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You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in March

March House Prices March House Prices

The average house price in March is £228,291 using HM Land Registry data.

The average property price increased by £53,285 (25.8%) over the last 5 years and increased by £10,650 (4.27%) over the last 12 months.

Over the last year, there were 241 residential property sales – a decrease of 177 transactions (-73.44%) relative to the previous year. The majority of house sales (57) were in the £184,000 - £228,000 range. Then came properties in the £228,000 - £272,000 range, where 57 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 72 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,567 (-3%).

In April 2024, there were 66 new estate agency instructions, 35 agreed home sales and 57 property price reductions.

Postcodes Covered: PE15

5-Year Average Property Prices in March

25.8%

Property prices in March increased by 25.8% 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 March Over the Last Year

4.27%

Property prices in March increased by 4.27% 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 March - 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 March

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 March

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 March

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 March since 1995

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

Recent Property Sales in March

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
29 Landau Way, March, Cambridgeshire, PE15 8YB£240,000£235,000-£5,00008 Sep 202321 Mar 2024195 Days
4 Burn Street, March, Cambridgeshire, PE15 8LU£220,000£205,000-£15,00012 Jan 202420 Mar 202468 Days
189 Cavalry Park, March, Cambridgeshire, PE15 9DL£150,000£150,000£0001 Nov 202308 Mar 2024128 Days
28 Elwyn Court, March, Cambridgeshire, PE15 9BZ£220,000£215,000-£5,00025 Oct 202323 Feb 2024121 Days
81 Elwyn Road, March, Cambridgeshire, PE15 9DB£160,000£145,000-£15,00026 Jun 202331 Jan 2024219 Days
70 Norwood Road, March, Cambridgeshire, PE15 8QQ£80,000£70,600-£9,40024 Oct 202326 Jan 202494 Days
35 Robingoodfellows Lane, March, Cambridgeshire, PE15 8JB£180,000£180,000£0018 Jul 202325 Jan 2024191 Days
21 New Park, March, Cambridgeshire, PE15 8RT£175,000£175,000£0019 Sep 202315 Jan 2024118 Days
192 Station Road, March, Cambridgeshire, PE15 8SQ£290,000£282,500-£7,50013 Sep 202315 Jan 2024124 Days
9 Richmond Avenue, March, Cambridgeshire, PE15 9RW£350,000£320,000-£30,00003 Jan 202312 Jan 2024374 Days
45 Ellingham Avenue, March, Cambridgeshire, PE15 9TF£200,000£185,000-£15,00001 Oct 202105 Jan 2024826 Days
23 Breton Avenue, March, Cambridgeshire, PE15 9EY£230,000£225,000-£5,00016 Oct 202320 Dec 202365 Days
8 Poplar Close, March, Cambridgeshire, PE15 8EE£220,000£215,000-£5,00007 Nov 202320 Dec 202343 Days
16 Swanton Close, March, Cambridgeshire, PE15 8SS£190,000£187,000-£3,00014 Sep 202313 Dec 202390 Days
9 Waveney Drive, March, Cambridgeshire, PE15 8DY£280,000£272,500-£7,50003 Jul 202313 Dec 2023163 Days
11a, Burrowmoor Road, March, Cambridgeshire, PE15 9RP£190,000£190,000£0031 Jul 202308 Dec 2023130 Days
83 Creek Road, March, Cambridgeshire, PE15 8RE£165,000£160,000-£5,00004 Aug 202328 Nov 2023116 Days
315 Norwood Road, March, Cambridgeshire, PE15 8JN£200,000£200,000£0028 Mar 202327 Nov 2023244 Days
48 Mallard Way, March, Cambridgeshire, PE15 9HT£260,000£250,000-£10,00012 Jul 202322 Nov 2023133 Days
22 Gordon Avenue, March, Cambridgeshire, PE15 8AJ£265,000£260,000-£5,00001 Jun 202320 Nov 2023172 Days

Most Expensive Streets in March

PostcodeStreetAreaAverageNo. of Sales
PE15 9QBMill Hill LaneMarch£491,5005
PE15 0BQChurch GardensWestry£475,0003
PE15 9PRThe AvenueMarch£433,2147
PE15 9BJThe WalnutsMarch£431,0003
PE15 9DAElwyn RoadMarch£427,8336
PE15 9USPark View EastMarch£393,3333
PE15 9BYElwyn RoadMarch£391,0005
PE15 9UNPark View WestMarch£378,1663
PE15 9UJOxbow CrescentMarch£373,7504
PE15 9PSThe AvenueMarch£359,4166

Least Expensive Streets in March

PostcodeStreetAreaAverageNo. of Sales
PE15 8NFJim Hocking CourtStation Road£90,7147
PE15 9TJHussars CourtMarch£97,06811
PE15 8NYThe JunctionMarch£111,8005
PE15 8NUNorfolk CourtStation Road£114,7857
PE15 8JYHansart CourtRobingoodfellows Lane£114,9005
PE15 9PDCamargue DriveMarch£122,3758
PE15 9RARiverbank CloseMarch£129,1663
PE15 8RLSt Johns ChaseMarch£131,33312
PE15 8FLLake CloseMarch£138,8333
PE15 9NWKelsey WayMarch£146,6663

Explore March and Neighbouring Area House Prices

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