What is the Average Property Price in Manchester?

Manchester is known as the “Capital of the North” and has gained recognition not just for its rich history, vibrant culture, and thriving economy, but also for its dynamic property market. Whether you’re a first-time buyer, an investor, or someone looking to sell, understanding the average property prices in Manchester is crucial to making informed decisions. In this article, we explore the current average property prices, the factors influencing them, and what the future holds for Manchester’s property market.

Average property prices in Manchester

As of late 2024, the average property price in Manchester is approximately £256,000, with prices having stayed around this figure since 2023. Despite the North West seeing a 5.7% rise in property prices over the past year, Manchester’s market has remained stable, showing how the city offers opportunities for buyers and investors alike.

Breakdown by property type

Here’s a look at the current average property prices by type in Manchester:

• Semi-detached properties: £303,561
• Terraced properties: £246,878
• Flats and apartments: £202,382

For first-time buyers, the average price stands at £236,000, which is significantly more affordable compared to the UK national average of £289,707. This makes Manchester an attractive destination for young professionals and families looking to get on the property ladder.

Are Manchester’s property prices stable?

While some regions in the UK have experienced sharp fluctuations in property prices, Manchester’s property market has remained relatively stable. Here are the key factors contributing to this:

Strong rental demand

Manchester’s growing student population, coupled with young professionals moving into the city for its thriving job market, has led to a demand for rental properties. In fact, the average monthly rent in Manchester rose to £1,291 in December 2024, an 11.3% increase from the previous year. This consistent rental demand is helping to keep property values stable in the city.

Infrastructure investments

Major investments in infrastructure projects, such as the Manchester Metrolink expansion and the Northern Powerhouse initiative, have improved connectivity and attracted businesses to the city, which in turn has caused a steady demand for housing.

Economic growth

Manchester’s economy has diversified significantly over the past decade, moving past its industrial roots into sectors such as technology, media, and finance. This economic growth has supported steady demand for property in the city, despite market fluctuations across the rest of the UK.

What areas in Manchester are the best value for money?

If you’re looking for the best value for your money, Manchester offers a number of attractive choices. These areas offer affordable prices without compromising on amenities or connectivity:

Wythenshawe

Located in south Manchester, Wythenshawe is known for its affordable properties, with terraced houses and semi-detached homes averaging £250,964. Home to Wythenshawe Park, the Airport city development and just a short journey from the city centre, this area has seen increasing interest from first-time buyers and young families.

Harpurhey

Just three miles north of the Manchester centre, Harpurhey is another budget-friendly option, with properties averaging £132,926. With good schools, local amenities and a strong community spirit, it’s a great choice for first-time buyers and investors looking for high rental yields.

Cheetham Hill

Close to the city centre, Cheetham Hill provides a balance of affordability and proximity to Manchester’s bustling core. With shopping centres, parks and ongoing investments in its roads and houses, it’s popular among renters and buyers alike. Property prices here are £197,887 on average.

Didsbury and Chorlton

For those with a larger budget, Didsbury and Chorlton are desirable areas known for their lively atmospheres and excellent schools. While property prices here are significantly higher (£400,369 and £371,361 respectively), both these suburbs offer plenty of green spaces, independent shops, cafes and excellent transport links. 

Manchester’s property market forecast

Looking ahead to the rest of 2025, Manchester’s property market is expected to remain stable, which is good news for both sellers and buyers. Here are some trends to watch out for this year:

Increased demand for flats

With a growing population of students and young professionals, demand for city centre apartments is likely to continue to rise.

Focus on sustainable housing

Developers are increasingly incorporating eco-friendly designs into new builds, appealing to environmentally conscious buyers.

Ongoing regeneration projects

Areas undergoing regeneration, such as Ancoats and New Islington, will continue to attract attention from investors and buyers, bringing more growth to the city. 

Looking to sell?

If you want to move to Manchester’s city centre or one of its surrounding areas, but need to sell your house fast, we’ve got you covered. At Sell House Fast, our cash house buyer service enables you to sell your house ‘as-is’ for cash, giving you the freedom to move forward with certainty and peace of mind.  With a process that’s clear and transparent, and the ability to complete sales as fast as you require, you can trust us to handle your sale efficiently and professionally. Get in touch today for your free cash offer.