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 December 2022 average house prices in County Durham reached £132,403.

This was down from £134,372 in November, representing a 1.5 per cent decrease. In the last 12 months it has risen by 11.9 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 £223,248 from £226,174 in November
• Semi-detached houses - Down to £130,712 from £132,514 in November
• Terraced houses - Down to £105,781 from £107,557 in November
• Flats - Down to £78,566 from £79,634 in November

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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 £294,329 in December.

In cash terms, the average house price in December was £26,214 higher than a year earlier with house price growth accelerating to 9.8 per cent in December 2022. Prices were down by -0.4 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.