House prices in North Hertfordshire have gone down by an average of over £5,000 in the month of July, according to figures from the Land Registry.

The latest data from the government department reveals that in July 2022 average house prices in North Hertfordshire reached £397,197.

This was down from £402,763 in June, representing a 1.4 per cent decrease. In the last 12 months it has risen by 10.1 per cent.

If you are interested in buying or renting a home, you can see the latest properties in and around North Hertfordshire here.

How much have house prices decreased in North Hertfordshire?

Breaking it down for specific types of housing, all prices saw a decrease.

  • Detached houses - Down to £751,971 from £763,700 in June
  • Semi-detached houses - Down to £465,460 from £471,004 in June
  • Terraced houses - Down to £359,171 from £363,908 in June
  • Flats - Down to £229,730 from £233,484 in June

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How do North Hertfordshire house prices compare to the UK average?

Despite the fall in prices this month, North Hertfordshire is still well above the UK average with a typical property value in the nations reaching £292,118 in July.

In cash terms, the average house price in July was £39,157 higher than a year earlier with house price growth accelerating to 15.5 per cent in July 2022.  Prices were up by 2.0 per cent month on month.

How much could your house be worth?

We have created this map for the East of England 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 North Hertfordshire are the most expensive for average house prices.