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Ely House Prices Ely House Prices

The average house price in Ely is £440,312 using HM Land Registry data.

The average property price increased by £56,688 (16.84%) over the last 5 years and increased by £11,330 (2.97%) over the last 12 months.

Over the last year, there were 232 residential property sales – a decrease of 182 transactions (-78.45%) relative to the previous year. The majority of house sales (57) were in the £360,000 - £430,000 range. Then came properties in the £290,000 - £360,000 range, where 50 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 80 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,944 (-1%).

In April 2024, there were 43 new estate agency instructions, 24 agreed home sales and 16 property price reductions.

Postcodes Covered: CB6, CB7

5-Year Average Property Prices in Ely

16.84%

Property prices in Ely increased by 16.84% 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

2.97%

Property prices in Ely increased by 2.97% 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 - 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 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
5 James Essex Drive, Ely, Cambridgeshire, CB6 1BX£385,000£382,000-£3,00029 Sep 202315 Mar 2024168 Days
32 St Ovins Green, Ely, Cambridgeshire, CB6 3AP£429,000£429,000£0023 Oct 202313 Mar 2024142 Days
60 Rosehip Chase, Ely, Cambridgeshire, CB6 2FW£499,950£480,000-£19,95023 Oct 202312 Mar 2024141 Days
6 Briar Grove, Ely, Cambridgeshire, CB6 3EU£550,000£550,000£0003 Nov 202312 Mar 2024130 Days
80a, Dunstan Street, Ely, Cambridgeshire, CB6 3AQ£305,000£290,000-£15,00011 Nov 202301 Mar 2024111 Days
34 Cardinals Way, Ely, Cambridgeshire, CB7 4GB£225,000£225,000£0020 Oct 202302 Feb 2024105 Days
3 Houghton Gardens, Ely, Cambridgeshire, CB7 4JN£795,000£780,000-£15,00013 Jul 202325 Jan 2024196 Days
85 Dunstan Street, Ely, Cambridgeshire, CB6 3BA£435,000£435,000£0007 Jun 202325 Jan 2024232 Days
11 Ravens Court, Ely, Cambridgeshire, CB6 3ED£385,000£380,000-£5,00009 Oct 202312 Jan 202495 Days
61 Collier Close, Ely, Cambridgeshire, CB6 3WQ£695,000£680,000-£15,00001 Aug 202320 Dec 2023141 Days
20 Chapel Street, Ely, Cambridgeshire, CB6 1AD£429,950£410,000-£19,95003 Jul 202315 Dec 2023165 Days
3 Victoria Street, Ely, Cambridgeshire, CB7 4BL£309,950£300,000-£9,95026 Oct 202314 Dec 202349 Days
86 Lynn Road, Ely, Cambridgeshire, CB6 1DE£265,000£263,000-£2,00010 Aug 202314 Dec 2023126 Days
10 The Medway, Ely, Cambridgeshire, CB6 2WU£525,000£518,000-£7,00020 Jul 202308 Dec 2023141 Days
106 Morton Close, Ely, Cambridgeshire, CB7 4FE£335,000£335,000£0024 Aug 202330 Nov 202398 Days
82 Brooke Grove, Ely, Cambridgeshire, CB6 3WU£340,000£314,000-£26,00004 Aug 202330 Nov 2023118 Days
41 Gateway Gardens, Ely, Cambridgeshire, CB6 3DE£389,950£380,000-£9,95015 Sep 202324 Nov 202370 Days
8 St Catherines, Ely, Cambridgeshire, CB6 1AP£550,000£550,000£0006 Jun 202323 Nov 2023170 Days
28 Potters Lane, Ely, Cambridgeshire, CB7 4BX£450,000£425,000-£25,00031 Mar 202317 Nov 2023231 Days
3 Alexander Chase, Ely, Cambridgeshire, CB6 3SN£650,000£650,000£0026 Sep 202317 Nov 202352 Days

Most Expensive Streets in Ely

PostcodeStreetAreaAverageNo. of Sales
CB7 4JGChurch LaneEly£745,0003
CB7 4HXCambridge RoadEly£697,6666
CB6 1AEEgremont StreetEly£681,5449
CB7 4AUWatersideEly£645,48411
CB7 4BUCastlehytheEly£641,6663
CB7 4DEBarton RoadEly£633,5003
CB7 4HLCambridge RoadEly£631,6663
CB7 4DABack HillEly£628,3163
CB7 4JNHoughton GardensEly£624,4184
CB6 3WQCollier CloseEly£601,3333

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
CB7 4TRHolly WalkEly£160,9905
CB6 3EYPasture GroveEly£163,8505
CB7 4RLRamsey RoadEly£170,8577
CB7 4SDPage CourtEly£171,6663
CB7 4SFLarkfield RoadEly£175,3333
CB6 3ALWalsingham WayEly£177,3333

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