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# Ipswich house prices drop 7.1% in a year, the biggest fall in East of England
- URL: https://www.ipswich.co.uk/ipswich-house-prices-drop-the-biggest-fall-in-east-of-england/
- Published: 2024-08-15T07:53:00.000Z
- Updated: 2026-03-16T15:37:40.000Z
- Description: Ipswich homeowners saw their property values fall 7.1% over the past year, the steepest decline in the East of England. The average house price in June was £218,253, down 0.8% from May.
- Author: Oliver Rouane-Williams
- Tags: News, Housing & Urban Development, #article, #Import 2026-03-16 14:46

**The big picture:** While house prices across the East of England and UK rose slightly in June, Ipswich bucked the trend with a 0.8% monthly decrease.

**By the numbers:** Data from the UK House Price Index shows:

- The average Ipswich house price in June was £218,253
- The average sale price has dropped by £17,000 over the past year
- £192,000: The average spent by first-time buyers, £15,000 less than a year ago

**Zoom in:** Property types seeing the biggest falls:

- Detached houses: down 1.2% monthly, down 7.8% annually (average £376,112)
- Semi-detached: down 0.9% monthly, down 6.5% annually (average £248,590)
- Flats: down 0.9% monthly, down 8.8% annually (average £143,461)

**Zoom out:** Ipswich property prices are now 35.7% below the East of England average of £339,000.

- England house prices rose 0.6% from May to June 2024 (non-seasonally adjusted)
- This is down from 0.7% growth in the same period last year
- Seasonally adjusted prices increased 0.1% month-on-month

These figures show a slight cooling in the England housing market compared to last year, but prices are still rising nationally.

**Why it matters:** For most homeowners, their home is their biggest asset, and for first-time buyers, house prices dictate affordability. House prices also have a huge influence on our local economy, impacting multiple sectors, and often acting as an indicator of the desirability and demography of an area.

**Yes, but:** Price drops aren't universally negative. Lower house prices can attract new residents and get people onto the property ladder.

**What they're saying:** Farida Rouane is an Ipswich-based financial advisor and mortgage advisor at [Upside Finance](https://www.upsidefinance.co.uk/?ref=ipswich.co.uk) who's been helping Ipswich residents get on the property ladder for more than a decade. She said:

**The bottom line:** Ipswich house prices will be cause for concern for some but an opportunity for others.

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