Leeds House Prices: £126,500 Median
Leeds median house price is £126,500, with 328,039 recorded sales
Introduction to Leeds House Prices
The median house price in Leeds is £126,500, according to the latest data. This figure is based on 328,039 recorded sales, making Leeds one of the most active property markets in the UK. The prices of properties sold in Leeds range from £1,000 to £3,450,000, indicating a diverse market with options for various budgets.
Long-term Trends
Looking at the long-term trends, the median house price in Leeds has increased significantly over the years. In 1995, the median price was £48,000, which is less than half of the current median price. The price increase has not been linear, with some years seeing more significant growth than others. For example, between 2002 and 2003, the median price jumped from £82,000 to £104,995, a increase of over 28%.
Price per Square Metre
The price per square metre in Leeds is £1,562, which can be useful for buyers and sellers to estimate the value of properties. This figure, combined with the median price, gives an indication of the average size and type of properties being sold in the area.
Comparison with Early Years
Comparing the early years of the series with the latest data, it is clear that the Leeds property market has experienced significant growth. In 1997, the median price was £51,000, which is less than a quarter of the current median price. The number of recorded sales has also increased substantially, from 1995 to 2026, indicating a growing demand for properties in the area.
Real-terms Growth
While the nominal median house price in Leeds has increased over the years, it is essential to consider the real-terms growth, adjusted for inflation. However, without inflation data, we cannot accurately calculate the real-terms growth. Nonetheless, the long-term trend of increasing median prices suggests that the Leeds property market has been resilient.
How this Compares
In comparison to other UK cities, Leeds has a relatively affordable median house price. The £126,500 median price is lower than many other major cities, making Leeds an attractive option for buyers. With 328,039 recorded sales, Leeds is also one of the most active property markets, indicating a high demand for properties in the area.
Your Questions
Q: What is the median house price in Leeds?
A: The median house price in Leeds is £126,500.
Q: How many recorded sales are there in Leeds?
A: There are 328,039 recorded sales in Leeds.
Q: What is the price range of properties sold in Leeds?
A: The prices of properties sold in Leeds range from £1,000 to £3,450,000.
Figures from HM Land Registry price paid data (Crown copyright, OGL v3.0). — explore the live data on the Leeds page.