While the national housing market is showing signs of hesitancy, the story in Thetford and across East Anglia is more balanced. According to Rightmove’s latest House Price Index for November 2025, average asking prices across the UK have fallen by 1.8%, the sharpest November drop in over a decade. But in the East of England, prices have edged up by 0.7% compared to last month and remain 1.2% higher than this time last year.
That includes Norfolk and Suffolk, where buyer activity is still evident, especially in towns like Thetford where affordability continues to attract serious movers. While the upcoming Budget is creating uncertainty at the top end of the market, the local picture remains stable.
Homes under £500,000, which make up the bulk of the market in and around Thetford, are holding up particularly well. Sales agreed in this price bracket are only 4% down compared to last year, a much smaller dip than the 8% to 13% drops seen in higher price bands. Buyers are still active, but they’re prioritising value.
There’s positive news on affordability too. The average two-year fixed mortgage rate is now 4.41%, down from 5.06% a year ago. While the Bank of England chose not to cut the base rate in November, a December cut is still on the table, which could give the market a further boost heading into 2026.
So what does this mean for Thetford sellers? Realistic pricing and good presentation are more important than ever. With more homes available and buyers becoming increasingly selective, standing out in the current market takes a considered strategy.
If you’re thinking about selling or just want a clearer idea of where things stand, we’re here to help.
Article by Andrew Overman | Partner | Location Location East
