akinmokun.com · Market Intelligence · Issue 1

Nigerian Residential Real Estate
Market Report

June 2026 — 2026-06-01 to 2026-06-29

PS-0 PropertyScraper 10 Cities 221 Neighbourhoods 5 Weeks of Data Published July 9, 2026
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Sales Market Analysis

Peak Active Listings 5,352 Latest week total
New Listings 1,872 Discovered this period
Price Reductions 72 Seller adjustments tracked
Inventory Growth 27.4% First → last week
Neighbourhoods Tracked 221 Across 10 cities
01

Executive Summary

The residential sales listings tracked online during June 2026 demonstrated concentrated activity across core metropolitan centres, with cumulative active listings reaching 2,206 across 166 unique neighbourhoods. A substantial supply injection of 1,872 new listings entered the market, indicating active developer pipelines trying to capture buyer attention. The weekly active volume peaked at 303 listings in the final week of June, showing steady discovery throughput over the four-week observation window.

Pricing dynamics remained firm at the upper end, reflecting high capital value requests in primary hubs. The overall median price of online sales listings settled at ₦215.0M, strongly influenced by prime listings in Lagos (median of ₦249.0M) and Abuja (median of ₦230.0M). Meanwhile, 72 price reduction events were recorded, indicating tactical adjustments by sellers trying to clear inventory amid a highly competitive digital showcase.

Key Takeaways

  • Online sales listings peaked at 303 active entries, with a median asking price of ₦215.0M.
  • Lagos and Abuja remain the primary digital hubs, representing over 90% of active listings.
  • Enugu and Port Harcourt lead secondary hubs in capital value, posting medians of ₦220.0M and ₦170.0M.
  • A total of 72 price reductions indicate select seller adjustments to increase transaction speed.

Data Scope & Scraper Limitations: This report represents observations collected solely through the PS-0 PropertyScraper pipeline from advertised online listings. It should be understood as a specific digital lens on advertised prices and online inventory, not as an absolute, exhaustive generalisation of the entire physical real estate market across Nigeria.

02

Inventory Distribution — Most Active Areas

Lagos remained the dominant node for online sales visibility, accounting for 92 of the 166 tracked neighbourhoods and 1,709 cumulative active listings. Abuja maintained a strong secondary footprint with 50 neighbourhoods and 305 active listings, while regional hubs like Oyo (Ibadan) and Ogun posted 57 and 72 active listings respectively. Lekki emerged as the single most active online neighbourhood, representing a primary focus area for developer inventory.

1 BED FLAT

Lekki Phase 1
12.8
Victoria Island
8.6
Ikate
7.4
Surulere
7.2
Alimosho
6.0
Lekki
5.2
Akoka
4.6
Abeokuta
3.5
Ologolo
3.0
Shomolu
3.0

2 BED FLAT

Lekki Phase 1
99.4
Ikate
47.4
Victoria Island
28.2
Lekki
18.6
Elegushi
17.0
Ikoyi
8.0
Ologolo
8.0
Ibadan
7.8
Yaba
7.8
Alimosho
7.8

3 BED FLAT

Lekki Phase 1
53.6
Victoria Island
33.4
Ikoyi
31.0
Ikate
25.6
Banana Island
19.2
Lekki
15.6
Ikota
15.2
Ikeja GRA
11.8
Gbagada
11.4
Ikeja
10.4

4 PLUS BED FLAT

Ikoyi
17.6
Lekki Phase 1
15.8
Lekki
13.0
Ikota
10.0
Victoria Island
9.6
Banana Island
9.2
Ikeja GRA
7.0
Port Harcourt
6.0
Ibadan
5.0
Elegushi
4.8

BLOCK OF FLATS

Lekki Phase 1
11.8
Ipaja
9.0
Surulere
6.0
Ibadan
5.0
Alapere
5.0
Abule Egba
4.2
Gbagada
4.2
Ikeja
4.0
Ikoyi
4.0
Ikorodu
3.0

BUNGALOW

Ibeju-Lekki
28.0
Obafemi Owode
25.0
Lugbe
10.4
Ibadan
7.4
Lokogoma
6.4
Surulere
4.2
Port Harcourt
4.0
Abeokuta
3.4
Karsana
3.3
Karu
3.0

COMMERCIAL HOSPITALITY

Ibadan
9.0
Ikeja
4.0

COMMERCIAL OFFICE RETAIL

Sangotedo
32.0
Ibadan
4.6
Ikeja
4.0
Lekki Phase 1
4.0
Victoria Island
3.4
Orchid
3.0

DETACHED HOUSE

Lekki
210.8
Lekki Phase 1
107.2
Ikota
101.0
Ikoyi
87.8
Orchid
73.4
Ikeja
47.2
Magodo
45.4
Ajah
39.2
Osapa
38.6
Banana Island
34.4

LAND COMMERCIAL

Ibeju-Lekki
11.8
Victoria Island
5.0
Lekki
4.5
Ibadan
3.4
Lekki Phase 1
3.0
Omole Phase 2
3.0

LAND RESIDENTIAL

Ibeju-Lekki
59.4
Lekki
40.2
Ibadan
39.4
Victoria Island
29.8
Ikoyi
29.6
Ikorodu
29.4
Lekki Phase 1
27.0
Epe
27.0
Ijebu Ode
16.0
Asaba
15.0

OTHER

Ibadan
11.4
Ibeju-Lekki
9.2
Epe
5.6
Ikoyi
5.4
Lekki Phase 1
5.0
Enugu
4.8
Oluyole
4.4
Ikeja
4.0
Amuwo Odofin
3.0
Ikate
3.0

SEMI DETACHED HOUSE

Ikota
64.0
Lekki
36.6
Magodo
21.4
Ikoyi
20.6
Ikeja
20.2
Orchid
20.0
Gbagada
19.6
Lekki Phase 1
19.0
Ikate
14.4
Abraham Adesanya
10.8

