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Oldham House Prices Oldham House Prices

The average house price in Oldham is £160,423 using HM Land Registry data.

The average property price increased by £59,893 (53.93%) over the last 5 years and increased by £11,973 (7.53%) over the last 12 months.

Over the last year, there were 581 residential property sales – a decrease of 207 transactions (-35.63%) relative to the previous year. The majority of house sales (145) were in the £112,000 - £144,000 range. Then came properties in the £144,000 - £176,000 range, where 116 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 88 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,198 (-2%).

In Oct 24, there were 81 new estate agency instructions, 83 agreed home sales and 50 property price reductions.

Neighbouring Areas: Royton, Lees, Chadderton, Failsworth, Ashton-under-Lyne

Postcodes Covered: M35, OL1, OL2, OL4, OL8, OL9

5-Year Average Property Prices in Oldham

53.93%

Property prices in Oldham increased by 53.93% 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 Oldham Over the Last Year

7.53%

Property prices in Oldham increased by 7.53% 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.

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).

Property Market Heat Gauge for Oldham - Oct 24

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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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 Oldham

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 Oldham

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 Oldham

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 Oldham since 1995

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

Recent Property Sales in Oldham

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
4 Wrexham Close, Oldham, Greater Manchester, OL8 4SQ£180,000£177,000-£3,00024 Jan 202419 Aug 2024208 Days
44 Dunham Street, Lees, Oldham, Greater Manchester, OL4 3NH£150,000£147,000-£3,00019 Jan 202414 Aug 2024208 Days
6 Pool Street, Oldham, Greater Manchester, OL8 1LJ£120,000£120,000£0024 Jul 202312 Aug 2024385 Days
42 Church Street East, Oldham, Greater Manchester, OL4 2JQ£215,000£202,500-£12,50010 Apr 202408 Aug 2024120 Days
138 Oxford Street, Oldham, Greater Manchester, OL9 7SH£170,000£170,000£0008 Nov 202331 Jul 2024266 Days
6 Clarksfield Street, Oldham, Greater Manchester, OL4 3AN£130,000£128,000-£2,00002 Apr 202430 Jul 2024119 Days
26 Sidney Street, Oldham, Greater Manchester, OL1 3JX£110,000£110,000£0016 Nov 202326 Jul 2024253 Days
5 Buller Street, Oldham, Greater Manchester, OL4 2DS£200,000£190,000-£10,00005 Feb 202426 Jul 2024172 Days
18 Stockton Park, Oldham, Greater Manchester, OL4 3BG£200,000£200,000£0022 Mar 202419 Jul 2024119 Days
42 Higher Fullwood, Oldham, Greater Manchester, OL1 4NL£170,000£165,000-£5,00008 Feb 202412 Jul 2024155 Days
18 Ninth Avenue, Oldham, Greater Manchester, OL8 3LS£160,000£158,000-£2,00031 Jan 202412 Jul 2024163 Days
307 Greenacres Road, Oldham, Greater Manchester, OL4 2EJ£140,000£135,000-£5,00008 Feb 202408 Jul 2024151 Days
43 Birch Avenue, Oldham, Greater Manchester, OL8 3TX£209,950£209,950£0013 Dec 202328 Jun 2024198 Days
20 Glenfield Close, Oldham, Greater Manchester, OL4 3AB£255,000£252,500-£2,50029 Nov 202325 Jun 2024209 Days
11 Sorrel Way, Oldham, Greater Manchester, OL4 2QW£289,950£280,000-£9,95008 Jan 202425 Jun 2024169 Days
4 North Gate, Oldham, Greater Manchester, OL8 3AE£210,000£205,000-£5,00002 Feb 202421 Jun 2024140 Days
40 Quail Street, Oldham, Greater Manchester, OL4 5HD£115,000£112,000-£3,00004 Aug 202314 Jun 2024315 Days
5 Anselms Court, Oldham, Greater Manchester, OL8 4EG£234,950£230,000-£4,95001 Mar 202414 Jun 2024105 Days
30 Warren Lane, Oldham, Greater Manchester, OL8 2JE£220,000£195,000-£25,00016 Jan 202413 Jun 2024149 Days
5 Alders Court, Oldham, Greater Manchester, OL8 2UB£95,000£92,000-£3,00015 Sep 202303 Jun 2024262 Days

Most Expensive Streets in Oldham

PostcodeStreetAreaAverageNo. of Sales
M35 9UJLangton CloseFailsworth£395,0003
OL4 2JPMoordale AvenueOldham£394,9905
M35 9XDNew Oak CloseFailsworth£371,2504
M35 9XEYewdale DriveFailsworth£356,6663
OL8 3WEHowardian CloseOldham£342,0003
OL4 2QNSpinners WayOldham£340,0005
OL4 2AYCelandine CloseOldham£339,46517
OL4 2AWCampion DriveOldham£328,87926
OL4 2PXCounthill RoadOldham£328,57912
OL4 2SPLocking Gate RiseOldham£324,4086

Least Expensive Streets in Oldham

PostcodeStreetAreaAverageNo. of Sales
OL1 1TDUnion StreetOldham£49,1995
OL1 3BYJulian HouseHenshaw Street, Oldham£53,8333
OL8 3EYAlton StreetOldham£53,90911
OL8 1BUCheviot CourtPellowe Road£54,5004
OL4 5JXHuxley StreetOldham£60,3333
OL1 2HWTrafalgar StreetOldham£64,0003
OL4 5JYFulham StreetOldham£65,5003
OL8 2BTKingsbridge RoadOldham£66,2504
OL8 1QSPort StreetOldham£66,3758
OL4 1REAbbeyhills RoadOldham£66,8005

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