📈 CM23 Market Update – June 2025

📈 CM23 Market Update – June 2025

What’s happening in the Bishop’s Stortford property market this month?

As we head into the summer months, the property market in CM23 – including the always sought-after Bishop’s Stortford – remains active, with a steady flow of new listings and sales being agreed across the board.

Here’s a quick snapshot of how things have shaped up over the past month:

🔹 New Listings

A total of 118 properties were brought to the market in June, giving buyers plenty to choose from in and around Bishop’s Stortford.

• Average asking price: £544,440.63

• Most expensive new listing: £2,750,000

This range reflects the diversity of homes in CM23, from modern apartments and family homes to countryside residences and executive properties.

🔹 Sales Agreed

75 properties went under offer during June – a positive sign that buyers are still active despite economic pressures and ongoing conversations around interest rates.

• Average agreed price: £513,186.46

• Highest price agreed: £1,750,000

This shows a strong appetite for well-presented homes at the right price – particularly in desirable parts of Bishop’s Stortford where competition remains healthy.

🔻 Price Reductions

On average, properties that did see a price reduction were adjusted by £21,928.60, showing the importance of accurate pricing from day one. While the market is still moving, buyers are price-sensitive, so getting the marketing right early is crucial.

👀 Our Take

At Willmott & Lake, we’ve seen firsthand that homes priced realistically and marketed professionally (with standout photography and video content) are still generating great interest – and in some cases, achieving more than the asking price.

Bishop’s Stortford continues to be a highly desirable place to live, with strong local schools, excellent commuter links, and a vibrant community – all of which help keep demand strong.

If you’re thinking about making a move – or just want to understand your home's current value – we’d love to help. We're based in the heart of Bishop’s Stortford and would be happy to chat, no pressure.