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Manchester House Prices Manchester House Prices

The average house price in Manchester is £287,065 using HM Land Registry data.

The average property price increased by £80,182 (36.62%) over the last 5 years and increased by £16,025 (5.66%) over the last 12 months.

Over the last year, there were 2,897 residential property sales – a decrease of 1,839 transactions (-63.48%) relative to the previous year. The majority of house sales (744) were in the £130,000 - £194,000 range. Then came properties in the £194,000 - £258,000 range, where 742 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 89 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,495 (-2%).

In April 2024, there were 726 new estate agency instructions, 443 agreed home sales and 324 property price reductions.

Neighbouring Areas: Middleton, Chadderton, Prestwich, Failsworth, Salford, Droylsden, Audenshaw, Old Trafford, Denton, Stretford, Reddish, Stockport, Cheadle (Greater Manchester)

Postcodes Covered: M1, M11, M12, M13, M14, M15, M16, M18, M19, M2, M20, M21, M3, M35, M4, M40, M43, M7, M8, M9, SK4

5-Year Average Property Prices in Manchester

36.62%

Property prices in Manchester increased by 36.62% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Manchester Over the Last Year

5.66%

Property prices in Manchester increased by 5.66% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Manchester - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Manchester

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Manchester

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Manchester

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Manchester since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Manchester area since 1995.

Recent Property Sales in Manchester

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
22 Victoria Road, Whalley Range, Manchester, Greater Manchester, M16 8DP£400,000£150,000-£250,00010 Mar 202327 Mar 2024383 Days
48 Plainsfield Street, Manchester, Greater Manchester, M16 7HB£145,995£141,500-£4,49530 Oct 202321 Mar 2024143 Days
2 Heritage Gardens, Manchester, Greater Manchester, M20 5HJ£1,150,000£500,000-£650,00023 Dec 202118 Mar 2024816 Days
36 Humphrey Street, Manchester, Greater Manchester, M8 9JR£295,000£247,000-£48,00001 Mar 202314 Mar 2024379 Days
12 Caistor Close, Manchester, Greater Manchester, M16 8NW£285,000£283,000-£2,00020 Oct 202313 Mar 2024145 Days
Flat 11, Queens Court, Manchester Road, Manchester, Greater Manchester, M16 0EA£230,000£230,000£0016 Nov 202311 Mar 2024116 Days
209a, Old Hall Lane, Manchester, Greater Manchester, M14 6HJ£175,000£175,000£0030 Oct 202308 Mar 2024130 Days
10 Tenby Avenue, Manchester, Greater Manchester, M20 3DU£415,000£405,000-£10,00013 Nov 202307 Mar 2024115 Days
56 Kingsway, Manchester, Greater Manchester, M19 2DA£425,000£390,000-£35,00030 Jun 202305 Mar 2024249 Days
311 North Road, Manchester, Greater Manchester, M11 4LB£240,000£240,000£0015 Jan 202401 Mar 202446 Days
48 Grangethorpe Drive, Manchester, Greater Manchester, M19 2NE£380,000£370,000-£10,00003 Oct 202329 Feb 2024149 Days
102 Old Mill Street, Manchester, Greater Manchester, M4 6EE£300,000£300,000£0031 Jul 202328 Feb 2024212 Days
Flat 259, Ferguson Court, Acorn Close, Manchester, Greater Manchester, M19 2HS£60,000£60,000£0007 Jul 202326 Feb 2024234 Days
12 Hazelbank Avenue, Manchester, Greater Manchester, M20 3ES£300,000£288,000-£12,00004 Sep 202326 Feb 2024175 Days
27 Whitecar Avenue, Manchester, Greater Manchester, M40 3GW£180,000£175,000-£5,00015 Jun 202316 Feb 2024246 Days
Flat 19, Ashfell Court, Edge Lane, Manchester, Greater Manchester, M21 9HE£225,000£225,000£0022 Nov 202316 Feb 202486 Days
2 Fairhaven Avenue, Manchester, Greater Manchester, M21 8TW£550,000£515,000-£35,00025 Sep 202316 Feb 2024144 Days
14 Wellington Avenue, Manchester, Greater Manchester, M16 8JG£300,000£290,000-£10,00023 Oct 202316 Feb 2024116 Days
13 Daresbury Road, Manchester, Greater Manchester, M21 9NA£750,000£740,000-£10,00024 Aug 202315 Feb 2024175 Days
18 Clarendon Road West, Manchester, Greater Manchester, M21 0RW£565,000£561,500-£3,50007 Sep 202315 Feb 2024161 Days

Most Expensive Streets in Manchester

PostcodeStreetAreaAverageNo. of Sales
M20 6BHBelfield RoadManchester£1,421,6663
M20 6XDElm RoadManchester£1,291,2504
M20 6UYPine RoadManchester£1,195,0003
M15 4TXOwen StreetManchester£1,141,54312
M20 6BPClothorn RoadManchester£979,4005
M20 6BBMoorland RoadManchester£963,5836
M20 2QXVictoria AvenueDidsbury£945,0003
M20 2FQSkylark CloseManchester£922,4624
M20 2BNBloomesbury AvenueManchester£910,99615
M20 2QULancaster RoadManchester£907,0005

Least Expensive Streets in Manchester

PostcodeStreetAreaAverageNo. of Sales
M9 8DROld School DriveManchester£38,5007
M8 4NPHolland RoadManchester£57,05010
M20 4NEMauldeth RoadManchester£61,1619
M9 7HQFreshfieldsSpindletree Avenue£63,08712
M9 0RTWindsor HouseKingsmead Mews£64,1663
M8 8BSWellmead CloseManchester£67,4166
M13 0NNBirch LaneManchester£72,0006
M9 5UNVentnor StreetManchester£74,0003
M8 0WPCardinal StreetManchester£75,6663
M18 7JBBowling RoadManchester£75,8005

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