Manchester House Prices, Greater Manchester
Manchester is a borough, located in Greater Manchester.
Manchester House Prices
As of June, 2024, the average house prices in Manchester are as follows:
- studio – £129,995 (-4.17%)
- 1 bedroom flat – £182,750 (-2.62%)
- 2 bedroom flat – £271,937 (-2.67%)
- 3 bedroom flat – £364,996 (-11.96%)
- 4 bedroom flat – £697,500 (-6.32%)
- 5 bedroom flat – £525,000 (-1.31%)
Keep in mind that these are simply the average rates for 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 Manchester, let’s explore how sales are trending this year.
Selling Trends
- As of June, 2024, the average Manchester house price is £245,000, low by 2% as of £250,000 in May, 2024.
- Currently, there are 3,240 houses for sale and an average of 54 property sales per month. Demand in the real estate market is low, so that price may fall.
Check back next month for updated Manchester house prices.
Manchester House Prices Growth
The average house price in Manchester over the last 5 years is as follows:
- 2019-06 – £202,317
- 2020-06 – £223,207 (10.33%)
- 2021-06 – £243,247 (8.98%)
- 2022-06 – £262,916 (8.09%)
- 2023-06 – £237,048 (-9.84%)
- 2024-06 – £225,875 (-4.71%)
Sold house prices in Manchester have dropped from June, 2023 to June, 2024. Compared to June, 2019, house prices are now up 11%. Thus, if the trend continues, purchasing real estate in Manchester in the current climate could be favourable, with the potential for an attractive profit in the future.
In addition to checking the average Manchester house prices, it’s also wise to keep an eye on house rent prices in 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 Manchester.
Read more about Manchester areas: Blackley, Cheetham Hill, Chorlton-cum-Hardy, Didsbury, Fallowfield, Hulme, Longsight, Moss Side, Newton Heath, Northenden, Ringway, Rusholme, Withington, Wythenshawe.