Property prices for sale in Lagos region

The average price in the Lagos region has had a strong decrease in recent months. There has been a strong deflation in the prices in this region.

₦ 37,597,533.17
Average price last 6 months
₦96,837.67
Price/m² last 6 months
Average price per m2

The price per m² in Lagos has risen considerably in the last 6 months. During September, the average price per m² was ₦ 125,795. The following month (October) the price increased to ₦ 132,516 per m². The following two months (November, December) went through a considerable deflation of 53 % in the price per m² with regard to the previous two. In the last two months, the price per m² has decreased 94 %. This has been obtained by comparing the price ₦ 98,690.5 for the first four months of the sample with regard to the previous 4 months and the price ₦ 93,132 per m² for the last two months (January, February).

Average price

Based upon to the price in Lagos(region), this has decreased considerably in the last 6 months. In the first month sample for September the average price is ₦ 48,952,938. During October it went through a strong inflation reaching ₦ 57,293,031 In the following two months the average price has decreased 50 % compared to the previous two. During the last two months the price has had a considerable reduction of 84 % with respect to the previous four months going from ₦ 39,725,672 a ₦ 33,341,250.

Average price per bedrooms

The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the dearest ones. They are 13 % more expensive than the average price in Lagos followed by those properties with 3 with an average price of ₦ 66,126,087. The most costly properties have 4 bedrooms. They are 153 % more expensive than the average followed by those properties with 2 bedrooms priced at ₦ 70,333,333.

Based on the average price per m² those properties with 2 bedrooms are the dearest ones with a price of ₦ 235,281 / m² being ₦ 88,249 / m² the average value within the Lagos region. The properties with the most expensive average price are those with 1 bedroom. These are 405 % more costly than the average followed by those with 4 bedrooms with a price of ₦ 337,309 / m².

Price per property type

The graph displaying the average price according to the property type shows "House" as the most costly one. With an average cost of ₦ 35,860,625 it is 140 % more expensive than the average in Lagos. This is followed by "Commercial" with a price of ₦ 224,065,725. The dearest property type is "Duplex" and is 725 % more expensive than the average, followed by "Commercial" with a cost of ₦ 224,065,725.

Based on the average cost per m² the most costly property type is "Commercial with a an average price of ₦ 134,619 / m², followed by "House" with a price of ₦ 250,622 / m². "Duplex" with an average price of ₦ 515,222 / m² is the most costly type of property followed by "House" at a price of ₦ 250,622 / m².

Charts data
Average price February
Average price per m² February
Number of properties used in region Lagos
₦ 35,860,625
₦ 88,249
21,246
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value