By William Thornton, Head of Residential Agency at youngsRPS.
There’s plenty to feel positive about when it comes to the North East housing market.
While national headlines often focus on uncertainty or price corrections, here in our region we’re continuing to see encouraging signs of stability, growth, and opportunity-particularly for firsttime buyers and those looking to make their next move.
Affordability continues to be a key strength. With an average asking price just over £195,000-compared to a national average closer to £379,000-the North East offers excellent value without compromising on lifestyle or location. That’s something we at youngsRPS hear time and again from buyers relocating from elsewhere in the UK.
Local sold prices are holding their ground too. In Newcastle, the average sale price is now £237,760-matching levels last seen during the 2022 peak. Across Tyne & Wear, sold prices are up 3% year-on-year, while in Northumberland, well-presented semis and terraced homes remain particularly popular, averaging £205,000 and £177,000 respectively.
Recent figures from Rightmove show average asking prices across the North East have risen 3.2% in the past year, with standout performers including County Durham and Darlington-both posting annual growth of 8%. These aren’t just numbers; they reflect renewed confidence and consistent buyer demand across the region.
It’s also worth noting the strong performance of rural and higher-end properties. Demand for character homes, smallholdings and village-based living continues to grow, particularly among buyers seeking space, privacy, and lifestyle flexibility. Well-located, quality homes in the upper price brackets are attracting strong interest-often from cash buyers or those moving north for a better quality of life.
With more stock coming to market and interest rates expected to fall later in the year, buyers are starting to feel empowered again. We’re seeing confident, proceedable buyers ready to move, while sellers are pricing sensibly-creating the kind of balanced, functional market that benefits everyone.
At youngsRPS, we remain optimistic. The North East has always had its own rhythm, and right now, it’s a positive one. Whether you’re buying, selling, or just starting to consider your next steps, it’s a great time to explore what our market has to offer.
youngsrps.com
Info coming from the Rightmove House Price Index June 2025