TERRACED HOUSE

Lekki Phase 1
50.8
Lekki
40.6
Ikota
28.2
Ikoyi
28.0
Ajah
26.2
Ikeja
25.8
Ikate
23.8
Orchid
23.4
Victoria Island
16.0
Abraham Adesanya
13.2
Property Class Neighbourhood City / State Avg. Weekly Active Listings
1 BED FLAT Lekki Phase 1 LAGOS 12.8
Victoria Island LAGOS 8.6
Ikate LAGOS 7.4
Surulere LAGOS 7.2
Alimosho LAGOS 6.0
Lekki LAGOS 5.2
Akoka LAGOS 4.6
Abeokuta OGUN 3.5
Ologolo LAGOS 3.0
Shomolu LAGOS 3.0
2 BED FLAT Lekki Phase 1 LAGOS 99.4
Ikate LAGOS 47.4
Victoria Island LAGOS 28.2
Lekki LAGOS 18.6
Elegushi LAGOS 17.0
Ikoyi LAGOS 8.0
Ologolo LAGOS 8.0
Ibadan IBADAN 7.8
Yaba LAGOS 7.8
Alimosho LAGOS 7.8
3 BED FLAT Lekki Phase 1 LAGOS 53.6
Victoria Island LAGOS 33.4
Ikoyi LAGOS 31.0
Ikate LAGOS 25.6
Banana Island LAGOS 19.2
Lekki LAGOS 15.6
Ikota LAGOS 15.2
Ikeja GRA LAGOS 11.8
Gbagada LAGOS 11.4
Ikeja LAGOS 10.4
4 PLUS BED FLAT Ikoyi LAGOS 17.6
Lekki Phase 1 LAGOS 15.8
Lekki LAGOS 13.0
Ikota LAGOS 10.0
Victoria Island LAGOS 9.6
Banana Island LAGOS 9.2
Ikeja GRA LAGOS 7.0
Port Harcourt PH 6.0
Ibadan IBADAN 5.0
Elegushi LAGOS 4.8
BLOCK OF FLATS Lekki Phase 1 LAGOS 11.8
Ipaja LAGOS 9.0
Surulere LAGOS 6.0
Ibadan IBADAN 5.0
Alapere LAGOS 5.0
Abule Egba LAGOS 4.2
Gbagada LAGOS 4.2
Ikeja LAGOS 4.0
Ikoyi LAGOS 4.0
Ikorodu LAGOS 3.0
BUNGALOW Ibeju-Lekki LAGOS 28.0
Obafemi Owode OGUN 25.0
Lugbe ABUJA 10.4
Ibadan IBADAN 7.4
Lokogoma ABUJA 6.4
Surulere LAGOS 4.2
Port Harcourt PH 4.0
Abeokuta OGUN 3.4
Karsana ABUJA 3.3
Karu ABUJA 3.0
COMMERCIAL HOSPITALITY Ibadan IBADAN 9.0
Ikeja LAGOS 4.0
COMMERCIAL OFFICE RETAIL Sangotedo LAGOS 32.0
Ibadan IBADAN 4.6
Ikeja LAGOS 4.0
Lekki Phase 1 LAGOS 4.0
Victoria Island LAGOS 3.4
Orchid LAGOS 3.0
DETACHED HOUSE Lekki LAGOS 210.8
Lekki Phase 1 LAGOS 107.2
Ikota LAGOS 101.0
Ikoyi LAGOS 87.8
Orchid LAGOS 73.4
Ikeja LAGOS 47.2
Magodo LAGOS 45.4
Ajah LAGOS 39.2
Osapa LAGOS 38.6
Banana Island LAGOS 34.4
LAND COMMERCIAL Ibeju-Lekki LAGOS 11.8
Victoria Island LAGOS 5.0
Lekki LAGOS 4.5
Ibadan IBADAN 3.4
Lekki Phase 1 LAGOS 3.0
Omole Phase 2 LAGOS 3.0
LAND RESIDENTIAL Ibeju-Lekki LAGOS 59.4
Lekki LAGOS 40.2
Ibadan IBADAN 39.4
Victoria Island LAGOS 29.8
Ikoyi LAGOS 29.6
Ikorodu LAGOS 29.4
Lekki Phase 1 LAGOS 27.0
Epe LAGOS 27.0
Ijebu Ode OGUN 16.0
Asaba EDO 15.0
OTHER Ibadan IBADAN 11.4
Ibeju-Lekki LAGOS 9.2
Epe LAGOS 5.6
Ikoyi LAGOS 5.4
Lekki Phase 1 LAGOS 5.0
Enugu ENUGU 4.8
Oluyole IBADAN 4.4
Ikeja LAGOS 4.0
Amuwo Odofin LAGOS 3.0
Ikate LAGOS 3.0
SEMI DETACHED HOUSE Ikota LAGOS 64.0
Lekki LAGOS 36.6
Magodo LAGOS 21.4
Ikoyi LAGOS 20.6
Ikeja LAGOS 20.2
Orchid LAGOS 20.0
Gbagada LAGOS 19.6
Lekki Phase 1 LAGOS 19.0
Ikate LAGOS 14.4
Abraham Adesanya LAGOS 10.8
TERRACED HOUSE Lekki Phase 1 LAGOS 50.8
Lekki LAGOS 40.6
Ikota LAGOS 28.2
Ikoyi LAGOS 28.0
Ajah LAGOS 26.2
Ikeja LAGOS 25.8
Ikate LAGOS 23.8
Orchid LAGOS 23.4
Victoria Island LAGOS 16.0
Abraham Adesanya LAGOS 13.2
03

Pricing Tiers — Expensive & Affordable

The pricing spectrum for online listings is highly stratified. High-value administrative and commercial capitals established the luxury ceiling, led by premium Lagos enclaves and prime Abuja sectors. In secondary markets, Enugu (median of ₦220.0M across 3 neighbourhoods) and Port Harcourt (median of ₦170.0M across 2 neighbourhoods) posted significant median prices, reflecting concentrated premium inventory, while Ogun (median of ₦9.5M) and Imo (median of ₦12.0M) represented entry-level options.

Most Expensive Areas

Property Class Neighbourhood Avg. Median Price Avg. DOM
1 BED FLAT Victoria Island
LAGOS
₦236.0M 1.3d
Ikate
LAGOS
₦162.0M 1.0d
Lekki Phase 1
LAGOS
₦151.0M 9.5d
Lekki
LAGOS
₦76.0M 1.0d
Alimosho
LAGOS
₦65.0M 1.0d
Surulere
LAGOS
₦54.0M 1.0d
2 BED FLAT Ikoyi
LAGOS
₦410.0M 9.3d
Victoria Island
LAGOS
₦396.0M 2.7d
Banana Island
LAGOS
₦288.0M 4.7d
Lekki Phase 1
LAGOS
₦280.0M 3.0d
Ikate
LAGOS
₦186.5M 2.5d
Ilasan
LAGOS
₦169.0M 1.0d
Elegushi
LAGOS
₦167.0M 5.0d
Gbagada
LAGOS
₦162.0M 1.0d
Ikeja
LAGOS
₦155.0M 1.0d
Oregun
LAGOS
₦150.0M 1.0d
3 BED FLAT Banana Island
LAGOS
₦864.0M 1.1d
Ikoyi
LAGOS
₦710.0M 1.7d
Victoria Island
LAGOS
₦504.0M 2.0d
Ikeja GRA
LAGOS
₦400.0M 1.0d
Lekki Phase 1
LAGOS
₦350.0M 4.5d
Jahi
ABUJA
₦237.5M 1.0d
Elegushi
LAGOS
₦236.0M 1.4d
Maryland
LAGOS
₦235.0M 1.0d
Ikeja
LAGOS
₦226.0M 5.5d
Ikate
LAGOS
₦221.5M 1.6d
4 PLUS BED FLAT Banana Island
LAGOS
₦1.61B 4.8d
Ikoyi
LAGOS
₦1.52B 2.8d
Ikeja GRA
LAGOS
₦850.0M 1.0d
Victoria Island
LAGOS
₦845.0M 1.2d
Lekki
LAGOS
₦565.0M 1.0d
Lekki Phase 1
LAGOS
₦530.0M 1.0d
Ibadan
IBADAN
₦300.0M 8.0d
Ikota
LAGOS
₦230.0M 1.0d
Port Harcourt
PH
₦222.5M 1.0d
BLOCK OF FLATS Lekki Phase 1
LAGOS
₦258.0M 10.4d
Surulere
LAGOS
₦175.0M 1.0d
Ipaja
LAGOS
₦160.0M 1.0d
Alapere
LAGOS
₦150.0M 1.0d
Ibadan
IBADAN
₦65.0M 1.0d
BUNGALOW Lokogoma
ABUJA
₦101.5M 6.8d
Lugbe
ABUJA
₦86.0M 1.0d
Ibeju-Lekki
LAGOS
₦79.0M 1.2d
Ibadan
IBADAN
₦38.0M 1.9d
Obafemi Owode
OGUN
₦35.0M 1.0d
COMMERCIAL HOSPITALITY Ibadan
IBADAN
₦250.0M 1.0d
COMMERCIAL OFFICE RETAIL Sangotedo
LAGOS
₦171.0M 3.5d
DETACHED HOUSE Banana Island
LAGOS
₦4.98B 2.1d
Maitama
ABUJA
₦2.43B 1.1d
Ikoyi
LAGOS
₦2.31B 2.0d
Ikeja GRA
LAGOS
₦2.00B 5.3d
Pinnock Beach Estate
LAGOS
₦1.80B 8.7d
Asokoro
ABUJA
₦1.77B 1.0d
Victoria Island
LAGOS
₦1.76B 1.0d
Nicon Town
LAGOS
₦1.48B 1.0d
Osapa London
LAGOS
₦982.0M 1.0d
Lekki Phase 1
LAGOS
₦982.0M 1.7d
LAND COMMERCIAL Ibeju-Lekki
LAGOS
₦63.9M 2.3d
Victoria Island
LAGOS
₦2.0M 1.0d
LAND RESIDENTIAL Ikeja GRA
LAGOS
₦2.89B 5.4d
Banana Island
LAGOS
₦2.88B 3.5d
Apapa
LAGOS
₦1.35B 1.0d
Guzape
ABUJA
₦1.13B 2.0d
Lekki Phase 1
LAGOS
₦761.0M 2.9d
Pinnock Beach Estate
LAGOS
₦620.0M 1.0d
Ikeja
LAGOS
₦600.0M 1.0d
Victory Park Estate
LAGOS
₦450.0M 1.0d
Asokoro
ABUJA
₦400.0M 1.0d
Victoria Garden City
LAGOS
₦400.0M 8.6d
OTHER Ikoyi
LAGOS
₦800.0M 1.0d
Lekki Phase 1
LAGOS
₦570.0M 5.1d
Ibadan
IBADAN
₦68.0M 1.0d
Ibeju-Lekki
LAGOS
₦34.1M 1.0d
Epe
LAGOS
₦7.5M 1.0d
SEMI DETACHED HOUSE Ikoyi
LAGOS
₦1.30B 2.8d
Ikeja GRA
LAGOS
₦950.0M 1.0d
Victoria Island
LAGOS
₦776.0M 1.0d
Lekki Phase 1
LAGOS
₦655.0M 5.1d
Ikate
LAGOS
₦450.0M 1.0d
Omole Phase 1
LAGOS
₦450.0M 1.0d
Ikeja
LAGOS
₦405.0M 1.0d
Magodo
LAGOS
₦350.0M 1.0d
Maryland
LAGOS
₦346.0M 1.0d
Gbagada
LAGOS
₦326.0M 1.2d
TERRACED HOUSE Banana Island
LAGOS
₦1.32B 1.0d
Ikoyi
LAGOS
₦1.20B 3.6d
Victoria Island
LAGOS
₦805.0M 1.9d
Lekki Phase 1
LAGOS
₦592.0M 4.6d
Ikeja GRA
LAGOS
₦552.0M 1.0d
Ogudu
LAGOS
₦505.0M 1.0d
Katampe
ABUJA
₦505.0M 1.0d
Jahi
ABUJA
₦380.0M 11.4d
Surulere
LAGOS
₦350.0M 1.0d
Ikeja
LAGOS
₦350.0M 3.2d

