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Cambridge House Prices Cambridge House Prices

The average house price in Cambridge is £521,660 using HM Land Registry data.

The average property price increased by £109,628 (22.39%) over the last 5 years and increased by £21,911 (3.8%) over the last 12 months.

Over the last year, there were 1,087 residential property sales – a decrease of 552 transactions (-50.78%) relative to the previous year. The majority of house sales (308) were in the £398,000 - £536,000 range. Then came properties in the £260,000 - £398,000 range, where 222 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 62 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,492 (-1%).

In April 2024, there were 223 new estate agency instructions, 144 agreed home sales and 71 property price reductions.

Neighbouring Areas: Histon and Impington, Great Shelford and Stapleford

Postcodes Covered: CB1, CB2, CB22, CB23, CB24, CB3, CB4, CB5

5-Year Average Property Prices in Cambridge

22.39%

Property prices in Cambridge increased by 22.39% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Cambridge Over the Last Year

3.8%

Property prices in Cambridge increased by 3.8% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Cambridge - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Cambridge

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Cambridge

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Cambridge

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Cambridge since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Cambridge area since 1995.

Recent Property Sales in Cambridge

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
71 Norwich Street, Cambridge, Cambridgeshire, CB2 1ND£595,000£561,240-£33,76003 Nov 202319 Mar 2024137 Days
81 Ravensworth Gardens, Cambridge, Cambridgeshire, CB1 2XN£600,000£600,000£0012 Jun 202319 Mar 2024281 Days
37 Orchard Avenue, Cambridge, Cambridgeshire, CB4 2AQ£750,000£750,000£0025 Oct 202315 Mar 2024142 Days
65 Eden Street, Cambridge, Cambridgeshire, CB1 1EL£795,000£785,000-£10,00003 Nov 202306 Mar 2024124 Days
101a, Gwydir Street, Cambridge, Cambridgeshire, CB1 2LG£210,000£205,005-£4,99523 Sep 202306 Mar 2024165 Days
Flat 17, Adam & Eve Court, Adam & Eve Street, Cambridge, Cambridgeshire, CB1 1DX£319,500£310,000-£9,50016 Jun 202316 Feb 2024245 Days
138 Kendal Way, Cambridge, Cambridgeshire, CB4 1LT£400,000£382,000-£18,00010 Aug 202312 Feb 2024186 Days
40 Chesterton Hall Crescent, Cambridge, Cambridgeshire, CB4 1AP£695,000£695,000£0012 Jul 202301 Feb 2024204 Days
3 Haig Court, Cambridge, Cambridgeshire, CB4 1TT£200,000£190,000-£10,00004 Sep 202329 Jan 2024147 Days
9 Maltings Close, Cambridge, Cambridgeshire, CB5 8EB£315,000£315,000£0001 Jun 202229 Jan 2024607 Days
65 Addenbrookes Road, Trumpington, Cambridge, Cambridgeshire, CB2 9AS£399,995£395,000-£4,99530 Mar 201729 Jan 20242496 Days
54 Holbrook Road, Cambridge, Cambridgeshire, CB1 7ST£850,000£830,000-£20,00005 Sep 202325 Jan 2024142 Days
27 Orchard Estate, Cherry Hinton, Cambridge, Cambridgeshire, CB1 3JW£450,000£435,000-£15,00003 Oct 202323 Jan 2024112 Days
21 Nuns Way, Cambridge, Cambridgeshire, CB4 2LU£325,000£317,500-£7,50019 May 202317 Jan 2024243 Days
436 Cherry Hinton Road, Cambridge, Cambridgeshire, CB1 8BA£700,000£675,000-£25,00031 Mar 202308 Jan 2024283 Days
70 Molewood Close, Cambridge, Cambridgeshire, CB4 3SS£200,000£191,900-£8,10008 Sep 202305 Jan 2024119 Days
48 Loris Court, Cambridge, Cambridgeshire, CB1 9GF£199,000£199,000£0027 Jun 202305 Jan 2024192 Days
4 Woodlark Road, Cambridge, Cambridgeshire, CB3 0HS£700,000£700,000£0004 Sep 202318 Dec 2023105 Days
356 Milton Road, Cambridge, Cambridgeshire, CB4 1LW£550,000£550,000£0022 Jun 202315 Dec 2023176 Days
43 Bishops Court, Trumpington, Cambridge, Cambridgeshire, CB2 9NN£300,000£300,000£0004 Jul 202315 Dec 2023164 Days

Most Expensive Streets in Cambridge

PostcodeStreetAreaAverageNo. of Sales
CB3 9HHWordsworth GroveCambridge£3,133,3333
CB2 8ARBarrow RoadCambridge£2,725,0004
CB3 9HWMillington RoadCambridge£2,633,3333
CB2 8AWBentley RoadCambridge£2,633,3333
CB2 8ASBarrow RoadCambridge£2,547,1427
CB3 9HPMillington RoadCambridge£2,466,1923
CB5 8DAMaids CausewayCambridge£2,273,7504
CB2 8PNSedley Taylor RoadCambridge£2,206,2504
CB2 9HBGazeley RoadTrumpington£2,070,5094
CB2 1HPPanton StreetCambridge£2,063,1754

Least Expensive Streets in Cambridge

PostcodeStreetAreaAverageNo. of Sales
CB4 2JYHavenfieldArbury Road£107,40615
CB4 2XDPagram WayCambridge£121,3756
CB4 2EYChieftain WayCambridge£122,3005
CB4 2FZEngledow DriveCambridge£134,2506
CB1 3QQCorrie RoadCambridge£149,5004
CB4 1JTMayflower HouseManhattan Drive£154,1666
CB2 9STSalisbury PlaceMonkswell£157,9005
CB4 1TTHaig CourtCambridge£168,03315
CB1 3PEMillcroft CourtMill Road£168,50010
CB4 1GXAlder CourtUnion Lane£170,5628

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