House valuation in NR5, NorwichNR5, Norwich · postcode market · rolling monthly

Data accurate as of 1 Jul 2026Source: on-market listing data
Median asking price
£267k
Average £281k
Typical time on market
104 days
Median days on the market
Active listings
1,024
Currently on the market
Sold vs asking
−3.3%
−£10k vs asking
AI insight · Your area in three sentences

NR5 homes: asking prices are down 4% year on year

Median asking price in NR5, Norwich is £267,000, down 4% year on year. Homes have been on the market for 119 days on average, and 40.2% of listings have had price reductions. Agreed sales are 3.3% below asking on average. Use the house price trends, time-on-market and momentum figures below to judge what your home could realistically achieve. Then get a free online valuation for a figure on your specific property.

Median asking £267,000119 days on market40.2% price cuts3.3% below asking

Your area at a glance

How the NR5, Norwich market is performing right now. Tap a metric to chart it.

Completion ratei
6%
Share of agreed sales reaching completion

Median asking price trend

3-month rolling average across NR5, Norwich.

£250k£260k£270k£280k£290k£300kJan 2025Jun 2025Nov 2025Apr 2026Jul 2026

Price per square metre

A size-adjusted view of local pricing, useful for comparing homes of different sizes.

Median £/m²i
£3,021
Half of local listings price above this per square metre
Average £/m²i
£3,191
Mean asking price per square metre across current listings

Deal flow this month

How many homes came to market, exchanged, and how often agreed sales fell through.

New instructionsi
53
Homes newly listed for sale this period
Exchangesi
3
Sales that legally completed this period
Fall-through ratei
0%
Share of agreed sales that collapsed before completion

When sellers cut, how much?

For homes that reduced their asking price, the typical size of the cut — plus how often sellers pull and relist.

Avg price reductioni
£13k
Average £ knocked off asking on reduced listings
Avg reduction sizei
5%
Average % cut on listings that dropped their price
Relist ratei
0%
Share of listings withdrawn and re-marketed
Market figures are compiled from on-market listing data, refresh monthly, and are indicative — review before use. Based on 132 listings in the latest period.

How much is my house worth in NR5?

The typical home in NR5 is asking £267k and takes about 104 days to sell. Your property's figure depends on size, condition and street — get a free online valuation in under a minute, with no agent visit and no obligation.

Get my free house valuation
Median asking
£267k
Typical sale time
104 days
Sold vs asking
−3.3%
On the market
1,024

All Norwich postcodes

Browse market data for every postcode in Norwich. You’re viewing NR5.

House valuation in NR5: common questions

What sellers in NR5 most often ask about valuations and local house prices.

How much is my house worth in NR5?

The median asking price in NR5 is currently £267k. That is the mid-point of homes on the market right now, so half are listed above it and half below. Your own figure depends on size, condition, layout and exact street — use £267k as the starting anchor, then get a free Upstix valuation for a figure on your specific property.

How long does it take to sell a house in NR5?

Homes in NR5 typically take around 104 days to go from listed to sale agreed. Add roughly 12–16 weeks on top for conveyancing and completion. Pricing accurately in the first two weeks is the single biggest lever on that timeline — listings that reduce later almost always take longer overall.

Are houses in NR5 selling for the asking price?

No — homes in NR5 are typically agreeing at about 3.3% below the original asking price. That gap is normal in most UK markets and usually reflects opening prices set slightly above expectation to leave negotiating room.

Is an online house valuation free?

Yes. An Upstix online house valuation is free and takes under a minute — there is no obligation and no agent visit required. Estate agents also offer free in-person valuations, while a formal RICS valuation report (used for probate, tax or lending) is a paid service, typically a few hundred pounds.

What is the difference between an online and an in-person valuation?

An online valuation uses sold prices, current listings and property attributes to estimate a market figure instantly — ideal for an early, no-commitment answer. An in-person valuation adds what data cannot see: condition, natural light, layout, noise and finish. Most sellers start online for a range, then confirm with two or three agent visits before choosing an asking price.

Where does the NR5 data on this page come from?

These figures are compiled from live on-market listing data covering NR5 and refresh monthly; the set shown was last refreshed on 2026-07-01. They describe the local market, not any individual property, so treat them as context rather than a valuation.

Talk to the Upstix team

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