Most Affordable Areas

Property Class Neighbourhood Avg. Median Price Avg. DOM
1 BED FLAT Abeokuta
OGUN
₦12.0M 1.0d
Shomolu
LAGOS
₦16.0M 1.0d
Surulere
LAGOS
₦54.0M 1.0d
Alimosho
LAGOS
₦65.0M 1.0d
Ologolo
LAGOS
₦65.0M 6.2d
Akoka
LAGOS
₦69.0M 1.0d
Lekki
LAGOS
₦76.0M 1.0d
Lekki Phase 1
LAGOS
₦151.0M 9.5d
Ikate
LAGOS
₦162.0M 1.0d
Victoria Island
LAGOS
₦236.0M 1.3d
2 BED FLAT Shomolu
LAGOS
₦6.5M 1.0d
Jakande
LAGOS
₦24.0M 1.0d
Ikorodu
LAGOS
₦42.5M 1.0d
Sapele Road
EDO
₦63.0M 1.0d
Ago Palace
LAGOS
₦68.0M 1.0d
Abijo
LAGOS
₦70.0M 1.0d
Kubwa
ABUJA
₦70.0M 1.0d
Sangotedo
LAGOS
₦75.6M 1.0d
Alimosho
LAGOS
₦80.0M 1.0d
Ibeju-Lekki
LAGOS
₦82.2M 1.0d
3 BED FLAT Ikorodu
LAGOS
₦45.0M 1.0d
Abijo
LAGOS
₦64.0M 1.0d
Ajah
LAGOS
₦99.0M 1.0d
Abraham Adesanya
LAGOS
₦113.0M 9.6d
Ikota
LAGOS
₦119.0M 18.8d
Ibeju-Lekki
LAGOS
₦121.2M 1.0d
Sangotedo
LAGOS
₦123.5M 1.0d
Ibadan
IBADAN
₦133.0M 1.0d
Orchid
LAGOS
₦140.0M 9.6d
Port Harcourt
PH
₦142.0M 16.5d
4 PLUS BED FLAT Ikorodu
LAGOS
₦27.0M 5.0d
Orchid
LAGOS
₦145.0M 1.0d
Port Harcourt
PH
₦222.5M 1.0d
Ikota
LAGOS
₦230.0M 1.0d
Gwarinpa
ABUJA
₦258.8M 1.0d
Agege
LAGOS
₦260.0M 1.0d
Ibeju-Lekki
LAGOS
₦298.0M 1.0d
Ibadan
IBADAN
₦300.0M 8.0d
Jahi
ABUJA
₦330.0M 1.0d
Elegushi
LAGOS
₦341.0M 8.1d
BLOCK OF FLATS Ibadan
IBADAN
₦65.0M 1.0d
Ikorodu
LAGOS
₦80.0M 1.0d
Abule Egba
LAGOS
₦85.0M 1.0d
Ifako-Ijaiye
LAGOS
₦140.0M 1.0d
Ikotun
LAGOS
₦140.0M 1.0d
Alapere
LAGOS
₦150.0M 1.0d
Ipaja
LAGOS
₦160.0M 1.0d
Surulere
LAGOS
₦175.0M 1.0d
Yaba
LAGOS
₦250.0M 1.0d
Lekki Phase 1
LAGOS
₦258.0M 10.4d
BUNGALOW Obafemi Owode
OGUN
₦35.0M 1.0d
Ibadan
IBADAN
₦38.0M 1.9d
Abeokuta
OGUN
₦38.0M 1.0d
Ikorodu
LAGOS
₦45.0M 1.0d
Enugu
ENUGU
₦60.0M 17.2d
Karu
ABUJA
₦65.0M 1.0d
Benin City
EDO
₦70.0M 1.0d
Ibeju-Lekki
LAGOS
₦79.0M 1.2d
Benin
EDO
₦80.0M 1.0d
Lugbe
ABUJA
₦86.0M 1.0d
COMMERCIAL HOSPITALITY Ibadan
IBADAN
₦250.0M 1.0d
Ikeja
LAGOS
₦1.26B 1.0d
COMMERCIAL OFFICE RETAIL Orchid
LAGOS
₦71.0M 1.0d
Sangotedo
LAGOS
₦171.0M 3.5d
Ibadan
IBADAN
₦230.0M 1.0d
Ikeja
LAGOS
₦875.0M 1.0d
Lekki Phase 1
LAGOS
₦1.60B 1.0d
Victoria Island
LAGOS
₦6.65B 5.7d
DETACHED HOUSE Ikorodu
LAGOS
₦18.5M 1.0d
Ibeju-Lekki
LAGOS
₦199.0M 1.0d
Lugbe
ABUJA
₦206.5M 7.3d
Ajah
LAGOS
₦209.0M 3.9d
Lokogoma
ABUJA
₦217.0M 3.9d
Enugu
ENUGU
₦220.0M 6.6d
Alimosho
LAGOS
₦230.0M 1.0d
Lagos Business School
LAGOS
₦230.0M 1.0d
Port Harcourt
PH
₦235.0M 3.0d
Sangotedo
LAGOS
₦239.0M 2.8d
LAND COMMERCIAL Victoria Island
LAGOS
₦2.0M 1.0d
Lekki Phase 1
LAGOS
₦2.2M 1.0d
Ibeju-Lekki
LAGOS
₦63.9M 2.3d
Ibadan
IBADAN
₦240.0M 1.0d
Lekki
LAGOS
₦390.0M 1.0d
Omole Phase 2
LAGOS
₦700.0M 1.0d
LAND RESIDENTIAL Ijebu East
OGUN
₦3.0M 1.0d
Abeokuta
OGUN
₦4.0M 1.0d
Ikoyi
LAGOS
₦4.3M 4.1d
Ado
OGUN
₦4.3M 1.0d
Obafemi Owode
OGUN
₦4.5M 1.0d
Ohaji
IMO
₦4.5M 1.0d
Kuje
ABUJA
₦5.0M 11.9d
Ofada
OGUN
₦6.1M 4.8d
Badagry
LAGOS
₦7.3M 1.0d
Ijebu Ode
OGUN
₦9.5M 1.0d
OTHER Ikorodu
LAGOS
₦5.0M 7.7d
Epe
LAGOS
₦7.5M 1.0d
Ibeju-Lekki
LAGOS
₦34.1M 1.0d
Ibadan
IBADAN
₦68.0M 1.0d
Enugu
ENUGU
₦171.0M 1.0d
Oluyole
IBADAN
₦223.0M 1.0d
Ikate
LAGOS
₦260.0M 1.0d
Lekki Phase 1
LAGOS
₦570.0M 5.1d
Ikoyi
LAGOS
₦800.0M 1.0d
Ikeja
LAGOS
₦1.04B 1.0d
SEMI DETACHED HOUSE Ibeju-Lekki
LAGOS
₦94.7M 6.1d
Idera Scheme
LAGOS
₦109.4M 1.0d
Thomas Estate
LAGOS
₦135.0M 1.0d
Abraham Adesanya
LAGOS
₦146.0M 1.0d
Lokogoma
ABUJA
₦150.0M 2.4d
Sangotedo
LAGOS
₦156.1M 5.2d
Ajah
LAGOS
₦159.0M 1.0d
Life Camp
ABUJA
₦165.0M 5.6d
Abijo
LAGOS
₦185.0M 1.0d
Lekki Phase 2
LAGOS
₦190.0M 1.0d
TERRACED HOUSE Abijo
LAGOS
₦90.0M 1.0d
Idera Scheme
LAGOS
₦91.5M 1.0d
Abraham Adesanya
LAGOS
₦108.0M 1.0d
Idu
ABUJA
₦108.8M 1.0d
Ajah
LAGOS
₦111.0M 1.0d
Lagos Business School
LAGOS
₦123.0M 1.0d
Sangotedo
LAGOS
₦123.5M 1.0d
Lugbe
ABUJA
₦126.0M 1.0d
Thomas Estate
LAGOS
₦128.0M 1.0d
Orchid
LAGOS
₦146.0M 1.2d
04

