The hottest and coldest North East housing markets right now
The latest data from the Land Registry reveals that the average house price in the North East is currently £156,900.
On average house prices in the North East decreased by 1.6% or £2,590 over the last month.
Over the last year (last 12 calendar months) average house prices in the North East increased by 4.0% or £6,070.
However, across the North East, there is a significant spread of house prices at the Local Authority level ranging from £129,000 in County Durham to £212,300 in North Tyneside.
North East average house prices by local authority
We show in the chart below the average house prices for every local authority across the North East. Do you live in one of the North East's hottest housing markets or one of the coldest areas?
The three most expensive areas for house prices in the North East are:
North Tyneside where average house prices are £212,300
Newcastle upon Tyne, where average house prices are £193,100, and
Northumberland where average house prices are £190,400
The three least expensive areas for house prices in the North East are:
County Durham where average house prices are £129,000
Sunderland with average house prices of £139,000, and
Hartlepool where average house prices are £139,800
North East house price winners and losers last month
Over the last month house prices in the North East increased the most in percentage terms in:
North Tyneside where average house prices increased by 3.4%,
Hartlepool where average house prices rose by 1.4%,
Stockton-on-Tees where average house prices were up by 0.2%
House prices in the North East increased the least in percentage terms last month in:
Northumberland where average house prices dropped by 2.9%,
Redcar and Cleveland where average house prices fell by 1.5%,
County Durham where average house prices were down 1.5%
We show the percentage changes in house prices for each local authority across the North East in the chart below:
The biggest absolute (monetary) increases in house prices in the North East last month were in:
North Tyneside where house prices climbed by £7,060,
Hartlepool where house prices increased by £1,990,
Stockton-on-Tees where house prices rose by £320
At the other end of the North East house price league, house prices fell most in:
Northumberland which saw house prices fall, on average, by £5,670,
Redcar and Cleveland where average house prices fell by £2,310,
County Durham where house prices were down £1,900
We show the monetary change in average house prices across each Local Authority across the North East in the chart below:
North East house price winners and losers last year
The North East witnessed strong house price growth over the last twelve months, on average across the North East house prices have increased by 4.0%
The biggest house price winners in percentage terms in the North East are listed below:
North Tyneside with average house prices up 11.4%,
Hartlepool, which has seen house prices increase by 10.4% over the last twelve months, and
Stockton-on-Tees where house prices have risen, on average, by 9.3%
At the bottom end of the annual house price table are:
Sunderland where house prices have risen by 3.3%,
Newcastle upon Tyne, with average house price inflation of 5.0%, and
Northumberland with house price inflation at 5.1%
We show the percentage change in house prices over the last twelve months across every Local Authority in the North East in the chart below
Finally turning to the monetary or cash changes to house prices in the North East over the last year, the biggest house price winners in absolute terms were:
North Tyneside which has seen house prices increase by £21,740,
Stockton-on-Tees with house prices gains of £14,270,
Hartlepool where house prices have risen, on average, by £13,190
House prices increased in monetary terms across every local authority across the North East last year, but those areas that saw the smallest increase in average house prices were:
Sunderland where average house prices were up £4,470,
County Durham, which saw average house prices rise by £8,400, and
Newcastle upon Tyne where house prices increased by £9,190
