House Prices in North East Lincolnshire

Property Market Overview — North East Lincolnshire has seen steady transaction activity over five years, with 15,625 sales recorded across the region. The median price of £144,000 sits noticeably below the average of £171,384, suggesting a market dominated by more affordable properties with occasional higher-value sales pulling the average upward.

Property Types and Price Differences — Detached homes command the highest prices at £275,044, roughly 2.8 times the cost of terraced properties at £96,823. Semi-detached homes occupy the middle ground at £166,294, while flats remain the lowest-priced segment at £99,876. Terraced homes and flats together account for the majority of sales volume, indicating the region's market is heavily weighted toward entry-level and mid-range housing.

Price Trends Over Time — The five-year trend shows a decline of 7.1%, with prices peaking at £184,764 in 2022 before gradually falling. Recent years through 2026 continue this downward trajectory, with values dropping to £152,070 in 2026, roughly 7% below 2025 levels.

What Stands Out — Grimsby dominates the market with 11,393 sales and the highest average price across major towns, while smaller centres like Immingham remain notably more affordable. The consistent price erosion since 2022, combined with strong trading volume in lower-priced segments, reflects a market adjusting to broader economic shifts.