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Milton Keynes House Prices Milton Keynes House Prices

The average house price in Milton Keynes is £342,740 using HM Land Registry data.

The average property price increased by £48,069 (14.7%) over the last 5 years and increased by £9,632 (2.64%) over the last 12 months.

Over the last year, there were 1,576 residential property sales – a decrease of 741 transactions (-47.02%) relative to the previous year. The majority of house sales (383) were in the £220,000 - £310,000 range. Then came properties in the £310,000 - £400,000 range, where 349 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 132 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,912 (-2%).

In Dec 24, there were 295 new estate agency instructions, 174 agreed home sales and 54 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

14.7%

Property prices in Milton Keynes increased by 14.7% 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

2.64%

Property prices in Milton Keynes increased by 2.64% 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 - Dec 24

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 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
13 Forrabury Avenue, Bradwell Common, Milton Keynes, MK13 8NF£350,000£350,000£0022 Aug 202425 Nov 202495 Days
63 Colesbourne Drive, Downhead Park, Milton Keynes, MK15 9AW£795,000£775,000-£20,00018 Jul 202420 Nov 2024125 Days
39 Underwood Place, Oldbrook, Milton Keynes, MK6 2NJ£375,000£360,000-£15,00019 Feb 202420 Nov 2024275 Days
17 Worth Court, Monkston, Milton Keynes, MK10 9LU£425,000£410,000-£15,00015 Aug 202415 Nov 202492 Days
96 Otterburn Crescent, Oakhill, Milton Keynes, MK5 6LX£135,000£132,500-£2,50009 Apr 202415 Nov 2024220 Days
2 Barnstaple Court, Furzton, Milton Keynes, MK4 1HR£200,000£197,000-£3,00017 Jun 202415 Nov 2024151 Days
15 Nursery Gardens, Bradwell, Milton Keynes, MK13 9HU£430,000£425,000-£5,00029 Apr 202407 Nov 2024192 Days
120 Lynmouth Crescent, Furzton, Milton Keynes, MK4 1LQ£780,000£770,000-£10,00027 Mar 202407 Nov 2024225 Days
33 Boxberry Gardens, Walnut Tree, Milton Keynes, MK7 7EN£340,000£340,000£0026 Apr 202406 Nov 2024194 Days
116 Hilliard Drive, Bradwell, Milton Keynes, MK13 9EP£240,000£240,000£0025 Apr 202405 Nov 2024194 Days
3 Heybridge Crescent, Caldecotte, Milton Keynes, MK7 8HL£700,000£677,500-£22,50005 Mar 202404 Nov 2024244 Days
142 Hainault Avenue, Giffard Park, Milton Keynes, MK14 5PG£410,000£400,000-£10,00003 Jul 202401 Nov 2024121 Days
46 London Road, Stony Stratford, Milton Keynes, MK11 1JL£750,000£735,000-£15,00011 Jun 202401 Nov 2024143 Days
51 Milford Avenue, Stony Stratford, Milton Keynes, MK11 1EY£400,000£400,000£0018 Jul 202401 Nov 2024106 Days
16 Eddington Court, Emerson Valley, Milton Keynes, MK4 2DB£415,000£405,000-£10,00014 Feb 202401 Nov 2024261 Days
135 Golden Drive, Eaglestone, Milton Keynes, MK6 5BS£250,000£250,000£0001 Mar 202431 Oct 2024244 Days
28 Tolcarne Avenue, Fishermead, Milton Keynes, MK6 2SS£259,950£247,000-£12,95005 Mar 202431 Oct 2024240 Days
79 Redding Grove, Crownhill, Milton Keynes, MK8 0BU£500,000£495,000-£5,00009 May 202431 Oct 2024175 Days
26 Dunkery Beacon, Furzton, Milton Keynes, MK4 1HZ£111,000£111,000£0016 Apr 202431 Oct 2024198 Days
82a, Mullen Avenue, Downs Barn, Milton Keynes, MK14 7LG£140,000£136,000-£4,00017 Oct 202330 Oct 2024379 Days

Most Expensive Streets in Milton Keynes

PostcodeStreetAreaAverageNo. of Sales
MK5 8EBWhitworth LaneLoughton£1,491,2504
MK17 8YZLongacreWavendon£1,293,3574
MK5 8ATSchool LaneLoughton£1,208,1805
MK6 3BEThe GreenWoughton On The Green£1,023,7504
MK5 6BLSalden CloseShenley Church End£990,0003
MK5 8ABLondon RoadLoughton£985,8333
MK6 3ERVerley CloseWoughton On The Green£960,0004
MK5 8FLRedland DriveLoughton£944,0003
MK7 7DLCloudberryWalnut Tree£941,0003
MK15 9DHHammond CrescentWillen Park£932,3333

Least Expensive Streets in Milton Keynes

PostcodeStreetAreaAverageNo. of Sales
MK4 3FNPortishead DriveTattenhoe£51,5003
MK7 8EAMahler CloseBrowns Wood£53,6254
MK7 6BQFrithwood CrescentKents Hill£57,5254
MK10 9DEBalmerino CloseMonkston£63,7504
MK5 7BYUpton GroveShenley Lodge£65,0003
MK8 1AZAngus WayWhitehouse£67,6874
MK10 9REHendon CourtMonkston Park£68,5006
MK13 8DYBradwell Common BoulevardBradwell Common£70,0003
MK5 6EJLaunceston CourtShenley Church End£71,5003
MK4 1JDCloutsham CloseFurzton£71,9287

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