Local property market update: trends, prices, and insights for 2025

In this local market update we dive into the current property market in Cambridgeshire, Bedfordshire and Buckinghamshire, sharing insights on average sale prices, days on market, and emerging trends.

Latest average sale prices in Cambridgeshire 

Most of the sales in Cambridgeshire over the past year were detached properties which on average sold for £475,466. Semi-detached properties had an average sold price of £329,894 and terraced properties averaged at £307,551.

Cambridgeshire, with an overall average price of £365,850, was similar in terms of sold prices to nearby Bedfordshire (£362,925), but was more expensive than Norfolk (£300,808) and cheaper than Hertfordshire (£529,398). The most expensive area within Cambridgeshire was Hemingford Abbots (£924,500) and the cheapest was Wisbech (£208,618). In the past year house prices in Cambridgeshire were 4% down on the year before and similar to 2022 when they averaged at £375,222.

Latest average sale prices in Bedfordshire 

In 2024, house prices in Bedfordshire had an overall average of £362,889. The majority of properties sold in Bedfordshire during the last year were semi-detached properties, selling for an average price of £354,017. Terraced properties sold for an average of £296,897, with detached properties fetching £528,334. Overall, the historical sold prices in Bedfordshire over the last year were 2% down on the previous year.

Latest average sale prices in Buckinghamshire  

House prices in Buckinghamshire have an overall average of £486,102 over the last year. The majority of properties sold in Buckinghamshire during the last year were detached properties, selling for an average price of £742,581. Semi-detached properties sold for an average of £446,011, with terraced properties fetching £356,566. Overall, the historical sold prices in Buckinghamshire over the last year were 2% down on the previous year.

Days on market

How long properties stay on the market is a good indicator of demand and market activity. At Thomas Morris, our average time from listing to an offer is just (?) days, well below the national average of 150 days, according to Rightmove. This means you’re more likely to get an offer on your property quicker if you sell with us.

Broader trends and current interest rates

In November 2024, The Bank of England reduced interest rates to 4.75% down from 5%. This was followed by a further cut in interest rates in February 2025 from 4.75% to 4.5% - the lowest base rate since June 2023%, boosting optimism in the housing market. To get an estimate of how much you could borrow, try our quick mortgage calculator.

Sales activity has also picked up, driven by first-time buyer activity and existing homeowners who had postponed their moving plans until borrowing costs dropped and the market outlook improved. First-time buyers were on track to be the largest buyer group in 2024 according to Zoopla, making up 36% of all sales. Existing homeowners with mortgages were the next large group at 31%, while cash buyers, including mortgage-free homeowners and investors, accounted for 27% of sales. In 2025, the property market is expected to continue to recover, supported by strong buyer demand, improving affordability, and favourable economic conditions.

Take advantage of our free valuation today

Find out how much your property’s worth and make the most of the current market by using our free valuation service today. As one of the leading estate agents in the area with over 30 years' experience in the local property market, we’re dedicated to helping you get moving.

Sources:

• Market data sourced from the Guild Competitor Analysis, September 2024.

• Data on average sale prices in Cambridgeshire, Bedfordshire and Buckinghamshire taken from Rightmove, 2025

• HM Treasury, Average of Independent Forecasts November 2024

• As 2025 approaches, the property market is poised for continued recovery - The Guild - Property Industry Eye