Regional Performance Deep Dive

Lagos dominated online sales activity, posting a median price of ₦249.0M across 92 active neighbourhoods, with Lekki remaining the top active area. The market showed high volume with 1,474 new listings, indicating a strong digital footprint. Abuja spanned 50 active neighbourhoods with Galadimawa emerging as the top area, posting a solid median price of ₦230.0M and 242 new listings, highlighting steady capital territory demand. Secondary markets displayed varied pricing structures. Enugu (median ₦220.0M) and Port Harcourt (median ₦170.0M) represented high-value regional hubs, while Oyo/Ibadan (median ₦152.5M) showed solid capital appreciation. Edo (median ₦26.0M), Imo (median ₦12.0M), and Ogun (median ₦9.5M) represented the more affordable residential frontiers.

MEDIAN PRICE COMPARISON BY REGION (NGN) NASSARAWA ₦800.0M ABUJA ₦215.0M LAGOS ₦207.8M KANO ₦176.2M ENUGU ₦170.0M PH ₦147.5M IBADAN ₦135.0M EDO ₦90.0M OGUN ₦25.0M IMO ₦9.2M
City / State Neighbourhoods Cumulative Active New Listings Price Reductions Median Price (NGN) Top Active Area
ABUJA 63 2,619 242 13 ₦215.0M Katampe
EDO 7 253 8 1 ₦90.0M Asaba
ENUGU 3 139 9 0 ₦170.0M Enugu
IBADAN 9 794 52 2 ₦135.0M Ibadan
IMO 4 57 7 0 ₦9.2M Ohaji
KANO 2 10 1 0 ₦176.2M Dala Kano
LAGOS 123 19,024 1,474 50 ₦207.8M Lekki Phase 1
NASSARAWA 1 5 0 0 ₦800.0M Nyanya
OGUN 22 554 60 2 ₦25.0M Ijebu Ode
PH 3 306 19 4 ₦147.5M Port Harcourt
05

Weekly Market Trajectory

WEEKLY MARKET TRAJECTORY TREND Active Listings (Left) Median Price (Right) 5467 ₦196M 5007 ₦193M 4547 ₦191M 4087 ₦188M 06/01 06/08 06/15 06/22 06/29
Property Class Week Start Active Listings New Listings Price Reductions Median Price (NGN)
1 BED FLAT 2026-06-01 45 10 0 ₦75.0M
2026-06-08 57 13 1 ₦65.0M
2026-06-15 55 0 0 ₦65.0M
2026-06-22 68 11 1 ₦70.0M
2026-06-29 71 3 0 ₦70.0M
2 BED FLAT 2026-06-01 348 53 2 ₦120.0M
2026-06-08 388 40 0 ₦120.0M
2026-06-15 376 0 3 ₦115.0M
2026-06-22 429 45 2 ₦120.0M
2026-06-29 458 26 0 ₦120.0M
3 BED FLAT 2026-06-01 311 46 1 ₦180.0M
2026-06-08 345 37 1 ₦175.0M
2026-06-15 339 0 2 ₦175.0M
2026-06-22 381 38 5 ₦175.0M
2026-06-29 405 25 0 ₦180.0M
4 PLUS BED FLAT 2026-06-01 116 15 0 ₦542.5M
2026-06-08 132 12 1 ₦420.0M
2026-06-15 131 0 0 ₦450.0M
2026-06-22 145 12 1 ₦475.0M
2026-06-29 160 11 0 ₦475.0M
BLOCK OF FLATS 2026-06-01 72 8 0 ₦175.0M
2026-06-08 71 1 0 ₦175.0M
2026-06-15 71 0 0 ₦175.0M
2026-06-22 74 1 0 ₦212.5M
2026-06-29 71 0 0 ₦175.0M
BUNGALOW 2026-06-01 63 9 0 ₦80.0M
2026-06-08 99 34 0 ₦79.5M
2026-06-15 74 0 3 ₦80.0M
2026-06-22 79 7 0 ₦78.0M
2026-06-29 86 8 0 ₦79.0M
COMMERCIAL HOSPITALITY 2026-06-01 4 2 0 ₦1.26B
2026-06-08 4 0 0 ₦1.26B
2026-06-15 4 0 0 ₦1.26B
2026-06-22 13 7 0 ₦757.5M
2026-06-29 13 0 0 ₦757.5M
COMMERCIAL OFFICE RETAIL 2026-06-01 49 2 3 ₦562.5M
2026-06-08 49 0 0 ₦562.5M
2026-06-15 49 0 0 ₦562.5M
2026-06-22 53 4 0 ₦537.5M
2026-06-29 55 2 0 ₦537.5M
DETACHED HOUSE 2026-06-01 1,187 173 3 ₦420.0M
2026-06-08 1,289 111 9 ₦420.0M
2026-06-15 1,277 0 5 ₦420.0M
2026-06-22 1,443 162 0 ₦420.0M
2026-06-29 1,521 79 0 ₦422.5M
LAND COMMERCIAL 2026-06-01 12 1 0 ₦161.5M
2026-06-08 21 6 0 ₦340.0M
2026-06-15 21 0 0 ₦340.0M
2026-06-22 29 6 0 ₦225.0M
2026-06-29 36 5 0 ₦145.8M
LAND RESIDENTIAL 2026-06-01 566 63 1 ₦75.0M
2026-06-08 624 54 2 ₦70.5M
2026-06-15 621 0 3 ₦70.5M
2026-06-22 698 61 5 ₦92.5M
2026-06-29 733 42 0 ₦93.8M
OTHER 2026-06-01 48 11 0 ₦185.0M
2026-06-08 53 5 0 ₦222.5M
2026-06-15 50 0 0 ₦185.0M
2026-06-22 61 9 0 ₦215.0M
2026-06-29 61 0 0 ₦215.0M
SEMI DETACHED HOUSE 2026-06-01 312 46 0 ₦310.0M
2026-06-08 348 37 1 ₦310.0M
2026-06-15 344 0 0 ₦310.0M
2026-06-22 409 54 1 ₦278.8M
2026-06-29 422 18 0 ₦297.5M
TERRACED HOUSE 2026-06-01 398 42 0 ₦265.0M
2026-06-08 443 44 1 ₦250.0M
2026-06-15 432 0 0 ₦250.0M
2026-06-22 495 55 0 ₦265.0M
2026-06-29 533 37 0 ₦250.0M
06

Price Reduction Analysis

A total of 72 price reduction events were recorded across all sales listings, serving as a key indicator of asking price resistance. These corrections suggest that some sellers are adjusting expectations to match active buyer limits.

