The Lancaster Property Market Update | June 2025

Welcome to this month’s Lancaster Property Market Report. While June’s weather has kept us guessing — switching from cool, drizzly mornings to sudden spells of summer heat — the local housing market has shown a reassuring sense of calm. In contrast to the unpredictability of the skies, Lancaster’s property market has remained remarkably steady. New instructions and sales agreed have held firm, closely mirroring levels seen this time last year. Even prices have stayed consistent, offering both buyers and sellers a sense of stability in a month where the forecast certainly couldn’t be trusted!

Nationally, both Rightmove and Zoopla have reported a continued rise in the number of homes available for sale, giving buyers across the country more choice than we've seen in recent years. Interestingly, their views on pricing in June slightly diverge. Rightmove noted a small dip in asking prices last month, hinting at some softening in the wider market. Zoopla, on the other hand, reported a modest annual increase of 1.4%, suggesting that whilst price growth has slowed, it hasn’t stalled entirely.

What Zoopla highlighted is a shift in where that growth is occurring. Prices in the £500,000-plus market have dipped, while more affordable areas of the UK have seen slight price rises. And Lancaster fits firmly into that category, offering great value for money compared to many other parts of the country. It’s this affordability that continues to attract a steady stream of buyers, from first-time homeowners to relocating professionals. 

Here are your key figures for June…

Let’s talk property prices.

The average home in Lancaster now stands at £187,923, based on 555 transactions over the past 12 months — a small but positive increase from last month’s figure of £187,595. This slight uptick reinforces what we’re seeing on the ground: a market that remains stable and quietly confident.

Zooming out to the bigger picture, average prices in Lancaster have grown by 4.9% over the last 12 months. That’s encouraging news for homeowners — particularly those in semi-detached and terraced homes, where annual price growth has reached 7.5% and 5.7% respectively. Semi-detached homes are now averaging £210,251, while terraced properties come in at £170,939. Even flats and apartments have seen a 4.2% rise, now averaging £129,999.

Detached properties have seen a slight dip of 1.2% year-on-year, though they still command the highest prices in the area, averaging £384,570. It’s a reminder that Lancaster continues to offer a broad mix of options for movers at all stages — from first-time buyers stepping onto the ladder to families upsizing into larger homes.

Choice is the word that continues to define Lancaster’s property market in 2025.

 The number of available homes for sale has now reached 646 — the highest it’s been in five years. That’s up from 494 in June last year, and a substantial leap from just 300 in June 2022, when the market was at its most frantic and competitive.

More homes on the market is great news for buyers. It means more options, less pressure, and the ability to be more selective. But for sellers, this increased competition is having a knock-on effect, and we’re now seeing a sharp rise in price reductions as a result. In June, 95 properties saw their asking price adjusted — a steep climb from 53 this time last year, and more than four times the number seen in the height of the 2022 market frenzy.

This shift underlines an important truth: we’re no longer in a market where “testing the waters” with pricing works. Buyers are better informed and more cautious. Homes that are priced right from the start are the ones that still sell — and sell well.

As we step into July, there are now 693 homes for sale across Lancaster — and of those, 308 have been on the market for 12 weeks or more. That means nearly half of all available homes are lingering unsold. It's a telling statistic that speaks to the importance of strategy in today’s market.

Interestingly, homes that did sell in June went under offer in an average of just 41 days — showing that well-presented, well-priced homes are still attracting serious attention. However, when we look at the broader picture, the average time to sell across all properties now sits at 80 days. This varies considerably depending on property type and price bracket — some homes move quickly, others take far longer.

So, what can you do to improve your chances of selling in a more competitive market?

Presentation matters

First impressions count, especially online. Great photos, tidy spaces, and kerb appeal can make all the difference.

Price realistically 

Today’s buyers are savvy and well-informed. Homes priced sensibly from the outset attract more viewings and stronger offers.

Know your competition 

With more choice available, buyers are comparing. Understanding what else is out there in your price bracket will help you position your property smartly.

Selling in 2025 isn’t about luck — it’s about preparation, positioning, and having a clear plan.

In summary, Lancaster’s housing market remains stable, with steady prices and a growing level of choice for buyers. The key to success in this more competitive climate is preparation — from getting the price right to presenting your home at its best. If you're thinking of selling this summer, now is the time to plan wisely and act confidently.

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

Let's chat soon

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 seventh 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!