FREEPHONE 0800 044 3733 Lines Open 24/7
FREE Cash Offer CALL US on FREEPHONE0800 044 3733
You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in Leicester

Leicester House Prices Leicester House Prices

The average house price in Leicester is £264,123 using HM Land Registry data.

The average property price increased by £55,583 (25.37%) over the last 5 years and increased by £11,137 (4.23%) over the last 12 months.

Over the last year, there were 2,067 residential property sales – a decrease of 672 transactions (-32.51%) relative to the previous year. The majority of house sales (498) were in the £236,000 - £284,000 range. Then came properties in the £188,000 - £236,000 range, where 461 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 125 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,205 (-3%).

In Dec 24, there were 276 new estate agency instructions, 260 agreed home sales and 200 property price reductions.

Neighbouring Areas: Birstall, Thurmaston, Leicester Forest East and Kirby Muxloe, Oadby, Enderby and Narborough, Wigston, Blaby and Whetstone

Postcodes Covered: LE1, LE19, LE2, LE3, LE4, LE5, LE7

5-Year Average Property Prices in Leicester

25.37%

Property prices in Leicester increased by 25.37% 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

4.23%

Property prices in Leicester increased by 4.23% 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 Leicester - Dec 24

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

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
48 Edgehill Road, Leicester, LE4 9EB£240,000£232,000-£8,00003 May 202422 Nov 2024203 Days
18 Brook Road, Leicester, LE5 2HD£215,000£210,000-£5,00009 Jul 202422 Nov 2024136 Days
12 Oxford Avenue, Leicester, LE2 1HP£200,000£185,000-£15,00011 May 202422 Nov 2024195 Days
37 Rowsley Avenue, Leicester, LE5 5BS£335,000£335,000£0012 Aug 202415 Nov 202495 Days
22 Eastfield Road, Leicester, LE3 6FE£480,000£480,000£0024 Feb 202415 Nov 2024265 Days
109 Beaumont Leys Lane, Leicester, LE4 2BD£255,000£247,000-£8,00006 Feb 202414 Nov 2024282 Days
30 Cyprus Road, Leicester, LE2 8QS£190,000£190,000£0017 Apr 202408 Nov 2024205 Days
18 Cranstone Crescent, Glenfield, Leicester, LE3 8LA£220,000£210,000-£10,00020 May 202408 Nov 2024172 Days
74 Westfield Road, Leicester, LE3 6HW£280,000£275,000-£5,00020 May 202408 Nov 2024172 Days
76 Gwencole Crescent, Leicester, Leicestershire, LE3 2FH£210,000£210,000£0009 Feb 202408 Nov 2024273 Days
363 Scraptoft Lane, Scraptoft, Leicester, Leicestershire, LE7 9SE£495,000£495,000£0017 May 202408 Nov 2024175 Days
46 Berridge Lane, Leicester, LE4 7QA£325,000£315,000-£10,00013 Jun 202407 Nov 2024147 Days
136 Halifax Drive, Leicester, LE4 2DQ£230,000£229,000-£1,00009 Apr 202407 Nov 2024212 Days
40 Richmond Drive, Glen Parva, Leicester, Leicestershire, LE2 9TJ£245,000£240,000-£5,00011 Jun 202407 Nov 2024149 Days
166 Wintersdale Road, Leicester, LE5 2GN£475,000£472,000-£3,00021 Jul 202406 Nov 2024108 Days
63 Grange Lane, Thurnby, Leicester, Leicestershire, LE7 9PH£825,000£815,000-£10,00013 Jun 202406 Nov 2024146 Days
7 Abbots Close, Leicester, LE5 1EH£290,000£290,000£0006 Jul 202404 Nov 2024121 Days
29 Hobson Road, Leicester, LE4 2AR£265,000£262,000-£3,00019 Aug 202401 Nov 202474 Days
52 Heather Road, Leicester, LE2 6DD£280,000£280,000£0004 Jun 202401 Nov 2024150 Days
36 Kirminton Gardens, Leicester, LE5 2EN£250,000£250,000£0015 May 202431 Oct 2024169 Days

Most Expensive Streets in Leicester

PostcodeStreetAreaAverageNo. of Sales
LE2 3HHKnighton RoadLeicester£977,5003
LE2 3TJSouthernhay RoadLeicester£867,1663
LE2 8PFLutterworth RoadAylestone£851,6663
LE2 3HEStoneygate AvenueLeicester£845,0003
LE5 6AJLinden DriveLeicester£780,0504
LE5 6HHSpencefield LaneLeicester£767,5003
LE3 8PZWaring CloseGlenfield£767,3333
LE7 9RWThe CopseBushby£751,6663
LE2 2PFMorland AvenueLeicester£727,3124
LE7 9PLMain StreetBushby£720,4378

Least Expensive Streets in Leicester

PostcodeStreetAreaAverageNo. of Sales
LE4 7WALonghurst CloseLeicester£58,0005
LE5 4WNCarrick PointFalmouth Road£59,55010
LE1 3UNNavigation StreetLeicester£62,5844
LE1 3UJNavigation StreetLeicester£71,0003
LE5 0LFVictoria Road EastLeicester£73,3333
LE1 1RBRutland StreetLeicester£73,7005
LE3 0PENarborough RoadLeicester£78,1254
LE5 4WHFalmouth RoadLeicester£79,6005
LE1 3AHLee StreetLeicester£83,05010
LE5 4ETIllingworth RoadLeicester£85,6663

Explore Leicester and Neighbouring Area House Prices

Sell Your
House Fast
Property Auctions Leicester
Property Auctions Leicester
We Buy
Any House
House
Valuation
Tools

Selling?
Get Your FREE
House Valuation Report

Office for National Statistics & Land Registry

We Are Regulated:

Property Ombudsman
Gov.UK Money Laundering Regulations
Trading Standards Approved
National Association of Property Buyers (NAPB)
ICO Registered
NAEA PropertyMark