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Leicester House Prices

The average house price in Leicester is £266,209 using HM Land Registry data.

The average property price increased by £49,027 (21.91%) over the last 5 years and increased by £9,824 (3.74%) over the last 12 months.

Over the last year, there were 2,263 residential property sales – a decrease of 376 transactions (-16.62%) relative to the previous year. The majority of house sales (570) were in the £230,000 - £280,000 range. Then came properties in the £180,000 - £230,000 range, where 488 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 195 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,241 (-3%).

In March 2025, there were 403 new estate agency instructions, 307 agreed home sales and 281 property price reductions.

5-Year Average Property Prices in Leicester

21.91%

Property prices in Leicester increased by 21.91% 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 Leicester Over the Last Year

3.74%

Property prices in Leicester increased by 3.74% 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.

Property Market Heat Gauge for Leicester - March 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 Leicester

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 Leicester

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 Leicester

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 Leicester since 1995

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

Recent Property Sales in Leicester

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
17 Hardie Crescent, Leicester, Leicestershire, LE3 3DQ	£280,000	£280,000	£0	07 Nov 2024	25 Feb 2025	110 Days
37 Denmark Road, Leicester, LE2 8AB	£180,000	£177,000	-£3,000	04 Nov 2024	24 Feb 2025	112 Days
17 Roborough Green, Leicester, LE5 2NB	£100,000	£67,000	-£33,000	05 Jun 2014	17 Feb 2025	3910 Days
6 Tilbury Crescent, Leicester, LE4 9HH	£240,000	£237,000	-£3,000	10 May 2024	14 Feb 2025	280 Days
46 Sutton Avenue, Leicester, LE4 6RW	£385,000	£350,000	-£35,000	13 Oct 2024	14 Feb 2025	124 Days
3 The Hollow, Evington, Leicester, LE5 6DU	£490,000	£470,000	-£20,000	09 Oct 2024	14 Feb 2025	128 Days
58 Ireton Road, Leicester, LE4 9ES	£250,000	£245,000	-£5,000	05 Sep 2024	12 Feb 2025	160 Days
27 Vyner Close, Thorpe Astley, Leicester, Leicestershire, LE3 3EJ	£249,950	£249,950	£0	12 Sep 2024	12 Feb 2025	153 Days
7 Lintlaw Close, Leicester, LE4 7YH	£325,000	£320,000	-£5,000	15 Aug 2024	10 Feb 2025	179 Days
16 Morpeth Avenue, Leicester, LE4 2NA	£190,000	£190,000	£0	26 Nov 2024	07 Feb 2025	73 Days
55 Haskell Close, Thorpe Astley, Leicester, Leicestershire, LE3 3UA	£325,000	£325,000	£0	01 Aug 2024	07 Feb 2025	190 Days
10 Beauville Drive, Leicester, LE4 0PT	£230,000	£200,000	-£30,000	06 Sep 2024	06 Feb 2025	153 Days
42 The Osiers, Leicester, Leicestershire, LE3 2XN	£390,000	£390,000	£0	05 Aug 2024	06 Feb 2025	185 Days
314 Gwendolen Road, Leicester, LE5 5FJ	£285,000	£282,500	-£2,500	25 Sep 2024	31 Jan 2025	128 Days
55 Northcote Road, Leicester, LE2 3FJ	£350,000	£330,000	-£20,000	21 Aug 2024	31 Jan 2025	163 Days
37 Caldecote Road, Leicester, LE3 1GJ	£220,000	£215,000	-£5,000	12 Aug 2024	31 Jan 2025	172 Days
19 Stuart Street, Leicester, LE3 0DU	£230,000	£230,000	£0	14 Aug 2024	31 Jan 2025	170 Days
39 Ledwell Drive, Glenfield, Leicester, Leicestershire, LE3 8BG	£260,000	£250,000	-£10,000	15 Aug 2024	31 Jan 2025	169 Days
17 Tillett Road, Thorpe Astley, Leicester, Leicestershire, LE3 3RD	£300,000	£292,000	-£8,000	04 Sep 2024	31 Jan 2025	149 Days
3 Victor Road, Glenfield, Leicester, Leicestershire, LE3 8AS	£275,000	£260,000	-£15,000	18 Jul 2024	31 Jan 2025	197 Days

Most Expensive Streets in Leicester

Postcode	Street	Area	Average	No. of Sales
LE2 3HH	Knighton Road	Leicester	£977,500	3
LE2 3TJ	Southernhay Road	Leicester	£867,166	3
LE2 8PF	Lutterworth Road	Aylestone	£851,666	3
LE2 3HE	Stoneygate Avenue	Leicester	£845,000	3
LE5 6AJ	Linden Drive	Leicester	£780,050	4
LE5 6HH	Spencefield Lane	Leicester	£767,500	3
LE3 8PZ	Waring Close	Glenfield	£767,333	3
LE7 9RW	The Copse	Bushby	£751,666	3
LE2 3JD	Elms Road	Leicester	£731,666	3
LE2 3TN	Southernhay Road	Leicester	£731,250	4

Least Expensive Streets in Leicester

Postcode	Street	Area	Average	No. of Sales
LE5 4WN	Carrick Point	Falmouth Road	£58,818	11
LE4 7WA	Longhurst Close	Leicester	£59,000	6
LE1 3UN	Navigation Street	Leicester	£62,584	4
LE1 3UJ	Navigation Street	Leicester	£71,000	3
LE5 0LF	Victoria Road East	Leicester	£73,333	3
LE1 1RB	Rutland Street	Leicester	£73,700	5
LE3 0PE	Narborough Road	Leicester	£78,125	4
LE5 4WH	Falmouth Road	Leicester	£82,000	4
LE1 6WB	Duke Street	Leicester	£84,000	6
LE1 3AH	Lee Street	Leicester	£84,277	9