The average price of a home in the Isle of Man rose to £358,320 in 2025, according to the latest Housing Market Review – a 4.5% increase on the previous year.
The Cabinet Office report shows continued upward pressure across both house and flat prices, with houses averaging £393,735 (up 3.6%) and flats averaging £213,122 (up 6.8%).
Higher Prices
The median house price reached £358,000, a 2.3% rise on 2024. Most activity remained in the mid‑market, with 65% of houses selling between £250,000 and £500,000. Sales above £750,000 increased to 7%, up from 5% the previous year.
Lower‑cost homes continued to shrink as a share of the market: properties under £250,000 fell from 16% to 14% of all sales. Overall, 86% of houses sold for £250,000 or more.
House transactions dropped sharply, falling to 917 from 1,184 in 2024.
Flat Sales
The median flat price rose to £188,525. Only 6% of flats sold for under £100,000, continuing a year‑on‑year decline.
Sales above £200,000 now account for 44% of the flat market, with a quarter selling for £250,000 or more.
Flat transactions also dipped, down to 250 from 260 the previous year.
Affordability Pressures
Average house prices were 8.2 times average annual earnings in 2025, while median prices were 9.1 times the median full‑time salary, higher than ratios seen in the 1990s.
For younger buyers, affordability remains challenging: the lowest‑quartile house price was 10.1 times the median salary for 18 to 25‑year‑olds.
However, this ratio has improved from 11.4 in 2022.
