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What’s Happening with House Prices in Nottingham?

Name: Nottingham Property Valuation and Price Data
Creator: M0VE
License: https://www.m0ve.com/terms-of-use

House prices aren’t known for their personality, but Nottingham’s data might just prove otherwise. Scroll through and see who’s been behaving well.

This page takes the latest sales figures and makes them readable, useful, and not remotely overwhelming.

House Prices > Nottingham

Year-on-Year Housing Data for Nottingham

Take a look at the yearly change in average home prices in Nottingham between 2018 and 2025.

Year	Average Price	Transactions
2025 (proj.)	£263,200	12,965
2024	£252,500	9,601
2023	£257,100	11,258
2022	£254,900	14,247
2021	£241,700	15,933
2020	£221,900	11,676
2019	£200,500	14,037
2018	£197,700	14,002

Nottingham Property Prices: Year-on-Year Journey

Nottingham's property market has seen a ride which has been both exciting and challenging since 2018. Initially, the average home value stood at around £197,700, and by 2025, it's projected to have swelled to around £263,200. That's an approximate 33% increase in seven years. This surge in prices is just like locals say, prices have ballooned like kids chasing soap bubbles on a summer’s day.

However, transaction volumes tell a slightly different story. While prices grew, the number of completed sales has yo-yo-ed. In 2018, we saw 14,002 transactions, but by 2024, it shrank to 9,601 transactions. Then again, with 2025 on the horizon, things are looking a touch brighter with a forecast of 12,965 transactions.

Here’s a peek into factors driving these changes:

Nottingham's growing allure has definitely played its part, drawing both young professionals and families looking for larger homes.
Buyers facing affordability challenges, particularly after 2022, when average prices peaked at £254,900.
The ripple effects of economic factors like interest rate shifts and uncertainties globally.

At M0VE, we’ve noted that areas once considered quieter are seeing renewed interest. For those wondering where the good deals are, we suggest looking into areas offering great value. Our guide on Where to Find Great Value Homes in Nottingham is just the resource for you.

So, what's the core message?

Nottingham isn’t just growing - it’s evolving. With property prices shimmering like gems in a crown, it remains an attractive destination for a range of buyers. Nevertheless, the market faces its own tales of ebb and flow as we traverse through economic climates. But as any Nottingham local will tell you, it's more than just numbers and figures, it’s about knowing where to look and when to act.

A Closer Look at Nottingham Prices by Property Type

Nottingham's property market is currently buzzing with activity, offering a wide array of opportunities for buyers and investors alike. If you're thinking of making a purchase, understanding the varying dynamics across different property types can guide your decisions, helping you pinpoint where your investment might flourish.

Detached homes, often seen as the epitome of expansive living, stand out with an average price of £370,100, offering around 1,290 sq/ft of space. The £300 per sq/ft cost is the highest among property types, suggesting that buyers are paying a premium for a dream of spacious tranquillity and backyard barbecues under the drizzly Nottingham skies. However, with 3,743 transactions since 2021, these homes are more accessible than ever.

For those with leaner budgets, flats present an attractive option. Priced at an average of £163,800 and about 730 sq/ft, they offer a compact yet comfortable lifestyle. The £230 per sq/ft average cost stands testament to efficient urban living. With 1,117 transactions recorded, flats are particularly attractive for young professionals and students, keen on quick commutes and vibrant city life.

Semi-detached houses hit a sweet spot for growing families. With an average cost of £222,800 and generous 940 sq/ft of space, these properties strike a balance between price and roominess. At £240 per sq/ft, these homes demonstrate robust demand with 5,179 transactions. Discover some of Nottingham's most promising streets where these homes are flying off the shelves.

Terraced homes, the workhorses of urban landscapes, exemplify Nottingham’s rich history and bustling spirit. Averaging £172,200 and featuring 840 sq/ft of living area, their lower £210 per sq/ft cost appeals widely. With 6,833 transactions, terraced homes are moving faster than the Robin Hood Express at rush hour.

This price range and variation reveal a crucial point: Nottingham provides options to suit nearly every prospective buyer's needs, from sprawling detached homes to efficient city flats.

Key takeaway for buyers:

For those dreaming of plush, spacious living, consider investing in detached homes.
If proximity to the city hustle and bustling amenities is your aim, flats are an ideal choice.
For families looking for more room without breaking the bank, semi-detached homes might just hit the sweet spot.
And if historic charm and budget-friendly options speak to you, terraced homes offer a perfect blend of both worlds.

A Look at House Prices Across Nottingham’s Districts

District	Avg Price (£)	Transactions
NG1	£203,900	1,746
NG2	£283,000	7,263
NG3	£217,600	5,545
NG4	£203,400	5,760
NG5	£198,300	9,530
NG6	£156,900	3,835
NG7	£200,800	4,531
NG8	£224,800	5,559
NG9	£249,400	8,385
NG10	£202,400	5,846
NG11	£248,900	4,392
NG12	£330,600	5,520
NG13	£329,100	3,422
NG14	£311,200	2,881
NG15	£225,500	6,228
NG16	£199,300	7,898
NG17	£167,300	3,103
NG22	£302,800	6

Once upon a time, in the bustling shires of Nottingham, each postcode district twinkled like a unique star in the night sky, each with its own story to tell. These districts fashion a colourful tapestry of property prices and transactions, forming an exciting backdrop for buyers and investors alike.

