Manchester House Prices Hit £250,000
Manchester median house price now £118,000, with 472,253 sales recorded
Introduction to Manchester House Prices
The median house price in Manchester has reached £118,000, with a total of 472,253 recorded sales. The city's property market has experienced significant growth over the years, with prices increasing steadily since the mid-1990s. The current price range in Manchester is £150 to £4,850,000, indicating a diverse range of properties available for sale.
Long-term Price Trends
Looking at the long-term trends, the median house price in Manchester has increased substantially since 1995, when it was £41,000. In the early years of the series, prices remained relatively stable, with a median price of £41,083 in 1996 and £43,519 in 1997. However, from 2000 onwards, prices began to rise more sharply, with the median price reaching £50,000 in 2000, £100,000 in 2004, and £200,000 in 2020. The latest median price of £250,000 in 2026 represents a significant increase of over £209,000 since 1995.
Price per Square Metre
The price per square metre in Manchester is £1,703, providing an indication of the cost of purchasing a property in the city. This figure can be useful for buyers looking to purchase a property, as it allows them to compare the cost of different properties and make a more informed decision.
Comparison with Early Years
Comparing the early years of the series with the latest data, it is clear that the Manchester property market has experienced significant growth. The median price in 1995 was £41,000, which is less than one-fifth of the current median price. The number of recorded sales has also increased substantially, with 472,253 sales recorded to date.
Real-terms Price Changes
When adjusting for inflation, the long-term trend in Manchester house prices is still one of growth, although at a slower rate. The median price in 1995 was £41,000, which is equivalent to approximately £73,000 in today's prices. This means that the real-terms increase in the median price since 1995 is around £45,000.
How this Compares
In comparison to other UK cities, Manchester's median house price of £118,000 is relatively affordable. The city's property market offers a range of options for buyers, from £150 to £4,850,000, making it an attractive option for those looking to purchase a property.
Your Questions
- What is the current median house price in Manchester?
- The current median house price in Manchester is £118,000.
- How many recorded sales have there been in Manchester?
- There have been 472,253 recorded sales in Manchester.
- What is the price range of properties available in Manchester?
- The price range of properties available in Manchester is £150 to £4,850,000.
Figures from HM Land Registry price paid data (Crown copyright, OGL v3.0). — explore the live data on the Manchester page.