Leicester House Prices: Historical and Current Trends
The property market here prefers a calm approach. Leicester’s recent numbers show measured change, not chaotic swings.
Our House Prices in Leicester page is updated with the latest data, arranged for people who prefer clarity over clutter.
House Prices > Leicester
Annual Breakdown of Leicester House Price Movement
See how Leicester’s property prices have changed annually, with data starting in 2018.
| Year | Average Price | Transactions |
|---|---|---|
| 2025 (proj.) | £293,700 | 8,052 |
| 2024 | £282,800 | 5,626 |
| 2023 | £285,400 | 6,766 |
| 2022 | £279,500 | 8,268 |
| 2021 | £267,900 | 10,040 |
| 2020 | £248,700 | 7,423 |
| 2019 | £232,900 | 8,908 |
| 2018 | £226,000 | 9,333 |
If you’ve been keeping an eye on property prices in Leicester, you might notice they've been moving a bit like a teetering seesaw in recent years. Back in 2018, the average home price was around £226,000, but as we saunter into 2024, it's settled at about £282,800. While the upward trend in prices might not have skyrocketed like the Eye’s Ferris wheel, we've still seen a fairly **sizable climb**.
Transactions, though, have been wearing a different kind of slipper. Back in 2018, the number stood at a **lively** 9,333. But by 2024, those numbers slow-danced their way down to 5,626. That's quite a drop, but if projections hold true, 2025 could see a sprightly recovery with expected figures around 8,052.
Why this up-and-down tale, you ask? Well, several factors might be twiddling the dials:
- Housing affordability could be putting the pinch on potential buyers
- There might be a supply shortage contributing to the transaction dip
- Changing buyer preferences and economic uncertainties may be playing a hand
Moreover, in Leicester, the property dynamics have likely been influenced by a **mix of local charm** and external pressures. It's an enticing city, but as prices climb and transactions wobble, buyers might need to strategize wisely. If you're curious about what really shapes these prices, then delve into What Impacts House Prices in Leicester?
So, what’s the core message?
Leicester's property market seems to echo a classic set of scales: a captivating balance of allure and challenge. While pricing ascends, transactions tell a story of their own. Much like taking a punt on the River Soar, it's about timing and knowing your destination.
House Price Trends by Property Type in Leicester
Detached
Avg. Property Price: 413,200
Avg. Size of Property
1,381 sq/ft
Avg. Cost Per Sq/ft
£312 sq/ft
Total transactions
2,152 (since 2021)
Semi-detached
Avg. Property Price: 259,700
Avg. Size of Property
963 sq/ft
Avg. Cost Per Sq/ft
£278 sq/ft
Total transactions
4,555 (since 2021)
Terraces
Avg. Property Price: 205,200
Avg. Size of Property
879 sq/ft
Avg. Cost Per Sq/ft
£240 sq/ft
Total transactions
5,630 (since 2021)
Apartments
Avg. Property Price: 143,400
Avg. Size of Property
672 sq/ft
Avg. Cost Per Sq/ft
£219 sq/ft
Total transactions
583 (since 2021)
Leicester's property market is buzzing louder than a football crowd at King Power Stadium. It offers a wide array of choices for all sorts of buyers. Detached homes stand majestic at the top, with an average price of £412,800 and generous 1,380 sq ft available. The cost per square foot is around £310, making them ideal for buyers focused on long-term investment and lifestyle privileges.
Semi-detached properties also shine bright, providing a popular choice with buyers, which is evident from their 4,541 transactions. Their average price of £259,600 and £280 per square foot suggest these homes are perfect for families seeking more space without stretching their budgets too far.
For those with a penchant for historical charm and urban style, terraced houses are a classic choice. Priced at an average of £205,200, they offer a thoughtful 880 sq ft of living space. The urban vibe coupled with a £240 per sq ft value makes these homes highly appealing to young professionals and smaller families. This housing category boasts the highest number of sales, capturing 5,611 transactions.
Flats bring a more compact lifestyle option, with an average price of £143,500. Perfect for first-time buyers or those preferring less maintenance, flats offer about 670 sq ft at a £220 per corner. Though not as popular in transactions, 578 recorded sales indicate a steady yet quieter demand.
Leicester’s property scene is indeed marching upward like determined hikers on Bradgate Park, providing numerous choices for different needs and budgets. Curious about what factors impact these housing figures? Here's a Simple Valuation Guide.
Key takeaway for buyers:
- Riding on a wave of activity and variety, Leicester offers detached and semi-detached homes for those who value space and future rewards.
- If you're seeking urban convenience wrapped in charm, consider terraced houses and flats for both value and lifestyle.
Leicester Property Prices: Postcode by Postcode
| District | Avg Price (£) | Transactions |
|---|---|---|
| LE1 | £192,000 | 1,266 |
| LE2 | £261,200 | 9,697 |
| LE3 | £216,700 | 9,136 |
| LE4 | £228,300 | 7,133 |
| LE5 | £247,200 | 5,646 |
| LE6 | £274,400 | 1,373 |
| LE7 | £311,300 | 6,827 |
| LE8 | £303,600 | 5,200 |
| LE9 | £264,300 | 7,810 |
| LE19 | £275,800 | 2,724 |
Leicester's property market is as varied as its rich history, providing intriguing possibilities for those considering investment or moving to the area. With prices striding upward like determined hikers on Bradgate Park, buying in Leicester continues to present a tapestry of opportunities.
