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House Prices in Leicester

Area selected: Leicester
  • England and Wales
  • England
  • East Midlands
  • Leicester
Home
Average property price
£232,183

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Stats Chart
Price growth
-0.5%

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Pricetags
Number of sales
2,774

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Property prices
Price growth
Number of sales
Area type
Unitary Authority
Population
366,018
Average detached price
£374,404
Average semi-detached price
£244,336
Average terraced price
£209,796
Average flat price
£135,792

Property Prices in Leicester

The average property price paid in Leicester is £232,183 according to property sale data for the year ending June 2022 published by HM Land Registry. Between the years ending June 2021 and June 2022, property prices in Leicester fell by £1,214. Compare house prices by area

Average property prices in Leicester fell by 0.5% between the years ending June 2021 and June 2022. Between the years ending June 2012 and June 2022, property prices on average grew by 5.3% per year.

If prices in Leicester continue to rise by 5.3% a year, the average property price will be £285,521 in 2025.

There were 2,774 property sales in Leicester in the year ending June 2022, an increase of 561 when compared to the previous year.

Average house and flat prices in Leicester

The average price for a house in Leicester ranges from £209,796 for a terraced house to £374,404 for a detached house, with semi-detached in between costing on average £244,336.

The average price for a flat or maisonette in Leicester is £135,792.

Compared to England's figures

  • Leicester's average property price of £232,183 is £110,114 lower than the £342,297 average property price in England. Leicester is the 40th unitary authority (of 59 total) when ordered by average property price.
  • Leicester's average property price growth rate of -0.5% is 4.6% higher than the -5.1% average price growth rate for England. Leicester is the 16th unitary authority (of 59 total) when ordered by property price growth rate.

Price trends for small areas may be less statistically significant due to small sample sizes.

House and flat price trends in Leicester

Of the property types in Leicester, terraced house prices have risen the most between the years ending 2012 and 2022, and flat prices have grown the least.

Detached house prices have risen 68.5% from £222,135 to £374,404, semi-detached house prices have risen 74.3% from £140,210 to £244,336, terraced house prices have risen 78.4% from £117,595 to £209,796, and flat prices have risen 32.1% from £102,797 to £135,792.

Types of property in Leicester

The most common type of property sold in Leicester during the year ending June 2022 was terraced houses, which accounted for 35.4% of properties.

The least commonly available type of property sold in Leicester were detached houses, which account for 9.7% of properties sold.

  • Detached houses: 270 properties sold or 9.7%
  • Semi-detached houses: 855 properties sold or 30.8%
  • Terraced houses: 983 properties sold or 35.4%
  • Flats: 279 properties sold or 10.1%

New build properties in Leicester

Of the properties sold in Leicester during 2022, 0.4% were new build properties.

The average premium for a new build property in Leicester was £37,575 lower than the average price paid for an existing property.

Of the new build properties sold, the most common type was flats (86% of new build properties sold). For existing properties, the most common type is terraced houses (42% of existing properties sold).

Home
Average rent
£704

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Stats Chart
Crime rate (per 1,000 people)
13,194

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People
Population
366,018

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House and flat price bands in Leicester

The most common price band for property sales in Leicester is £200k - £300k, which accounted for 30.4% of properties sold in 2022.

The cheapest properties in Leicester were in the under £50k price bracket, accounting for 0.2% of sales.

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Areas near Leicester

Local Authority
Derby
average house price £211,822
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County
Derbyshire
average house price £245,047
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County
Leicestershire
average house price £293,082
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County
Lincolnshire
average house price £241,125
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Local Authority
North Northamptonshire
average house price £270,061
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Local Authority
Rutland
average house price £413,105
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County
Nottinghamshire
average house price £247,338
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Local Authority
Nottingham
average house price £199,585
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Local Authority
West Northamptonshire
average house price £311,029
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Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2022. Data sources: ONS Local statistics

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