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Oldham House Prices Oldham House Prices

The average house price in Oldham is £132,597 using HM Land Registry data.

The average property price increased by £60,789 (55.83%) over the last 5 years and increased by £12,150 (7.71%) over the last 12 months.

Over the last year, there were 571 residential property sales – a decrease of 209 transactions (-36.60%) relative to the previous year. The majority of house sales (164) were in the £114,000 - £148,000 range. Then came properties in the £148,000 - £182,000 range, where 101 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 60 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,198 (-2%).

In April 2024, there were 78 new estate agency instructions, 59 agreed home sales and 29 property price reductions.

Neighbouring Areas: Royton, Lees, Chadderton, Failsworth, Ashton-under-Lyne

Postcodes Covered: M35, OL1, OL2, OL4, OL8, OL9

5-Year Average Property Prices in Oldham

55.83%

Property prices in Oldham increased by 55.83% 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 Oldham Over the Last Year

7.71%

Property prices in Oldham increased by 7.71% 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 Oldham - 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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 Oldham

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 Oldham

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 Oldham

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 Oldham since 1995

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

Recent Property Sales in Oldham

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
26 Grafton Street, Oldham, Greater Manchester, OL1 4SD£130,000£117,000-£13,00028 Sep 202308 Mar 2024162 Days
23 Arncliffe Rise, Oldham, Greater Manchester, OL4 2LZ£239,950£237,500-£2,45004 Sep 202307 Mar 2024185 Days
375 Hollins Road, Oldham, Greater Manchester, OL8 3BD£129,950£125,500-£4,45021 Jul 202329 Feb 2024223 Days
17 Bottomfield Close, Oldham, Greater Manchester, OL1 4AT£150,000£148,000-£2,00026 Oct 202323 Feb 2024120 Days
80 Ronald Street, Oldham, Greater Manchester, OL4 1NE£180,000£165,000-£15,00014 Jul 202316 Feb 2024217 Days
12 Rivington Street, Oldham, Greater Manchester, OL1 3EW£130,000£112,000-£18,00004 Jan 202314 Feb 2024406 Days
8 Priestwood Avenue, Oldham, Greater Manchester, OL4 2NW£215,000£174,000-£41,00002 Feb 202409 Feb 20247 Days
2 Polden Close, Oldham, Greater Manchester, OL8 3WN£230,000£222,000-£8,00029 Sep 202309 Feb 2024133 Days
10 Beech Avenue, Oldham, Greater Manchester, OL4 2EG£170,000£165,000-£5,00012 Jul 202302 Feb 2024205 Days
76 Alt Lane, Oldham, Greater Manchester, OL8 2EN£225,000£200,000-£25,00013 May 202302 Feb 2024265 Days
13 Hanson Street, Oldham, Greater Manchester, OL4 1LG£150,000£150,000£0005 Sep 202331 Jan 2024148 Days
34 New Oak Close, Failsworth, Manchester, Greater Manchester, M35 9XD£490,000£450,000-£40,00024 Oct 202331 Jan 202499 Days
74 Crompton Street, Oldham, Greater Manchester, OL1 2BU£140,000£130,000-£10,00006 Jul 202326 Jan 2024204 Days
46 Church Street East, Oldham, Greater Manchester, OL4 2JQ£185,000£174,500-£10,50018 Aug 202325 Jan 2024160 Days
7 Thistle Way, Oldham, Greater Manchester, OL4 2RA£220,000£208,000-£12,00005 Sep 202322 Jan 2024139 Days
190 Heron Street, Oldham, Greater Manchester, OL8 4NB£140,000£140,000£0015 Jul 202319 Jan 2024188 Days
1 Waverley Street, Oldham, Greater Manchester, OL1 4HB£160,000£155,000-£5,00014 Jul 202315 Jan 2024185 Days
28 Sheepfoot Lane, Oldham, Greater Manchester, OL1 2PD£220,000£220,000£0022 May 202305 Jan 2024228 Days
85 Saffron Drive, Oldham, Greater Manchester, OL4 2PS£170,000£164,000-£6,00022 Feb 202305 Jan 2024317 Days
206 Copster Hill Road, Oldham, Greater Manchester, OL8 3DD£149,950£145,000-£4,95004 Aug 202318 Dec 2023136 Days

Most Expensive Streets in Oldham

PostcodeStreetAreaAverageNo. of Sales
OL1 4SQRipponden RoadOldham£461,3883
M35 9UJLangton CloseFailsworth£395,0003
OL4 2JPMoordale AvenueOldham£394,9905
M35 9XDNew Oak CloseFailsworth£371,6663
M35 9XEYewdale DriveFailsworth£356,6663
OL8 3WEHowardian CloseOldham£342,0003
M35 9XGGlade Wood DriveFailsworth£335,6254
OL4 2AYCelandine CloseOldham£331,32815
OL4 2AWCampion DriveOldham£330,11525
OL4 2PXCounthill RoadOldham£322,79510

Least Expensive Streets in Oldham

PostcodeStreetAreaAverageNo. of Sales
OL1 3ELDrake CloseOldham£46,6653
OL8 2DAMansfield RoadOldham£48,3333
OL1 1TDUnion StreetOldham£49,1995
OL1 3BYJulian HouseHenshaw Street, Oldham£53,8333
OL8 3EYAlton StreetOldham£53,90911
OL8 1BUCheviot CourtPellowe Road£54,5004
OL4 5JXHuxley StreetOldham£60,3333
OL9 7BDChester StreetOldham£61,0003
OL9 7QYTamworth StreetOldham£61,4003
OL8 1QSPort StreetOldham£61,5717

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