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 February 2023 average house prices in County Durham reached £132,017.

This was down from £132,576 in January, representing a 0.4 per cent decrease. In the last 12 months it has risen by 10.3 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 £223,027 from £223,093 in January
• Semi-detached houses - Down to £130,246 from £130,816 in January
• Terraced houses - Down to £105,388 from £106,071 in January
• Flats - Down to £78,661 from £78,841 in January

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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 £287,506 in February.

In cash terms, the average house price in February was £15,052 higher than a year earlier with house price growth accelerating to 5.5 per cent in February 2023. Prices were down by -1.0 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.