Luton property prices

The average property price in Luton postcode area is £317k. The average price increased by £24.7k (8%) over the last twelve months. The price of an established property is £314k. The price of a newly built property is £411k. There were 3.8k property sales and sales dropped by 5.9% (-259 transactions). Most properties were sold in the £300k-£400k price range with 941 (24.5%) properties sold, followed by £250k-£300k price range with 811 (21.1%) properties sold.

September 2020 - August 2021

Luton postcode area

England and Wales

£317k

average property price

£339k

average property price

8%

average price percentage change

12%

average price percentage change

£24.7k

average price change

£35.7k

average price change

Luton house prices map

This price map shows the average property price in a given postcode sector between September 2020 - August 2021. The most affordable place was 'LU1 2' with the average price of £144k. The most expensive place was 'LU6 2', £510k.

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 September 2020 - August 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 £317k, Luton is the 51. 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 September 2020 - August 2021.

Luton property sales share by price range
Property price rangeMarket shareSales volumes
under £50k0.0%1
£50k-£100k1.5%57
£100k-£150k5.2%199
£150k-£200k9.5%364
£200k-£250k18.5%712
£250k-£300k21.1%811
£300k-£400k24.5%941
£400k-£500k11.1%428
£500k-£750k6.9%265
£750k-£1M1.3%49
over £1M0.3%12

Luton cost comparison of new homes and older homes

September 2020 - August 2021

Luton cost comparison of new homes and older homes

£411k

A newly built property

£314k

An established property

Luton cost comparison of houses and flats

September 2020 - August 2021

Luton cost comparison of houses and flats

£484k

Detached

£156k

Flat

£313k

Semi-Detached

£256k

Terraced

Luton property price by number of rooms

The average nominal property price by number of rooms. Kitchen is included in the number of rooms.

Average price by number of rooms

Luton real house prices

Yearly average nominal house prices adjusted for inflation.

Luton real house prices

Luton house prices

Yearly average nominal prices compared to England & Wales' house prices

Luton house prices

Luton house prices per square meter

Yearly average nominal price per square meter compared to England & Wales' house prices

Luton house prices per square meter

Luton house prices and nearby areas

Yearly average nominal prices

Luton house prices and nearby areas

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

house prices per square meter

new home prices

property transactions

crime statistics

energy costs

salary and unemployment

home features

home energy certificates

population statistics

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