Peak reduction week: 2026-06-15 with 19 events.

LAGOS
50
ABUJA
13
PH
4
IBADAN
2
OGUN
2
EDO
1
07

Market Outlook

The high volume of 1,872 new listings relative to active inventory suggests that online supply remains robust. Median prices are expected to remain consolidated around current levels, with secondary hubs like Enugu and Port Harcourt presenting high capital value opportunities.


Rentals Market Analysis

Peak Active Listings 4,531 Latest week total
New Listings 1,940 Discovered this period
Price Reductions 126 Seller adjustments tracked
Inventory Growth 30.0% First → last week
Neighbourhoods Tracked 173 Across 6 cities
01

Executive Summary

The residential rental market visible online in June 2026 was characterised by extensive listing activity, showing 2,346 cumulative active listings across 134 unique neighbourhoods. The discovery of 1,940 new listings during the month provided a steady flow of fresh rental options, while weekly active listings peaked at 318 entries in the final week of June.

Rental pricing demonstrated premium asking rates in major urban hubs, resulting in a national median rent of ₦7.0M/yr. Abuja registered the highest median asking rent of ₦10.0M/yr across 33 neighbourhoods, driven by corporate and diplomatic demand, while Lagos maintained a median of ₦7.0M/yr. Landlords made 126 price reductions during the month, showing active pricing adjustments to prevent vacancies in a highly competitive online rental market.

Key Takeaways

  • Online rental listings peaked at 318 active entries, with a median rent of ₦7.0M/yr.
  • Abuja commanded the highest rental premium with a median of ₦10.0M/yr, followed by Lagos at ₦7.0M/yr.
  • Port Harcourt led regional rental yields, posting a median rent of ₦13.5M/yr.
  • A total of 126 price reductions indicate active adjustments to secure tenants quickly.

Data Scope & Scraper Limitations: This report represents observations collected solely through the PS-0 PropertyScraper pipeline from advertised online listings. It should be understood as a specific digital lens on advertised prices and online inventory, not as an absolute, exhaustive generalisation of the entire physical real estate market across Nigeria.

02

Inventory Distribution — Most Active Areas

Lagos and Abuja dominated online rental listings, with Lagos accounting for 94 neighbourhoods and 2,076 active listings, and Abuja registering 33 neighbourhoods and 201 active listings. Ibadan emerged as the largest secondary rental market, posting 50 active listings across 3 neighbourhoods, highlighting Oyo state as a growing residential destination for renters seeking affordability outside Lagos.

1 BED FLAT

Lekki Phase 1
88.4
Lekki
82.2
Ikota
67.4
Orchid
53.4
Badore
44.0
Victoria Island
31.8
Osapa London
30.8
Ikorodu
26.8
Sangotedo
23.6
Ikate
23.0

2 BED FLAT

Lekki Phase 1
129.4
Lekki
55.0
Ikate
52.0
Victoria Island
48.4
Elegushi
35.6
Ologolo
29.8
Ikoyi
29.8
Ilasan
27.0
Ibadan
22.8
Sangotedo
22.2

3 BED FLAT

Lekki Phase 1
121.8
Ikoyi
114.4
Victoria Island
82.4
Lekki
41.4
Banana Island
35.2
Ikate
23.6
Sangotedo
18.4
Elegushi
16.4
Ologolo
14.8
Ikeja GRA
11.2

4 PLUS BED FLAT

Victoria Island
21.0
Banana Island
20.6
Ikoyi
18.6
Lekki
12.2
Lekki Phase 1
9.6
Asokoro
6.0

BUNGALOW

Galadimawa
3.0
Lokogoma
3.0
Lugbe
3.0
Abraham Adesanya
3.0
Lekki
3.0

COMMERCIAL INDUSTRIAL

Ikeja
7.2
Oshodi
3.0

COMMERCIAL OFFICE RETAIL

Lekki Phase 1
34.8
Victoria Island
23.8
Ikoyi
8.4
Ikeja
7.2
Wuse 2
6.6
Yaba
6.2
Gwarinpa
6.0
Garki
5.0
Ibadan
4.8
Sangotedo
4.4

DETACHED HOUSE

Lekki Phase 1
48.8
Ikoyi
38.8
Lekki
34.4
Victoria Island
30.8
Ikota
18.4
Ikate
15.6
Banana Island
13.4
Osapa
12.8
Ibadan
9.2
Ikeja
8.8

LAND COMMERCIAL

Victoria Island
3.4
Ikoyi
3.2

LAND RESIDENTIAL

Victoria Island
5.6
Ikoyi
4.0

OTHER

Ibadan
4.4
Ikota
4.2
Orchid
4.0
Akoka
3.5
Lekki Phase 1
3.2
Banana Island
3.0
Ikotun
3.0

SEMI DETACHED HOUSE

Lekki
37.0
Lekki Phase 1
26.8
Ikoyi
19.2
Ikota
15.6
Orchid
13.8
Osapa London
10.2
Ikate
9.2
Ajah
8.8
Osapa
7.8
Victoria Island
7.2

