Greater Manchester House Prices

As of June, 2024, the average house prices in Greater Manchester are as follows:

studio – £124,995 (0.12%)
1 bedroom flat – £143,000 (4%)
2 bedroom flat – £200,000 (2.56%)
3 bedroom flat – £285,000 (1.79%)
4 bedroom flat – £465,000 (2.76%)
5 bedroom flat – £700,000 (7.69%)

Keep in mind that these are simply the average rates for Greater Manchester house prices, so you can find quality properties for more or less than these numbers. In addition to this month’s sold house prices in Greater Manchester, let’s explore how sales are trending this year.

Selling Trends

As of June, 2024, the average Greater Manchester house price is £285,999, high by 5.93% as of £270,000 in May, 2024.
Currently, there are 10,781 houses for sale and an average of 991 property sales per month. The real estate market is stable, with a good balance between properties for sale and buyer demand, resulting in stable prices.

Check back next month for updated Greater Manchester house prices.

Greater Manchester House Prices Growth

The average house price in Greater Manchester over the last 5 years is as follows:

2019-06 – £177,259
2020-06 – £185,193 (4.48%)
2021-06 – £203,994 (10.15%)
2022-06 – £217,931 (6.83%)
2023-06 – £232,019 (6.46%)
2024-06 – £227,622 (-1.9%)

Sold house prices in Greater Manchester have dropped from June, 2023 to June, 2024. Compared to June, 2019, house prices are now up 28%. Thus, if the trend continues, purchasing real estate in Greater Manchester in the current climate could be favourable, with the potential for an attractive profit in the future.

In addition to checking the average Greater Manchester house prices, it’s also wise to keep an eye on house rent prices in Greater Manchester. If you aren’t quite ready to buy or want to purchase an investment property, it’s a good idea to stay up-to-date on the latest rent rates!

Check back to HowToEstate soon for updated prices on renting, buying, and selling property in Greater Manchester.