House prices have fallen gradually across the UK over the last year, but some parts of Greater Manchester have defied the national trend. Looking closely at house prices and how they’re changing often gives a good indication of the current state of the local property market.

Whilst rising costs often highlight popular property ‘hotspot’ areas that are high demand, falling house prices can reveal areas where there is a decline in demand, excess supply and where homeowners are being priced out.

Our exclusive analysis of the latest Land Registry data has now revealed the region’s postcode areas where house prices are soaring, as well as the areas where property prices are on the decline.

READ MORE: The latest average house price in every Greater Manchester postcode area revealed

Areas where house prices are rising:

M2

House prices have soared in Deansgate over the last year, with the biggest rise of 22.4 percent across the region. It comes as no surprise as the road itself was named as one of the most expensive streets to live on in the UK by Rightmove earlier this year.

The average property price in the area is currently £323,500, which has gone up by £59,100 from £264,400 in 2023.

BL1

In the BL1 postcode, which covers Bolton, Smithills, Halliwell and Heaton, property costs are also on the rise. The average house price here has gone up by 9.5 percent over the last year, from £201,533 up to £220,626.

M21

House prices are also climbing in Chorlton-cum-Hardy and Firswood. The average property here cost around £395,863 in 2023, but this has now jumped up by 6.4 percent to £421,324.

OL4

In OL4, covering Austerlands, Grasscroft, Grotton, Lees, Lydgate, Oldham, Scouthead, Springhead and Waterhead, the average house price is currently. £215,248. This has gone up by £12,137 over the last year – rise of 6 percent.

OL11

The areas of Ashworth, Rochdale and Castleton currently have an average house price of £223,457. This figure has risen by 4.9 percent over the last 12 months, taking the average cost of a home in OL11 up from £212,998 last year.

SK2

House prices are also climbing in Stockport. Last year, the average price of a property was £276,231, but over the last 12 months, this has now risen by 4.2 percent up to £287,932.

BL7

In BL7, which covers Bolton, Belmont, Bromley Cross, Chapeltown, Edgworth, Egerton and Turton, house prices have gone up by 4 percent over the last year. The average price is now £326,603 up from £314,126 in 2023.

M32

Property prices have also been rising in Stretford. The average cost of a home was £271,729 last year, but this has now gone up by £10,731 to £282,460 in 2024.

The postcodes where house prices are falling:

M15

House prices are declining in Hulme, despite it being named one of the UK’s property hotspots earlier this year. Rightmove revealed that property prices were rising in Manchester’s inner city, but the latest data has now shown that they have fallen by 23.6 percent from £326,869 down to £249,728.

OL1

In the areas of Chadderton, Higginshaw and Oldham, house prices have also been going down. The average house price has fallen by 14.2 percent in the last 12 months, taking the figure from £177,1171 down to £151,913.

BL5

In BL5, which covers Bolton, Over Hulton and Westhoughton, the average house price has fallen by £30,376 over the last year. You can now expect to buy a property for £213,311 compared to £243,687 in 2023.

SK7

The Stockport areas of Bramhall, Hazel Grove and Woodford have also seen a big decline. House prices have fallen by 11.8 percent taking the average cost from £463,778 down to £408,883

OL5

In Mossley and Mossley Cross, the average property now costs £202,375. This has fallen by £24,490 in the last 12 months down from an average figure of £226,865 in 2023.

M50

House prices are also falling in Salford Quays. It now costs around £198,718 to buy a home here compared to the average price of £221,919 around 12 months ago – a decline of 10.5 percent.

SK15

In Stalybridge, Carrbrook, Heyrod, Matley and Millbrook, homes are also being bought and sold for much cheaper than least year. The average house price is now £213,524 which has fallen by 10.3 percent since 2023.