A Summary of Cambridge's Property Market in 2024

In 2024, Cambridge's property market demonstrated resilience amid broader national trends. The average house price in Cambridge was £507,000 in October 2024, up 6.4% from October 2023. This remains significantly higher than the national average of £292,000.

What's particularly surprising to many is the strong buying power of first-time buyers in Cambridge. The average price paid by first-time buyers reached £432,000 in October 2024, according to the Office for National Statistics. This marks a notable 6.8% increase from £404,000 a year earlier.

Looking ahead to 2025, the Cambridge housing market is expected to maintain its stability, with modest price increases anticipated.