House Prices in Oakham, Rutland

# Oakham Property Market Summary

Oakham, the county town of Rutland, has experienced significant property market growth over recent years, with average prices rising from £324,079 in 2017 to £533,691 in early 2025 – representing a substantial 65% increase over the period. The market has shown particular strength since 2020, with prices climbing steadily through the pandemic period and beyond, peaking at £493,197 in 2022 before fluctuating between £450,000-£535,000 in recent years. The current overall average price of £256,301 across the 10,199 properties reflects the area's diverse housing stock, from period cottages to modern developments.

Transaction volumes have varied considerably, with peak activity in 2017-2019 (around 600-650 sales annually) before dropping during the pandemic to 376 sales in 2020. The market has remained relatively active since, though 2023 saw a notable decline to 320 transactions, likely reflecting broader economic headwinds and higher interest rates. What makes Oakham particularly notable is its position as Britain's smallest county town, offering an attractive market town lifestyle with good transport links to Leicester, Peterborough, and beyond, whilst maintaining a strong sense of community and access to excellent schools, which continues to drive demand in this desirable East Midlands location.