Downham Market

House Prices in PE38

Properties in PE38 have an average house price of £278,984.00 and had 1000 Property Transactions within the last 3 years.
The most expensive property was sold for £940,000.00.

Property Price Paid in PE38 by Year

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The average sold property price by year was:

Year Average Sold Price Sold Properties
2026 £287,561.00 154 Properties
2025 £287,474.00 294 Properties
2024 £271,590.00 269 Properties
2023 £272,527.00 283 Properties
2022 £273,932.00 333 Properties
2021 £255,287.00 411 Properties
2020 £239,858.00 285 Properties
2019 £229,917.00 354 Properties
2018 £223,861.00 307 Properties
2017 £214,766.00 345 Properties
2016 £196,425.00 446 Properties
2015 £185,069.00 455 Properties
2014 £178,152.00 405 Properties
2013 £165,460.00 314 Properties
2012 £156,388.00 284 Properties
2011 £155,432.00 273 Properties
2010 £157,572.00 255 Properties
2009 £165,171.00 241 Properties
2008 £166,030.00 227 Properties
2007 £172,442.00 497 Properties
2006 £167,134.00 553 Properties
2005 £162,792.00 414 Properties
2004 £153,072.00 516 Properties
2003 £142,846.00 388 Properties
2002 £119,229.00 478 Properties
2001 £87,896.00 407 Properties
2000 £78,240.00 378 Properties
1999 £67,506.00 332 Properties
1998 £60,645.00 249 Properties
1997 £57,706.00 288 Properties
1996 £51,465.00 255 Properties
1995 £51,566.00 226 Properties

Property Price per Property Type in PE38

Here you can find historic sold price data in order to help with your property search.

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The average Property Paid Price for specific property types in the last three years are:

Property Type Average Sold Price Sold Properties
Detached House £343,730.00 523 Detached Houses
Flat £131,567.00 70 Flats
Semi Detached House £230,085.00 231 Semi Detached Houses
Terraced House £209,400.00 176 Terraced Houses

Houses and Flats for sale in PE38, Downham Market

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There are 196 results. Property prices in PE38 range from £102k to £760k with an average price of £280k.


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Property market in PE38

Average asking price £290k typical £250k
Most prices £90k – £850k leaving out the extremes
Homes for sale 196 24 more under offer
New to the market 48 in the last 30 days
Typical time to sell 3 months last 12 months
Asking prices, year on year −10.7% homes newly listed
Gross rental yield 4.9% typical rent vs sold price

What's for sale

206 homes · share, count and typical price
Semi-detached houses 26.2% 54 · £180k
Bungalows 22.3% 46 · £325k
Detached houses 21.4% 44 · £400k
Terraced houses 14.1% 29 · £200k
Flats and apartments 6.8% 14 · £134k
Other homes 6.3% 13 · £265k
Land and plots 2.4% 5 · £120k
Park and mobile homes 0.5% 1 · £315k

How many bedrooms

share, count and typical price
1 bedroom 6.3% 13 · £138k
2 bedrooms 28.8% 59 · £200k
3 bedrooms 43.4% 89 · £250k
4 bedrooms 17.6% 36 · £400k
5+ bedrooms 3.9% 8 · £425k

Price bands

206 homes
Under £140k 18.0% 37
£140k – £210k 19.9% 41
£210k – £300k 21.8% 45
£300k – £400k 20.4% 42
£400k and over 19.9% 41

Houses and flats compared

HousesFlats
Share of homes for sale84%7%
Typical asking price£260k£134k
Average bedrooms3.01.6
Typical time to sell3 months4 months

Asking prices over time

typical asking price of the homes first listed each quarter · −8.8% since 2024 Q4 Median asking price per quarter in PE38 2024 Q4: £285k (226 new listings) £285k 2024 Q4 2025 Q1: £280k (244 new listings) £280k 2025 Q1 2025 Q2: £275k (260 new listings) £275k 2025 Q2 2025 Q3: £280k (253 new listings) £280k 2025 Q3 2025 Q4: £250k (144 new listings) £250k 2025 Q4 2026 Q1: £250k (218 new listings) £250k 2026 Q1 2026 Q2: £240k (259 new listings) £240k 2026 Q2 2026 Q3: £260k (163 new listings) £260k 2026 Q3

