The Lancaster Property Market Update | August 2025

August in Lancaster followed a very traditional pattern. After the buzz of July, the market naturally slowed, as it so often does at this time of year. With both universities on summer recess and many families heading off on their holidays, activity always dips slightly. It’s worth noting that 106 homes sold in July, compared to just 70 in August, which really underlines how much quieter the month was. That said, it didn’t stop 100 people listing their homes for sale – a mix of families preparing for their next move and landlords choosing to exit the rental market.

For buyers, the choice of homes has rarely been higher. At the end of August, 573 properties were available – the most we’ve seen for several years. While this is great news for those searching, it does slow down price growth, as greater choice means buyers don’t feel the same urgency to make quick offers. The attached graph clearly shows this balance of supply and demand at play.

So while August may have been slower, the local market hasn’t stood still. Now, as we move into September – one of the most active months of the year – the countdown to Christmas is set to re-energise Lancaster’s property market.

Here are your key figures for August…

What’s selling in Lancaster?

When we look at the types of homes going under offer in August, terraces once again led the way. Of the 70 new sales agreed, 40 were terraced houses, showing just how popular they remain with first-time buyers and young families. Semi-detached homes made up 19 of the agreed sales, while detached houses were far quieter, with only 3 buyers securing one. Bungalows also had a steadier but smaller share, with 8 sales agreed.

In terms of price brackets, the most active part of the market was between £125,000 and £250,000, which accounted for over half of all sales agreed. Homes priced above £500,000 remained rare, with just one sale in August. This really reflects what we are seeing on the ground – affordability continues to be a driving force, with demand strongest in the mid-market where homes are more realistically priced and mortgage repayments feel manageable.

Looking at the postcodes, LA1 4 was the busiest area, with 22 homes going under offer – more than double some other parts of the city. Other active pockets included LA1 5 and LA1 3, though sales were more modest. This postcode breakdown is a useful reminder that Lancaster’s market is not uniform; activity can vary significantly street by street.

What’s happening with house prices in Lancaster?

The average home in LA1 now stands at £184,931 – that’s 3% higher than this time last year. However, not every property type has seen values rise. Detached homes, for example, are showing a decrease, with the average price per square foot down by 4.9%. In contrast, apartments have seen strong growth, with their average price per square foot increasing by 7.5%. This really highlights how the market isn’t moving in the same way for everyone. It also varies by postcode, with some areas holding their values better than others. It’s one of the reasons why we always recommend a valuation appointment if you are considering selling – accurate pricing advice tailored to your home and location is key to achieving the best result.

So, while August was quieter, the market has by no means stood still. With more homes for sale than we’ve seen in years and buyers still actively searching, the signs are there that activity is ready to build again. September is traditionally one of the most active months in Lancaster’s property calendar. Families return from holidays, students settle back into university life, and many sellers use the “back to school” moment as the signal to get moving before Christmas. Buyers, too, often have a renewed sense of urgency – there’s something about the countdown to the festive season that sharpens people’s focus.

For anyone thinking of selling, the coming weeks are an important window of opportunity. Well-presented homes, priced sensibly, will continue to attract strong interest. For buyers, the choice is excellent right now, but competition for the best homes will increase as activity picks up. At JDG, we’ll be watching closely as Lancaster heads into this next phase of the year – and if history is anything to go by, September should be a busy month for our city’s housing market.

Thinking of moving?  Call us on 01524 843322 or email michelle@jdg.co.uk

Thanks for reading

Michelle

Important notice for potential sellers 

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