The Swaffham housing market has experienced notable changes over the past year, with our data and external sources showing a market that has corrected from its 2022 peak. According to Rightmove figures, average sold prices in the PE37 postcode area now stand at approximately £259,658, representing a 3% decline on the previous year and 7% down from the 2022 peak of £279,886. Zoopla reports a similar picture with the average house price at £254,889 over the last 12 months, while Property Solvers recorded a modest 1.27% increase (£3,445) over the same period. These variations across different data sources reflect the nuanced nature of the local market.
Transaction volumes have shown significant reduction, with 107 residential property sales recorded in the last 12 months according to Property Solvers, representing a decrease of 85 transactions compared to the previous year. Home.co.uk shows 54 properties sold in the last six months alone, suggesting some recovery in market activity. The current asking price average of £279,064 from our live listing data sits slightly above sold prices, indicating that vendor expectations remain somewhat elevated relative to achieved sale prices.
The property type breakdown reveals strong demand for detached homes, which command an average asking price of £390,780 across 48 current listings. Semi-detached properties average £222,563 with 39 listings available, while terraced homes represent more affordable entry points at £181,786 on average. This distribution aligns with the market's appeal to families and commuters seeking the space that Swaffham's predominantly residential character provides.
The rental market in Swaffham shows limited but active supply, with 16 properties currently available to rent through 7 different agents. William H. Brown leads the rental segment with 7 listings at an average of £896 per month, while other agents including Belvoir and Butterfly Homes offer rental options ranging from £695 to £1,050 per month. This rental activity indicates ongoing demand from tenants who may be testing the market before committing to a purchase.