Greater Manchester property prices

The average property price in Greater Manchester county is £228k. The average price increased by £27.6k (14%) over the last twelve months. The price of an established property is £227k. The price of a newly built property is £254k. There were 32.0k property sales and sales dropped by 10.2% (-4.0k transactions). Most properties were sold in the £100k-£150k price range with 6985 (21.8%) properties sold, followed by £150k-£200k price range with 6785 (21.2%) properties sold.

August 2020 - July 2021

Greater Manchester county

England and Wales

£228k

average property price

£339k

average property price

14%

average price percentage change

12%

average price percentage change

£27.6k

average price change

£37.1k

average price change

Greater Manchester house prices map

This price map shows the average property price in a given postcode sector between August 2020 - July 2021. The most affordable place was 'BL1 2' with the average price of £82.9k. The most expensive place was 'WA15 0', £1.1M.

Greater Manchester house prices map

Greater Manchester house prices compared to other counties

Comparison of the average property price and an average price percentage change by county. Price % change compares the average property price between August 2020 - July 2021 to the average price in the previous 12 months. The size of the circle shows the number of property transactions. The bigger the circle the higher the sales volumes in county.

Greater Manchester house prices compared to other countiesAverage price percentage change
Average property price

Greater Manchester house price rank

With the average price of £228k, Greater Manchester is the 19. cheapest county out of 55 England and Wales' counties.

Greater Manchester house price rank

Greater Manchester property sales share by price range

shows a number of properties sold in a given price range between August 2020 - July 2021.

Greater Manchester property sales share by price range
Property price rangeMarket shareSales volumes
under £50k0.6%181
£50k-£100k12.4%4.0k
£100k-£150k21.8%7.0k
£150k-£200k21.2%6.8k
£200k-£250k13.6%4.4k
£250k-£300k10.1%3.2k
£300k-£400k10.6%3.4k
£400k-£500k4.8%1.5k
£500k-£750k3.6%1.2k
£750k-£1M0.9%282
over £1M0.4%140

Greater Manchester cost comparison of new homes and older homes

August 2020 - July 2021

Greater Manchester cost comparison of new homes and older homes

£254k

A newly built property

£227k

An established property

Greater Manchester cost comparison of houses and flats

August 2020 - July 2021

Greater Manchester cost comparison of houses and flats

£397k

Detached

£175k

Flat

£238k

Semi-Detached

£162k

Terraced

Greater Manchester real house prices

Yearly average nominal house prices adjusted for inflation.

Greater Manchester real house prices

Greater Manchester house prices compared to England & Wales' house prices

Yearly average nominal prices

Greater Manchester house prices

Greater Manchester house prices per square meter

Yearly average nominal prices per square meter.

Average price per square meter

Greater Manchester house prices and nearby counties

Yearly average nominal prices

Greater Manchester house prices and nearby counties

Greater Manchester house prices new vs established

Yearly average nominal prices. Graphs shows a difference between house prices of newly built properties and house prices of established residential properties.

Greater Manchester house prices new vs established

Greater Manchester house prices by property type

Yearly average nominal prices

Greater Manchester house prices by property type

Greater Manchester house price to earnings ratio

The median property price to median earnings ratio is ranging between 5.1 in Bolton and 8.1 in Trafford. Ie. Bolton resident with middle-income needs 5.1 gross annual salaries to buy a medium-priced property. Resident in Trafford needs 8.1 annual salaries. The England and Wales ratio was 7.7 in 2019.
Greater Manchester house price to earnings ratio history

Local authorityMedian house price to median salary ratio in 2019
Bolton5.1
Oldham5.3
Rochdale5.3
Wigan5.3
Tameside5.7
Bury5.8
Salford6.1
Manchester6.8
Stockport7
England and Wales7.7
Trafford8.1

Other reports for Greater Manchester county

new home prices

property transactions

salary and unemployment

population statistics

energy costs

crime statistics

home features

home energy certificates

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