The Real Story on House Prices in Peterborough
Get the full picture of how Peterborough’s districts have evolved since 2018, filtered by property category and local market shifts.
You’ll also learn whether buyer interest is clustered in a few areas or more evenly spread across the city.
House Prices > Peterborough
House Prices in Peterborough by Year (2018–2025)
This table compares average house prices in Peterborough across eight years of change.
| Year | Average Price | Transactions |
|---|---|---|
| 2025 (proj.) | £279,800 | 4,706 |
| 2024 | £269,500 | 3,328 |
| 2023 | £269,800 | 3,899 |
| 2022 | £265,100 | 5,245 |
| 2021 | £248,700 | 6,133 |
| 2020 | £239,600 | 4,262 |
| 2019 | £223,200 | 5,009 |
| 2018 | £215,500 | 5,068 |
Peterborough Property Prices Year-On-Year: What’s Happening Beneath the Surface?
Peterborough’s property prices have taken an undaunted leap upward in recent years. Since 2018, the average price has climbed from just over £215,500 to a projected £279,800 in 2025. That upward swing signifies an estimated 30% increase in only eight years. Compared to other East Midlands hubs, Peterborough’s rise is strikingly sustained, even if it occasionally feels as unpredictable as the wind whipping across the Fens.
But there’s a second story to be told, and it’s etched deep in the transaction numbers:
- 2018 and 2019 saw healthy activity, but by 2023, annual transactions had dropped by over 1,000 compared with the earlier part of the cycle
- 2024 transaction counts are even lower, exposing a conspicuous reluctance among both buyers and sellers—one that mirrors national caution, but in Peterborough it bites a touch harder
- The projected rebound in 2025 transactions is an eyebrow-raiser, hinting that either pent-up demand, election-year optimism, or a dip in mortgage rates may be stirring hopes, but nothing is certain
What’s driving these contrasting trends? We see several plausible explanations:
- Affordability ceiling: As prices march upwards, many local earners are being boxed out, leaving demand muted and transactions to stagnate
- Market jitters: Ongoing uncertainty is making homeowners jittery—it’s a classic case of ‘shall I stay or shall I go?’
- Pocket-specific resilience: Certain parts of Peterborough are still attracting committed buyers—Investing in Peterborough? These Streets Should Be on Your Radar covers these in detail—but the city as a whole feels frostier than a January morning near the Nene
If you’re thinking of making a move, just remember: buying in Peterborough today feels a bit like grabbing a deckchair on the Titanic — timing is everything and there are no guarantees. Prices look robust, but the transaction slowdown is a warning flag waving beneath the apparent calm.
A Closer Look at Peterborough Prices by Property Type
Detached
Avg. Property Price: 354,300
Avg. Size of Property
1,275 sq/ft
Avg. Cost Per Sq/ft
£287 sq/ft
Total transactions
2,033 (since 2021)
Semi-detached
Avg. Property Price: 234,000
Avg. Size of Property
953 sq/ft
Avg. Cost Per Sq/ft
£253 sq/ft
Total transactions
2,419 (since 2021)
Terraces
Avg. Property Price: 180,100
Avg. Size of Property
827 sq/ft
Avg. Cost Per Sq/ft
£226 sq/ft
Total transactions
2,646 (since 2021)
Apartments
Avg. Property Price: 130,700
Avg. Size of Property
622 sq/ft
Avg. Cost Per Sq/ft
£213 sq/ft
Total transactions
427 (since 2021)
Peterborough’s property market is anything but boring. Differentiation by property type is stark, painting a digital tapestry of buyer priorities, ambitions and pocket size. Here, detached homes are the crown jewels, commanding the highest entry point but delivering palatial roominess most buyers can only dream of. Swing open the smart-lock doors, and you’ll find not just ample space, but the rise of high-tech, energy efficient living that is becoming increasingly coveted across Cambridgeshire. These homes often sit in sought-after neighbourhoods where buyers with bigger budgets are hungry for both smart features and privacy.
