Leicester property prices

The average property price in Leicester postcode area is £259k. The average price increased by £15.1k (6%) over the last twelve months. The price of an established property is £255k. The price of a newly built property is £303k. There were 10.1k property sales and sales dropped by 32.5% (-5.4k transactions). Most properties were sold in the £150k-£200k price range with 2531 (25.1%) properties sold, followed by £200k-£250k price range with 2161 (21.5%) properties sold.

March 2020 - February 2021

Leicester postcode area

England and Wales

£259k

average property price

£320k

average property price

6%

average price percentage change

8%

average price percentage change

£15.1k

average price change

£22.6k

average price change

Leicester 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 'LE1 2' with the average price of £98.6k. The most expensive place was 'LE15 8', £523k.

Leicester house prices map

Leicester 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.

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

Leicester house price rank

With the average price of £259k, Leicester is the 47. cheapest postcode area out of 105 England and Wales' postcode areas.

Leicester house price rank

Leicester property sales share by price range

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

Leicester property sales share by price range
Property price rangeMarket shareSales volumes
£50k-£100k2.8%284
£100k-£150k12.4%1.2k
£150k-£200k25.1%2.5k
£200k-£250k21.5%2.2k
£250k-£300k13.2%1.3k
£300k-£400k14.0%1.4k
£400k-£500k5.8%589
£500k-£750k3.9%388
£750k-£1M0.8%76
over £1M0.5%46

Leicester cost comparison of new homes and older homes

March 2020 - February 2021

Leicester cost comparison of new homes and older homes

£303k

A newly built property

£255k

An established property

Leicester cost comparison of houses and flats

March 2020 - February 2021

Leicester cost comparison of houses and flats

£372k

Detached

£141k

Flat

£223k

Semi-Detached

£185k

Terraced

Leicester real house prices

Yearly average nominal house prices adjusted for inflation.

Leicester real house prices

Leicester house prices compared to England & Wales' house prices

Yearly average nominal prices

Leicester house prices

Leicester house prices per square meter

Yearly average nominal prices per square meter.

Average price per square meter

Leicester house prices and nearby areas

Yearly average nominal prices

Leicester house prices and nearby areas

Leicester 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.

Leicester house prices new vs established

Leicester house prices by property type

Yearly average nominal prices

Leicester house prices by property type

Leicester house price to earnings ratio

The median property price to median earnings ratio is ranging between 6.8 in North West Leicestershire and 9 in Rutland. Ie. North West Leicestershire resident with middle-income needs 6.8 gross annual salaries to buy a medium-priced property. Resident in Rutland needs 9 annual salaries. The England and Wales ratio was 7.7 in 2019.
Leicester house price to earnings ratio history

Local authorityMedian house price to median salary ratio in 2019
North West Leicestershire6.8
Charnwood7
Hinckley and Bosworth7
Blaby7.1
Leicester7.5
England and Wales7.7
Oadby and Wigston7.8
Melton8.4
Harborough8.6
Rutland9

Other reports for Leicester 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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