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Lancaster House Prices Lancaster House Prices

The average house price in Lancaster is £192,065 using HM Land Registry data.

The average property price increased by £45,855 (26.61%) over the last 5 years and increased by £9,186 (4.4%) over the last 12 months.

Over the last year, there were 544 residential property sales – a decrease of 198 transactions (-36.40%) relative to the previous year. The majority of house sales (138) were in the £150,000 - £200,000 range. Then came properties in the £100,000 - £150,000 range, where 133 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 160 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,359 (-3%).

In January 2025, there were 104 new estate agency instructions, 74 agreed home sales and 84 property price reductions.

Neighbouring Areas: Morecambe

Postcodes Covered: LA1, LA2

5-Year Average Property Prices in Lancaster

26.61%

Property prices in Lancaster increased by 26.61% 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

4.4%

Property prices in Lancaster increased by 4.4% 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 - January 2025

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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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
239 Willow Lane, Lancaster, Lancashire, LA1 5LG£156,750£151,000-£5,75014 Aug 202418 Dec 2024126 Days
5 Wheatfield Court, Lancaster, Lancashire, LA1 1BE£82,500£77,500-£5,00005 Jul 202416 Dec 2024164 Days
110 Willow Lane, Lancaster, Lancashire, LA1 5QF£165,000£165,000£004 Oct 202416 Dec 202473 Days
38 Sefton Drive, Lancaster, Lancashire, LA1 2QD£199,950£190,000-£9,95015 Sep 202413 Dec 202489 Days
15 Broadstone Court, Lancaster, Lancashire, LA1 3ST£300,000£295,000-£5,00021 Jun 202412 Dec 2024174 Days
258 Bowerham Road, Lancaster, Lancashire, LA1 4LR£400,000£400,000£007 Aug 202412 Dec 2024127 Days
6 Scale Hall Lane, Lancaster, Lancashire, LA1 2RR£215,000£213,000-£2,00025 May 202412 Dec 2024201 Days
11 Olive Road, Lancaster, Lancashire, LA1 2BZ£120,000£110,000-£10,00025 Nov 202306 Dec 2024377 Days
29 Primrose Street, Lancaster, Lancashire, LA1 3BN£200,000£190,000-£10,00027 Jun 202405 Dec 2024161 Days
5 Heversham Close, Lancaster, Lancashire, LA1 4LH£259,000£255,000-£4,00029 Aug 202404 Dec 202497 Days
Sunnyside Cottage, Sunnyside Lane, Lancaster, Lancashire, LA1 5ED£155,000£155,000£015 Aug 202402 Dec 2024109 Days
45 Wharfedale Road, Lancaster, Lancashire, LA1 5ND£175,000£170,000-£5,00024 Sep 202402 Dec 202469 Days
5 Shaftesbury Place, Lancaster, Lancashire, LA1 4PZ£245,000£240,000-£5,00015 Aug 202429 Nov 2024106 Days
71 Balmoral Road, Lancaster, Lancashire, LA1 3BT£170,000£170,000£026 Jul 202429 Nov 2024126 Days
22 Wharfedale Road, Lancaster, Lancashire, LA1 5ND£190,000£180,000-£10,00005 Jun 202429 Nov 2024177 Days
37 Perth Street, Lancaster, Lancashire, LA1 3DR£145,000£145,000£030 Aug 202425 Nov 202487 Days
52 Spinners Court, Lancaster, Lancashire, LA1 1RY£75,000£75,000£007 Aug 202418 Nov 2024103 Days
5 Bond Street, Lancaster, Lancashire, LA1 3ER£144,950£140,000-£4,95029 Jul 202415 Nov 2024109 Days
25 Alfred Street, Lancaster, Lancashire, LA1 1QN£184,950£172,500-£12,45024 Jun 202415 Nov 2024144 Days
23 Clare Road, Lancaster, Lancashire, LA1 2LX£200,000£200,000£017 May 202413 Nov 2024180 Days

Most Expensive Streets in Lancaster

PostcodeStreetAreaAverageNo. of Sales
LA1 5BJHaverbreaks RoadLancaster£696,0006
LA1 5EFWestbourne RoadLancaster£643,7504
LA1 1YQCastle ParkLancaster£581,4287
LA1 5FRLindbergh AvenueLancaster£565,6504
LA1 5EEWestbourne DriveLancaster£527,0505
LA1 5BWMarlton WayLancaster£481,6663
LA1 4TYBelle Vue TerraceLancaster£446,6663
LA2 6BNCarus ParkSlyne£440,0003
LA1 3FFStanden Park HouseLancaster£436,13111
LA1 4QBUggle LaneLancaster£430,3754

Least Expensive Streets in Lancaster

PostcodeStreetAreaAverageNo. of Sales
LA1 1YDThurnham StreetLancaster£50,0004
LA1 2BAFrankland HouseMainway£56,6663
LA1 1FDSt Leonards CourtAlfred Street, Lancaster£67,67814
LA1 3HXMonthall RiseLancaster£68,0647
LA1 3HUHerlebeck RiseLancaster£74,7857
LA1 3LHKeswick CourtLancaster£76,2504
LA1 1BEWheatfield CourtLancaster£80,6427
LA1 1BXDiana CourtHenry Street, Lancaster£81,1663
LA1 1RYSpinners CourtLancaster£81,52123
LA1 2QZRyelands RoadLancaster£83,1663

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