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Norwich House Prices Norwich House Prices

The average house price in Norwich is £279,552 using HM Land Registry data.

The average property price increased by £48,073 (19.42%) over the last 5 years and increased by £9,632 (3.37%) over the last 12 months.

Over the last year, there were 2,099 residential property sales – a decrease of 598 transactions (-28.49%) relative to the previous year. The majority of house sales (639) were in the £198,000 - £256,000 range. Then came properties in the £256,000 - £314,000 range, where 450 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 130 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,316 (-2%).

In Dec 24, there were 258 new estate agency instructions, 234 agreed home sales and 201 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

19.42%

Property prices in Norwich increased by 19.42% 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

3.37%

Property prices in Norwich increased by 3.37% 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 - Dec 24

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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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
47 Leewood Crescent, Norwich, Norfolk, NR5 0DA£220,000£218,000-£2,00017 Jul 202422 Nov 2024128 Days
18 Nursery Close, Norwich, Norfolk, NR6 5SJ£175,000£165,000-£10,00005 Jul 202422 Nov 2024140 Days
27 Blackwell Avenue, Norwich, Norfolk, NR7 8XN£280,000£275,000-£5,00026 Jun 202422 Nov 2024149 Days
76 Edinburgh Road, Norwich, Norfolk, NR2 3RJ£300,000£295,000-£5,00023 Sep 202421 Nov 202459 Days
11 Desborough Way, Norwich, Norfolk, NR7 0RR£269,950£267,000-£2,95006 Jun 202419 Nov 2024166 Days
12 Three Mile Lane, Norwich, Norfolk, NR5 0RR£375,000£360,000-£15,00022 Jun 202414 Nov 2024145 Days
10 Chalgrove Field, Norwich, Norfolk, NR7 0NP£300,000£300,000£0010 Jul 202413 Nov 2024126 Days
49 Buxton Road, Norwich, Norfolk, NR3 3HH£350,000£340,000-£10,00014 Aug 202412 Nov 202490 Days
26 Trafford Road, Norwich, Norfolk, NR1 2QW£300,000£300,000£0029 Jul 202412 Nov 2024106 Days
5 Waterloo Road, Norwich, Norfolk, NR3 1EH£200,000£190,000-£10,00022 Apr 202411 Nov 2024203 Days
65 Hercules Road, Norwich, Norfolk, NR6 5HQ£240,000£225,000-£15,00006 Aug 202408 Nov 202494 Days
148 Knowsley Road, Norwich, Norfolk, NR3 4PU£230,000£230,000£0024 Apr 202408 Nov 2024198 Days
180 Earlham Road, Norwich, Norfolk, NR2 3RW£735,000£705,000-£30,00027 Jun 202408 Nov 2024134 Days
80 West Pottergate, Norwich, Norfolk, NR2 4BW£160,000£160,000£0019 Jun 202407 Nov 2024141 Days
9 Old Laundry Court, Norwich, Norfolk, NR2 4GZ£425,000£410,000-£15,00012 Jun 202406 Nov 2024147 Days
17 Coller Road, Norwich, Norfolk, NR6 7FB£365,000£356,940-£8,06020 Jun 202405 Nov 2024138 Days
17 Fifers Lane, Norwich, Norfolk, NR6 7AE£425,000£420,000-£5,00012 Jul 202405 Nov 2024116 Days
31 Barclay Green, Norwich, Norfolk, NR7 9QH£200,000£193,000-£7,00008 May 202405 Nov 2024181 Days
61 Wodehouse Street, Norwich, Norfolk, NR3 4TY£220,000£212,500-£7,50020 Apr 202404 Nov 2024198 Days
73 Valpy Avenue, Norwich, Norfolk, NR3 2EZ£200,000£200,000£0026 Apr 202401 Nov 2024189 Days

Most Expensive Streets in Norwich

PostcodeStreetAreaAverageNo. of Sales
NR2 2NBTown Close RoadNorwich£1,363,1254
NR2 2AEChristchurch RoadNorwich£1,168,5717
NR2 2PHUnthank RoadNorwich£1,111,6663
NR4 6APNewmarket RoadNorwich£1,106,8336
NR4 7QGUnthank RoadNorwich£970,0003
NR2 2HNNewmarket RoadNorwich£959,3333
NR4 7QFJudges WalkNorwich£915,8336
NR4 6SWBranksome RoadNorwich£899,0005
NR4 6SNBranksome RoadNorwich£883,5004
NR4 7QHUnthank RoadNorwich£881,5114

Least Expensive Streets in Norwich

PostcodeStreetAreaAverageNo. of Sales
NR5 8UAPicturehouse CourtNorwich£42,3147
NR3 1JPNorris CourtNorwich£66,3336
NR2 3PEEarlham HouseEarlham Road£77,28514
NR3 3TNThe GroveNorwich£87,2504
NR2 3HJDenbigh HouseDenbigh Road£88,8333
NR4 7NDRusset GroveNorwich£89,9333
NR1 1QSNormandie TowerRouen Road£93,0005
NR1 1HXCavendish CourtRecorder Road£98,60424
NR3 4ALTaylors CourtMagdalen Road£100,1663
NR1 1BWCavendish HouseRecorder Road£100,33312

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