Semi-detached homes, meanwhile, fit perfectly in Peterborough’s “middle lane” for smart living. Families needing extra space for gadgets, home offices, or green tech upgrades will see good value here. Their popularity is palpable as shown by the sheer volume of transactions—the highest for this segment—suggesting that many Peterborians are actively seeking a balance between traditional comforts and modern efficiency.
Terraced properties remain the vibrant backbone of Peterborough’s urban sprawl. Their accessibility keeps them in high demand—think of them like energy-efficient hybrids, steadily running the city’s engine. Despite their smaller footprint, they offer a smart step onto the housing ladder for young professionals or smaller families, particularly in up-and-coming areas where digital connectivity is just as prized as a second bedroom. The fact they notch up the most sales since 2021 underscores how desirable, flexible and fast-moving these homes remain.
At the other end of the spectrum, flats are the clear winners for those who crave low-maintenance living, and perhaps a tech-enabled, minimalist lifestyle. While their average price sits at the lower end of the scale, you’re still likely to find features such as video entry, lightning-fast fibre, and communal spaces surprisingly common even in these compact spaces. Even so, the lower transaction volumes reflect their role as either starter homes, or smart bolt-holes for those needing lock-and-leave simplicity.
- Detached properties offer prestige, space, and innovation potential—ideal for those investing in luxury or planning to experiment with the latest home technologies.
- Semi-detached homes hit the “just right” sweet spot: enough room for growing demands, with accessible price points.
- Terraced properties are the dynamic heart of Peterborough: affordable, adaptable, and moving faster than queues at a Costa before the school run.
- Flats supply affordability and urban convenience, with lower entry-level prices and less maintenance, but may come with trade-offs in terms of flexibility.
So, what’s the summary? Your ideal property type depends on your budget, appetite for tech and desire for space. If stretching your budget for a detached “smart palace” feels too much, Peterborough has plenty of efficient, adaptable choices at every level. Want to pinpoint where your money goes furthest? Explore Peterborough streets with the best blend of value and future growth.
What Homes Cost in Each Peterborough District
| District | Avg Price (£) | Transactions |
|---|---|---|
| PE1 | £189,300 | 4,368 |
| PE2 | £219,200 | 6,616 |
| PE3 | £239,900 | 2,702 |
| PE4 | £212,900 | 3,395 |
| PE5 | £435,700 | 138 |
| PE6 | £283,200 | 5,195 |
| PE7 | £256,200 | 8,774 |
| PE8 | £366,700 | 2,008 |
The Peterborough housing market moves in mysterious ways, a bit like the springtime weather rolling across Cathedral Square — unpredictable, laced with sudden change, and never short of surprises. In 2025, these quirks play out across the city’s patchwork of districts, with each neighbourhood carving out its own niche on the price spectrum.
Affordable city living still has deep roots in Peterborough, especially close to the beating heart of the centre. Districts like PE1 remain accessible for those wanting to put down roots without stretching to London or Cambridge budgets. These areas continue to attract a vibrant mix of first-time buyers, creative professionals and hardworking locals drawn to the lively buzz and convenience on offer.
Swing a little further out and it's a different story. Districts such as PE5 shimmer at the top end, catching the eye of those seeking exclusivity, spacious gardens and that all-important privacy. Prices here leap far beyond what most can reach — but they set the city apart in the regional market. With fewer sales but standout prestige, these suburbs are magnets for buyers who place a premium on breathing space, both inside and out.
Meanwhile, areas such as PE7 and PE6 are busier than the Embankment on a summer Saturday, seeing the highest transaction volumes in Peterborough. These districts sit in that sweet spot where pricing is just right, schools are good, and community ties run deep. It’s no wonder so many families and upwardly mobile professionals choose them — and for sharp-eyed investors, the churn of sales hints at solid long-term potential. If you’re keen to focus your search on value-rich pockets, discover Peterborough’s best streets for value & future growth.
