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Newmarket House Prices Newmarket House Prices

The average house price in Newmarket is £258,100 using HM Land Registry data.

The average property price increased by £71,738 (27.02%) over the last 5 years and increased by £14,337 (4.44%) over the last 12 months.

Over the last year, there were 191 residential property sales – a decrease of 169 transactions (-88.48%) relative to the previous year. The majority of house sales (73) were in the £228,000 - £296,000 range. Then came properties in the £160,000 - £228,000 range, where 36 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 58 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,707 (-1%).

In April 2024, there were 64 new estate agency instructions, 38 agreed home sales and 27 property price reductions.

Postcodes Covered: CB8

5-Year Average Property Prices in Newmarket

27.02%

Property prices in Newmarket increased by 27.02% 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 Newmarket Over the Last Year

4.44%

Property prices in Newmarket increased by 4.44% 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 Newmarket - 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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 Newmarket

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 Newmarket

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 Newmarket

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 Newmarket since 1995

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

Recent Property Sales in Newmarket

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
48 King Edward Vii Road, Newmarket, Suffolk, CB8 0EU£395,000£390,000-£5,00013 Jul 202323 Feb 2024225 Days
2 Ditton Close, Newmarket, Cambridgeshire, CB8 8XE£650,000£625,000-£25,00021 Jun 202329 Jan 2024222 Days
18 Bury Road, Newmarket, Suffolk, CB8 7BT£1,300,000£250,000-£1,050,00020 Sep 201810 Jan 20241938 Days
97 Barry Lynham Drive, Newmarket, Suffolk, CB8 8YT£399,950£390,000-£9,95021 Jul 202319 Dec 2023151 Days
18 Doris Street, Newmarket, Suffolk, CB8 0LD£299,995£295,000-£4,99518 Jul 202315 Dec 2023150 Days
1 Leaders Way, Newmarket, Suffolk, CB8 0DP£295,000£290,000-£5,00003 Jul 202308 Dec 2023158 Days
25 Edinburgh Road, Newmarket, Suffolk, CB8 0QE£425,000£408,000-£17,00005 Jun 202303 Nov 2023151 Days
15 Fielden Way, Newmarket, Suffolk, CB8 0BS£265,000£265,000£0004 Aug 202301 Nov 202389 Days
188 Tulyar Walk, Newmarket, Suffolk, CB8 7AX£260,000£260,000£0030 May 202327 Oct 2023150 Days
149 Manderston Road, Newmarket, Suffolk, CB8 0NS£425,000£411,000-£14,00020 Jun 202319 Oct 2023121 Days
3 Girton Close, Newmarket, Cambridgeshire, CB8 8DQ£565,000£565,000£0015 Jun 202312 Oct 2023119 Days
36 Malt Close, Newmarket, Suffolk, CB8 8GP£275,000£270,000-£5,00024 May 202306 Oct 2023135 Days
7 Stirling Gardens, Newmarket, Suffolk, CB8 0ER£240,000£230,000-£10,00001 Mar 202303 Oct 2023216 Days
17 Park Lane, Newmarket, Suffolk, CB8 8AX£325,000£310,000-£15,00020 Feb 202315 Sep 2023207 Days
11 Armstrong Close, Newmarket, Suffolk, CB8 8HD£585,000£510,000-£75,00005 Oct 202212 Sep 2023342 Days
51 Field Terrace Road, Newmarket, Suffolk, CB8 0AD£230,000£216,000-£14,00014 Mar 202308 Sep 2023178 Days
38 Meadow Lane, Newmarket, Cambridgeshire, CB8 8FZ£112,500£112,500£0017 May 202325 Aug 2023100 Days
24 St Philips Road, Newmarket, Suffolk, CB8 0EN£235,000£235,000£0016 May 202324 Aug 2023100 Days
320 Hethersett Close, Newmarket, Suffolk, CB8 7BA£250,000£245,000-£5,00028 Apr 202304 Aug 202398 Days
76 St Philips Road, Newmarket, Suffolk, CB8 0EN£270,000£257,500-£12,50006 Jan 202303 Aug 2023209 Days

Most Expensive Streets in Newmarket

PostcodeStreetAreaAverageNo. of Sales
CB8 7YPBalaton PlaceNewmarket£1,531,6663
CB8 9DTRobin HatchNewmarket£861,6503
CB8 7BTBury RoadNewmarket£820,3068
CB8 7DPSnailwell RoadNewmarket£679,1663
CB8 9BBStation ApproachNewmarket£625,0003
CB8 0NYHamilton RoadNewmarket£572,5005
CB8 7BYBury RoadNewmarket£568,3333
CB8 9AAThe AvenueNewmarket£562,6005
CB8 9BQWoodditton RoadNewmarket£551,4005
CB8 8AGDuchess DriveNewmarket£536,1666

Least Expensive Streets in Newmarket

PostcodeStreetAreaAverageNo. of Sales
CB8 8GJGreen RoadNewmarket£94,3754
CB8 9AFBlack Bear CourtHigh Street, Newmarket£117,3333
CB8 0GQSkeaping CloseNewmarket£131,9163
CB8 0BGGeorge Lambton AvenueNewmarket£138,2506
CB8 0BXGreville Starkey AvenueNewmarket£140,2504
CB8 8AYHillsideNewmarket£140,65313
CB8 0HNArlington CourtChurch Lane£144,5003
CB8 0SAEngelhard RoadNewmarket£148,5005
CB8 0DRCarson WalkNewmarket£153,1254
CB8 0BTScaltback CloseNewmarket£162,5857

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