Lancashire property prices

The average property price in Lancashire county is £175k. The average price increased by £5.9k (3%) over the last twelve months. The price of an established property is £171k. The price of a newly built property is £236k. There were 17.5k property sales and sales dropped by 30.7% (-8.6k transactions). Most properties were sold in the £100k-£150k price range with 4525 (25.8%) properties sold, followed by £50k-£100k price range with 3876 (22.1%) properties sold.

March 2020 - February 2021

Lancashire county

England and Wales

£175k

average property price

£320k

average property price

3%

average price percentage change

8%

average price percentage change

£5.9k

average price change

£22.6k

average price change

Lancashire house prices map

This price map shows the average property price in a given postcode sector between March 2020 - February 2021. The most affordable place was 'BB9 7' with the average price of £52.7k. The most expensive place was 'L40 3', £520k.

Lancashire house prices map

Lancashire house prices compared to other counties

Comparison of the average property price and an average price percentage change by county. Price % change compares the average property price between March 2020 - February 2021 to the average price in the previous 12 months. The size of the circle shows the number of property transactions. The bigger the circle the higher the sales volumes in county.

Lancashire house prices compared to other countiesAverage price percentage change
Average property price

Lancashire house price rank

With the average price of £175k, Lancashire is the 6. cheapest county out of 55 England and Wales' counties.

Lancashire house price rank

Lancashire property sales share by price range

shows a number of properties sold in a given price range between March 2020 - February 2021.

Lancashire property sales share by price range
Property price rangeMarket shareSales volumes
under £50k4.6%806
£50k-£100k22.1%3.9k
£100k-£150k25.8%4.5k
£150k-£200k18.7%3.3k
£200k-£250k11.4%2.0k
£250k-£300k6.5%1.1k
£300k-£400k6.4%1.1k
£400k-£500k2.4%421
£500k-£750k1.8%312
£750k-£1M0.2%41
over £1M0.1%19

Lancashire cost comparison of new homes and older homes

March 2020 - February 2021

Lancashire cost comparison of new homes and older homes

£236k

A newly built property

£171k

An established property

Lancashire cost comparison of houses and flats

March 2020 - February 2021

Lancashire cost comparison of houses and flats

£305k

Detached

£112k

Flat

£171k

Semi-Detached

£110k

Terraced

Lancashire real house prices

Yearly average nominal house prices adjusted for inflation.

Lancashire real house prices

Lancashire house prices compared to England & Wales' house prices

Yearly average nominal prices

Lancashire house prices

Lancashire house prices per square meter

Yearly average nominal prices per square meter.

Average price per square meter

Lancashire house prices and nearby counties

Yearly average nominal prices

Lancashire house prices and nearby counties

Lancashire house prices new vs established

Yearly average nominal prices. Graphs shows a difference between house prices of newly built properties and house prices of established residential properties.

Lancashire house prices new vs established

Lancashire house prices by property type

Yearly average nominal prices

Lancashire house prices by property type

Lancashire house price to earnings ratio

The median property price to median earnings ratio is ranging between 3.3 in Burnley and 7.1 in Ribble Valley. Ie. Burnley resident with middle-income needs 3.3 gross annual salaries to buy a medium-priced property. Resident in Ribble Valley needs 7.1 annual salaries. The England and Wales ratio was 7.7 in 2019.
Lancashire house price to earnings ratio history

Local authorityMedian house price to median salary ratio in 2019
Burnley3.3
Hyndburn4
Pendle4.1
Blackpool4.6
Blackburn with Darwen4.8
Rossendale5.2
Chorley5.5
Lancaster5.5
Preston5.6
Wyre5.8
South Ribble5.9
Fylde6.2
West Lancashire6.7
Ribble Valley7.1
England and Wales7.7

Other reports for Lancashire county

new home prices

property transactions

salary and unemployment

home features

population statistics

crime statistics

home energy certificates

energy costs

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