The average property value in Lancaster is £207,468 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Lancaster grew by £20,203. Compare house prices by area
Average property prices in Lancaster grew by 10.8% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 3.3% per year.
If prices in Lancaster continue to rise by 3.3% a year, the average property price will be £236,024 in 2025.
There were 2,107 property sales in Lancaster in the year ending June 2021, an increase of 95 when compared to the previous year.
The average price for a house in Lancaster ranges from £159,183 for a terraced house to £336,357 for a detached house, with semi-detached in between costing on average £191,746.
The average price for a flat or maisonette in Lancaster is £126,849.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Lancaster, terraced house prices have risen the most between the years ending 2011 and 2021, and flat prices have grown the least.
Detached house prices have risen 34.0% from £251,046 to £336,357, semi-detached house prices have risen 32.3% from £144,986 to £191,746, terraced house prices have risen 34.8% from £118,111 to £159,183, and flat prices have risen 21.1% from £104,719 to £126,849.
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The most common type of property sold in Lancaster during the year ending June 2021 was semi-detached houses, which accounted for 36.8% of properties.
The least commonly available type of property sold in Lancaster were flats, which account for 9.2% of properties sold.
Of the properties sold in Lancaster during 2021, 1.1% were new build properties.
The average price paid for a new build property in Lancaster was £24,928 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was semi-detached houses (33% of new build properties sold). For existing properties, the most common type is semi-detached houses (36% of existing properties sold).
The most common price band for property sales in Lancaster is £100k - £150k, which accounted for 17.8% of properties sold in 2021.
The cheapest properties in Lancaster were in the under £50k price bracket, accounting for 0.3% of sales.
Average property price
YoY change in price
Average Property Price
YoY CHANGE in PRICE
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics