The average Milton Keynes home was worth £325,104 in June, down 0.1% in a year, while Bedford rose 4.4% and Buckinghamshire 4.3%. Flats fell hardest, by 1.9%.

The average home in Milton Keynes was worth £325,104 in June 2026, down 0.1% on a year earlier. Every council area around it went up.

The figure comes from the UK House Price Index for June, published by HM Land Registry at 9.30am this morning. A 0.1% fall is £316 off the June 2025 average of £325,420. In cash terms that is nothing. What makes it worth reading is the company Milton Keynes is keeping.

Everyone nearby went up

Across the four council areas that surround Milton Keynes, prices rose between 2.5% and 4.4% over the same twelve months:

  • Bedford: £329,830, up 4.4%
  • Buckinghamshire: £490,508, up 4.3%
  • Central Bedfordshire: £356,453, up 2.9%
  • West Northamptonshire: £292,754, up 2.5%

England as a whole was up 1.8% to £293,262. The wider South East managed 0.3%, to £380,380. The United Kingdom average rose 2.0% to £272,188.

Bar chart of annual house price change to June 2026, showing Bedford up 4.4 per cent, Buckinghamshire up 4.3, Central Bedfordshire up 2.9, West Northamptonshire up 2.5, England up 1.8, South East up 0.3 and Milton Keynes down 0.1
Milton Keynes is the only area in this group where the average price is lower than it was a year ago.

Milton Keynes is not alone nationally. Of the 295 English local authority areas in the June index, 62 recorded a fall. But it is the shallowest of those 62, which is another way of saying the city is a rounding error away from turning positive again.

The direction of travel matters more than the number

Milton Keynes has spent 2026 in negative territory, and the low point is behind it. The annual change was −1.2% in January, −1.7% in March and −2.9% in April. It recovered to −0.9% in May and −0.1% in June. Month on month, June was up 0.3% on May.

That shape, a market that dipped hard in the spring and has climbed back most of the way since, is the useful thing here. The June figure is not really a story about prices falling. It is a story about Milton Keynes recovering later than the places around it.

Detached homes and flats are dragging, semis are not

The index splits the average by property type, and the split is wide:

Property type Average price, June 2026 Change in the year
Detached £550,543 −0.9%
Semi-detached £329,095 +1.1%
Terraced £271,264 +0.8%
Flat or maisonette £165,923 −1.9%

So the two ends of the market are pulling the average down while the middle holds up. Flats are the weakest, down 1.9% over the year, and at £165,923 the average Milton Keynes flat is worth barely half the average semi-detached house.

First-time buyers paid an average of £271,907, up 0.2% on a year ago. That is almost exactly the Bedford figure of £271,873, in a borough where prices overall rose 4.4%.

Fewer homes are changing hands

Sales counts lag the price data, so the most recent month HM Land Registry publishes for Milton Keynes is April 2026, at 203 sales. Adding up January to April gives a clearer picture:

  • 2024: 1,007 sales
  • 2025: 1,329 sales
  • 2026: 869 sales

The 2025 figure is inflated. March 2025 alone recorded 551 sales in Milton Keynes, against 238 in March 2026, as buyers rushed to complete before the stamp duty thresholds changed on 1 April. April 2025 then collapsed to 157. Set that distortion aside and compare with 2024: the first four months of 2026 are still 14% down on the same period two years ago.

Two things to know about these numbers

The average is a mean, not a median. The UK House Price Index averages every sale, so a handful of expensive detached sales pull the headline up. Half of Milton Keynes homes sell for considerably less than £325,104.

The figures get revised. The May index, published last month, put the Milton Keynes average at £324,767 and the annual change at −0.7%. That is what this site reported at the time. In today’s release, May has been restated at £324,120 and −0.9%. Revisions of that size are routine, and they are a reason to treat any single month cautiously.

What it means for you

If you are selling. Your asking price should not assume the growth your neighbours in Bedford or Buckinghamshire have seen. A Milton Keynes home is worth roughly what it was worth last summer. If it is a flat, it is worth slightly less.

If you are buying. Milton Keynes is unusually good value against the surrounding areas right now. The average here is £165,000 below Buckinghamshire and £31,000 below Central Bedfordshire, and the gap has widened over the past year rather than narrowed.

If you are a first-time buyer. The £271,907 average is barely moving, which buys you time, but it also means the equity cushion in the first year or two is thin.

If you want the local detail. The headline is a single number for a district of 240,000 people. Our Milton Keynes house prices page breaks the market down by postcode district using records of real completed sales, which is a better guide to what a home on your street is worth.

The July 2026 index, which will be the first to include this summer’s sales, is published at 9.30am on Wednesday 16 September.

Sources