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Soham House Prices Soham House Prices

The average house price in Soham is £465,000 using HM Land Registry data.

The average property price increased by £37,651 (15.03%) over the last 5 years and increased by £7,525 (2.68%) over the last 12 months.

Over the last year, there were 82 residential property sales – a decrease of 60 transactions (-73.17%) relative to the previous year. The majority of house sales (19) were in the £222,000 - £284,000 range. Then came properties in the £160,000 - £222,000 range, where 16 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 £-7,430 (-2%).

In April 2024, there were 23 new estate agency instructions, 10 agreed home sales and 10 property price reductions.

Postcodes Covered: CB7

5-Year Average Property Prices in Soham

15.03%

Property prices in Soham increased by 15.03% 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 Soham Over the Last Year

2.68%

Property prices in Soham increased by 2.68% 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 Soham - 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 Soham

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 Soham

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 Soham

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 Soham since 1995

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

Recent Property Sales in Soham

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
29 Avocet Grove, Soham, Ely, Cambridgeshire, CB7 5GN£385,000£375,000-£10,00011 Sep 202325 Jan 2024136 Days
10 Qua Fen Common, Soham, Ely, Cambridgeshire, CB7 5DH£190,000£175,000-£15,00026 Jul 202324 Nov 2023121 Days
124 Mereside, Soham, Ely, Cambridgeshire, CB7 5EG£670,000£635,000-£35,00009 May 202310 Nov 2023185 Days
7 Cedar Court, Soham, Ely, Cambridgeshire, CB7 5FL£155,000£155,000£0016 Mar 202313 Oct 2023211 Days
2 The Butts, Soham, Ely, Cambridgeshire, CB7 5AN£389,000£333,000-£56,00003 Nov 202229 Sep 2023330 Days
7 Guntons Close, Soham, Ely, Cambridgeshire, CB7 5DJ£300,000£300,000£0015 May 202321 Sep 2023129 Days
12 Guntons Close, Soham, Ely, Cambridgeshire, CB7 5DN£235,000£222,000-£13,00005 Apr 202304 Aug 2023121 Days
18 Guntons Close, Soham, Ely, Cambridgeshire, CB7 5DN£235,000£230,000-£5,00009 Feb 202331 Jul 2023172 Days
10 Cornwell Close, Soham, Ely, Cambridgeshire, CB7 5GX£115,000£115,000£0026 Dec 202213 Jul 2023199 Days
22 Rosebay Gardens, Soham, Ely, Cambridgeshire, CB7 5YU£210,000£210,000£0014 Jan 202330 Jun 2023167 Days
18 Bancroft Lane, Soham, Ely, Cambridgeshire, CB7 5DG£510,000£490,000-£20,00013 Feb 202326 Jun 2023133 Days
22 Churchgate Street, Soham, Ely, Cambridgeshire, CB7 5DS£250,000£200,000-£50,00029 Nov 202217 May 2023169 Days
1 Cedar Court, Soham, Ely, Cambridgeshire, CB7 5FL£125,000£125,000£0027 Sep 202220 Apr 2023205 Days
47 Nightall Road, Soham, Ely, Cambridgeshire, CB7 5FE£250,000£245,000-£5,00005 Jul 202224 Mar 2023262 Days
8 Heron Croft, Soham, Ely, Cambridgeshire, CB7 5UT£250,000£250,000£0029 Dec 202221 Mar 202382 Days
9 Adelaide Close, Soham, Ely, Cambridgeshire, CB7 5FJ£475,000£450,000-£25,00006 Oct 202208 Mar 2023153 Days
101 Kingfisher Drive, Soham, Ely, Cambridgeshire, CB7 5GP£400,000£400,000£0015 Jun 202210 Feb 2023240 Days
108 West Drive Gardens, Soham, Ely, Cambridgeshire, CB7 5EX£199,500£181,000-£18,50024 May 202203 Feb 2023255 Days
23a, Brewhouse Lane, Soham, Ely, Cambridgeshire, CB7 5JD£430,000£430,000£0020 Sep 202201 Feb 2023134 Days
99 Blackthorn Court, Soham, Ely, Cambridgeshire, CB7 5DT£310,000£300,000-£10,00017 Oct 202230 Jan 2023105 Days

Most Expensive Streets in Soham

PostcodeStreetAreaAverageNo. of Sales
CB7 5ELBroad PieceSoham£405,7504
CB7 5AHFordham RoadSoham£405,3729
CB7 5ZQAspen WaySoham£403,0005
CB7 5DBTownsendSoham£398,0003
CB7 5HTMill CornerSoham£383,7504
CB7 5BJTen Bell LaneSoham£376,5995
CB7 5DQQua Fen CommonSoham£372,3333
CB7 5AWThe ButtsSoham£371,9005
CB7 5DGBancroft LaneSoham£367,0005
CB7 5JDBrewhouse LaneSoham£355,0005

Least Expensive Streets in Soham

PostcodeStreetAreaAverageNo. of Sales
CB7 5FLCedar CourtSoham£124,2506
CB7 5ZGMarket Street MewsSoham£144,1663
CB7 5YTHoneysuckle CloseSoham£149,6663
CB7 5HZBrook Dam LaneSoham£153,7504
CB7 5JWStaploe MewsSoham£156,7504
CB7 5YYPrimrose LaneSoham£165,7504
CB7 5DRChurchgate StreetSoham£173,7005
CB7 5EXWest Drive GardensSoham£180,0004
CB7 5UTHeron CroftSoham£186,3577
CB7 5YURosebay GardensSoham£188,2005

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