The average property value in Manchester is £242,631 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Manchester grew by £24,232. Compare house prices by area
Average property prices in Manchester grew by 11.1% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 5.2% per year.
If prices in Manchester continue to rise by 5.2% a year, the average property price will be £297,295 in 2025.
There were 4,696 property sales in Manchester in the year ending June 2021, a decrease of 333 when compared to the previous year.
The average price for a house in Manchester ranges from £212,710 for a terraced house to £394,118 for a detached house, with semi-detached in between costing on average £279,458.
The average price for a flat or maisonette in Manchester is £212,597.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Manchester, terraced house prices have risen the most between the years ending 2011 and 2021, and detached house prices have grown the least.
Detached house prices have risen 51.4% from £260,324 to £394,118, semi-detached house prices have risen 64.6% from £169,814 to £279,458, terraced house prices have risen 76.2% from £120,739 to £212,710, and flat prices have risen 54.3% from £137,820 to £212,597.
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The most common type of property sold in Manchester during the year ending June 2021 was terraced houses, which accounted for 32.5% of properties.
The least commonly available type of property sold in Manchester were detached houses, which account for 4.6% of properties sold.
Of the properties sold in Manchester during 2021, 2.7% were new build properties.
The average price paid for a new build property in Manchester was £24,118 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was flats (63% of new build properties sold). For existing properties, the most common type is terraced houses (35% of existing properties sold).
The most common price band for property sales in Manchester is £200k - £300k, which accounted for 18.3% of properties sold in 2021.
0.1% of properties in Manchester had a price over £1 million. For comparison, in England, 2.1% of property sales were priced at over £1 million.
The cheapest properties in Manchester were in the under £50k price bracket, accounting for 0.3% of sales.
Average property price
YoY change in price
Average Property Price
YoY CHANGE in PRICE
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics