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Market Insights/Market overview

Market overview

Everything the survey covers, with sale and rent kept apart.

Records surveyed
1,168
Listings in this category
Typical asking price
₦100M
The middle listing, not an average
Middle range
₦10M – ₦250M
Where most listings sit
Carrying a price
1,145
23 had none available
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Market overview reports

The full market report, drawn from the whole survey. June 2026 edition, PDF.

ProppieJune 2026
Property Market
Market overview · field survey edition
₦100Mtypical asking price
Source: Proppie Insights

Property Market Report

Market overviewPublished 2026
Or take the raw records1,168 rows exactly as surveyed — location, building type, size, title, status, asking price and deal price.
01

What the market costs

The two halves of the market, side by side.

Saleone-off capital price
₦200M
typical price — half of the 735 priced sale listings cost more than this, half cost less
Most listings fall between₦110M – ₦300M
Rentasking rent per year
₦7M
typical yearly rent — half of the 395 priced rent listings ask more than this, half ask less
Most listings fall between₦5M – ₦11M

These two are never combined. A sale price is paid once; a rent is paid every year, so an average of the two would describe nothing real.

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
₦360M₦270M₦180M₦90M₦0
₦4M
1-bed
n=40
₦6M
2-bed
n=112
₦12.5M
3-bed
n=327
₦200M
4-bed
n=388
₦300M
5-bed
n=125
₦360M
6-bed
n=26
Building typeMedian asking priceMean asking priceSample sizePrice range
Not stated₦85,000,000₦183,849,837613 of 622₦100k–₦3.5bn
Apartment₦9,000,000₦52,312,478230 of 237₦100k–₦1.6bn
Duplex Terrace₦230,000,000₦243,056,075107 of 109₦13M–₦2.4bn
Duplex₦305,000,000₦369,351,85254 of 54₦10M–₦1.3bn
Terrace₦250,000,000₦234,220,93043 of 45₦4.5M–₦700M
Duplex Semi Detached₦220,000,000₦270,806,45231 of 31₦150M–₦750M
Duplex Fully Detached₦350,000,000₦388,800,00030 of 30₦160M–₦560M
Shop₦10,000,000₦17,000,00010 of 12₦3M–₦70M
Bungalow₦195,000,000₦184,187,5008 of 8₦3.5M–₦290M
Fully Detached₦230,000,000₦266,666,6676 of 6₦100M–₦550M
Semi Detached₦220,000,000₦239,666,6676 of 6₦18M–₦450M
Apartment Terrace₦80,000,000₦96,250,0004 of 4₦5M–₦220M
Hotel₦3,000,000,000₦3,000,000,0001 of 1₦3bn–₦3bn
Fully Detached Semi Detached Terrace——0 of 1—
Apartment Duplex₦5,000,000₦5,000,0001 of 1₦5M–₦5M
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 622 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.