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Newcastle upon Tyne House Prices Newcastle upon Tyne House Prices

The average house price in Newcastle upon Tyne is £223,671 using HM Land Registry data.

The average property price increased by £55,503 (28.49%) over the last 5 years and increased by £11,093 (4.64%) over the last 12 months.

Over the last year, there were 2,495 residential property sales – a decrease of 1,039 transactions (-41.64%) relative to the previous year. The majority of house sales (728) were in the £90,000 - £156,000 range. Then came properties in the £156,000 - £222,000 range, where 606 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 67 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,735 (-2%).

In April 2024, there were 442 new estate agency instructions, 331 agreed home sales and 132 property price reductions.

Neighbouring Areas: Longbenton, Wallsend, Hebburn, Blaydon, Gateshead

Postcodes Covered: NE1, NE12, NE13, NE15, NE2, NE28, NE3, NE4, NE5, NE6, NE7

5-Year Average Property Prices in Newcastle upon Tyne

28.49%

Property prices in Newcastle upon Tyne increased by 28.49% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Newcastle upon Tyne Over the Last Year

4.64%

Property prices in Newcastle upon Tyne increased by 4.64% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Newcastle upon Tyne - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Newcastle upon Tyne

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Newcastle upon Tyne

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Newcastle upon Tyne

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Newcastle upon Tyne since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Newcastle upon Tyne area since 1995.

Recent Property Sales in Newcastle upon Tyne

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
17 Western Avenue, Grainger Park, Newcastle Upon Tyne, Tyne And Wear, NE4 8SL£200,000£120,000-£80,00002 Nov 202318 Mar 2024137 Days
57 Western Avenue, West Denton, Newcastle Upon Tyne, Tyne And Wear, NE5 5BX£149,950£147,500-£2,45031 Jul 202313 Mar 2024226 Days
243 Windsor Walk, Newcastle Upon Tyne, Tyne And Wear, NE3 2TY£135,000£132,000-£3,00026 Oct 202311 Mar 2024137 Days
8 Bromley Court, Newcastle Upon Tyne, Tyne And Wear, NE3 2YH£320,000£310,000-£10,00022 Aug 202311 Mar 2024202 Days
23 Beanley Place, Newcastle Upon Tyne, Tyne And Wear, NE7 7DQ£185,000£185,000£0017 Nov 202311 Mar 2024115 Days
28 Amberley Gardens, Newcastle Upon Tyne, Tyne And Wear, NE7 7JR£240,000£240,000£0007 Sep 202308 Mar 2024183 Days
50 Moor Court, Newcastle Upon Tyne, Tyne And Wear, NE3 4YD£350,000£350,000£0016 Oct 202307 Mar 2024143 Days
7 The Uplands, Newcastle Upon Tyne, Tyne And Wear, NE3 4LH£395,000£387,000-£8,00019 Oct 202301 Mar 2024134 Days
86 Western Avenue, West Denton, Newcastle Upon Tyne, Tyne And Wear, NE5 5AQ£180,000£180,000£0009 Oct 202301 Mar 2024144 Days
Apartment 8, Kenton Lodge, Kenton Road, Newcastle Upon Tyne, Tyne And Wear, NE3 4PE£225,000£195,000-£30,00017 Jul 201729 Feb 20242418 Days
20 Epsom Court, Newcastle Upon Tyne, Tyne And Wear, NE3 2UP£185,000£183,000-£2,00014 Oct 202329 Feb 2024138 Days
6 Stonecroft Gardens, Newcastle Upon Tyne, Tyne And Wear, NE7 7GD£280,000£275,000-£5,00004 Dec 202329 Feb 202487 Days
9 The High Gate, Newcastle Upon Tyne, Tyne And Wear, NE3 4LS£360,000£352,000-£8,00028 Sep 202328 Feb 2024153 Days
14 Shamrock Close, Newcastle Upon Tyne, Tyne And Wear, NE15 8TW£189,950£189,950£0026 Sep 202326 Feb 2024153 Days
6 Lansdowne Crescent, Newcastle Upon Tyne, Tyne And Wear, NE3 1HS£215,000£199,000-£16,00013 Sep 202323 Feb 2024163 Days
55 Bradwell Road, Newcastle Upon Tyne, Tyne And Wear, NE3 3LJ£60,000£60,000£0027 Oct 202323 Feb 2024119 Days
19 Langley Road, East Denton, Newcastle Upon Tyne, Tyne And Wear, NE5 2AP£179,950£175,000-£4,95010 Oct 202323 Feb 2024136 Days
4 Orchard Leigh, Newcastle Upon Tyne, Tyne And Wear, NE15 7XH£210,000£205,000-£5,00029 Sep 202323 Feb 2024147 Days
7 Greenside Crescent, Newcastle Upon Tyne, Tyne And Wear, NE15 7HR£95,000£93,000-£2,00021 Aug 202323 Feb 2024186 Days
26 Thropton Crescent, Gosforth, Newcastle Upon Tyne, Tyne And Wear, NE3 3HT£289,950£287,000-£2,95003 Jul 202321 Feb 2024233 Days

Most Expensive Streets in Newcastle upon Tyne

PostcodeStreetAreaAverageNo. of Sales
NE3 4BBElmfield RoadGosforth£1,703,3333
NE3 4BHGraham Park RoadNewcastle Upon Tyne£1,695,2005
NE3 4JHMontagu AvenueNewcastle Upon Tyne£1,535,0004
NE2 2HELindisfarne RoadNewcastle Upon Tyne£1,271,7377
NE3 4BDElmfield RoadGosforth£1,269,5006
NE2 1JUOsborne VillasNewcastle Upon Tyne£1,145,0004
NE3 4DSNorth AvenueGosforth£1,144,8333
NE3 4AQMoor CrescentNewcastle Upon Tyne£1,120,0006
NE2 3JYMitchell AvenueNewcastle Upon Tyne£1,098,4068
NE2 1TLClayton RoadJesmond£1,048,2229

Least Expensive Streets in Newcastle upon Tyne

PostcodeStreetAreaAverageNo. of Sales
NE6 3NPKingsmere GardensNewcastle Upon Tyne£42,95411
NE3 2BUBroomley CourtNewcastle Upon Tyne£43,0003
NE5 2JNDenton CourtSilver Lonnen£43,2504
NE6 2RYScarborough RoadNewcastle Upon Tyne£43,6663
NE6 2SEBenson RoadNewcastle Upon Tyne£44,0595
NE5 3YFSt Keverne SquareNewcastle Upon Tyne£45,4505
NE5 3XZSt Just PlaceKenton£47,4874
NE3 2JYWitton CourtNewcastle Upon Tyne£47,6663
NE4 8EBAxbridge GardensNewcastle Upon Tyne£49,7504
NE3 3RTBellingham CourtKenton£50,3323

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