What is the typical 5-bedroom property price in Banana Island, Lagos?

The median asking price for 5-bedroom property listings in Banana Island, Lagos was ₦4.6B in October 2026, according to the Private Property House Price Index.

What is the typical range for 5-bedroom property prices in Banana Island, Lagos?

Half of the listings counted in October 2026 asked between ₦3.2B and ₦5.5B.

Are 5-bedroom property prices in Banana Island, Lagos going up?

Yes. The median was up 64.8% on a year earlier: ₦4.6B in October 2026 against ₦2.8B in October 2025.

Private Property House Price Index · October 2026

5-bedroom property prices in Banana Island, Lagos

Name: 5-bedroom property prices in Banana Island, Lagos — Private Property House Price Index
Creator: Private Property Nigeria
License: https://creativecommons.org/licenses/by/4.0/

Median asking sale price for 5-bedroom property listings in Banana Island, Lagos, from the listings first published on Private Property in the three months to each month.

Median sale price · October 2026

₦4.6B

Typical: ₦3.2B–₦5.5B

Half of listings asked between these two figures. Small sample

On last month
On a year ago: ▲ +1.1%; ▲ +64.8%
Listings
Listings published: 33; 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 Banana Island by size, October 2026

All sizes ₦3.5B Small sample 4 bedrooms ₦2.7B Small sample 5 bedrooms ₦4.6B Small sample

Month by month

Month	Median	Typical range	Listings	On last month
October 2026	₦4.6B	₦3.2B–₦5.5B	33 Small sample	▲ +1.1%
September 2026	₦4.5B	₦2.2B–₦5.4B	36 Small sample	▲ +11.2%
August 2026	₦4.1B	₦1.6B–₦4.8B	24 Small sample	▲ +13.0%
July 2026	₦3.6B	₦1.9B–₦4.9B	22 Small sample	▼ -27.2%
June 2026	₦4.9B	₦3B–₦6B	22 Small sample	▼ -0.8%
May 2026	₦5B	₦3.5B–₦6.1B	22 Small sample	Not available
October 2025	₦2.8B	₦2.3B–₦3.9B	26 Small sample	▲ +2.1%
September 2025	₦2.7B	₦1.7B–₦3.8B	35 Small sample	▲ +11.6%
August 2025	₦2.4B	₦1.6B–₦2.8B	32 Small sample	▲ +34.0%
July 2025	₦1.8B	₦1.6B–₦2.8B	30 Small sample	▼ -5.9%
June 2025	₦1.9B	₦1.6B–₦2.5B	21 Small sample	Not available
February 2025	₦2.4B	₦1.9B–₦3B	21 Small sample	Not available
September 2024	₦1.6B	₦1.5B–₦2.3B	20 Small sample	▲ +1.2%
August 2024	₦1.6B	₦1.5B–₦2.2B	23 Small sample	▼ -5.9%
July 2024	₦1.7B	₦1.2B–₦2.6B	24 Small sample	Not available
May 2024	₦1.4B	₦1.2B–₦3B	21 Small sample	0.0%
April 2024	₦1.4B	₦1.2B–₦1.6B	20 Small sample	Not available
December 2023	₦988M	₦720M–₦1.9B	20 Small sample	▲ +2.5%
November 2023	₦964M	₦843M–₦2B	22 Small sample	▲ +1.2%
October 2023	₦953M	₦859M–₦1.5B	21 Small sample	▲ +3.7%
September 2023	₦918M	₦823M–₦1.5B	26 Small sample	▲ +3.7%
August 2023	₦885M	₦798M–₦1.2B	21 Small sample	Not available
April 2023	₦813M	₦614M–₦1.6B	23 Small sample	▼ -15.7%
March 2023	₦964M	₦642M–₦1.2B	36 Small sample	▼ -11.5%

See 5-bedroom property listings for sale in Banana Island

Frequently asked

What is the typical 5-bedroom property price in Banana Island, Lagos?: The median asking price for 5-bedroom property listings in Banana Island, Lagos was ₦4.6B in October 2026, according to the Private Property House Price Index.
What is the typical range for 5-bedroom property prices in Banana Island, Lagos?: Half of the listings counted in October 2026 asked between ₦3.2B and ₦5.5B.
Are 5-bedroom property prices in Banana Island, Lagos going up?: Yes. The median was up 64.8% on a year earlier: ₦4.6B in October 2026 against ₦2.8B in October 2025.

Cite this figure. Private Property House Price Index, October 2026, Private Property Nigeria, https://privateproperty.ng/market-trends/sale/lagos/ikoyi/banana-island/5-bedroom
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