Manchester property prices

The average property price in Manchester postcode area is £245k, the median price is £215k. The average price declined by £-5.8k (-2%) over the last twelve months. The price of an established property is £245k. The price of a newly built property is £235k. There were 10.5k property sales and sales dropped by 36.9% (-6.9k transactions). Most properties were sold in the £150k-£200k price range with 2445 (23.2%) properties sold, followed by £200k-£250k price range with 2027 (19.3%) properties sold.

November 2023Manchester postcode areaEngland & Wales
Average price£245k£352k
Median price£215k£270k

Manchester house prices map

This price map shows the average property price in a given postcode sector. The most affordable place is 'M4 2' with the average price of £118k. The most expensive place is 'M21 8', £494k.

Manchester house prices map

Manchester house prices compared to other areas

Comparison of the average property price and an average price percentage change by postcode area. Price % change compares the average property price between November 2022 - October 2023 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 postcode area.

Manchester house prices compared to other areasAverage price percentage change
Average property price

Manchester house price rank

With the average price of £245k, Manchester is the 31. cheapest postcode area out of 105 England and Wales' postcode areas.

Manchester house price rank
Price ranking
Rankpostcode areaAverage price
1.W, West London£1.2M
2.NW, North West London£1.1M
3.SW, South West London£1.0M
4.WC, Western Central London£989k
5.EC, East Central London£976k
6.N, North London£752k
7.KT, Kingston upon Thames£726k
8.TW, Twickenham£653k
9.AL, St Albans£645k
10.SL, Slough£619k
...
75.M, Manchester£245k
...
95.OL, Oldham£192k
96.BD, Bradford£188k
97.HU, Hull£186k
98.WN, Wigan£178k
99.DN, Doncaster£178k
100.FY, Blackpool£176k
101.DL, Darlington£167k
102.TS, Cleveland£159k
103.BB, Blackburn£158k
104.DH, Durham£149k
105.SR, Sunderland£136k

Manchester property sales share by price range

shows a number of properties sold in a given price range between November 2022 - October 2023.

Manchester property sales share by price range
Property price rangeMarket shareSales volume
under £50k0.3%32
£50k-£100k4.9%513
£100k-£150k16.7%1.8k
£150k-£200k23.2%2.4k
£200k-£250k19.3%2.0k
£250k-£300k13.1%1.4k
£300k-£400k12.7%1.3k
£400k-£500k5.2%548
£500k-£750k3.6%380
£750k-£1M0.8%80
over £1M0.3%27

Plumplot area insights - interactive charts and maps

Plumplot area insights - interactive maps and charts

Manchester real house prices

Yearly average nominal house prices adjusted for inflation.

Manchester real house prices

Real average price - nominal price adjusted for inflation
YearManchester postcode areaEngland & Wales
2023£242k£349k
2022£282k£402k
2021£276k£396k
2020£260k£377k
2019£240k£358k
2018£239k£368k
2017£238k£374k
2016£225k£370k
2015£208k£359k
2014£209k£351k
2013£204k£345k
2012£212k£345k
2011£217k£354k
2010£228k£375k
2009£222k£339k
2008£238k£358k
2007£261k£377k
2006£255k£362k
2005£239k£347k
2004£220k£336k
2003£189k£302k
2002£163k£272k
2001£138k£238k
2000£127k£221k
1999£118k£201k
1998£116k£185k
1997£111k£175k
1996£106k£164k
1995£108k£161k

Manchester house prices

Yearly average nominal prices compared to England & Wales' house prices

Manchester house prices

Nominal average price
YearManchester postcode areaEngland & Wales
2023£242k£349k
2022£252k£359k
2021£238k£342k
2020£220k£320k
2019£198k£296k
2018£191k£294k
2017£184k£290k
2016£170k£280k
2015£156k£270k
2014£154k£258k
2013£146k£247k
2012£146k£238k
2011£143k£233k
2010£144k£236k
2009£140k£213k
2008£144k£217k
2007£152k£219k
2006£143k£204k
2005£131k£189k
2004£117k£179k
2003£97.5k£156k
2002£82.9k£138k
2001£69.1k£119k
2000£61.5k£108k
1999£56.3k£96.0k
1998£53.2k£85.4k
1997£49.7k£78.5k
1996£46.4k£71.5k
1995£45.7k£67.9k

Manchester house prices per square metre

Yearly average nominal price per square metre compared to England & Wales' house prices

Manchester house prices per square metre

Nominal average price per m2
YearManchester postcode areaEngland & Wales
2023£2.8k£3.6k
2022£2.9k£3.7k
2021£2.7k£3.4k
2020£2.6k£3.2k
2019£2.3k£3.0k
2018£2.2k£3.0k
2017£2.1k£3.0k
2016£2.0k£2.9k
2015£1.8k£2.7k
2014£1.8k£2.6k
2013£1.6k£2.5k
2012£1.6k£2.4k
2011£1.6k£2.4k
2010£1.6k£2.4k
2009£1.6k£2.1k
2008£1.7k£2.2k
2007£1.8k£2.3k
2006£1.7k£2.1k
2005£1.5k£2.0k
2004£1.4k£1.8k
2003£1.1k£1.6k
2002£935£1.4k
2001£750£1.2k
2000£676£1.1k
1999£599£969
1998£564£863
1997£518£790
1996£488£710
1995£481£681

Manchester house prices and nearby areas

Yearly average nominal prices

Manchester house prices and nearby areas

Manchester house prices by property type

Yearly average nominal prices

Manchester house prices by property type

Property typeCurrent average price
Detached£420k
Flat£181k
Semi-Detached£284k
Terraced£212k

Manchester house price to earnings ratio

The median property price to median earnings ratio is ranging between 6.7 in Bury and 9.1 in Trafford. Ie. Bury resident with middle-income needs 6.7 gross annual salaries to buy a medium-priced property. Resident in Trafford needs 9.1 annual salaries. The England and Wales ratio was 8.16 in 2022.
Manchester house price to earnings ratio history
Local authorityMedian house price to median salary ratio in 2022
Bury6.7
Salford7.1
Manchester7.9
England and Wales8.16
Trafford9.1

Other reports for Manchester postcode area

house prices per square metre

new home prices

property transactions

salary and unemployment

home features

crime statistics

home energy efficiency

energy costs

population statistics

plumplot area insights tutorial
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