Proppie.
Market Insights/Developers

Developers

New-build offered for sale by the developer rather than resold. Capital prices only.

Records surveyed
122
Listings in this category
Typical asking price
₦250M
The middle listing, not an average
Middle range
₦168M – ₦350M
Where most listings sit
Carrying a price
120
2 had none available
Download

Developers reports

3 reports for this category, each a different cut of the same survey. June 2026 edition, PDF.

ProppieJune 2026
Primary Market Price
Developers · field survey edition
₦250Mtypical asking price
Source: Proppie Insights

Primary Market Price Report

DevelopersPublished 2026
ProppieJune 2026
Developer Stock
Developers · field survey edition
9building types
Source: Proppie Insights

Developer Stock Report

DevelopersPublished 2026
ProppieJune 2026
Primary Market by Location
Developers · field survey edition
3locations covered
Source: Proppie Insights

Primary Market by Location Report

DevelopersPublished 2026
Or take the raw records122 rows exactly as surveyed — location, building type, size, title, status, asking price and deal price.
01

What it costs

Prices for developers, in Naira.

Typical asking price
₦250M
Half ask more, half ask less
Most listings between
₦168M – ₦350M
The middle half, ignoring extremes
Cheapest recorded
₦70M
Lowest asking price in this category
Highest recorded
₦3.4bn
Highest asking price in this category

How the 120 priced listings spread out

Number of listings in each price bracket.
Calculated
Under ₦20M
00%
₦20M – ₦50M
00%
₦50M – ₦100M
65%
₦100M – ₦200M
3428%
₦200M – ₦400M
6151%
₦400M and above
1916%

2 of the 122 records carry no price — the field team could not obtain one. They are counted as listings but left out of every figure above.

02

Price benchmarks

What sellers are asking, by size and building type.

Asking price by bedroom count

Median asking price, with the number of priced listings behind each column.
Calculated
₦370M₦278M₦185M₦92.5M₦0
₦100M
1-bed
n=1
₦90M
2-bed
n=3
₦135M
3-bed
n=23
₦270M
4-bed
n=66
₦250M
5-bed
n=22
₦370M
6-bed
n=5
Building typeMedian asking priceMean asking priceSample sizePrice range
Not stated₦270,000,000₦366,746,47971 of 72₦90M–₦3.4bn
Terrace₦250,000,000₦266,086,95723 of 23₦120M–₦700M
Apartment₦110,000,000₦112,307,69213 of 13₦70M–₦160M
Semi Detached₦250,000,000₦284,000,0005 of 5₦180M–₦450M
Fully Detached₦230,000,000₦207,500,0004 of 4₦100M–₦270M
Fully Detached Semi Detached Terrace——0 of 1—
Duplex₦210,000,000₦210,000,0001 of 1₦210M–₦210M
Apartment Terrace₦150,000,000₦150,000,0001 of 1₦150M–₦150M
Duplex Terrace₦170,000,000₦170,000,0001 of 1₦170M–₦170M
Estate₦300,000,000₦300,000,0001 of 1₦300M–₦300M

Median is the middle listing; mean is the arithmetic average and sits higher wherever a few large listings pull it up. Sample size shows how many of that type carried a price — treat any row in single figures as indicative only. Building type was not recorded on 72 of these listings; they are shown as Not stated rather than dropped, so that row describes coverage in the survey rather than a kind of property.