The average property value in Luton is £280,735 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 Luton grew by £21,596. Compare house prices by area
Average property prices in Luton grew by 8.3% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 5.9% per year.
If prices in Luton continue to rise by 5.9% a year, the average property price will be £352,743 in 2025.
There were 1,775 property sales in Luton in the year ending June 2021, a decrease of 59 when compared to the previous year.
The average price for a house in Luton ranges from £237,019 for a terraced house to £411,369 for a detached house, with semi-detached in between costing on average £287,958.
The average price for a flat or maisonette in Luton is £151,192.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Luton, semi-detached 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 63.7% from £251,348 to £411,369, semi-detached house prices have risen 73.8% from £165,723 to £287,958, terraced house prices have risen 70.1% from £139,358 to £237,019, and flat prices have risen 55.9% from £96,982 to £151,192.
The most common type of property sold in Luton during the year ending June 2021 was semi-detached houses, which accounted for 46.3% of properties.
The least commonly available type of property sold in Luton were flats, which account for 10.2% of properties sold.
Of the properties sold in Luton during 2021, 0.2% were new build properties.
The average price paid for a new build property in Luton was £127,224 lower than the average price paid for an existing property.
Of the new build properties sold, the most common type was flats (100% of new build properties sold). For existing properties, the most common type is semi-detached houses (45% of existing properties sold).
The most common price band for property sales in Luton is £200k - £300k, which accounted for 34.9% of properties sold in 2021.
The cheapest properties in Luton were in the £50k - £100k price bracket, accounting for 0.8% 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