Our data shows the Ely housing market has experienced modest price adjustments over the past year, with average sold prices hovering around £382,000 according to Land Registry data. The CB6 3 postcode area, which covers central Ely and surrounding villages, has seen prices fall approximately 1.8% year-on-year according to recent analysis, though this varies significantly by neighbourhood and property type. Transaction volumes have softened, with 229 residential sales recorded in the last 12 months representing a 29% decrease compared to the previous year, reflecting broader national trends in the property market.
The discrepancy between asking and achieved prices remains notable in Ely, as it does across much of Cambridgeshire. home.co.uk listings data indicates sold prices over the last year were approximately 4% down on the previous year and 6% below the 2023 peak of £383,623. This context matters when pricing your property competitively, and a skilled local agent will have their finger on the pulse of exactly what buyers are willing to pay in your specific street and property type. Getting this intelligence can mean the difference between a quick sale and a property that lingers on the market.
Looking at property type performance, detached properties continue to command the highest prices with averages around £512,000 to £544,000 depending on the source, while flats remain the most affordable entry point at approximately £180,000 to £280,000. The premium segment, particularly four and five-bedroom family homes, has shown more resilience in Ely compared to smaller properties, making the expertise of a specialist agent particularly valuable if you're selling in the upper price brackets. Properties in the £500,000 to £750,000 range account for 57 of the current listings, showing healthy demand from families upgrading from smaller homes in the area.