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South Shields House Prices South Shields House Prices

The average house price in South Shields is £143,196 using HM Land Registry data.

The average property price increased by £20,463 (14.35%) over the last 5 years and increased by £4,089 (2.57%) over the last 12 months.

Over the last year, there were 618 residential property sales – a decrease of 306 transactions (-49.51%) relative to the previous year. The majority of house sales (155) were in the £70,000 - £114,000 range. Then came properties in the £114,000 - £158,000 range, where 155 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 71 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,220 (-3%).

In April 2024, there were 103 new estate agency instructions, 60 agreed home sales and 43 property price reductions.

Neighbouring Areas: Jarrow, Boldon Colliery

Postcodes Covered: NE32, NE33, NE34, NE36

5-Year Average Property Prices in South Shields

14.35%

Property prices in South Shields increased by 14.35% 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 South Shields Over the Last Year

2.57%

Property prices in South Shields increased by 2.57% 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 South Shields - 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 South Shields

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 South Shields

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 South Shields

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 South Shields since 1995

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

Recent Property Sales in South Shields

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
16 Banbury Terrace, South Shields, Tyne And Wear, NE33 4TL£230,000£225,000-£5,00002 Oct 202315 Mar 2024165 Days
310 Stanhope Road, South Shields, Tyne And Wear, NE33 4QZ£60,000£57,000-£3,00001 Aug 202328 Feb 2024211 Days
20 Cleaside Avenue, South Shields, Tyne And Wear, NE34 8DQ£225,000£225,000£0018 Oct 202309 Feb 2024114 Days
39 Bamburgh Avenue, South Shields, Tyne And Wear, NE34 7TJ£230,000£215,000-£15,00011 Sep 202319 Jan 2024130 Days
4 Ryton Court, South Shields, Tyne And Wear, NE33 4HS£120,000£105,000-£15,00015 Mar 201819 Jan 20242136 Days
266 Inverness Road, Jarrow, Tyne And Wear, NE32 4JR£50,000£50,000£0020 Apr 202317 Jan 2024272 Days
51 Lisle Road, South Shields, Tyne And Wear, NE34 6DH£265,000£260,000-£5,00020 Jul 202311 Jan 2024175 Days
8 Beacon Glade, South Shields, Tyne And Wear, NE34 7PS£250,000£245,000-£5,00003 Aug 202320 Dec 2023139 Days
117 Bamburgh Avenue, South Shields, Tyne And Wear, NE34 7SZ£219,950£195,000-£24,95023 Mar 201818 Dec 20232096 Days
2 Bewick Street, South Shields, Tyne And Wear, NE33 4JU£90,000£83,000-£7,00026 Apr 202318 Dec 2023236 Days
26 Kingsway, South Shields, Tyne And Wear, NE33 3NN£269,950£250,000-£19,95026 Aug 202218 Dec 2023479 Days
398 Sunderland Road, South Shields, Tyne And Wear, NE34 8BL£235,000£228,000-£7,00004 Sep 202315 Dec 2023102 Days
8 Cross Way, South Shields, Tyne And Wear, NE34 6PR£139,950£135,000-£4,95017 May 202315 Dec 2023212 Days
111 Greenside Drift, South Shields, Tyne And Wear, NE33 3ND£83,500£83,500£0023 Aug 202314 Dec 2023113 Days
1 Livingstone Place, South Shields, Tyne And Wear, NE33 2DZ£140,000£135,000-£5,00010 Aug 202314 Dec 2023126 Days
34 Foss Way, South Shields, Tyne And Wear, NE34 0BW£90,000£83,000-£7,00009 Aug 202301 Dec 2023114 Days
44 East Moffett Street, South Shields, Tyne And Wear, NE33 3PL£65,000£65,000£0002 Jun 202301 Dec 2023182 Days
47 Rosebery Avenue, South Shields, Tyne And Wear, NE33 3EX£235,000£227,000-£8,00013 Jul 202301 Dec 2023141 Days
152 Grosvenor Road, South Shields, Tyne And Wear, NE33 3HS£280,000£267,500-£12,50021 Jun 202301 Dec 2023163 Days
Norman Hurst, Westoe Village, South Shields, Tyne And Wear, NE33 3EB£1,150,000£375,000-£775,00025 Feb 202330 Nov 2023278 Days

Most Expensive Streets in South Shields

PostcodeStreetAreaAverageNo. of Sales
NE34 8BUParkshielSouth Shields£481,7504
NE33 3EBWestoe VillageSouth Shields£448,0005
NE34 6BBNorth AvenueSouth Shields£426,8754
NE34 0EUKing George RoadSouth Shields£417,8577
NE34 6AQSunderland RoadSouth Shields£375,8333
NE33 2QUBeach RoadSouth Shields£373,1234
NE34 6EXTynedale RoadSouth Shields£372,5004
NE34 8DNSunniriseSouth Shields£360,6663
NE33 3NQThe BroadwaySouth Shields£358,60010
NE34 0ETKing George RoadSouth Shields£358,0005

Least Expensive Streets in South Shields

PostcodeStreetAreaAverageNo. of Sales
NE33 5HSJohn Williamson StreetSouth Shields£53,2494
NE33 3DJMowbray MewsBack Eccleston Road£53,3333
NE33 5PDMarshall Wallis RoadSouth Shields£53,4068
NE33 4SYRevesby StreetSouth Shields£54,0003
NE33 4EWImeary StreetSouth Shields£54,3624
NE33 4JYCollingwood StreetSouth Shields£55,0717
NE33 4STStanhope RoadSouth Shields£58,0003
NE33 5AWTaylor StreetSouth Shields£58,0717
NE33 4BYNorthcote StreetSouth Shields£58,5007
NE33 5ALSouth Eldon StreetSouth Shields£58,8333

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