Prices in and around PE38

typical asking price, cheapest first
  1. PE13 £220k
  2. PE30 £220k
  3. PE14 £250k
  4. PE38 £250k
  5. PE15 £290k
  6. IP26 £300k
  7. PE34 £300k
  8. PE33 £325k

Schools in PE38

6 primary · 1 secondary · 100% rated good or outstanding
  • Downham Market Academy secondary · Good
  • Downham Market, Hillcrest Primary School primary · Good
  • Nelson Academy primary · Good
  • Denver Voluntary Controlled Primary School primary · Good
  • Southery Academy primary · Good
  • Hilgay Riverside Academy primary · Good

Based on 206 homes for sale on Houses now, 869 listings that left the market in the last 12 months, the asking prices of the homes listed over the last two years. Sold prices: HM Land Registry Price Paid Data, Aug 2025 to Jul 2026 (Crown copyright). Schools: Ofsted. Updated October 2026.


Frequently Asked Questions about PE38


What is the average house price in PE38?

The average home for sale in PE38 is priced at £290,000. A few very expensive homes pull that average up, so a more typical price is £250,000. This is based on the 206 homes for sale on Houses right now.


How much does a 2 or 3 bedroom home cost in PE38?

A typical 2-bedroom home in PE38 costs £200,000 and a 3-bedroom home £250,000. So the extra bedroom adds about £50,000. 1-bedroom homes start at around £138,000, and 4-bedroom homes are about £400,000.


What price range should I expect in PE38?

Most homes in PE38 are priced between £90,000 and £850,000, leaving out the very cheapest and most expensive. One in five costs less than £140,000, and one in five £400,000 or more.


How many homes are for sale in PE38?

There are 196 homes for sale in PE38 on Houses right now, plus 24 already under offer. 48 new listings came onto the market in the last 30 days.


Are house prices going up in PE38?

No, they are falling. Homes put up for sale in PE38 over the last 12 months were advertised at a typical £250,000, 11% lower than the year before (£280,000). By size, 1-bedroom homes are up 10%, 2-bedroom homes are down 9% and 3-bedroom homes are down 5%.


How long does it take to sell a home in PE38?

Homes usually sell or come off the market within about 3 months. About 22% go within the first month, and a quarter take longer than about 7 months. Houses go faster, in about 3 months against about 4 months for flats.


What rental yield can I get in PE38?

Around 4.9% gross. That compares a typical rent of £1,065 a month with a typical sold price of £260,000. Running costs, voids and mortgage interest are not taken off.


What type of homes are for sale in PE38?

Semi-detached houses are the most common, about a quarter of homes for sale in PE38. Bungalows come next, followed by detached houses. Flats and apartments are the cheapest, at about £134,000, and detached houses the most expensive, at about £400,000.


Where are the cheapest places to buy near PE38?

Of the areas around PE38, PE13 is the cheapest, with a typical asking price of £220,000, followed by PE30 (£220,000) and PE14 (£250,000). PE38 itself is £250,000.


Are homes in PE38 freehold or leasehold?

About 9 in 10 homes for sale in PE38 are freehold and the rest leasehold, which is mostly flats. There are 19 new-build homes on the market too.


What are the schools like in PE38?

There are 6 primary and 1 secondary schools in PE38. 100% of those inspected by Ofsted were rated good or outstanding.


Which areas are included in the PE38 postcode district?

The main area within PE38 is Downham Market.


What has been the average sold property price in PE38 over the last three years?

Detached Houses in PE38 have an average sold price of £343,730, while Semi Detached Houses have an average of £230,085. Terraced Houses have an average of £209,400 and Flats have an average of £131,567. The average sold property price in PE38 over the last three years is approximately £282,208.


Which train stations are available in PE38?

The train station available in PE38 is Downham Market Station.