House Prices in Ely, Cambridgeshire

# Ely Property Market Summary

Ely's property market demonstrates remarkable resilience and sustained growth, with average prices rising from £339,407 in 2017 to £378,127 in 2025 (early data). The market peaked in 2023 at £381,011, representing a 12% increase over the six-year period. Notably, the market experienced its strongest growth during the pandemic years, with 2020 showing a significant jump to £395,611. Transaction volumes have been robust, particularly during 2021-2022 when sales exceeded 1,400 annually, reflecting strong buyer confidence in this historic cathedral city.

The current average property price of £211,982 across 21,001 properties suggests a diverse housing stock, with this lower figure likely representing the overall area including more affordable properties beyond the immediate city centre. Recent years show price stabilisation around the £370,000-£380,000 mark, indicating a mature market finding its natural level after post-pandemic volatility. Ely's appeal stems from its excellent rail connections to London and Cambridge, its rich architectural heritage centred around the famous cathedral, and its position as a market town offering both urban amenities and access to the surrounding Fenland countryside. This combination of connectivity, character, and quality of life continues to underpin steady demand in the local property market.