House Prices in Durham, County Durham

# Durham Property Market Summary

Durham's property market presents an intriguing picture with 33,780 properties and an average price of £150,361, positioning it as an affordable option compared to many UK markets. The area has demonstrated notable price volatility over recent years, with average annual prices fluctuating significantly between approximately £190,000 and £311,000. The market peaked in 2022 at £311,535 before moderating to £220,906 in 2023 and £191,695 in 2024, suggesting a recent cooling period following post-pandemic highs.

Transaction volumes have remained relatively robust, with between 1,500 and 2,200 annual sales throughout most years, indicating sustained market activity despite price fluctuations. The 2024 data shows a particularly high volume of 2,240 sales, the strongest year for transaction activity in the dataset, which may reflect buyers taking advantage of lower price points. Durham's appeal likely stems from its historic cathedral city status, strong student population due to Durham University, and its position as a cultural and economic hub in the North East, offering a blend of heritage charm and practical amenities at competitive price points.