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Private Property House Price Index · October 2026

House prices in Lekki Phase 1, Lagos

Median asking sale price for house 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

₦626M

Typical: ₦393M–₦1.1B

Half of listings asked between these two figures.

Gross rental yield 4.1% · median rent ₦26M/year

On last month
On a year ago
▼ -5.5%
▲ +22.4%
Listings
Listings published
240
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 ₦626M ₦393M–₦1.1B 240 ▼ -5.5%
September 2026 ₦662M ₦408M–₦973M 291 ▼ -5.7%
August 2026 ₦702M ₦418M–₦976M 320 ▲ +9.2%
July 2026 ₦643M ₦442M–₦914M 373 ▲ +3.4%
June 2026 ₦622M ₦399M–₦872M 367 ▲ +0.7%
May 2026 ₦618M ₦385M–₦873M 335 ▲ +0.2%
April 2026 ₦617M ₦376M–₦862M 301 ▼ -4.8%
March 2026 ₦648M ₦384M–₦888M 286 ▼ -2.0%
February 2026 ₦661M ₦390M–₦943M 261 ▼ -10.1%
January 2026 ₦735M ₦392M–₦1.1B 270 ▲ +3.4%
December 2025 ₦711M ₦372M–₦1B 264 ▲ +6.9%
November 2025 ₦665M ₦352M–₦1B 337 ▲ +30.0%
October 2025 ₦511M ₦318M–₦907M 420 ▲ +2.6%
September 2025 ₦498M ₦309M–₦851M 456 ▲ +8.0%
August 2025 ₦461M ₦306M–₦767M 469 ▲ +2.8%
July 2025 ₦449M ₦281M–₦752M 413 ▲ +0.2%
June 2025 ₦448M ₦282M–₦781M 332 ▲ +0.8%
May 2025 ₦445M ₦279M–₦745M 280 ▼ -1.1%
April 2025 ₦450M ₦303M–₦746M 291 ▲ +1.5%
March 2025 ₦443M ₦285M–₦737M 352 ▼ -0.3%
February 2025 ₦444M ₦287M–₦740M 344 ▲ +14.3%
January 2025 ₦389M ₦258M–₦704M 317 ▲ +1.8%
December 2024 ₦382M ₦255M–₦615M 276 ▲ +5.9%
November 2024 ₦360M ₦252M–₦610M 259 ▼ -5.9%

Frequently asked

What is the typical house price in Lekki Phase 1, Lagos?
The median asking price for house listings in Lekki Phase 1, Lagos was ₦626M in October 2026, according to the Private Property House Price Index.
What is the typical range for house prices in Lekki Phase 1, Lagos?
Half of the listings counted in October 2026 asked between ₦393M and ₦1.1B.
Are house prices in Lekki Phase 1, Lagos going up?
Yes. The median was up 22.4% on a year earlier: ₦626M in October 2026 against ₦511M in October 2025.
Cite this figure. Private Property House Price Index, October 2026, Private Property Nigeria, https://privateproperty.ng/market-trends/sale/houses/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