House prices in Wigan took a little dip last month, but don’t worry, experts say it’s nothing to be concerned about.

The average house price in Wigan fell slightly in July, down 1.3% to £190,999. This follows a trend across the North West, where house prices generally remained steady. Across the UK as a whole, prices actually increased slightly.

Despite the July dip, the outlook for Wigan homeowners is still rosy.

The average price of a Wigan home has gone up by a healthy 3.9% over the past year. This means the average homeowner in Wigan has seen the value of their property increase by £7,100 over the last 12 months – that’s like getting an extra holiday in the sun!

First-time buyers feel the pinch

It’s not such good news for first-time buyers in Wigan. The average price they paid for a property in July was £170,100, that’s £6,700 more than a year ago.

If you’re thinking about stepping onto the property ladder for the first time, you’ll need deep pockets!

What type of property is cheapest?

Flats in Wigan saw the biggest price drop last month. If you’re looking for a bargain, now might be the time to buy, with the average price currently sitting at £100,955.

Here’s a summary for other property types in Wigan:

• Detached: Average price – £312,810 (down 1% on last month BUT up 5.3% on last year)
• Semi-detached: Average price – £193,837 (down 1.3% on last month BUT up 4.3% on last year)
• Terraced: Average price – £147,703 (down 1.4% on last month BUT up 3.1% on last year)

How does Wigan compare to other areas?

Despite the recent price rises, Wigan is still significantly cheaper than the UK average.

The average house price across the UK is £290,000, while in the North West it’s £220,000. This means Wigan is £99,001 cheaper than the UK average – making it a great place to bag a bargain!