House Prices in Oldham, Greater Manchester

# Oldham Property Market Summary

Oldham presents one of Greater Manchester's most affordable property markets, with an overall average price of £119,068 across approximately 50,500 properties. This figure reflects the town's substantial stock of traditional terraced housing and ex-mill conversions. However, recent transaction data tells a more dynamic story, with average sale prices climbing significantly from £182,519 in 2017 to £264,528 in early 2025, representing roughly 45% growth over this period. The market experienced particularly strong momentum during 2020-2021, when average prices jumped from approximately £207,000 to £246,000, likely reflecting pandemic-driven demand for affordable housing within commuting distance of Manchester.

The market has shown notable volatility in recent years, with prices peaking at £264,528 in early 2025 before declining to £210,350 in 2026 (though based on limited sales data). Transaction volumes have remained reasonably robust, typically ranging between 1,600 and 2,700 annual sales, with 2024 seeing particularly strong activity at 2,704 transactions. Oldham's appeal lies in its affordability compared to neighbouring Greater Manchester boroughs, combined with improving transport links and ongoing regeneration initiatives that continue to attract first-time buyers and property investors seeking value in the northern housing market.