The striking contrast between districts highlights a market still rich with choice. Buyers can opt for attainable neighbourhoods with genuine soul, or make a bid for palatial luxury in Peterborough’s most desirable leafy fringes. The city keeps pace — but in its own unpredictable, sometimes eccentric way.
So, what are the key takeaway points?
- District makes all the difference: Prices vary wildly, so where you choose will define how far your money goes.
- Bustling family zones: PE7 and PE6 lead for both activity and versatility, making them perennial headliners for families and movers.
- Opulent escapes: PE5 stands alone with premium homes in short supply, ideal for those ready to splash out for luxury.
- Central hotspots remain attainable: PE1 offers lively, accessible city living, keeping Peterborough’s core inclusive and vibrant.
So what's the core message? In Peterborough, unpredictability rules — and whether you’re seeking affordability, aspiration, or something utterly unique, there’s always a pocket that fits just right.
Please keep in mind, these figures are based solely on district averages for sale price and transaction volumes.
Property sizes and cost per square foot have not been factored in, so some patterns could be blurred. For a full district breakdown, head over to our blog. Thanks for stopping by.
How Do Peterborough House Prices Compare Locally?
| City | Avg Price (£) | Transactions |
|---|---|---|
| Stamford | £348,600 | 3,001 |
| Bourne | £244,000 | 3,279 |
| March | £230,800 | 3,130 |
| Chatteris | £221,900 | 1,397 |
| Huntingdon | £314,900 | 6,931 |
| Spalding | £217,500 | 7,267 |
| Wisbech | £230,600 | 4,675 |
| Corby | £218,500 | 7,638 |
| Oakham | £313,200 | 2,622 |
| Kettering | £244,900 | 10,256 |
House prices in and around Peterborough march upward like keen hikers pacing across the gentle slopes of Ferry Meadows. Zooming out to the region, there is a distinct gap between “destination” towns, like Stamford and Oakham, and the more accessible areas such as Spalding and Wisbech. If you’re weighing up a move to Peterborough, it’s crucial to understand how your budget stands compared to what’s on offer just up or down the A16 or over in the market towns to the west.
- Stamford and Oakham tower above most other local markets, with average prices that might give first-time buyers palpitations. These are undeniably premium addresses – heritage-laden, pretty, and reliably in demand.
- Further afield, Huntingdon emerges as a consistently popular choice, reflected in its robust transaction numbers. Well-regarded schools and rail links to London help keep prices firm.
- On the flipside, towns like Spalding, Corby, March, and Wisbech come across as the pragmatic choices for those seeking maximum value for money, particularly if your goal is simply more space for your outlay.
- Bourne and Kettering sit comfortably in the middle – not quite “budget” territory, but certainly not out of reach. Kettering, in particular, sees a markedly high number of transactions, pointing to strong churn and buyer confidence.
From our side, we’ve noticed that families in and around Peterborough are branching out into satellite towns more than ever, pushed on by stretching prices and the perennial desire for an extra room or bigger garden. The once-quiet edges are now buzzing livelier than the Embankment after a summer festival.
- Key questions to ask yourself:
- How far are you willing to commute for a bigger, yet more affordable home?
- Do you value a prime postcode, or is maximising space your priority right now?
- Would you rather be in an established, slower-moving market, or a place where homes change hands often?
So, what should we remember?
- Stamford and Oakham command higher price tags and are prized for their character and atmosphere.
- Spalding, Corby, March, and Wisbech often represent the best value options for those looking to get more house for their money.
- Kettering and Huntingdon offer balance – good churn and wide selection, making them hotspots for all sorts of buyers.
“As locals around Peterborough say, the right postcode can open doors you never knew existed.”
Please keep in mind, this section focuses solely on average property pricing and overall transaction counts.
Property size and cost per square foot are not factored in, meaning some shifts may be missed. To explore further, visit our blog.
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