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Milton Keynes House Prices Milton Keynes House Prices

The average house price in Milton Keynes is £339,237 using HM Land Registry data.

The average property price increased by £58,765 (18.6%) over the last 5 years and increased by £11,745 (3.24%) over the last 12 months.

Over the last year, there were 1,612 residential property sales – a decrease of 1,338 transactions (-83.00%) relative to the previous year. The majority of house sales (389) were in the £302,000 - £398,000 range. Then came properties in the £206,000 - £302,000 range, where 385 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 61 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,528 (-2%).

In April 2024, there were 431 new estate agency instructions, 242 agreed home sales and 187 property price reductions.

Neighbouring Areas: Newport Pagnell, Woburn Sands, Bletchley

Postcodes Covered: MK10, MK11, MK12, MK13, MK14, MK15, MK16, MK17, MK19, MK4, MK5, MK6, MK7, MK8, MK9

5-Year Average Property Prices in Milton Keynes

18.6%

Property prices in Milton Keynes increased by 18.6% 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 Milton Keynes Over the Last Year

3.24%

Property prices in Milton Keynes increased by 3.24% 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 Milton Keynes - 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 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 Milton Keynes

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 Milton Keynes

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 Milton Keynes

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 Milton Keynes since 1995

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

Recent Property Sales in Milton Keynes

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
1 Hurley Croft, Monkston, Milton Keynes, MK10 9EP£290,000£290,000£0019 Sep 202315 Mar 2024178 Days
44 Swanwick Lane, Broughton, Milton Keynes, MK10 9LD£450,000£438,000-£12,00013 Oct 202315 Mar 2024154 Days
42 Bessemer Court, Blakelands, Milton Keynes, MK14 5JW£265,000£250,000-£15,00004 Oct 202315 Mar 2024163 Days
22 Fairways, Two Mile Ash, Milton Keynes, MK8 8AJ£525,000£515,000-£10,00002 Aug 202313 Mar 2024224 Days
16 Winsford Hill, Furzton, Milton Keynes, MK4 1BN£335,000£325,000-£10,00004 Oct 202313 Mar 2024161 Days
57 Miserden Crescent, Westcroft, Milton Keynes, MK4 4GJ£370,000£360,000-£10,00014 Jul 202311 Mar 2024241 Days
106 Favell Drive, Furzton, Milton Keynes, MK4 1AJ£309,950£305,000-£4,95011 Oct 202308 Mar 2024149 Days
32 Simnel, Beanhill, Milton Keynes, MK6 4LN£150,000£140,000-£10,00013 Jul 202304 Mar 2024235 Days
41 Bernay Gardens, Bolbeck Park, Milton Keynes, MK15 8QD£450,000£440,000-£10,00013 Sep 202301 Mar 2024170 Days
1 Cartwright Place, Oldbrook, Milton Keynes, MK6 2RF£190,000£180,000-£10,00029 Jun 202301 Mar 2024246 Days
26 Byerly Place, Downs Barn, Milton Keynes, MK14 7QE£170,000£160,000-£10,00001 Nov 202329 Feb 2024120 Days
3 Kingsfold, Bradville, Milton Keynes, MK13 7BH£210,000£202,500-£7,50018 Sep 202328 Feb 2024163 Days
21 Prentice Grove, Shenley Brook End, Milton Keynes, MK5 7ES£525,000£525,000£0014 Aug 202326 Feb 2024196 Days
76 Lichfield Down, Walnut Tree, Milton Keynes, MK7 7BD£315,000£310,000-£5,00025 Oct 202316 Feb 2024114 Days
19 Malvern Drive, Fullers Slade, Milton Keynes, MK11 2AD£325,000£320,000-£5,00018 Oct 202312 Feb 2024117 Days
44 Oxford Street, Wolverton, Milton Keynes, MK12 5HP£325,000£325,000£0010 Sep 202307 Feb 2024150 Days
7 Florin Close, Pennyland, Milton Keynes, MK15 8AG£305,000£290,000-£15,00030 Aug 202302 Feb 2024156 Days
5 Forest Rise, Eaglestone, Milton Keynes, MK6 5ET£260,000£257,000-£3,00022 Jun 202302 Feb 2024225 Days
4 Dudley Hill, Shenley Church End, Milton Keynes, MK5 6LL£850,000£790,000-£60,00020 Jul 202302 Feb 2024197 Days
7 Babylon Grove, Westcroft, Milton Keynes, MK4 4GH£67,500£67,500£0006 Sep 202302 Feb 2024149 Days

Most Expensive Streets in Milton Keynes

PostcodeStreetAreaAverageNo. of Sales
MK5 8EBWhitworth LaneLoughton£1,352,0005
MK17 8YZLongacreWavendon£1,293,3574
MK5 8ATSchool LaneLoughton£1,208,1805
MK10 9AHBroughton RoadMilton Keynes Village£1,000,0003
MK5 6LHToot Hill CloseShenley Church End£975,3333
MK6 3BEThe GreenWoughton On The Green£967,0005
MK6 3ERVerley CloseWoughton On The Green£960,0004
MK7 7DLCloudberryWalnut Tree£941,0003
MK15 9DHHammond CrescentWillen Park£932,3333
MK11 1HXTudor GardensStony Stratford£930,0004

Least Expensive Streets in Milton Keynes

PostcodeStreetAreaAverageNo. of Sales
MK7 8EAMahler CloseBrowns Wood£47,0003
MK4 3FNPortishead DriveTattenhoe£49,5003
MK7 6BQFrithwood CrescentKents Hill£55,0205
MK5 8EXPaynes DriveLoughton£56,8333
MK5 6ELRhuddlan CloseShenley Church End£61,2333
MK7 7SUFortuna CourtWavendon Gate£62,6373
MK4 2JHThornley CroftEmerson Valley£65,1003
MK8 8LDThe High StreetTwo Mile Ash£65,1663
MK10 9REHendon CourtMonkston Park£67,0628
MK4 4FQCliveden PlaceWestcroft£67,1663

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