House prices in County Durham have gone down by an average of over £500 in the month of May, according to figures from the Land Registry.

County Durham is one of the cheapest areas to buy a property in the entirety of the UK.

The latest data from the government department reveals that in May 2022 average house prices in County Durham reached £124,829.

This was down from £125,345 in April, representing a 0.4 per cent decrease. In the last 12 months it has risen by 10.4 per cent.

If you are interested in buying or renting a home, you can see the latest properties in and around County Durham here.

How much have house prices decreased in County Durham?

Breaking it down for specific types of housing, all prices saw a decrease.

  • Detached houses - Down to £210,079 from £211,734 in April
  • Semi-detached houses - Down to £122,849 from £123,537 in April
  • Terraced houses - Down to £99,971 from £100,028 in April
  • Flats - Down to £75,155 from £75,811 in April

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How do County Durham house prices compare to the UK average?

The fall in prices this month means County Durham is still far below the UK average with typical property value in the nations reaching £283,496 in May.

In cash terms, the average house price in May was £32,210 higher than a year earlier with house price growth accelerating to 12.8 per cent in May 2022. Prices were up by 1.2 per cent month on month.

How much could your house be worth?

We have created this map for the North East so you can see the average house price in each neighbourhood since 1995.

Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website here.

The above map can demonstrate which areas of County Durham are the most expensive for average house prices.