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 2023 | Manchester postcode area | England & Wales |
|---|---|---|
| Average price | █ £245k | █ £352k |
| Median price | █ £215k | █ £270k |
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.
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.
Average price percentage changeWith the average price of £245k, Manchester is the 31. cheapest postcode area out of 105 England and Wales' postcode areas.
| Price ranking | ||
|---|---|---|
| Rank | postcode area | Average 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 |
shows a number of properties sold in a given price range between November 2022 - October 2023.
| Property price range | Market share | Sales volume |
|---|---|---|
| █ under £50k | 0.3% | 32 |
| █ £50k-£100k | 4.9% | 513 |
| █ £100k-£150k | 16.7% | 1.8k |
| █ £150k-£200k | 23.2% | 2.4k |
| █ £200k-£250k | 19.3% | 2.0k |
| █ £250k-£300k | 13.1% | 1.4k |
| █ £300k-£400k | 12.7% | 1.3k |
| █ £400k-£500k | 5.2% | 548 |
| █ £500k-£750k | 3.6% | 380 |
| █ £750k-£1M | 0.8% | 80 |
| █ over £1M | 0.3% | 27 |
Yearly average nominal house prices adjusted for inflation.
| Real average price - nominal price adjusted for inflation | ||
|---|---|---|
| Year | Manchester postcode area | England & 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 |
Yearly average nominal prices compared to England & Wales' house prices
| Nominal average price | ||
|---|---|---|
| Year | Manchester postcode area | England & 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 |
Yearly average nominal price per square metre compared to England & Wales' house prices
| Nominal average price per m2 | ||
|---|---|---|
| Year | Manchester postcode area | England & 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 |
Yearly average nominal prices
Yearly average nominal prices
| Property type | Current average price |
|---|---|
| █ Detached | £420k |
| █ Flat | £181k |
| █ Semi-Detached | £284k |
| █ Terraced | £212k |
| Local authority | Median house price to median salary ratio in 2022 |
|---|---|
| Bury | 6.7 |
| Salford | 7.1 |
| Manchester | 7.9 |
| England and Wales | 8.16 |
| Trafford | 9.1 |
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