At the centre of it all, LE1 offers an affordable urban mix with an average property price of £192,000. However, the transactional volume here is substantial, reflecting the area's popularity among those seeking cosmopolitan living with amenities on their doorstep. Think of it like grabbing a quick cob & chips without leaving the city buzz.
If suburban serenity is more your flavour, LE6 and LE7 showcase substantial charm, each supporting a higher average property value around £274,400 and £311,300 respectively. With fewer sales than urban counterparts, these areas cater to those desiring more space and community feel — perfect for family adventures.
The powerhouse duo of LE2 and LE3 boast high transaction numbers, revealing these spots as hot commodities. Famed for their academic and student focus, LE2 uniquely attracts both rental seekers and homeowners alike, offering a kaleidoscope of property options likely to appeal to savvy investors and family-focused buyers.
Meanwhile, LE4 and LE5 provide a well-favoured middle ground. Properties in these districts offer a balance of price and local flavour, making them ideal for those who dare to combine suburban comfort with urban access.
For more insights, check out our guide on What Impacts House Prices in Leicester?.
So what does all this mean?
- Urban affordability: LE1 keeps city living within reach, linking cost with convenience.
- Suburban appeal: LE6 and LE7 promise serene living at a higher price — a worthwhile trade for tranquillity.
- High activity hotspots:
- LE2 and LE3 — robust markets with wide-ranging appeal.
- Balanced offerings:
- LE4 and LE5 — combining suburban charm with urban amenities.
In 2023, Leicester presents various opportunities across its districts, allowing buyers to choose whether they crave vibrancy or serenity. Whether it's a first step on the property ladder or a more advanced move, Leicester's landscape caters to all.
Please remember, the numbers below only show average prices and total transactions across each district.
They do not account for the average size of properties or the average cost per square foot across each district. Because of this, some trends might not be fully captured. For a sharper and more detailed breakdown of Leicester’s districts, head over to our blog. Thank you for your understanding.
Leicester House Prices vs Those in Nearby Towns
| City | Avg Price (£) | Transactions |
|---|---|---|
| Wigston | £241,100 | 3,481 |
| Markfield | £250,600 | 691 |
| Loughborough | £251,500 | 10,736 |
| Lutterworth | £344,700 | 2,167 |
| Hinckley | £240,700 | 5,189 |
| Richmond | £466,000 | 4,060 |
| Coalville | £233,000 | 4,685 |
| Ibstock | £226,200 | 928 |
| Market Harborough | £341,800 | 4,530 |
| Melton Mowbray | £261,500 | 4,209 |
Leicester's property market is like a well-stirred pot of stew—diverse, warming, and incredibly satisfying (well, if you like bricks and mortar over curry, that is!). On the hunt for a nest with a bit of character? You've come to the right city! With neighbours like Wigston, Markfield, and Loughborough, each offering their own flavour of homely charm, there’s plenty to digest.
Wigston, with its average price sitting nicely at £241,100, makes buying a house almost feel like buying a new bag of crisps—affordable and fulfilling. Markfield, slightly pricier at £250,600, offers a cozy suburban spot with just enough action to keep things lively. Fancy an evening stroll to soak in the Loughborough air? The £251,500 average means you might just afford a bigger block of cheese!
Hop over to Lutterworth, where things get more refined with a £344,700 price tag. It’s the caviar of the county—not everyone's cup of tea, but surely alluring for those with a taste for sophistication. Similarly, Market Harborough boasts an attractive £341,800, no doubt drawing in those who love a good historical charm mixed with modern comfort.
Then there's Richmond—a jewel in the crown, glittering with an average price of £466,000. High-flying professionals and nostalgia lovers flock here like bees to a particularly scrumptious pub, thanks to its strong heritage appeal.
Key takeaway for buyers:
- Wigston and Hinckley offer great value with average house prices under £250,000.
- Richmond charms with its premium £466,000 average, perfect for those seeking higher-end prestige homes.
- Gridlock-prone but cheaper Coalville and Ibstock hover around the £230,000 mark, ideal for first-time buyers.
- For lifestyle perks, Market Harborough and Lutterworth present slightly pricier but equally rewarding options.
What's the summary? Well, if you're looking to buy here, it’s less about where the grass is greener, and more about where the property prices make your wallet smile. From bustling Leics to serene Lutterworth, the choice is rich. Just like the Leicester market itself!
Please remember, the prices and transactions shown reflect broad averages without factoring home sizes.
Property size and cost per square foot are not factored in, meaning some shifts may be missed. To explore further, visit our blog.
What to Expect, Avoid or Watch in Leicester
From steep price hikes to suddenly popular postcodes, these easy reads bring you the sharper side of the local housing story. Not technical, just terrifically useful.
Smart Data, Smarter Decisions
Each price we publish is shaped with purpose - rebalanced, rechecked and rooted in dependable local data. Understand how it all comes together