House Prices in Cambridge, Cambridgeshire

# Cambridge Property Market Summary

Cambridge's property market demonstrates the characteristics of a prestigious university city, with an impressive portfolio of 74,612 properties and a current average price of £339,529. The market has shown considerable resilience over recent years, with prices climbing from approximately £613,000 in 2017 to peak at nearly £697,000 in 2022. This sustained growth reflects Cambridge's enduring appeal, driven by its world-renowned university, thriving science and technology sectors, and excellent transport links to London. However, the market has experienced notable cooling since 2022, with average prices declining to around £585,000 in 2024, likely reflecting broader economic pressures including rising interest rates.

Transaction volumes have remained relatively robust, averaging between 3,200 and 4,500 sales annually from 2017 to 2024, suggesting sustained demand despite price fluctuations. The partial 2025 data indicates continued market activity, though volumes remain modest at this early stage. Cambridge's property market continues to attract buyers seeking its unique combination of academic excellence, employment opportunities in the biotech and tech clusters, and cultural amenities. Whilst recent price corrections have made the market more accessible than at its 2022 peak, Cambridge remains a premium location commanding prices well above many regional markets, reflecting its status as one of the UK's most desirable cities.