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Manchester House Prices Manchester House Prices

The average house price in Manchester is £255,653 using HM Land Registry data.

The average property price increased by £79,876 (35.99%) over the last 5 years and increased by £15,968 (5.59%) over the last 12 months.

Over the last year, there were 2,789 residential property sales – a decrease of 1,723 transactions (-61.78%) relative to the previous year. The majority of house sales (735) were in the £130,000 - £196,000 range. Then came properties in the £196,000 - £262,000 range, where 720 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 78 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,495 (-2%).

In June 2024, there were 679 new estate agency instructions, 490 agreed home sales and 351 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

35.99%

Property prices in Manchester increased by 35.99% 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

5.59%

Property prices in Manchester increased by 5.59% 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 - June 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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
15 Wilton Road, Crumpsall, Manchester, Greater Manchester, M8 4NG£399,000£375,000-£24,00008 Dec 202217 May 2024526 Days
159 Chorlton Road, Manchester, Greater Manchester, M15 4JG£135,000£135,000£0015 Nov 202315 May 2024182 Days
38 Rishworth Drive, Manchester, Greater Manchester, M40 3PG£250,000£245,000-£5,00012 Dec 202310 May 2024150 Days
23 Mayford Road, Manchester, Greater Manchester, M19 3AT£275,000£275,000£0023 Feb 202407 May 202474 Days
30 Lonsdale Road, Manchester, Greater Manchester, M19 3FL£240,000£230,000-£10,00002 Aug 202303 May 2024275 Days
23 Beech Road, Manchester, Greater Manchester, M21 8BX£650,000£635,000-£15,00007 Nov 202303 May 2024178 Days
65 Floyd Avenue, Manchester, Greater Manchester, M21 7WG£275,000£272,500-£2,50007 Nov 202303 May 2024178 Days
21 Ruabon Road, Manchester, Greater Manchester, M20 5LB£485,000£475,000-£10,00029 Jan 202403 May 202495 Days
77 Northmoor Road, Manchester, Greater Manchester, M12 4PE£225,000£207,000-£18,00011 Sep 202330 Apr 2024232 Days
212 Horton Road, Manchester, Greater Manchester, M14 7QF£200,000£200,000£0026 Jan 202430 Apr 202495 Days
15 Brockley Avenue, Manchester, Greater Manchester, M14 7BP£200,000£196,000-£4,00030 Jan 202429 Apr 202490 Days
123 Parkhouse Street, Manchester, Greater Manchester, M11 2JX£120,000£106,000-£14,00010 Oct 202326 Apr 2024199 Days
22 Sidmouth Drive, Manchester, Greater Manchester, M9 8BU£265,000£240,000-£25,00028 Sep 202225 Apr 2024575 Days
3 Laurel Avenue, Manchester, Greater Manchester, M14 7JW£170,000£170,000£0023 Dec 202325 Apr 2024124 Days
18 Beech Hurst Close, Whalley Range, Manchester, Greater Manchester, M16 8EP£260,000£245,000-£15,00024 Nov 202324 Apr 2024152 Days
78 Nina Drive, Manchester, Greater Manchester, M40 5SB£210,000£205,000-£5,00023 Jan 202423 Apr 202491 Days
762 Hyde Road, Manchester, Greater Manchester, M18 7EF£245,000£245,000£0023 Jun 202323 Apr 2024305 Days
7 Abbotsfield Court, Manchester, Greater Manchester, M8 0AW£240,000£170,000-£70,00004 Dec 202319 Apr 2024137 Days
301 Brantingham Road, Chorlton Cum Hardy, Manchester, Greater Manchester, M21 0GU£695,000£680,000-£15,00014 Sep 202319 Apr 2024218 Days
12 Floyd Avenue, Manchester, Greater Manchester, M21 7LY£250,000£235,000-£15,00006 Dec 202319 Apr 2024135 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 2BNBloomesbury AvenueManchester£910,99615
M20 2QULancaster RoadManchester£907,0005
M21 0THChandos Road SouthManchester£898,4005

Least Expensive Streets in Manchester

PostcodeStreetAreaAverageNo. of Sales
M9 8DROld School DriveManchester£37,5836
M9 4JWThorntree CloseManchester£46,0003
M8 4PYGivendale DriveCrumpsall£54,0003
M8 4NPHolland RoadManchester£56,3128
M20 4NEMauldeth RoadManchester£61,1619
M9 7HQFreshfieldsSpindletree Avenue£63,08712
M9 0RTWindsor HouseKingsmead Mews£64,1663
M8 8BSWellmead CloseManchester£67,4378
M13 0NNBirch LaneManchester£72,0006
M9 5UNVentnor StreetManchester£74,0003

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