The average property price in Preston postcode area is £221k, the median price is £190k. The average price declined by £-4.3k (-2%) over the last twelve months. The price of an established property is £220k. The price of a newly built property is £273k. Most properties were sold in the £100k-£150k price range with 1226 (22.9%) properties sold, followed by £150k-£200k price range with 1163 (21.7%) properties sold. The most affordable place is 'PR1 2' with the average price of £88.6k. The most expensive place is 'PR8 2', £355k.
shows a number of properties sold in a given price range between April 2023 - March 2024.
| Property price range | Market share | Sales volume |
|---|---|---|
| █ under £50k | 1.0% | 54 |
| █ £50k-£100k | 9.7% | 521 |
| █ £100k-£150k | 22.9% | 1.2k |
| █ £150k-£200k | 21.7% | 1.2k |
| █ £200k-£250k | 16.3% | 874 |
| █ £250k-£300k | 10.1% | 540 |
| █ £300k-£400k | 10.7% | 571 |
| █ £400k-£500k | 4.0% | 215 |
| █ £500k-£750k | 2.7% | 147 |
| █ £750k-£1M | 0.7% | 36 |
| █ over £1M | 0.3% | 14 |
| April 2023 - March 2024 | Preston postcode area | England & Wales |
|---|---|---|
| Average price | █ £221k | █ £350k |
| Median price | █ £190k | █ £270k |
Comparison of the average property price and an average price percentage change by postcode area. Price % change compares the average property price between April 2023 - March 2024 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 £221k, Preston is the 21. 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. | SW, South West London | £1.0M |
| 3. | NW, North West London | £1.0M |
| 4. | EC, East Central London | £940k |
| 5. | WC, Western Central London | £906k |
| 6. | N, North London | £753k |
| 7. | KT, Kingston upon Thames | £718k |
| 8. | TW, Twickenham | £656k |
| 9. | AL, St Albans | £637k |
| 10. | SL, Slough | £622k |
| ... | ||
| 85. | PR, Preston | £221k |
| ... | ||
| 95. | OL, Oldham | £190k |
| 96. | BD, Bradford | £187k |
| 97. | HU, Hull | £185k |
| 98. | WN, Wigan | £177k |
| 99. | DN, Doncaster | £176k |
| 100. | FY, Blackpool | £173k |
| 101. | DL, Darlington | £169k |
| 102. | BB, Blackburn | £159k |
| 103. | TS, Cleveland | £159k |
| 104. | DH, Durham | £152k |
| 105. | SR, Sunderland | £135k |
Yearly average nominal house prices adjusted for inflation.
| Real average price - nominal price adjusted for inflation | ||
|---|---|---|
| Year | Preston postcode area | England & Wales |
| 2024 | £217k | £317k |
| 2023 | £244k | £387k |
| 2022 | £273k | £439k |
| 2021 | £276k | £434k |
| 2020 | £261k | £412k |
| 2019 | £255k | £394k |
| 2018 | £256k | £403k |
| 2017 | £261k | £412k |
| 2016 | £260k | £406k |
| 2015 | £254k | £394k |
| 2014 | £248k | £387k |
| 2013 | £250k | £380k |
| 2012 | £252k | £379k |
| 2011 | £267k | £389k |
| 2010 | £289k | £413k |
| 2009 | £284k | £371k |
| 2008 | £300k | £393k |
| 2007 | £319k | £415k |
| 2006 | £315k | £397k |
| 2005 | £304k | £379k |
| 2004 | £289k | £368k |
| 2003 | £247k | £331k |
| 2002 | £203k | £298k |
| 2001 | £176k | £262k |
| 2000 | £162k | £243k |
| 1999 | £158k | £221k |
| 1998 | £154k | £203k |
| 1997 | £150k | £192k |
| 1996 | £147k | £180k |
| 1995 | £145k | £177k |
Yearly average nominal prices compared to England & Wales' house prices
| Nominal average price | ||
|---|---|---|
| Year | Preston postcode area | England & Wales |
| 2024 | £217k | £317k |
| 2023 | £222k | £352k |
| 2022 | £224k | £360k |
| 2021 | £217k | £342k |
| 2020 | £203k | £320k |
| 2019 | £192k | £296k |
| 2018 | £187k | £294k |
| 2017 | £184k | £290k |
| 2016 | £179k | £280k |
| 2015 | £174k | £270k |
| 2014 | £166k | £258k |
| 2013 | £162k | £247k |
| 2012 | £159k | £238k |
| 2011 | £160k | £233k |
| 2010 | £165k | £236k |
| 2009 | £163k | £213k |
| 2008 | £166k | £217k |
| 2007 | £169k | £219k |
| 2006 | £161k | £204k |
| 2005 | £152k | £189k |
| 2004 | £140k | £179k |
| 2003 | £116k | £156k |
| 2002 | £94.0k | £138k |
| 2001 | £80.0k | £119k |
| 2000 | £71.5k | £108k |
| 1999 | £68.7k | £96.0k |
| 1998 | £64.8k | £85.4k |
| 1997 | £61.2k | £78.5k |
| 1996 | £58.6k | £71.5k |
| 1995 | £55.8k | £67.9k |
Yearly average nominal price per square metre compared to England & Wales' house prices
| Nominal average price per m2 | ||
|---|---|---|
| Year | Preston postcode area | England & Wales |
| 2024 | £2.3k | £3.4k |
| 2023 | £2.3k | £3.6k |
| 2022 | £2.3k | £3.7k |
| 2021 | £2.1k | £3.4k |
| 2020 | £2.0k | £3.2k |
| 2019 | £1.9k | £3.0k |
| 2018 | £1.9k | £3.0k |
| 2017 | £1.8k | £3.0k |
| 2016 | £1.8k | £2.9k |
| 2015 | £1.7k | £2.7k |
| 2014 | £1.6k | £2.6k |
| 2013 | £1.6k | £2.5k |
| 2012 | £1.6k | £2.4k |
| 2011 | £1.6k | £2.4k |
| 2010 | £1.6k | £2.3k |
| 2009 | £1.6k | £2.1k |
| 2008 | £1.7k | £2.2k |
| 2007 | £1.7k | £2.3k |
| 2006 | £1.6k | £2.1k |
| 2005 | £1.6k | £2.0k |
| 2004 | £1.4k | £1.8k |
| 2003 | £1.1k | £1.6k |
| 2002 | £904 | £1.4k |
| 2001 | £771 | £1.2k |
| 2000 | £695 | £1.1k |
| 1999 | £659 | £969 |
| 1998 | £624 | £863 |
| 1997 | £602 | £790 |
| 1996 | £573 | £710 |
| 1995 | £557 | £681 |
Yearly average nominal prices
Yearly average nominal prices
| Property type | Current average price |
|---|---|
| █ Detached | £369k |
| █ Flat | £118k |
| █ Semi-Detached | £210k |
| █ Terraced | £145k |
| Local authority | Median house price to median salary ratio in 2022 |
|---|---|
| Preston | 5.5 |
| Wyre | 5.5 |
| Chorley | 5.6 |
| South Ribble | 6 |
| Fylde | 6.6 |
| England and Wales | 8.16 |
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