House prices in Stockton-on-Tees have gone up by an average of over £700 in the month of January, according to figures from the Land Registry.
The latest data from the government department reveals that in January 2023 average house prices in Stockton-on-Tees reached £168,571.
This was up from £167,793 in December, representing a 0.5 per cent increase. In the last 12 months it has risen by 12.2 per cent.
If you are interested in buying or renting a home, you can see the latest properties in and around Stockton-on-Tees here.
How much have house prices increased in Stockton-on-Tees?
Breaking it down for specific types of housing, all prices saw an increase.
- Detached houses - Up to £271,094 from £269,927 in December
- Semi-detached houses - Up to £154,985 from £154,155 in December
- Terraced houses - Up to £120,591 from £120,089 in December
- Flats - Up to £89,270 from £89,121 in December
How do Stockton-on-Tees house prices compare to the UK average?
Despite the rise in prices this month, Stockton-on-Tees is still well below the UK average with typical property value in the nations reaching £289,818 in January.
In cash terms, the average house price in January was £17,080 higher than a year earlier with house price growth accelerating to 6.3 per cent in January 2023. Prices were down by -1.1 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 Stockton-on-Tees are the most expensive for average house prices.
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