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House Prices in M23

The average house price in M23 (Manchester) is £220,000 using HM Land Registry data.

The average property price increased by £101,260 (43.1%) over the last 5 years and increased by £20,243 (5.83%) over the last 12 months.

Over the last year, there were 222 residential property sales – a decrease of 120 transactions (-54.05%) relative to the previous year. The majority of house sales (66) were in the £198,000 - £246,000 range. Then came properties in the £246,000 - £294,000 range, where 49 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 53 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,587 (-2%).

In June 2024, there were 51 new estate agency instructions, 54 agreed home sales and 21 property price reductions.

5-Year Average Property Prices in M23 (Manchester)

43.1%

Property prices in Manchester increased by 43.1% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in M23 (Manchester) Over the Last Year

5.83%

Property prices in Manchester increased by 5.83% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for M23 (Manchester) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in M23 (Manchester)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in M23 (Manchester)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in M23 (Manchester)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the M23 (Manchester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the M23 postcode area since 1995.

Recent Sales in M23 (Manchester)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
16 Tottenham Drive, Baguley, Manchester, Greater Manchester, M23 9WZ	£325,000	£317,000	-£8,000	28 Jan 2024	15 May 2024	108 Days
35 Kerscott Road, Manchester, Greater Manchester, M23 0GD	£365,000	£363,000	-£2,000	29 Jan 2024	14 May 2024	106 Days
156 Kerscott Road, Manchester, Greater Manchester, M23 0GP	£325,000	£315,000	-£10,000	18 Jul 2023	26 Apr 2024	283 Days
38 Gateacre Walk, Manchester, Greater Manchester, M23 9BA	£275,000	£275,000	£00	07 Sep 2023	22 Mar 2024	197 Days
25 Rowarth Road, Manchester, Greater Manchester, M23 2WU	£210,000	£195,000	-£15,000	08 Nov 2023	01 Mar 2024	114 Days
4 Redburn Road, Manchester, Greater Manchester, M23 1AJ	£288,000	£283,000	-£5,000	19 Jul 2023	16 Feb 2024	212 Days
27 Maple Road, Manchester, Greater Manchester, M23 9HN	£450,000	£433,950	-£16,050	21 Jul 2023	22 Jan 2024	185 Days
3 Barry Road, Manchester, Greater Manchester, M23 0FH	£265,000	£250,000	-£15,000	10 Jul 2023	22 Jan 2024	196 Days
58 Wendover Road, Manchester, Greater Manchester, M23 9FN	£245,000	£233,100	-£11,900	22 Jun 2023	19 Jan 2024	211 Days
18a, Arden Lodge Road, Manchester, Greater Manchester, M23 9AE	£225,000	£225,000	£00	07 Sep 2023	20 Dec 2023	104 Days
83 Firbank Road, Manchester, Greater Manchester, M23 2ZN	£249,995	£243,000	-£6,995	10 Aug 2023	11 Dec 2023	123 Days
172 Lawnhurst Avenue, Wythenshawe, Manchester, Greater Manchester, M23 9RQ	£315,000	£315,000	£00	24 Apr 2023	08 Dec 2023	228 Days
9 Cleeve Road, Manchester, Greater Manchester, M23 0FT	£215,000	£215,000	£00	28 Jul 2023	08 Dec 2023	133 Days
27 Nightingale Gardens, Manchester, Greater Manchester, M23 0NY	£30,000	£30,000	£00	23 May 2023	05 Dec 2023	196 Days
25 Fell Park Road, Manchester, Greater Manchester, M23 0EX	£275,000	£273,000	-£2,000	25 Sep 2023	04 Dec 2023	70 Days
32 Warmley Road, Manchester, Greater Manchester, M23 9FP	£295,000	£290,000	-£5,000	10 Jul 2023	17 Nov 2023	130 Days
55 Chesterton Road, Manchester, Greater Manchester, M23 9LA	£279,950	£270,000	-£9,950	27 Jul 2023	17 Nov 2023	113 Days
72 Yew Tree Lane, Manchester, Greater Manchester, M23 0DR	£279,995	£268,000	-£11,995	14 Aug 2023	15 Nov 2023	93 Days
301 Brooklands Road, Manchester, Greater Manchester, M23 9HE	£875,000	£825,000	-£50,000	02 Nov 2023	10 Nov 2023	8 Days
84 Shady Lane, Manchester, Greater Manchester, M23 9NN	£179,950	£38,000	-£141,950	01 Sep 2016	09 Nov 2023	2625 Days

Most Expensive Streets in M23 (Manchester)

Postcode	Street	Area	Average	No. of Sales
M23 9HE	Brooklands Road	Manchester	£820,000	3
M23 9HF	Brooklands Road	Manchester	£735,400	5
M23 9HB	Brooklands Road	Manchester	£707,125	4
M23 9JU	New Forest Road	Manchester	£603,333	3
M23 1PY	Saxfield Drive	Manchester	£588,333	3
M23 0PH	Wythenshawe Road	Manchester	£581,000	5
M23 9JR	Fairwood Road	Manchester	£468,000	4
M23 9NB	Dobbinetts Lane	Manchester	£433,200	5
M23 0AF	Moorcroft Road	Manchester	£405,000	4
M23 9JQ	Goodwood Avenue	Manchester	£397,000	5

Least Expensive Streets in M23 (Manchester)

Postcode	Street	Area	Average	No. of Sales
M23 1HR	Southmoor 23, Glebelands Road	Manchester	£69,224	12
M23 1LZ	Porlock Road	Manchester	£88,500	3
M23 9DG	Downham Walk	Manchester	£89,333	3
M23 9HY	Guardian Mews	Manchester	£89,716	9
M23 1DJ	Hall Lane	Manchester	£114,000	7
M23 2SJ	Stapleford Close	Manchester	£116,800	5
M23 1FX	Bramcote Avenue	Manchester	£119,500	5
M23 9QQ	Altrincham Road	Manchester	£122,166	3
M23 1DL	Hall Lane	Manchester	£122,636	11
M23 9FS	Farncombe Close	Manchester	£126,125	4