Brighten the Corners
Proud supporters of independent local journalism in Ipswich
Ipswich saw a 1.3% increase in house prices in July, outpacing the East of England average. However, this doesn't reverse the overall downward trend, with prices still down 4.8% compared to last year.
Here's what you need to know:
The average Ipswich house price in July was £222,225
This is £11,000 less than a year ago
First-time buyers spent an average of £195,900
Semi-detached houses saw the biggest monthly rise at 1.3%
Why it matters: Housing affordability remains a key concern for many Ipswich residents. While the monthly increase might offer some relief to homeowners, the continued annual decline suggests a challenging market for sellers.
By the numbers:
1.3%: Monthly increase in Ipswich house prices
0.7%: Average increase across the East of England
4.8%: Annual decrease in Ipswich house prices
£222,225: Average house price in Ipswich
£341,160: Average house price in the East of England
Between the lines: Ipswich's housing market performance places it 44th out of 45 local authorities in the East of England for annual growth. The disparity between Ipswich's house prices and the regional average (34.9% lower) could make the town more attractive to buyers priced out of other areas.
What's next: Potential homebuyers and sellers will be watching closely to see if this monthly increase marks the beginning of a recovery or if the annual decline will continue.
Sources
View upcoming gigs in Ipswich
Events from Brighten The Corners Presents and other promoters across The Baths, St Stephen’s Church and The Smokehouse venues.
