Over the past year, the average price of properties in Manchester was £244,756 which was flat year on year, but 19% higher than the peak price of £206,135 in 2019.
House prices by house type in Manchester
A semi-detached property sold for an average price of £278,961 during the last year in Manchester. The average sale price for terraced properties was £213,333, while the average sale price for flats was £198,335.
Lets see how this shapes up on a graph over the last few months:
If you are looking for the best estate agents in Manchester to value your flat, terraced, semi-detached or detached house then please click here.
Sales volumes by price range in Norwich
In Manchester there were a grand total of 4,900 transactions – this represents a drop of 28.6% from 7,200 transactions in the prior twelve months.
The large majority of properties in Manchester were sold in the £150,000-£200,000 price range representing 25% of all properties transacted.
Interestingly only 14 properties sold for less than £50,000 and, similarly, only 16 properties sold for over £1,000,000.
New build properties generally fetch a reasonable premium in Manchester with the average new build costing £340,000 vs an established property with the average value of £233,000. This represents a 46% premium but we’d need to analyse property types to get the full picture as Manchester is made up of lots of terraced properties. The data also shows that very few New Builds sell vs established properties so there may be a supply issue.
Monthly featured property
Shall we look at the most expensive property on the market in Manchester as of August 2022?
There are two separate outbuildings on the estate comprising of a self-contained two bedroom apartment and a one bedroom apartment, in addition to the stunning 4 bedroom detached main residence. I think you’ll agree, it’s pretty stunning.
Located in the affluent and sought-after area of Ellesmere Park in Eccles, the estate is completely private and the pinnacle of luxury living in Manchester City Centre. In addition to being located near country parks, the property is only 5 miles from the city center.
The team at homemove are keen to keep track of Manchester house prices – keep coming back for monthly updates on the house prices for Manchester in August 2022 and beyond!
