# Penrith Property Market Summary
Penrith's property market demonstrates steady upward momentum, with average prices rising from £258,749 in 2017 to £315,589 in 2025 (year-to-date) – representing approximately 22% growth over this period. The market experienced particularly strong appreciation during the pandemic years, with prices jumping from £298,532 in 2020 to £311,905 in 2021, and reaching a notable peak of £364,363 in 2023. The overall average price of £200,626 across nearly 12,000 properties reflects the town's mix of historic and newer housing stock, offering accessibility compared to many UK markets whilst maintaining consistent value growth.
Transaction volumes have remained robust, typically ranging between 700-900 sales annually, indicating a healthy and active market. The area's appeal lies in its position as the gateway to the Lake District, combining market town amenities with access to outstanding natural scenery. This Cumbrian hub attracts a diverse buyer profile, from those seeking rural lifestyles to retirees and outdoor enthusiasts, whilst maintaining strong fundamentals as a regional service centre. The relatively stable sales activity even through economic fluctuations suggests sustained demand and market resilience in this historically significant Eden Valley location.
The average house price in Penrith, Cumbria is £200,626. Prices range from £300 to £13,438,000.
There are 11,976 properties in Penrith with 14,645 recorded transactions since 1995.
The median house price in Penrith is £155,000, compared to an average of £200,626.
Penrith has 4,552 detached properties, 3,362 semi-detached properties, 2,568 terraced properties, 917 flat / maisonette properties.
Average house prices in Penrith have risen by 521.5% from £63,552 in 1995 to £395,000 in 2026.
The most popular streets in Penrith by number of properties include Primrose Drive, Centurion Rise, Graham Street, Wordsworth Street, Roper Street.
Penrith is located in Cumbria, in the Eden district.