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Newmarket House Prices Newmarket House Prices

The average house price in Newmarket is £317,200 using HM Land Registry data.

The average property price increased by £76,504 (28.17%) over the last 5 years and increased by £15,329 (4.61%) over the last 12 months.

Over the last year, there were 209 residential property sales – a decrease of 64 transactions (-30.62%) relative to the previous year. The majority of house sales (62) were in the £230,000 - £300,000 range. Then came properties in the £160,000 - £230,000 range, where 40 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 132 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,494 (-3%).

In Dec 24, there were 12 new estate agency instructions, 29 agreed home sales and 12 property price reductions.

Postcodes Covered: CB8

5-Year Average Property Prices in Newmarket

28.17%

Property prices in Newmarket increased by 28.17% 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

4.61%

Property prices in Newmarket increased by 4.61% 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 - 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 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
51 Exning Road, Newmarket, Suffolk, CB8 0EA£315,000£307,500-£7,50025 Jun 202415 Nov 2024143 Days
396 Aureole Walk, Studlands Park, Newmarket, Suffolk, CB8 7AZ£210,000£205,000-£5,00008 May 202404 Nov 2024180 Days
45a, Woodditton Road, Newmarket, Cambridgeshire, CB8 9BQ£349,000£349,000£0003 Jun 202431 Oct 2024150 Days
73 St Philips Road, Newmarket, Suffolk, CB8 0ES£280,000£276,000-£4,00016 May 202428 Oct 2024165 Days
21 Cardigan Street, Newmarket, Suffolk, CB8 8HZ£845,000£775,000-£70,00029 Apr 202425 Oct 2024179 Days
2 Mill Reef, Newmarket, Suffolk, CB8 7FB£699,950£680,000-£19,95011 Jul 202319 Aug 2024405 Days
15 Lester Piggott Way, Newmarket, Suffolk, CB8 0BJ£270,000£268,000-£2,00022 Mar 202412 Aug 2024143 Days
50 Meadow Lane, Newmarket, Cambridgeshire, CB8 8FZ£120,000£120,000£0005 Apr 202405 Aug 2024122 Days
31 Lowther Street, Newmarket, Suffolk, CB8 0JS£265,000£265,000£0004 Jan 202402 Aug 2024211 Days
246 Parkers Walk, Newmarket, Suffolk, CB8 7AS£210,000£204,500-£5,50005 Oct 202326 Jul 2024295 Days
80 St Philips Road, Newmarket, Suffolk, CB8 0EN£250,000£235,000-£15,00019 Oct 202315 Jul 2024270 Days
17 Trinity Drive, Newmarket, Cambridgeshire, CB8 8BJ£350,000£339,000-£11,00024 Feb 202421 Jun 2024118 Days
16 Meridian Gardens, Newmarket, Suffolk, CB8 7FD£415,000£350,000-£65,00015 Nov 201712 Jun 20242401 Days
2 Brazilian Terrace, Newmarket, Suffolk, CB8 0JU£299,950£280,000-£19,95009 Apr 202410 Jun 202462 Days
76 Churchill Avenue, Newmarket, Suffolk, CB8 0BY£440,000£433,000-£7,00002 Jan 202407 Jun 2024157 Days
30 Lowther Street, Newmarket, Suffolk, CB8 0JS£260,000£260,000£0026 Feb 202406 Jun 2024101 Days
8 Rowley Drive, Newmarket, Suffolk, CB8 0NH£350,000£340,000-£10,00016 Feb 202405 Jun 2024110 Days
92 St Philips Road, Newmarket, Suffolk, CB8 0EN£270,000£260,000-£10,00016 Jan 202404 Jun 2024140 Days
181 Pinza Close, Newmarket, Suffolk, CB8 7AR£225,000£225,000£0001 Mar 202431 May 202491 Days
52 Persimmon Walk, Newmarket, Suffolk, CB8 7BJ£225,000£220,000-£5,00002 Jan 202429 May 2024148 Days

Most Expensive Streets in Newmarket

PostcodeStreetAreaAverageNo. of Sales
CB8 7BTBury RoadNewmarket£973,6059
CB8 9DTRobin HatchNewmarket£861,6503
CB8 7DPSnailwell RoadNewmarket£679,1663
CB8 7BYBury RoadNewmarket£568,3333
CB8 9AAThe AvenueNewmarket£562,6005
CB8 8DAAshley RoadNewmarket£557,5559
CB8 8APCentre DriveNewmarket£556,7147
CB8 0NYHamilton RoadNewmarket£552,1663
CB8 9BQWoodditton RoadNewmarket£542,8336
CB8 0NQHamilton RoadNewmarket£533,7504

Least Expensive Streets in Newmarket

PostcodeStreetAreaAverageNo. of Sales
CB8 8GJGreen RoadNewmarket£87,9005
CB8 9AFBlack Bear CourtHigh Street, Newmarket£117,3333
CB8 0BGGeorge Lambton AvenueNewmarket£138,1005
CB8 0BXGreville Starkey AvenueNewmarket£140,2504
CB8 8AYHillsideNewmarket£141,15313
CB8 0BTScaltback CloseNewmarket£162,5857
CB8 0PYWindsor RoadNewmarket£168,6389
CB8 0SAEngelhard RoadNewmarket£170,0003
CB8 8HEGranby StreetNewmarket£185,8333
CB8 0GWFerneley CrescentNewmarket£187,9163

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