Merchant City property market
Updated 20 August 2026 · refreshed daily
Glasgow: £185k
91 homes for sale in Merchant City. Half of them ask between £145k and £210k. Updated 20 August 2026.
| Market | Range low | Median | Range high |
|---|---|---|---|
| Merchant City | £145,000 | £179,000 | £210,000 |
| Glasgow | £135,000 | £185,000 | £265,000 |
Buying in Merchant City typically costs less than Glasgow: the median asking price is 3% lower, though entry-level prices are close to Glasgow's.
Each band covers the middle half of asking prices.
- Only 26% of listings have a garden, compared to 61% across Glasgow
- Only 41% of listings have parking, compared to 55% across Glasgow
- Flats are 90% of what's for sale, compared to 73% across Glasgow
More homes came onto the market in Merchant City than left it
↑ 62% · was 21
↑ 150% · was 6
↑ 114% · was 7
Changes compare with the prior 30 days.
We're still expanding our listing coverage in Merchant City, so rises here partly reflect us seeing more of the market, not just market activity.
Asking prices
Where homes in Merchant City sit by price band, against Glasgow
Homes for sale in Merchant City skew cheaper than in Glasgow
67% of Merchant City listings ask under £200k, a bigger share than Glasgow (56%)
| Price band | Merchant City listings | Merchant City share | Glasgow share |
|---|---|---|---|
| <£100k | 3 | 3% | 10% |
| £100k–150k | 23 | 25% | 22% |
| £150k–200k | 35 | 38% | 24% |
| £200k–250k | 19 | 21% | 16% |
| £250k–300k | 7 | 8% | 9% |
| £300k–400k | 2 | 2% | 10% |
| £400k–500k | 0 | 0% | 4% |
| £500k+ | 2 | 2% | 4% |
Asking prices by type
All homes for sale in Merchant City, set against Glasgow
Flats are the most common property type for sale in Merchant City and ask 5% more than Glasgow flats
| property type | Merchant City | Glasgow |
|---|---|---|
| Flat (82 for sale · 90%) | £172,500 | £165,000 |
| Penthouse (5 for sale · 5%) | £205,000 | £280,000 |
The step from two to three bedrooms in Merchant City adds 33% to the asking price (Glasgow: 30%)
| size | Merchant City | Glasgow |
|---|---|---|
| 1 bed (33 for sale) | £150,000 | £135,000 |
| 2 beds (50 for sale) | £195,000 | £185,000 |
| 3 beds (5 for sale) | £260,000 | £240,000 |
Median asking price for every size and type on the market in Merchant City
| Size | Flat | Penthouse | Maisonette | Townhouse | All types |
|---|---|---|---|---|---|
| 1 bed | £148k32 | n/a | n/a | n/a | £150k33 |
| 2 beds | £194k46 | n/a | n/a | n/a | £195k50 |
| 3 beds | n/a | n/a | n/a | n/a | £260k5 |
| All sizes | £173k82 | £205k5 | n/a | n/a | £179k91 |
Median asking price, with the number for sale below it. Combinations with fewer than 5 listings are shown as n/a. Types shown are the four most common in the area.
Price per square foot
37 listings with a known floor area
Glasgow: £239 per sq ft
Asking price per sq ft by property type in Merchant City
Current listings with a known floor area; the count under each row
| property type | Merchant City | Glasgow |
|---|---|---|
| Flats (35 listings) | £245 | £235 |
Asking figures: current listings with a known floor area.
What listings offer
Fewer gardens than Glasgow
26% of listings have a garden; Glasgow: 61%. 24 of 91 listings have a garden. Counted from listing descriptions, so treat as a lower bound.Less parking than Glasgow
41% of listings have parking or a garage; Glasgow: 55%. 37 of 91 listings have parking or a garage. Counted from listing descriptions, so treat as a lower bound.Current listings worth a look
Picked by simple rules, not adverts: cheapest, most space, gardens
3/3, 12 Renfield Street, Glasgow, Glasgow City G2 5AL
As of 20 August 2026
Gallowgate, Glasgow, G1 5AX
As of 20 August 2026
Flat 2/1, 74 London Road, Glasgow, Glasgow City, G1 5NP
As of 20 August 2026
Candleriggs, Glasgow, Glasgow City, G1
As of 20 August 2026
Watching the Merchant City market?
Perch sends you the new listings, price drops and off-market moves that match your search, every morning, from every estate agent we track.
Set up my daily briefingHow nearby areas compare
Current listings around Merchant City
| Area | For sale | Median asking | Median 2-bed | Houses |
|---|---|---|---|---|
| Merchant City | 91 | £179k | £195k | 1% |
| Kelvingrove | 87 | £239k | £249k | 3% |
| Hillhead | 81 | £290k | £270k | 14% |
| Partick | 69 | £230k | £230k | 4% |
| Glasgowbenchmark | 851 | £185k | £185k | 23% |
Merchant City property market: common questions
Where is Merchant City?
Merchant City is in central Glasgow, in City of Glasgow. Figures for Merchant City cover listings within about 1 km of its centre (the dashed ring on the map), not an official boundary.
What is the average house price in Merchant City?
The median asking price across the 91 homes for sale in Merchant City is £179,000 (as of 20 August 2026). We quote the median (the middle listing) rather than a mean, because a handful of very expensive homes would pull a mean upwards. Half of listings ask between £145,000 and £210,000. That is 3% below Glasgow.
How many homes are for sale in Merchant City?
91 homes are on the market in Merchant City right now, 34 of them listed in the last 30 days. Perch counts every listing it tracks across estate agents and portals, refreshed daily.
Are house prices being cut in Merchant City?
15 listings in Merchant City had their asking price reduced in the last 30 days, about 16% of the homes currently for sale.
What is the price per square foot in Merchant City?
In Merchant City, current listings with a known floor area ask a median £238 per sq ft.
How these numbers are made
- Asking figures: Current listings we track across estate agents and portals (91 in Merchant City), refreshed daily, as of 20 August 2026. We quote medians, never means, and suppress anything based on fewer than 5 listings. Figures for Merchant City cover listings within about 1 km of its centre (the dashed ring on the map), not an official boundary.
- Off market and time listed: Off-market counts include only listings confirmed off the market after a short grace period; "typical time listed" is time advertised, not time to sell. We have tracked Merchant City since May 2026.
- Glasgow comparisons: The same daily snapshot taken across the whole of Glasgow, so both sides of every comparison share one basis. Where a comparison spans all property types, some of the gap reflects what is for sale here.