The Lancaster Property Market Report | March 2025

A Market in Two Halves

March 2025 brought echoes of the stamp duty surge of 2021. Completion volumes soared, with conveyancers under pressure to meet the March 31st deadline. But as we move into April, the pace has already begun to steady.

The market is now defined by choice. With a record number of homes for sale—and a steady stream of new-builds—buyers are in a strong position. For sellers, this means realistic pricing and thoughtful presentation are more crucial than ever.

At JDG, we sold a home a day in March, demonstrating that demand remains robust for the right property. The desire to move hasn’t gone away—it's the market conditions that are evolving.

Here are your figures for March 2025....

Property Prices

According to the latest Land Registry data, Lancaster’s average property price stands at £187,621, marking a 4.7% annual rise.

• Apartments averaged £127,300 (19% of sales)

• Houses: £203,825—crossing the £200,000 threshold for the first time

• Semi-detached homes saw the greatest growth, up 5.9%

• Detached homes dipped slightly in value per square foot

Price per square foot across the city now averages £218, up from £214 last month. Apartments command £194 per sq ft, while detached homes top the scale at £285 per sq ft.

The premium market remains active, with seven homes selling for over £500,000 so far this year. The highest-value sale was a distinguished home on Quernmore Road, listed at £850,000.

Property Views

Daily traffic on Rightmove continues to offer a helpful snapshot of buyer demand.

In Lancaster, viewing levels are broadly consistent with March last year, despite a slight dip from February. It points to a steady, resilient marketplace where buyers remain engaged—though with a more considered approach.

Timescales

The average time to find a buyer in Lancaster now stands at 79 days, slightly up on last month. However, homes that completed in March did so far more quickly—averaging just 51 days on the market.

This gap highlights a key truth: well-presented, sensibly priced homes continue to attract motivated buyers. Properties that sit on the market longer often need a strategic rethink—be it pricing, marketing, or presentation.

Property Choice

As of April 1st, Lancaster had 518 homes for sale—nearly double the number available in 2022. Of these, 248 have been listed for more than 12 weeks.

This increase in stock presents a clear challenge for sellers. Buyers can afford to be selective, and properties that linger tend to need a refreshed approach. In this market, early action—on pricing, staging, or even photography—makes a difference.

In March, 89 homes sold across Lancaster, represented by 18 estate agents. JDG led the way, agreeing 16 of those sales—a reflection of our commitment, marketing expertise, and deep understanding of the local market.

So far this year, 1 in 4 homes sold in Lancaster has been through JDG. Family homes—particularly two- and three-beds with gardens—remain in high demand, especially as we head into spring. We’ve already welcomed over 550 new buyers to our register in 2025.

 At JDG, we pride ourselves on offering honest, expert guidance tailored to your needs. As Lancaster’s only recognised ethical estate agent, we hold transparency and trust at the heart of everything we do.   If you’re thinking of moving, we’d love to help.  Call us on 01524 843322