House Prices in Bakewell, Derbyshire

# Bakewell Property Market Summary

Bakewell's property market demonstrates a distinctive upward trajectory over recent years, with average transaction prices climbing from £408,814 in 2016 to peak at £544,078 in 2022 – representing a 33% increase over this period. The market has since experienced a correction, with prices moderating to £467,112 in 2024 and £403,688 in early 2025, bringing valuations closer to 2016-2017 levels. This recent softening suggests the market may be recalibrating after the significant gains made during the pandemic years. The overall property stock of 2,553 homes and consistent annual sales volumes (typically 110-150 transactions) indicate a relatively active market for this Peak District town.

Bakewell's appeal lies in its position as the only town within the Peak District National Park, combining picturesque setting with practical amenities. The substantial jump in prices between 2019 (£488,710) and 2022 (£544,078) reflects the heightened demand for rural and semi-rural locations following the pandemic, as buyers sought lifestyle changes and more space. The current average price of £291,892 across all properties masks the higher transaction values typically seen for individual sales, suggesting a diverse housing stock ranging from flats to larger family homes and period properties that characterise this historic market town.

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*Note: The overall average price of £291,892 differs from yearly transaction averages, likely reflecting the full range of property types and values across Bakewell's complete housing stock, including lower-value properties not recently transacted.*