House Prices in Narberth, Pembrokeshire

# Narberth Property Market Summary

Narberth's property market has experienced substantial growth over the past decade, with average prices rising from £227,179 in 2016 to £318,558 in early 2025. The market showed particularly strong momentum during the pandemic period, with prices climbing from £279,096 in 2020 to a peak of £374,624 in 2022 – a remarkable 65% increase over six years. More recently, the market has moderated somewhat, with 2023 and 2024 showing a cooling from the 2022 peak, though prices remain significantly elevated compared to pre-pandemic levels.

Based on 2,204 properties tracked with an overall average price of £190,324, Narberth demonstrates the characteristics of an established market that has benefited from increased demand for properties in attractive Welsh market towns. Transaction volumes peaked in 2018 with 240 sales, but have since declined to 60 sales in the first months of 2025, reflecting broader market conditions of reduced turnover. The town's appeal likely stems from its reputation as a cultural hub in Pembrokeshire, offering both lifestyle appeal and relative affordability compared to larger urban centres, whilst maintaining strong connectivity to the wider county.

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*Note: Overall average price of £190,324 differs from recent annual averages, likely reflecting the inclusion of smaller properties or flats in the broader dataset.*