Insights: property data
Milton Keynes house prices in 2026: what homes are really selling for
The median home in Milton Keynes sold for £340,000 in the 12 months to June 2026, down 5.6% on £360,000 a year earlier, according to J Scott & Co’s analysis of HM Land Registry data. Milton Keynes has more new builds than any other town we track, many on estates with management companies, and direct trains to London Euston.
Last updated November 2026 | By Tamseel Din, Director, J Scott & Co Solicitors
- Median sale price, 12 months to June 2026
- £340,000
- Change on the year before
- -5.6%
- Share of sales that were leasehold
- 20.2%
- Homes sold for £500,000 or less
- 82%
Prices by property type
| Property type | Sales | Median, 12 months to June 2026 | Year before | Change |
|---|---|---|---|---|
| Detached | 966 | £515,000 | £525,000 | -1.9% |
| Semi-detached | 902 | £341,048 | £355,000 | -3.9% |
| Terraced | 792 | £290,000 | £290,000 | 0.0% |
| Flat | 484 | £175,000 | £195,000 | -10.3% |
| All homes | 3,144 | £340,000 | £360,000 | -5.6% |
Detached homes were the most common sale in Milton Keynes, at 966 of 3,144 sales. The middle 80% of homes sold for between £157,000 and £600,000.
Four years of prices
| Year | Detached | Semi-detached | Terraced | Flat | All homes |
|---|---|---|---|---|---|
| 2022 | £517,500 | £359,995 | £295,000 | £202,250 | £360,000 |
| 2023 | £530,000 | £355,000 | £290,000 | £195,000 | £355,000 |
| 2024 | £523,000 | £350,000 | £286,000 | £196,000 | £355,000 |
| 2025 | £523,701 | £352,900 | £290,000 | £184,500 | £350,000 |
Across all homes, the Milton Keynes median moved from £360,000 in 2022 to £350,000 in 2025 (-2.8%). Flats moved from £202,250 to £184,500 (-8.8%).
What your budget buys
| Price band | Share of Milton Keynes sales, 12 months to June 2026 |
|---|---|
| Under £250,000 | 23.9% |
| £250,000 to £300,000 | 14.2% |
| £300,000 to £500,000 | 44.2% |
| Over £500,000 | 17.7% |
38.1% of Milton Keynes homes sold for under £300,000, the most a first-time buyer can pay with no Stamp Duty. 82.3% sold for £500,000 or less, the limit for first-time buyer relief; above that, first-time buyers pay the standard rates on the whole price.
Buying or selling? Get an instant conveyancing quote
Prices by area
| Postcode | Sales | Median price | Note |
|---|---|---|---|
| MK17 | 210 | £445,500 | |
| MK8 | 249 | £400,000 | |
| MK46 | 154 | £400,000 | |
| MK5 | 149 | £400,000 | |
| MK19 | 62 | £387,500 | |
| MK10 | 268 | £377,750 | |
| MK4 | 260 | £353,750 | |
| MK15 | 66 | £350,000 | |
| MK16 | 236 | £341,250 | |
| MK3 | 330 | £330,000 | |
| MK11 | 148 | £329,500 | |
| MK14 | 193 | £320,000 | |
| MK12 | 145 | £320,000 | |
| MK7 | 174 | £312,500 | |
| MK13 | 173 | £291,000 | |
| MK6 | 138 | £280,000 | |
| MK2 | 134 | £277,500 | |
| MK9 | 44 | £218,750 | Central Milton Keynes, 96% flats |
MK17, the villages to the south and east of the city, had the highest median at £445,500. MK9, central Milton Keynes, was lowest at £218,750 because 96% of its sales were flats.
Only areas with at least 40 sales in the 12 months to June 2026 are shown.
Flats versus houses since 2022
Comparing like with like (homes that had been lived in before, not new builds), the median resale leasehold flat in Milton Keynes fell 4.1% between the first half of 2022 and the first half of 2026, from £175,000 to £167,750, while resale houses rose 7.5%. That is a gap of 11.6 percentage points in four years (J Scott Flat Market Index 2026).
