House Prices in Peterborough, City Of Peterborough

# Peterborough Property Market Summary

Peterborough's property market demonstrates notable accessibility, with an average property price of £182,898 across 78,203 properties – significantly below the national average. This cathedral city continues to attract buyers seeking affordability within commuting distance of London, though the market has experienced considerable volatility in recent years. The substantial property stock reflects Peterborough's ongoing development as a key growth area in the East of England.

Price trends reveal an upward trajectory from £303,473 in 2017 to a peak of £371,907 in 2023, representing growth of over 22% during this period. However, the market has cooled notably since then, with average prices declining to £321,539 in 2024 and £315,389 in early 2025. Transaction volumes have remained robust, with 4,000+ sales annually in most years, indicating sustained buyer interest. The pandemic period (2020-2021) saw strong price appreciation, though current trends suggest a market correction as affordability pressures and higher interest rates impact demand. Peterborough remains an important market for first-time buyers and investors seeking value in the region.