The average Milton Keynes home sold for £324,767 in May 2026, down 0.7% in a year while England rose 2.3%. Median sold prices for all 18 MK postcode districts.

Milton Keynes is doing something the rest of England is not. Over the year to May 2026 the average home here got slightly cheaper, while prices in England as a whole went up. It is a small gap, but it is the first time in this cycle that MK has pulled away from the national direction of travel, and it changes the arithmetic if you are about to buy or sell.

This page sets out what homes in Milton Keynes actually sell for: the official average, the direction it is moving, what you pay by property type, and the median sold price in every MK postcode district, worked out from HM Land Registry records of real completed sales.

The headline figure

The average home in Milton Keynes sold for £324,767 in May 2026, according to the UK House Price Index published by HM Land Registry and the ONS. That is down 0.7% on May 2025, when the average was £326,925.

The comparison is what makes it interesting:

Average house price and annual change, May 2026
AreaAverage priceChange in the year
Milton Keynes£324,767−0.7%
South East£381,311+1.2%
England£292,095+2.3%
United Kingdom£271,295+2.7%

So Milton Keynes sits about £33,000 above the England average and roughly £56,000 below the wider South East, and it is the only one of those four measures that went backwards over the year.

The slide is recent and it is easing. The index had MK up 6.6% in the year to May 2025. By November 2025 that had flattened to +0.2%, it turned negative in January 2026, bottomed at −2.6% in the year to April, and has since recovered to −0.7%. The shape is a market that ran hot, stalled, dipped, and is now steadying rather than falling away.

What it means for you

If you are selling, you are not in a rising market and buyers know it. A price set against a 2024 comparable will sit. If you are buying, MK is one of the few places in the South East where the average is not moving against you while you save. If you are staying put, your home is worth roughly what it was worth a year ago in cash terms.

One local factor worth holding in mind: Milton Keynes has an unusually large pipeline of new homes, and the MK City Plan 2050 proposes tens of thousands more. Steady supply is part of why prices here have not climbed the way the rest of the South East has.

Prices by property type

The headline average hides a very wide spread. These are the district averages for May 2026 from the UK House Price Index, with the change over the year:

  • Detached: £549,772, down 1.0%.
  • Semi-detached: £328,966, up 0.7%, the only type to rise.
  • Terraced: £270,968, flat at 0.0%.
  • Flats and maisonettes: £165,718, down 3.4%, much the weakest.

Flats are the story. Milton Keynes has a large flat stock, a lot of it in and around the centre, and it is the segment carrying the fall. Houses have essentially held.

The index also splits buyers. A first-time buyer in Milton Keynes paid an average of £271,706 in May 2026, down 0.6% over the year. Someone selling one home to buy another, a home mover, paid £396,847, down 0.7%. The £125,000 gap between those two figures is the size of the step from a first flat or terrace to a family house here.

Sold prices by MK postcode district

The district average is one number for a city of 240,000 people spread across nineteen postcode districts, so it is worth going a level down. We pulled every residential sale recorded by HM Land Registry in the Milton Keynes local authority with a completion date between 1 July 2025 and mid-June 2026: 3,137 sales. These are prices actually paid, not asking prices.

What a home actually sells for, by MK postcode Median price paid, 3,137 sales inside Milton Keynes, July 2025 to June 2026 MK17 Woburn Sands £427,750 MK46 Olney £397,500 MK5 £385,000 MK10 £375,000 MK19 £375,000 MK8 £342,995 MK15 £340,000 MK4 £337,500 MK16 Newport Pagnell £336,000 MK3 Bletchley £321,250 MK11 Stony Stratford £320,000 MK7 £310,000 MK14 £306,000 MK12 Wolverton £305,000 MK13 £280,000 MK6 £275,000 MK2 Bletchley £263,000 MK9 Central MK £240,938 Source: HM Land Registry Price Paid Data (district: Milton Keynes). Chart by MK Daily.
Median sold price by MK postcode district. Chart by MK Daily, from HM Land Registry Price Paid Data.

The median across all 3,137 sales was £325,000, which lands almost exactly on the official index average and is a good sign the two measures agree.

A few things stand out:

  • MK17 and MK46 lead, at £427,750 and £397,500. These are the village districts, Woburn Sands and Olney, where the housing stock is older, larger and detached.
  • MK9, Central Milton Keynes, is the cheapest at £240,938. That is not a comment on the area so much as on what is there: CMK sales are overwhelmingly flats, and flats are the weakest segment in the city.
  • MK10 is the busiest district in the city, with 254 sales, ahead of MK4 on 260 and MK3 on 326. Broughton and the eastern growth areas are where the volume is.
  • The spread from top to bottom is about £187,000, which is a bigger range than the gap between the MK average and the England average.

Two caveats on reading this table. Sales are counted by the local authority the property sits in, so homes in the MK17, MK19, MK2, MK3 and MK16 postcode districts that fall outside the Milton Keynes boundary are excluded, even though they share the postcode. And Land Registry data lags: sales completing in the last few weeks of the window are still being registered, so the most recent volumes will rise.

How Milton Keynes compares on affordability

At £324,767 the average MK home costs about 1.11 times the England average. That is cheaper relative to earnings than most of the South East, and it is a large part of why the city keeps drawing people out of London. A season ticket to Euston runs to £7,024 a year, which is real money, but the price gap on a family house against comparable commuter towns closer in more than covers it.

Frequently asked questions

What is the average house price in Milton Keynes?

The average home in Milton Keynes sold for £324,767 in May 2026, according to the UK House Price Index built from HM Land Registry sales. That covers all property types across the whole Milton Keynes local authority.

Are Milton Keynes house prices going up or down?

Down slightly. Prices fell 0.7% in the year to May 2026, against a 2.3% rise for England. The fall has been narrowing since April 2026, when the annual change was −2.6%.

Which is the most expensive part of Milton Keynes?

By median sold price over the last twelve months, MK17 around Woburn Sands is the priciest at £427,750, followed by MK46 around Olney at £397,500.

Which is the cheapest part of Milton Keynes?

MK9, Central Milton Keynes, at a median of £240,938. The district’s sales are dominated by flats, which average £165,718 across the city and fell 3.4% over the year.

How much is a detached house in Milton Keynes?

A detached home averaged £549,772 in May 2026, down 1.0% over the year and about £221,000 more than the average semi-detached house.

Where can I check what a specific house sold for?

Every completed sale in England and Wales is public. Look up any street or address free on the HM Land Registry Price Paid service.

Sources

Index figures are provisional and revised as more sales complete. Always confirm the latest numbers against the linked sources before making a decision.