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Lancaster House Prices Lancaster House Prices

The average house price in Lancaster is £177,896 using HM Land Registry data.

The average property price increased by £49,218 (29.97%) over the last 5 years and increased by £9,837 (4.83%) over the last 12 months.

Over the last year, there were 590 residential property sales – a decrease of 189 transactions (-32.03%) relative to the previous year. The majority of house sales (152) were in the £144,000 - £188,000 range. Then came properties in the £100,000 - £144,000 range, where 145 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 61 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,637 (-3%).

In April 2024, there were 94 new estate agency instructions, 55 agreed home sales and 43 property price reductions.

Neighbouring Areas: Morecambe

Postcodes Covered: LA1, LA2

5-Year Average Property Prices in Lancaster

29.97%

Property prices in Lancaster increased by 29.97% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Lancaster Over the Last Year

4.83%

Property prices in Lancaster increased by 4.83% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Lancaster - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Lancaster

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Lancaster

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Lancaster

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Lancaster since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Lancaster area since 1995.

Recent Property Sales in Lancaster

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
11 Halton Road, Lancaster, Lancashire, LA1 2EA£250,000£250,000£0014 Nov 202313 Mar 2024120 Days
34 Sibsey Street, Lancaster, Lancashire, LA1 5DF£190,000£188,000-£2,00015 Nov 202313 Mar 2024119 Days
16 Sylvester Street, Lancaster, Lancashire, LA1 5DG£145,000£140,000-£5,00031 Oct 202308 Mar 2024129 Days
7 Vale Road, Lancaster, Lancashire, LA1 2JN£149,950£143,500-£6,45017 Nov 202304 Mar 2024108 Days
5 Binyon Road, Lancaster, Lancashire, LA1 4TW£149,950£146,000-£3,95024 Oct 202301 Mar 2024129 Days
79 Pinfold Lane, Lancaster, Lancashire, LA1 2BJ£167,500£165,000-£2,50030 Oct 202301 Mar 2024123 Days
39 Windermere Road, Lancaster, Lancashire, LA1 3EX£275,000£268,000-£7,00030 Jan 202429 Feb 202430 Days
46 Coniston Road, Lancaster, Lancashire, LA1 3NJ£170,000£170,000£0019 Aug 202323 Feb 2024188 Days
80 Patterdale Road, Lancaster, Lancashire, LA1 3HS£179,950£162,000-£17,95030 Jan 202323 Feb 2024389 Days
16 Barton Gardens, Lancaster, Lancashire, LA1 4DZ£115,000£110,000-£5,00024 Mar 202323 Feb 2024336 Days
1 Larchwood, Lancaster, Lancashire, LA1 4QG£115,000£112,500-£2,50015 Sep 202315 Feb 2024153 Days
4 Warwick Avenue, Lancaster, Lancashire, LA1 4HB£275,000£254,000-£21,00020 Sep 202315 Feb 2024148 Days
5 Ushers Meadow, Lancaster, Lancashire, LA1 1FB£115,000£104,000-£11,00002 Oct 202309 Feb 2024130 Days
48 Slyne Road, Lancaster, Lancashire, LA1 2HU£230,000£215,000-£15,00014 Jul 202309 Feb 2024210 Days
Flat 45, Equitable House, Sulyard Street, Lancaster, Lancashire, LA1 1PX£95,000£93,000-£2,00023 Aug 202309 Feb 2024170 Days
134 Ambleside Road, Lancaster, Lancashire, LA1 3ND£150,000£140,000-£10,00028 Jul 202306 Feb 2024193 Days
16 Windsor Avenue, Lancaster, Lancashire, LA1 4BE£260,000£260,000£0025 Aug 202305 Feb 2024164 Days
19 Slaidburn Drive, Lancaster, Lancashire, LA1 4QX£175,000£165,000-£10,00027 Sep 202305 Feb 2024131 Days
34b, Wolseley Street, Lancaster, Lancashire, LA1 3PH£240,000£221,500-£18,50025 May 202331 Jan 2024251 Days
4 Ayr Street, Lancaster, Lancashire, LA1 3DT£169,950£163,500-£6,45010 Oct 202329 Jan 2024111 Days

Most Expensive Streets in Lancaster

PostcodeStreetAreaAverageNo. of Sales
LA1 5BJHaverbreaks RoadLancaster£594,0004
LA1 1YQCastle ParkLancaster£581,4287
LA1 5EEWestbourne DriveLancaster£573,6505
LA1 5EFWestbourne RoadLancaster£560,0003
LA1 5FRLindbergh AvenueLancaster£512,9336
LA1 4QBUggle LaneLancaster£452,1663
LA1 5BWMarlton WayLancaster£445,6254
LA1 3AQMeadowsideLancaster£433,3333
LA1 3FFStanden Park HouseLancaster£430,29510
LA1 4SHHall ParkLancaster£415,6605

Least Expensive Streets in Lancaster

PostcodeStreetAreaAverageNo. of Sales
LA1 2BAFrankland HouseMainway£56,6663
LA1 1GEAlbion MewsLancaster£58,2504
LA1 3HXMonthall RiseLancaster£62,8507
LA1 1FDSt Leonards CourtAlfred Street, Lancaster£65,84613
LA1 3HUHerlebeck RiseLancaster£74,7857
LA1 4TWBinyon RoadLancaster£75,7857
LA1 3LHKeswick CourtLancaster£76,2504
LA1 1FBUshers MeadowLancaster£79,82017
LA1 2QYAustwick RoadLancaster£79,8256
LA1 2DPAlexandra RoadLancaster£80,8619

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