Fewer flats are changing hands. Resale leasehold flat sales fell 30.2% between 2022 and 2025 (693 to 484), against a 4.3% fall for resale houses.
In the 12 months to June 2026 the median freehold home in Milton Keynes sold for £375,000 and the median leasehold home for £160,000.
New builds
New builds were 5.9% of Milton Keynes sales in the 12 months to June 2026, more than in any other town we track. The median new build sold for £450,000 against £335,000 for an existing home; part of that gap is because many new builds are larger family houses. New-build sales have fallen from 1,485 in 2022 to 800 in 2024 (2025 figures are still being registered).
Buying in Milton Keynes: what we check
- Estate charges: many newer estates have a management company and a yearly charge for roads and green spaces the council has not adopted. We check the amount, how it can rise and the company’s accounts.
- New builds: we review the developer’s contract, warranty, plot plan and exchange deadline, and check roads and sewers are covered by adoption agreements.
- Shared ownership is common here. We explain the lease, the rent on the share you do not own and the rules on buying more shares. Searches come from Milton Keynes City Council.
Selling in Milton Keynes: what to have ready
- If your home is on a managed estate, request the management company’s information pack early.
- Selling a home that was bought new? Have the warranty documents and any completion certificates ready.
- Selling a shared ownership home? Contact the housing association first, as it may have the right to find a buyer.
We act for Milton Keynes buyers and sellers from our Luton office, around 30 minutes away, or by phone and video. Get an instant conveyancing quote or call 01628 777233.
How we worked this out
We analysed HM Land Registry Price Paid Data for standard residential sales (category A). "12 months to June 2026" compares July 2025 to June 2026 with July 2024 to June 2025; the latest months are left out because sales take time to be registered. Yearly figures are full calendar years. The flats versus houses comparison uses resale homes only (not new builds) for January to June 2022 and January to June 2026, because new builds take longer to appear in the data. Area figures are shown only with at least 40 sales. Medians are not adjusted for the mix of homes sold. Contains HM Land Registry data © Crown copyright and database right 2026, licensed under the Open Government Licence v3.0.
Cite this data
J Scott & Co Solicitors, Milton Keynes House Prices 2026, jscottlegal.co.uk/insights/milton-keynes-house-prices.
Frequently asked questions
What is the average house price in Milton Keynes?
The median price of a home sold in Milton Keynes was £340,000 in the 12 months to June 2026, based on 3,144 sales registered with HM Land Registry. Detached homes had a median of £515,000, semi-detached £341,048, terraced £290,000 and flats £175,000.
Are house prices falling in Milton Keynes?
No: the median was -5.6% on the year before. Over four years, resale flats fell 4.1% while resale houses rose 7.5%, so the direction depends on what you are buying or selling.
What is the cheapest area to buy in Milton Keynes?
Of the Milton Keynes postcode areas with at least 40 sales, MK9 had the lowest median at £218,750 in the 12 months to June 2026. MK17 had the highest at £445,500.
How much do first-time buyers pay in Stamp Duty in Milton Keynes?
First-time buyers pay no Stamp Duty on the first £300,000 and 5% on the part between £300,000 and £500,000. 38% of Milton Keynes homes sold for under £300,000. Above £500,000 the relief does not apply, and that covered 17.7% of Milton Keynes sales.
How long does conveyancing take?
A straightforward purchase often takes 10 to 16 weeks from offer to completion. Leasehold flats, new builds and chains usually take longer. We give you an estimate once we have seen the title and the search results.
Can you act for me if I am buying in Milton Keynes?
Yes. We act for Milton Keynes clients from our Luton office, around 30 minutes away, or by phone, email and video. You can get an instant conveyancing quote online.
Send us an enquiry
Tell us what you need and we will call you back. Or call 01628 777233.