The Lancaster Property Market Update | July 2025

Welcome to the June Lancaster Property Market Update

Lancaster’s housing market is far busier than many expected this summer. Buyer demand, agreed sales, and the number of homes for sale are all up. In fact, sales agreed across the city are 40% higher than this time last year – a clear sign of renewed confidence.

Buyers also have more choice. The supply of new homes coming to the market remains consistent, which is helping to keep house prices steady. For many, this balance between demand and supply is welcome.

Why the sudden surge in sales activity?

One key factor is mortgages. Lenders have relaxed affordability rules, meaning buyers can borrow more – and it’s encouraging people to take the plunge.

It’s not just a local story. Across the UK, the housing market is stronger than expected for this time of year. Zoopla reports buyer demand is up 11%, agreed sales are up 8%, and there’s a record number of homes on the market.

We’re seeing this across Lancaster too (although sales agreed is welcomingly higher!). Buyers are acting now, hoping to secure a deal before the usual August holiday slowdown. It’s a surprisingly active summer – and a good time to move if you’re ready.

Here are your key figures for June…

What’s happening with house prices in Lancaster?

House prices in Lancaster are mostly steady, with some small changes depending on the property type.

Detached homes have seen a slight dip this month. The average price is now £377,764, down from £384,570 in June – a drop of 1.8%. Over the past year, detached homes have seen a 2.9% fall in value per square foot.

Semi-detached homes remain strong. Prices have edged up to £210,808 from £210,251 last month, with a 6.5% rise in value per square foot over the past 12 months. They continue to be popular with families and upsizers.

Terraced homes have slipped slightly in price. The average is now £165,974, down from £170,939. However, values are still up 3.1% per square foot compared to a year ago.

Apartments are showing steady growth. The average price has risen to £130,465, up slightly from £129,999. They’ve increased 5% in value per square foot over the last 12 months.

Overall, the market remains balanced. Prices are holding firm thanks to strong demand and a good level of supply, creating a healthier environment for both buyers and sellers.

Market Activity – July 2025

The Lancaster property market continues to show strong momentum this summer. In July, 106 sales were agreed – the highest figure we've seen for this month in three years and a big jump from just 74 this time last year. This is a clear sign that buyers are active and making decisions.

At the same time, 103 new properties came to market – a consistent level compared to previous years. However, the total number of homes available has dipped slightly. There were 669 properties for sale at the end of July, down from 693 last month, but still significantly higher than any July figure since 2021. This gives buyers more choice and keeps pricing balanced.

Interestingly, price reductions hit a new high, with 90 properties seeing adjustments – the highest in five years. This reflects the need for realistic pricing, especially in a market with growing competition.

Most sales were in the £125,001–£250,000 price band, with terraced homes the most popular type, making up 45 of the 106 sales. LA1 4 was the busiest postcode, with 30 properties sold.

Overall, Lancaster remains a lively market, with plenty of movement and opportunities for both buyers and sellers who are ready to act.

What does this mean for buyers and sellers?

The current average price for a home in Lancaster now stands at £184,353 – offering good value compared to many parts of the UK. But while the market is active, the timeline to move is longer than many people expect. On average, it takes 79 days to agree a sale, and a further 118 days for the legal process to be completed. That means buyers purchasing in August are now realistically looking at moving in early 2026.

For sellers, this highlights the importance of getting the price right from day one. With more choice on the market, buyers are acting fast – but only on homes they feel are priced fairly. For buyers, this is a good time to act, especially with affordability improving and a wider range of homes available.

The key takeaway? If you're hoping to move by the new year, the clock is ticking. Getting prepared now puts you in the strongest position.

At JDG, we helped 41 of the 106 buyers and sellers who agreed sales in Lancaster this July – that’s nearly 40% of the market. We’re also proud to have over 500 five-star Google reviews, which means hundreds of happy clients. If you're thinking of moving, let’s have a chat. We’re here to guide you every step of the way.

Call us on 01524 843322 or email michelle@jdg.co.uk

Thanks for reading

Michelle

Important notice for potential sellers 

We're proud to inform you that we've been ranked among the top 2% of all estate agents in the UK for the sixth consecutive year.  This is the highest accolade any UK estate agent can receive, and it's based on marketing, service, and results and is judged against all other agents across the country.    On average we achieve 1.4% more for our clients than other agents in our area, a key reason to_ choose us for a successful property sale! 

The graph below showx how many homes sold in Lancaster in July 2025 and highlight our sucess.