Luton property prices

The average property price in Luton postcode area is £305k. The average price increased by £19.8k (7%) over the last twelve months. The price of an established property is £299k. The price of a newly built property is £377k. There were 3.0k property sales and sales dropped by 36.1% (-1.9k transactions). Most properties were sold in the £250k-£300k price range with 684 (22.5%) properties sold, followed by £300k-£400k price range with 636 (20.9%) properties sold.

March 2020 - February 2021

Luton postcode area

England and Wales

£305k

average property price

£320k

average property price

7%

average price percentage change

8%

average price percentage change

£19.8k

average price change

£22.6k

average price change

Luton 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 'LU1 2' with the average price of £127k. The most expensive place was 'LU6 2', £525k.

Luton house prices map

Luton house prices compared to other areas

Comparison of the average property price and an average price percentage change by postcode area. 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 postcode area.

Luton house prices compared to other areasAverage price percentage change
Average property price

Luton house price rank

With the average price of £305k, Luton is the 49. most pricey postcode area out of 105 England and Wales' postcode areas.

Luton house price rank

Luton property sales share by price range

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

Luton property sales share by price range
Property price rangeMarket shareSales volumes
under £50k0.0%1
£50k-£100k2.1%63
£100k-£150k5.4%163
£150k-£200k11.4%346
£200k-£250k20.3%617
£250k-£300k22.5%684
£300k-£400k20.9%636
£400k-£500k9.5%289
£500k-£750k6.5%198
£750k-£1M1.1%34
over £1M0.3%9

Luton cost comparison of new homes and older homes

March 2020 - February 2021

Luton cost comparison of new homes and older homes

£377k

A newly built property

£299k

An established property

Luton cost comparison of houses and flats

March 2020 - February 2021

Luton cost comparison of houses and flats

£474k

Detached

£155k

Flat

£303k

Semi-Detached

£252k

Terraced

Luton real house prices

Yearly average nominal house prices adjusted for inflation.

Luton real house prices

Luton house prices compared to England & Wales' house prices

Yearly average nominal prices

Luton house prices

Luton house prices per square meter

Yearly average nominal prices per square meter.

Average price per square meter

Luton house prices and nearby areas

Yearly average nominal prices

Luton house prices and nearby areas

Luton 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.

Luton house prices new vs established

Luton house prices by property type

Yearly average nominal prices

Luton house prices by property type

Luton house price to earnings ratio

The median property price to median earnings ratio is ranging between 8.2 in Luton and 9 in Central Bedfordshire. Ie. Luton resident with middle-income needs 8.2 gross annual salaries to buy a medium-priced property. Resident in Central Bedfordshire needs 9 annual salaries. The England and Wales ratio was 7.7 in 2019.
Luton house price to earnings ratio history

Local authorityMedian house price to median salary ratio in 2019
England and Wales7.7
Luton8.2
Central Bedfordshire9

Other reports for Luton postcode area

new home prices

property transactions

salary and unemployment

home features

population statistics

crime statistics

home energy certificates

energy costs

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