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Private Property House Price Index · October 2026

Flat prices in Lekki Phase 1, Lagos

Median asking sale price for flat listings in Lekki Phase 1, Lagos, from the listings first published on Private Property in the three months to each month.

Median sale price · October 2026

₦308M

Typical: ₦254M–₦377M

Half of listings asked between these two figures.

Gross rental yield 4.8% · median rent ₦14.7M/year

On last month
On a year ago
▲ +1.4%
▲ +12.7%
Listings
Listings published
305
Aug–Oct 2026

Median sale price by month

Median   Typical range (lower to upper quartile). Asking prices of listings first published in the three months to each month.

Sale price in Lekki Phase 1 by size, October 2026

Month by month

MonthMedianTypical rangeListingsOn last month
October 2026 ₦308M ₦254M–₦377M 305 ▲ +1.4%
September 2026 ₦304M ₦251M–₦370M 330 ▲ +0.5%
August 2026 ₦302M ₦253M–₦374M 316 ▲ +0.6%
July 2026 ₦300M ₦250M–₦368M 305 ▼ -0.4%
June 2026 ₦302M ₦252M–₦381M 259 ▲ +0.4%
May 2026 ₦301M ₦249M–₦361M 243 ▲ +1.2%
April 2026 ₦297M ₦240M–₦355M 248 0.0%
March 2026 ₦297M ₦229M–₦348M 259 ▲ +6.1%
February 2026 ₦280M ₦227M–₦345M 229 ▲ +3.6%
January 2026 ₦270M ₦217M–₦353M 211 ▲ +5.5%
December 2025 ₦256M ₦194M–₦352M 183 ▼ -4.7%
November 2025 ₦269M ₦196M–₦358M 203 ▼ -1.8%
October 2025 ₦274M ₦200M–₦341M 205 ▲ +1.4%
September 2025 ₦270M ₦216M–₦325M 252 ▲ +1.8%
August 2025 ₦265M ₦213M–₦318M 255 ▲ +1.4%
July 2025 ₦261M ₦216M–₦330M 252 ▲ +1.9%
June 2025 ₦257M ₦197M–₦350M 203 ▲ +0.5%
May 2025 ₦255M ₦183M–₦346M 191 ▼ -0.2%
April 2025 ₦256M ₦181M–₦312M 212 ▲ +15.5%
March 2025 ₦222M ₦176M–₦301M 217 ▲ +0.5%
February 2025 ₦220M ₦174M–₦303M 198 ▲ +7.2%
January 2025 ₦206M ₦163M–₦271M 162 ▲ +2.4%
December 2024 ₦201M ₦163M–₦270M 143 ▲ +5.5%
November 2024 ₦190M ₦155M–₦256M 126 ▼ -1.8%

Frequently asked

What is the typical flat price in Lekki Phase 1, Lagos?
The median asking price for flat listings in Lekki Phase 1, Lagos was ₦308M in October 2026, according to the Private Property House Price Index.
What is the typical range for flat prices in Lekki Phase 1, Lagos?
Half of the listings counted in October 2026 asked between ₦254M and ₦377M.
Are flat prices in Lekki Phase 1, Lagos going up?
Yes. The median was up 12.7% on a year earlier: ₦308M in October 2026 against ₦274M in October 2025.
Cite this figure. Private Property House Price Index, October 2026, Private Property Nigeria, https://privateproperty.ng/market-trends/sale/flats-apartments/lagos/lekki/lekki-phase-1
Free to reuse under CC BY 4.0, with credit to Private Property and a link to this page.
How these figures are worked out