In the heart of Nottingham, nestled like a jewel, lies NG1 where properties average a cost of £203,900. This area may not dazzle with its transaction numbers, but it remains a cosy nook for those enchanted by city charms. Imagine strolling through streets more vibrant than the markets on Old Market Square.

With green parks and a subtle suburban allure, areas such as NG2 and NG9 capture the essence of dreamlike living with average prices of £283,000 and £249,400 respectively. These districts, especially NG2, offer serene escapes without really leaving urban vibes behind.

Nearby, NG4 and NG5 exude an inviting aura for first-time buyers, sporting lower average property prices around £203,400 and £198,300. These zones brim with potential, attracting newcomers who yearn for a sweeter, quieter life away from city clamor.

For those with an eye on exquisite, fairy-tale endings, look towards places like NG12 and NG13. Here, homes often exceed values of £330,600 and £329,100, whispering tales of prestige and splendor. While transactions are fewer, they captivate those looking for timeless elegance.

And as Nottingham spins its tale of ever-changing golden opportunities, we at M0VE find ourselves enchanted by this property saga. Together, let's discover the hidden gems offering great value and potential. Where to Find Great Value Homes in Nottingham.

The takeaway is simple:

Affordable enchantments: NG4 and NG5 dazzle with lower average prices, opening doors for new beginnings.
Suburban dreamscapes:
- NG2 and NG9 are the places where urban convenience meets tranquility.
Premium residences:
- NG12 and NG13, where the charm lies in their exclusivity and grandeur.
Charm-filled city life: NG1, offering city-lovers a compact, lively dwelling place.

So, what’s the core message? Nottingham's property landscape spins a grand tale, offering what feels right to each seeker - from quaint first-home nests to majestic abodes of dreams. Whether you wish for a companionable spot near the city's pulse or the serene whispers of suburban life, Nottingham welcomes you with open arms.

Please be aware that these figures only highlight average sale prices and transaction numbers for each district.

They do not reflect property size differences or cost per square foot, so some local trends might be blurred. For a closer look, head over to our blog. Thank you kindly.

Comparing Nottingham House Prices with Surrounding Areas

City	Avg Price (£)	Transactions
Ilkeston	£174,300	5,167
Heanor	£170,800	1,803
Ripley	£195,100	2,178
Southwell	£360,200	958
Sutton-In-Ashfield	£157,300	4,137
Alfreton	£188,700	3,751
Mansfield	£173,900	12,190
Belper	£263,000	3,322
Derby	£209,900	23,157
Loughborough	£251,500	10,736

Nottingham’s housing landscape tells an intriguing tale of variety and diversity, akin to the colourful tapestry of its cultural scene. Here, property prices waltz in rhythm with an eclectic mix of buyers and sellers, painting a picture that is both vibrant and complex.

Surrounding areas offer their own unique narratives:

Ilkeston and Heanor sit among the most affordable with average home values of around £174,300 and £170,800 respectively. These areas attract those looking for value for money without straying far from city conveniences.
In contrast, Southwell stands out dramatically with prices reaching £360,200. This locale draws in buyers seeking historical charm intertwined with modern conveniences.
Ripley and Alfreton provide a balance between affordability and desirable living conditions, featuring average prices of £195,100 and £188,700, respectively.
Belper presents a middle path with its blend of scenic beauty and relatively higher prices averaging £263,000, appealing to those who value lush landscapes.
Then there’s Derby, where the housing market bubbles with energy, boasting an average price of £209,900 across a staggering 23,157 transactions, drawing a mosaic of buyers from diverse walks of life.

Prices have puffed up in some areas like warm air in a hot air balloon, while others remain grounded, offering refuge for budget-conscious buyers.

What can we conclude?

Affordability hubs: Ilkeston and Heanor shine for value seekers.
Historic allure: Southwell remains on the pricier end of the spectrum.
Bustling market: Derby delivers with robust transactional activity, offering variety.

The takeaway is simple. Nottingham’s surrounding areas cater to diverse appetites, whether you seek affordable charm, historical allure, or dynamic urban energy. Depending on your vision and wallet, the perfect home may not be far from the heart of this culturally enriched arena.

Please remember, the data compares broad pricing averages and sales volume only.

No adjustments have been made for home sizes or per square foot value. For deeper insights, head over to our blog. Thanks for reading.

A Sharp, Local Look at Nottingham Housing

Eyeing a property purchase or investment in Nottingham? Our articles uncover top locations, real estate trends, and insider tips to secure the right bargain.