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Ely House Prices Ely House Prices

The average house price in Ely is £361,102 using HM Land Registry data.

The average property price increased by £45,980 (13.18%) over the last 5 years and increased by £9,213 (2.39%) over the last 12 months.

Over the last year, there were 222 residential property sales – a decrease of 142 transactions (-63.96%) relative to the previous year. The majority of house sales (57) were in the £358,000 - £422,000 range. Then came properties in the £294,000 - £358,000 range, where 46 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 107 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,408 (-2%).

In Dec 24, there were 24 new estate agency instructions, 28 agreed home sales and 11 property price reductions.

Postcodes Covered: CB6, CB7

5-Year Average Property Prices in Ely

13.18%

Property prices in Ely increased by 13.18% 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 Ely Over the Last Year

2.39%

Property prices in Ely increased by 2.39% 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 Ely - Dec 24

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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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 Ely

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 Ely

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 Ely

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 Ely since 1995

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

Recent Property Sales in Ely

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
53 Gateway Gardens, Ely, Cambridgeshire, CB6 3DE£445,000£445,000£0008 May 202429 Nov 2024205 Days
79 Cambridge Road, Ely, Cambridgeshire, CB7 4HX£425,000£417,500-£7,50029 Jun 202422 Nov 2024146 Days
17 Hertford Close, Ely, Cambridgeshire, CB6 3QS£525,000£520,000-£5,00007 May 202419 Nov 2024196 Days
26 Briar Grove, Ely, Cambridgeshire, CB6 3EU£365,000£350,000-£15,00018 Jun 202415 Nov 2024150 Days
2 Vineyard Way, Ely, Cambridgeshire, CB7 4QQ£525,000£520,000-£5,00001 Jun 202408 Nov 2024160 Days
2 King Edgar Close, Ely, Cambridgeshire, CB6 1DP£437,500£437,500£0005 Jun 202429 Oct 2024146 Days
2 Abbot Thurston Avenue, Ely, Cambridgeshire, CB6 1BP£285,000£285,000£0008 Jul 202429 Oct 2024113 Days
12 Teasel Drive, Ely, Cambridgeshire, CB6 3WJ£480,000£465,000-£15,00008 May 202428 Oct 2024173 Days
56 Gateway Gardens, Ely, Cambridgeshire, CB6 3DE£460,000£450,000-£10,00009 Jul 202425 Oct 2024108 Days
11 Lisle Lane, Ely, Cambridgeshire, CB7 4AS£350,000£330,000-£20,00017 May 202423 Oct 2024159 Days
21 James Essex Drive, Ely, Cambridgeshire, CB6 1BX£535,000£250,000-£285,00027 Jan 202423 Aug 2024209 Days
1 Kingsley Walk, Ely, Cambridgeshire, CB6 3BZ£530,000£525,000-£5,00026 Apr 202412 Aug 2024108 Days
59 Longfields, Ely, Cambridgeshire, CB6 3DN£385,000£382,000-£3,00016 Apr 202412 Aug 2024118 Days
33 Henley Way, Ely, Cambridgeshire, CB7 4YH£369,950£369,950£0011 Mar 202408 Aug 2024150 Days
26 Abbot Thurston Avenue, Ely, Cambridgeshire, CB6 1BP£350,000£342,000-£8,00009 May 202408 Aug 202491 Days
19 Cambridgeshire Close, Ely, Cambridgeshire, CB6 3BX£350,000£340,000-£10,00028 Sep 202329 Jul 2024305 Days
7 Cardinals Way, Ely, Cambridgeshire, CB7 4GF£435,000£430,400-£4,60007 May 202426 Jul 202480 Days
26 Nutholt Lane, Ely, Cambridgeshire, CB7 4PL£275,000£270,000-£5,00007 Mar 202423 Jul 2024138 Days
171 New Barns Avenue, Ely, Cambridgeshire, CB7 4RE£230,000£230,000£0003 Jan 202418 Jul 2024197 Days
1 Carey Close, Ely, Cambridgeshire, CB7 4QX£360,000£345,000-£15,00025 Jan 202408 Jul 2024165 Days

Most Expensive Streets in Ely

PostcodeStreetAreaAverageNo. of Sales
CB7 4HXCambridge RoadEly£751,5717
CB7 4JGChurch LaneEly£745,0003
CB6 1DJLynton CloseEly£688,6663
CB6 1AEEgremont StreetEly£685,4339
CB7 4JNHoughton GardensEly£674,2253
CB6 3WQCollier CloseEly£665,0003
CB7 4AUWatersideEly£610,03210
CB6 1DALynn RoadEly£600,0624
CB6 3DYDownham RoadEly£600,0004
CB7 4HLCambridge RoadEly£591,2504

Least Expensive Streets in Ely

PostcodeStreetAreaAverageNo. of Sales
CB7 4GDClaywayEly£103,0005
CB6 1QXSheriffs GardensEly£150,0004
CB7 4PQNewnham StreetEly£152,0005
CB6 3AJAbbots WayEly£158,2504
CB6 3EYPasture GroveEly£165,7086
CB7 4TRHolly WalkEly£167,4874
CB7 4JSRoswell ViewEly£169,1663
CB7 4SDPage CourtEly£171,6663
CB7 4RLRamsey RoadEly£173,2498
CB7 4SFLarkfield RoadEly£176,2504

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