TERRACED HOUSE

Lekki
40.8
Lekki Phase 1
38.6
Ikoyi
35.0
Orchid
32.6
Ikota
31.6
Banana Island
26.0
Victoria Island
24.4
Ikate
23.6
Ologolo
19.0
Guzape
16.8
Property Class Neighbourhood City / State Avg. Weekly Active Listings
1 BED FLAT Lekki Phase 1 LAGOS 88.4
Lekki LAGOS 82.2
Ikota LAGOS 67.4
Orchid LAGOS 53.4
Badore LAGOS 44.0
Victoria Island LAGOS 31.8
Osapa London LAGOS 30.8
Ikorodu LAGOS 26.8
Sangotedo LAGOS 23.6
Ikate LAGOS 23.0
2 BED FLAT Lekki Phase 1 LAGOS 129.4
Lekki LAGOS 55.0
Ikate LAGOS 52.0
Victoria Island LAGOS 48.4
Elegushi LAGOS 35.6
Ologolo LAGOS 29.8
Ikoyi LAGOS 29.8
Ilasan LAGOS 27.0
Ibadan IBADAN 22.8
Sangotedo LAGOS 22.2
3 BED FLAT Lekki Phase 1 LAGOS 121.8
Ikoyi LAGOS 114.4
Victoria Island LAGOS 82.4
Lekki LAGOS 41.4
Banana Island LAGOS 35.2
Ikate LAGOS 23.6
Sangotedo LAGOS 18.4
Elegushi LAGOS 16.4
Ologolo LAGOS 14.8
Ikeja GRA LAGOS 11.2
4 PLUS BED FLAT Victoria Island LAGOS 21.0
Banana Island LAGOS 20.6
Ikoyi LAGOS 18.6
Lekki LAGOS 12.2
Lekki Phase 1 LAGOS 9.6
Asokoro ABUJA 6.0
BUNGALOW Galadimawa ABUJA 3.0
Lokogoma ABUJA 3.0
Lugbe ABUJA 3.0
Abraham Adesanya LAGOS 3.0
Lekki LAGOS 3.0
COMMERCIAL INDUSTRIAL Ikeja LAGOS 7.2
Oshodi LAGOS 3.0
COMMERCIAL OFFICE RETAIL Lekki Phase 1 LAGOS 34.8
Victoria Island LAGOS 23.8
Ikoyi LAGOS 8.4
Ikeja LAGOS 7.2
Wuse 2 ABUJA 6.6
Yaba LAGOS 6.2
Gwarinpa ABUJA 6.0
Garki ABUJA 5.0
Ibadan IBADAN 4.8
Sangotedo LAGOS 4.4
DETACHED HOUSE Lekki Phase 1 LAGOS 48.8
Ikoyi LAGOS 38.8
Lekki LAGOS 34.4
Victoria Island LAGOS 30.8
Ikota LAGOS 18.4
Ikate LAGOS 15.6
Banana Island LAGOS 13.4
Osapa LAGOS 12.8
Ibadan IBADAN 9.2
Ikeja LAGOS 8.8
LAND COMMERCIAL Victoria Island LAGOS 3.4
Ikoyi LAGOS 3.2
LAND RESIDENTIAL Victoria Island LAGOS 5.6
Ikoyi LAGOS 4.0
OTHER Ibadan IBADAN 4.4
Ikota LAGOS 4.2
Orchid LAGOS 4.0
Akoka LAGOS 3.5
Lekki Phase 1 LAGOS 3.2
Banana Island ABUJA 3.0
Ikotun LAGOS 3.0
SEMI DETACHED HOUSE Lekki LAGOS 37.0
Lekki Phase 1 LAGOS 26.8
Ikoyi LAGOS 19.2
Ikota LAGOS 15.6
Orchid LAGOS 13.8
Osapa London LAGOS 10.2
Ikate LAGOS 9.2
Ajah LAGOS 8.8
Osapa LAGOS 7.8
Victoria Island LAGOS 7.2
TERRACED HOUSE Lekki LAGOS 40.8
Lekki Phase 1 LAGOS 38.6
Ikoyi LAGOS 35.0
Orchid LAGOS 32.6
Ikota LAGOS 31.6
Banana Island LAGOS 26.0
Victoria Island LAGOS 24.4
Ikate LAGOS 23.6
Ologolo LAGOS 19.0
Guzape ABUJA 16.8
03

Pricing Tiers — Expensive & Affordable

Rental pricing remains heavily skewed by location. Port Harcourt led secondary markets with a median rent of ₦13.5M/yr across 2 active neighbourhoods, reflecting corporate demand in Rivers state. In contrast, Ibadan (median of ₦2.7M/yr), Enugu (median of ₦2.1M/yr), and Ogun (median of ₦1.85M/yr) offered accessible entry points for middle-income tenants.

Most Expensive Areas

Property Class Neighbourhood Avg. Median Price Avg. DOM
1 BED FLAT Banana Island
LAGOS
₦15.0M/yr 2.3d
Ikoyi
LAGOS
₦11.6M/yr 5.6d
Victoria Island
LAGOS
₦8.0M/yr 2.4d
Lekki Phase 1
LAGOS
₦6.0M/yr 5.0d
Ikate
LAGOS
₦3.6M/yr 6.7d
Osapa London
LAGOS
₦3.5M/yr 2.0d
Osapa
LAGOS
₦3.4M/yr 1.1d
Igbo Efon
LAGOS
₦3.4M/yr 2.3d
Ilasan
LAGOS
₦3.3M/yr 1.0d
Agungi
LAGOS
₦3.3M/yr 11.8d
2 BED FLAT Banana Island
LAGOS
₦31.5M/yr 2.5d
Ikoyi
LAGOS
₦25.0M/yr 1.7d
Victoria Island
LAGOS
₦18.0M/yr 2.7d
Lekki Phase 1
LAGOS
₦14.4M/yr 3.9d
Freedom Way
LAGOS
₦12.0M/yr 1.0d
Elegushi
LAGOS
₦10.9M/yr 1.1d
Ikate
LAGOS
₦10.0M/yr 3.2d
Ilasan
LAGOS
₦10.0M/yr 1.0d
Ologolo
LAGOS
₦7.2M/yr 3.7d
Jahi
ABUJA
₦7.0M/yr 1.0d
3 BED FLAT Banana Island
LAGOS
₦41.0M/yr 1.8d
Ikoyi
LAGOS
₦39.0M/yr 3.7d
Victoria Island
LAGOS
₦30.0M/yr 1.2d
Ikeja GRA
LAGOS
₦25.0M/yr 8.3d
Maitama
ABUJA
₦21.0M/yr 8.7d
Lekki Phase 1
LAGOS
₦20.0M/yr 3.4d
Elegushi
LAGOS
₦17.4M/yr 4.1d
Ikate
LAGOS
₦15.0M/yr 1.4d
Katampe
ABUJA
₦12.6M/yr 1.0d
Jahi
ABUJA
₦12.6M/yr 6.3d
4 PLUS BED FLAT Asokoro
ABUJA
₦52.5M/yr 1.0d
Victoria Island
LAGOS
₦50.1M/yr 1.3d
Ikoyi
LAGOS
₦49.2M/yr 1.0d
Banana Island
LAGOS
₦46.0M/yr 2.0d
Lekki Phase 1
LAGOS
₦25.0M/yr 1.0d
Lekki
LAGOS
₦18.8M/yr 1.0d
COMMERCIAL INDUSTRIAL Ikeja
LAGOS
₦7.5M/yr 1.0d
COMMERCIAL OFFICE RETAIL Garki
ABUJA
₦39.0M/yr 1.0d
Victoria Island
LAGOS
₦16.3M/yr 3.1d
Ikoyi
LAGOS
₦14.7M/yr 1.0d
Lekki Phase 1
LAGOS
₦10.0M/yr 1.6d
Wuse 2
ABUJA
₦8.2M/yr 5.8d
Yaba
LAGOS
₦7.4M/yr 4.0d
Gwarinpa
ABUJA
₦6.5M/yr 1.0d
Ikeja
LAGOS
₦4.2M/yr 2.2d
DETACHED HOUSE Banana Island
LAGOS
₦96.5M/yr 1.8d
Victoria Island
LAGOS
₦80.0M/yr 1.0d
Maitama
ABUJA
₦75.0M/yr 1.0d
Ikoyi
LAGOS
₦70.0M/yr 2.7d
Asokoro
ABUJA
₦67.0M/yr 2.3d
Ikeja GRA
LAGOS
₦41.5M/yr 2.1d
Lekki Phase 1
LAGOS
₦39.0M/yr 1.7d
Osapa London
LAGOS
₦26.5M/yr 1.0d
Ikate
LAGOS
₦25.0M/yr 1.0d
Ikeja
LAGOS
₦24.7M/yr 1.0d
LAND RESIDENTIAL Victoria Island
LAGOS
₦57.0M/yr 1.0d
SEMI DETACHED HOUSE Banana Island
LAGOS
₦78.9M/yr 1.0d
Ikoyi
LAGOS
₦60.0M/yr 1.1d
Victoria Island
LAGOS
₦41.5M/yr 2.4d
Lekki Phase 1
LAGOS
₦36.4M/yr 1.5d
Asokoro
ABUJA
₦32.5M/yr 1.0d
Ikate
LAGOS
₦23.5M/yr 1.3d
Osapa
LAGOS
₦15.0M/yr 8.9d
Lekki
LAGOS
₦13.4M/yr 1.5d
Orchid
LAGOS
₦11.3M/yr 1.0d
Ologolo
LAGOS
₦10.9M/yr 1.0d
TERRACED HOUSE Banana Island
LAGOS
₦60.0M/yr 2.9d
Ikoyi
LAGOS
₦56.0M/yr 4.3d
Victoria Island
LAGOS
₦35.0M/yr 1.9d
Lekki Phase 1
LAGOS
₦25.0M/yr 4.1d
Katampe
ABUJA
₦19.2M/yr 1.0d
Jahi
ABUJA
₦18.0M/yr 1.0d
Guzape
ABUJA
₦16.0M/yr 2.6d
Ikate
LAGOS
₦15.0M/yr 1.8d
Elegushi
LAGOS
₦13.0M/yr 1.6d
Ologolo
LAGOS
₦12.0M/yr 1.0d

