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Norwich House Prices Norwich House Prices

The average house price in Norwich is £250,001 using HM Land Registry data.

The average property price increased by £64,338 (27.56%) over the last 5 years and increased by £12,858 (4.51%) over the last 12 months.

Over the last year, there were 2,111 residential property sales – a decrease of 1,187 transactions (-56.23%) relative to the previous year. The majority of house sales (552) were in the £196,000 - £252,000 range. Then came properties in the £252,000 - £308,000 range, where 457 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 75 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,940 (-1%).

In April 2024, there were 513 new estate agency instructions, 342 agreed home sales and 306 property price reductions.

Neighbouring Areas: Taverham and Drayton, Cringleford

Postcodes Covered: NR1, NR10, NR13, NR2, NR3, NR4, NR5, NR6, NR7, NR8, NR9

5-Year Average Property Prices in Norwich

27.56%

Property prices in Norwich increased by 27.56% 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 Norwich Over the Last Year

4.51%

Property prices in Norwich increased by 4.51% 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 Norwich - 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 Norwich

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 Norwich

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 Norwich

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 Norwich since 1995

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

Recent Property Sales in Norwich

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
17 Merchant Way, Norwich, Norfolk, NR6 5HS£230,000£227,000-£3,00004 Aug 202319 Mar 2024228 Days
87 Carrow Road, Norwich, Norfolk, NR1 1HP£240,000£230,000-£10,00012 Sep 202318 Mar 2024188 Days
23 Sunny Grove, Norwich, Norfolk, NR5 0EJ£395,000£389,000-£6,00001 Feb 202415 Mar 202443 Days
43 Hillcrest Road, Norwich, Norfolk, NR7 0JU£475,000£450,000-£25,00023 Sep 202304 Mar 2024163 Days
25 Salisbury Road, Norwich, Norfolk, NR1 1TU£240,000£230,000-£10,00017 Nov 202304 Mar 2024108 Days
30 Eade Road, Norwich, Norfolk, NR3 3EJ£210,000£140,000-£70,00017 Aug 202101 Mar 2024927 Days
7 Maud Street, Norwich, Norfolk, NR2 3BE£260,000£257,500-£2,50012 Dec 202301 Mar 202480 Days
18 Cow Hill, Norwich, Norfolk, NR2 1HD£450,000£425,000-£25,00023 Nov 202301 Mar 202499 Days
6 Lindford Drive, Norwich, Norfolk, NR4 6LT£425,000£415,000-£10,00019 Jan 202401 Mar 202442 Days
5 Edenhurst Close, Norwich, Norfolk, NR4 7QT£1,100,000£1,100,000£0008 Sep 202301 Mar 2024175 Days
10 Ivy Road, Norwich, Norfolk, NR5 8BQ£210,000£206,500-£3,50015 Sep 202329 Feb 2024167 Days
157 Holt Road, Norwich, Norfolk, NR6 6UA£300,000£295,000-£5,00022 Aug 202328 Feb 2024190 Days
95 Glendenning Road, Norwich, Norfolk, NR1 1YN£160,000£158,000-£2,00019 Oct 202328 Feb 2024132 Days
146 Templemere, Norwich, Norfolk, NR3 4EQ£165,000£160,000-£5,00007 Sep 202326 Feb 2024172 Days
1 Half Mile Close, Norwich, Norfolk, NR3 2LW£210,000£205,000-£5,00028 Aug 202323 Feb 2024179 Days
33 Cozens Hardy Road, Norwich, Norfolk, NR7 8QF£325,000£320,000-£5,00020 Sep 202319 Feb 2024152 Days
46 Lambert Road, Norwich, Norfolk, NR7 8AA£350,000£343,000-£7,00014 Sep 202316 Feb 2024155 Days
38 Longfields Road, Norwich, Norfolk, NR7 0NB£250,000£225,000-£25,00011 Oct 202309 Feb 2024121 Days
90 Welsford Road, Norwich, Norfolk, NR4 6QH£450,000£435,000-£15,00029 Sep 202309 Feb 2024133 Days
116 Linacre Avenue, Norwich, Norfolk, NR7 8JS£275,000£275,000£0019 Dec 202306 Feb 202449 Days

Most Expensive Streets in Norwich

PostcodeStreetAreaAverageNo. of Sales
NR2 2NBTown Close RoadNorwich£1,289,5005
NR4 6ARNewmarket RoadNorwich£1,205,0003
NR2 2PHUnthank RoadNorwich£1,111,6663
NR4 6APNewmarket RoadNorwich£1,108,2005
NR2 2AEChristchurch RoadNorwich£1,048,1258
NR2 2DGMount PleasantNorwich£941,2504
NR4 6SWBranksome RoadNorwich£899,0005
NR4 7QFJudges WalkNorwich£893,1427
NR4 6SNBranksome RoadNorwich£883,5004
NR4 7QTEdenhurst CloseNorwich£875,3923

Least Expensive Streets in Norwich

PostcodeStreetAreaAverageNo. of Sales
NR5 8UAPicturehouse CourtNorwich£46,2006
NR3 1JPNorris CourtNorwich£66,2005
NR2 3PEEarlham HouseEarlham Road£77,28514
NR4 7NDRusset GroveNorwich£89,9333
NR2 3HJDenbigh HouseDenbigh Road£90,3754
NR1 1BWCavendish HouseRecorder Road£94,33312
NR1 1HXCavendish CourtRecorder Road£94,87524
NR1 1QSNormandie TowerRouen Road£95,5004
NR5 0RTRowan CourtNorwich£95,6669
NR1 1QRNormandie TowerRouen Road£95,7504

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