Most Affordable Areas

Property Class Neighbourhood Avg. Median Price Avg. DOM
1 BED FLAT Ikorodu
LAGOS
₦285k/yr 2.0d
Ipaja
LAGOS
₦375k/yr 1.0d
Obafemi Owode
OGUN
₦600k/yr 1.0d
Ikotun
LAGOS
₦680k/yr 1.0d
Ibeju-Lekki
LAGOS
₦800k/yr 3.1d
Ojota
LAGOS
₦800k/yr 4.1d
Abule Egba
LAGOS
₦800k/yr 1.0d
Olokonla
LAGOS
₦850k/yr 1.0d
Awoyaya
LAGOS
₦1.0M/yr 1.0d
Mushin
LAGOS
₦1.0M/yr 1.0d
2 BED FLAT Ikorodu
LAGOS
₦1.3M/yr 4.2d
Okun Ajah
LAGOS
₦1.5M/yr 1.0d
Abule Egba
LAGOS
₦2.0M/yr 14.3d
Ipaja
LAGOS
₦2.0M/yr 1.0d
Ibadan
IBADAN
₦2.2M/yr 3.2d
Ibeju-Lekki
LAGOS
₦2.2M/yr 2.3d
Obafemi Owode
OGUN
₦2.5M/yr 1.0d
Badore
LAGOS
₦2.7M/yr 1.0d
Isolo
LAGOS
₦2.7M/yr 1.4d
Unity Estate
LAGOS
₦2.8M/yr 1.0d
3 BED FLAT Ikotun
LAGOS
₦1.9M/yr 1.0d
Ibadan
IBADAN
₦2.0M/yr 1.0d
Oluyole
IBADAN
₦2.8M/yr 1.0d
Badore
LAGOS
₦3.6M/yr 7.1d
Ajah
LAGOS
₦4.0M/yr 3.3d
Olokonla
LAGOS
₦4.0M/yr 7.6d
Ago Palace
LAGOS
₦4.0M/yr 1.0d
Sangotedo
LAGOS
₦4.2M/yr 3.2d
Ogudu
LAGOS
₦4.5M/yr 1.0d
Thomas Estate
LAGOS
₦5.0M/yr 1.0d
4 PLUS BED FLAT Lekki
LAGOS
₦18.8M/yr 1.0d
Lekki Phase 1
LAGOS
₦25.0M/yr 1.0d
Banana Island
LAGOS
₦46.0M/yr 2.0d
Ikoyi
LAGOS
₦49.2M/yr 1.0d
Victoria Island
LAGOS
₦50.1M/yr 1.3d
Asokoro
ABUJA
₦52.5M/yr 1.0d
BUNGALOW Lugbe
ABUJA
₦3.5M/yr 1.0d
Abraham Adesanya
LAGOS
₦4.5M/yr 1.0d
Lokogoma
ABUJA
₦6.0M/yr 1.0d
Galadimawa
ABUJA
₦9.0M/yr 1.0d
Lekki
LAGOS
₦13.0M/yr 18.3d
COMMERCIAL INDUSTRIAL Oshodi
LAGOS
₦100k/yr 1.0d
Ikeja
LAGOS
₦7.5M/yr 1.0d
COMMERCIAL OFFICE RETAIL Sangotedo
LAGOS
₦2.4M/yr 1.0d
Gbagada
LAGOS
₦2.5M/yr 4.0d
Ibadan
IBADAN
₦2.6M/yr 1.0d
Osapa London
LAGOS
₦3.5M/yr 1.0d
Ikeja
LAGOS
₦4.2M/yr 2.2d
Ogba
LAGOS
₦5.0M/yr 1.0d
Gwarinpa
ABUJA
₦6.5M/yr 1.0d
Yaba
LAGOS
₦7.4M/yr 4.0d
Wuse 2
ABUJA
₦8.2M/yr 5.8d
Lekki Phase 1
LAGOS
₦10.0M/yr 1.6d
DETACHED HOUSE Okun Ajah
LAGOS
₦3.0M/yr 1.0d
Sangotedo
LAGOS
₦6.6M/yr 1.0d
Abraham Adesanya
LAGOS
₦6.8M/yr 4.0d
Ajah
LAGOS
₦8.3M/yr 1.0d
Ibadan
IBADAN
₦8.4M/yr 1.0d
Gaduwa
ABUJA
₦11.0M/yr 18.5d
Lekki Phase 2
LAGOS
₦12.0M/yr 1.0d
Agungi
LAGOS
₦13.0M/yr 1.0d
Orchid
LAGOS
₦13.3M/yr 1.4d
Ikota
LAGOS
₦15.0M/yr 1.2d
LAND COMMERCIAL Victoria Island
LAGOS
₦64.0M/yr 1.0d
Ikoyi
LAGOS
₦219.0M/yr 1.7d
LAND RESIDENTIAL Victoria Island
LAGOS
₦57.0M/yr 1.0d
Ikoyi
LAGOS
₦90.0M/yr 2.2d
OTHER Akoka
LAGOS
₦1.2M/yr 1.0d
Banana Island
ABUJA
₦1.4M/yr 1.0d
Orchid
LAGOS
₦2.0M/yr 1.0d
Ikotun
LAGOS
₦2.0M/yr 1.0d
Ikota
LAGOS
₦2.8M/yr 1.0d
Ibadan
IBADAN
₦3.6M/yr 1.0d
Lekki Phase 1
LAGOS
₦13.8M/yr 1.0d
SEMI DETACHED HOUSE Sangotedo
LAGOS
₦7.0M/yr 1.0d
Abraham Adesanya
LAGOS
₦9.0M/yr 5.3d
Lekki Conservation
LAGOS
₦9.0M/yr 1.0d
Ajah
LAGOS
₦9.2M/yr 3.5d
Ikota
LAGOS
₦10.2M/yr 1.0d
Osapa London
LAGOS
₦10.8M/yr 1.7d
Agungi
LAGOS
₦10.8M/yr 1.0d
Ologolo
LAGOS
₦10.9M/yr 1.0d
Oral Estate
LAGOS
₦11.0M/yr 1.0d
Orchid
LAGOS
₦11.3M/yr 1.0d
TERRACED HOUSE Sangotedo
LAGOS
₦5.9M/yr 1.8d
Ajah
LAGOS
₦7.0M/yr 1.0d
Ibadan
IBADAN
₦7.2M/yr 2.1d
Abraham Adesanya
LAGOS
₦7.5M/yr 1.0d
Ikota
LAGOS
₦7.7M/yr 1.2d
Agungi
LAGOS
₦8.2M/yr 1.0d
Lekki Phase 2
LAGOS
₦8.5M/yr 1.0d
Gaduwa
ABUJA
₦9.0M/yr 1.0d
Orchid
LAGOS
₦9.0M/yr 3.1d
Oral Estate
LAGOS
₦9.0M/yr 1.0d
04

Regional Performance Deep Dive

Lagos rentals posted a median of ₦7.0M/yr across 94 neighbourhoods, with Lekki Phase 1 representing the primary hub. Landlords adjusted 126 listings downward, reflecting competitive pressure. Abuja rentals commanded a premium median of ₦10.0M/yr across 33 neighbourhoods, with Jahi emerging as the top active rental area, driven by steady demand in the capital city. Regional rental hubs showed distinct yield profiles. Port Harcourt commanded a premium median of ₦13.5M/yr, while Ibadan (median ₦2.7M/yr), Enugu (median ₦2.1M/yr), and Ogun (median ₦1.85M/yr) represented accessible options.

MEDIAN PRICE COMPARISON BY REGION (NGN) PH ₦15.0M ABUJA ₦9.0M LAGOS ₦7.0M IBADAN ₦3.0M ENUGU ₦2.0M OGUN ₦1.3M
City / State Neighbourhoods Cumulative Active New Listings Price Reductions Median Price (NGN) Top Active Area
ABUJA 47 1,841 175 11 ₦9.0M/yr Jahi
ENUGU 1 32 4 0 ₦2.0M/yr Enugu
IBADAN 5 424 46 2 ₦3.0M/yr Ibadan
LAGOS 115 17,380 1,704 113 ₦7.0M/yr Lekki Phase 1
OGUN 8 81 5 0 ₦1.3M/yr Obafemi Owode
PH 2 53 6 0 ₦15.0M/yr Port Harcourt
05

Weekly Market Trajectory

WEEKLY MARKET TRAJECTORY TREND Active Listings (Left) Median Price (Right) 4635 ₦8M 4217 ₦7M 3798 ₦7M 3380 ₦7M 06/01 06/08 06/15 06/22 06/29
Property Class Week Start Active Listings New Listings Price Reductions Median Price (NGN)
1 BED FLAT 2026-06-01 738 135 12 ₦2.0M/yr
2026-06-08 792 102 16 ₦2.1M/yr
2026-06-15 759 0 10 ₦2.0M/yr
2026-06-22 893 133 8 ₦2.0M/yr
2026-06-29 974 91 0 ₦2.0M/yr
2 BED FLAT 2026-06-01 678 132 3 ₦5.0M/yr
2026-06-08 712 72 5 ₦4.8M/yr
2026-06-15 690 0 9 ₦5.0M/yr
2026-06-22 806 109 3 ₦4.5M/yr
2026-06-29 846 42 0 ₦4.5M/yr
3 BED FLAT 2026-06-01 585 95 5 ₦7.0M/yr
2026-06-08 658 81 6 ₦7.5M/yr
2026-06-15 641 0 6 ₦8.0M/yr
2026-06-22 724 81 7 ₦8.0M/yr
2026-06-29 779 60 0 ₦7.5M/yr
4 PLUS BED FLAT 2026-06-01 71 13 1 ₦45.0M/yr
2026-06-08 79 8 0 ₦45.0M/yr
2026-06-15 78 0 1 ₦47.5M/yr
2026-06-22 89 11 0 ₦45.0M/yr
2026-06-29 99 9 0 ₦47.5M/yr
BUNGALOW 2026-06-01 3 0 0 ₦9.0M/yr
2026-06-08 6 1 0 ₦11.0M/yr
2026-06-15 6 0 0 ₦11.0M/yr
2026-06-22 15 4 0 ₦6.0M/yr
2026-06-29 12 0 0 ₦6.8M/yr
COMMERCIAL INDUSTRIAL 2026-06-01 6 1 0 ₦12.5M/yr
2026-06-08 6 0 0 ₦12.5M/yr
2026-06-15 6 0 0 ₦12.5M/yr
2026-06-22 12 5 0 ₦75k/yr
2026-06-29 12 0 0 ₦75k/yr
COMMERCIAL OFFICE RETAIL 2026-06-01 101 12 0 ₦5.5M/yr
2026-06-08 107 14 3 ₦6.0M/yr
2026-06-15 105 0 1 ₦6.0M/yr
2026-06-22 123 18 0 ₦6.2M/yr
2026-06-29 119 2 0 ₦6.5M/yr
DETACHED HOUSE 2026-06-01 283 54 0 ₦23.2M/yr
2026-06-08 323 40 3 ₦23.0M/yr
2026-06-15 319 0 3 ₦23.0M/yr
2026-06-22 367 42 0 ₦23.2M/yr
2026-06-29 388 22 0 ₦23.2M/yr
LAND COMMERCIAL 2026-06-01 6 0 0 ₦142.5M/yr
2026-06-08 6 0 0 ₦142.5M/yr
2026-06-15 6 0 0 ₦142.5M/yr
2026-06-22 6 0 0 ₦142.5M/yr
2026-06-29 9 3 0 ₦137.5M/yr
LAND RESIDENTIAL 2026-06-01 6 3 0 ₦55.0M/yr
2026-06-08 5 0 0 ₦55.0M/yr
2026-06-15 5 0 0 ₦55.0M/yr
2026-06-22 10 4 0 ₦77.5M/yr
2026-06-29 10 1 0 ₦72.5M/yr
OTHER 2026-06-01 13 4 0 ₦3.3M/yr
2026-06-08 13 0 0 ₦3.3M/yr
2026-06-15 13 0 0 ₦3.3M/yr
2026-06-22 28 14 0 ₦2.0M/yr
2026-06-29 28 1 0 ₦2.0M/yr
SEMI DETACHED HOUSE 2026-06-01 168 29 0 ₦15.0M/yr
2026-06-08 202 35 0 ₦13.0M/yr
2026-06-15 195 0 2 ₦14.0M/yr
2026-06-22 224 27 1 ₦15.0M/yr
2026-06-29 245 15 0 ₦15.0M/yr
TERRACED HOUSE 2026-06-01 337 43 5 ₦12.0M/yr
2026-06-08 387 55 2 ₦10.8M/yr
2026-06-15 377 0 3 ₦10.8M/yr
2026-06-22 448 68 1 ₦11.5M/yr
2026-06-29 475 27 0 ₦11.5M/yr
06

Price Reduction Analysis

A total of 126 price reduction events were tracked, showing that rental listing rates are subject to active corrections by landlords seeking to avoid extended vacancy periods.

Peak reduction week: 2026-06-08 with 39 events.

LAGOS
113
ABUJA
11
IBADAN
2
07

Market Outlook

The steady influx of 1,940 new listings suggests that rental supply will remain healthy. Premium rental rates are expected to persist in core corporate hubs like Lagos and Abuja, while Ibadan will continue to gain traction.

08

Methodology & Data Notes

Data source: PS-0 PropertyScraper autonomously collects listings from PropertyPro.ng, PrivateProperty.com.ng, and NigeriaPropertyCentre.com on a weekly discovery cadence with mid-week health checks.

Neighbourhood normalisation: Raw neighbourhood strings from all portals are normalised to a canonical name via a manually-curated mapping table. Only neighbourhoods with ≥90% normalisation coverage are included in analysis.

Price storage: All prices are stored internally as 64-bit integer kobo values to eliminate floating-point arithmetic errors. NGN figures displayed in this report are exact integer divisions by 100.

Median vs. mean pricing: Median is used throughout to reduce skew from outlier luxury listings. P25, P75, and P90 data are available in the source dataset but excluded from this summary report for brevity.

Price reductions: An event is recorded when a listing's price decreases between two consecutive observations. Multiple reductions on the same listing count as separate events.

Days on market (DOM): Computed as the number of days between a listing's first observed date and the snapshot date. Listings present since before the pipeline's inception show DOM from the first observation date, not the actual listing date.

Outage handling: On weeks where portal access was blocked or failed, active inventory is carried forward from the prior week. New listing counts are recorded as zero for that week. These weeks are noted in the weekly table.

09

Disclaimer

General Information Only: The data, analysis, and narratives presented in this report are provided for general informational, educational, and research purposes only. This report does not constitute investment, financial, legal, tax, or real estate advice.

No Warranties: While reasonable efforts are made to ensure the accuracy and reliability of the scraped listings and calculated metrics, all information is provided "as is" without warranties of any kind, express or implied. Real estate market conditions are dynamic, and historical scraping observations may not reflect future market cycles or performance.

Limitation of Liability: Isaac Akinmokun and the contributors to this platform disclaim any and all liability for any direct, indirect, incidental, or consequential loss or damage incurred by any party arising out of or in connection with the use of, reliance on, or decisions made based on the data and analyses contained in this publication.