Where demand outruns supply in Lagos.
Searches on Nigeria Property Centre measured against the listings live to meet them in Lagos. Updated 29 Oct 2026.
Most competitive areas
Most competitive localities for rentals
Most competitive localities for homes for sale
Searches in the window divided by the listings live on 28 Oct 2026 that a searcher could actually rent or buy — published, priced whole, in NGN. The index puts the national rate at 100.
Unmet demand: where searches find nothing
Where rentals are hardest to find
Where homes for sale are hardest to find
A search found nothing when the page it landed on listed no properties. "Mostly" names the bed count and budget band most of those searches asked for; searches with no bed count or budget stated are counted but not described.
Budgets against asking prices
Searchers furthest below asking, rentals
Searchers furthest below asking, homes for sale
Searchers above asking, rentals
Searchers above asking, homes for sale
The typical budget is the median maximum price searchers stated, from at least 50 searches that stated one; the asking price is the median of the live listings. "Within budget" is the share of those listings priced at or under the typical budget.
Bedroom mismatch
Bedroom mismatch in Lagos
Each bar is the share of searches asking for that bed count minus the share of live listings offering it, in percentage points: to the right, more people want it than the market lists; to the left, the reverse. Searches with no bed count stated, and listings with no bedrooms recorded, are left out of both shares.
Where alerts outnumber listings
Where alerts outnumber rentals
Where alerts outnumber homes for sale
People who set a property alert for an area, counted once each however many alerts they hold, against the listings live there on 29 Oct 2026. An area is shown only with at least 20 people and 20 live listings. Alerts that name no state are left out of every ranking.
Bedrooms people's alerts ask for
Bedrooms people ask for in Lagos
More people have alerts for 1-bedroom homes than there are listings for them: 3 in 10 alerts, 1 in 10 listings.
Only alerts that set both a lowest and a highest bedroom count are counted: an alert for "2 or more" says nothing about wanting five. An area is shown once at least 50 such alerts stand behind it. Listings are counted the same way as in the bedroom mismatch above.
Where the enquiries go
Where the rent enquiries go
Where the sale enquiries go
Enquiries are contacts made through the site, counted once per person, listing, channel and day, over the 28 days before the latest scoring night (28 Oct 2026), divided by the listings live on 28 Oct 2026.
Furnished and serviced rentals
The share of rent searches that asked for a furnished or serviced home, against the share of live rent listings that offer one.
What stands out in Lagos
Ikotun is the tightest rental market
84.4 searches for every live rent listing, against 12.4 nationally.
See Ikotun37.0% of rent searches in Ifako-Ijaiye found nothing
256 of 692 searches landed on an empty page — mostly 1 bedroom · ₦1M to ₦1.5M.
See Ifako-IjaiyeRent budgets in Ipaja sit 160% above asking
Searchers typically set a maximum of ₦2.1M against a median asking price of ₦800K; 81% of listings within the typical budget.
See IpajaQuestions this report answers
Where is rental demand highest relative to supply in Lagos?
Ikotun recorded 84.4 searches for every live rent listing between 29 Sep to 28 Oct 2026, the highest of any locality with at least 100 searches and 20 listings.
How often do rent searches in Lagos find nothing?
12.2% of the 371,045 rent searches recorded between 29 Sep to 28 Oct 2026 returned no listings; mostly 1 bedroom · ₦2M to ₦3M.
How do rent budgets compare with asking prices in Lagos?
The typical maximum price searchers stated was ₦4.3M, 67% below asking the median asking price of ₦13M; 19% of listings within the typical budget.
How often do sale searches in Lagos find nothing?
7.0% of the 168,302 sale searches recorded between 29 Sep to 28 Oct 2026 returned no listings; mostly 3 bedroom · ₦2M to ₦3M.
How do sale budgets compare with asking prices in Lagos?
The typical maximum price searchers stated was ₦191.7M, 45% below asking the median asking price of ₦350M; 28% of listings within the typical budget.
How is this report measured?
Demand is every property search run in a browser on Nigeria Property Centre between 29 Sep to 28 Oct 2026, counted once per search per visit, with searches by reference number left out; searches began being recorded this way on 17 September 2026 and nothing earlier is used. Supply is the listings live at the end of that period that were published, priced as a whole property in NGN and at or above the same price floor the quarterly market report applies. An area is published only with at least 100 searches and 20 live listings; a typical budget needs at least 50 searches that stated one. Figures are refreshed nightly.
Which areas have the most people with property alerts for every listing?
Alimosho, Lagos has the most people with alerts for every live listing: 30 people with alerts · 59 listings. People are counted once each however many alerts they hold, and an area is published only with at least 20 of them and 20 live listings.
How we measure demand against supply.
Demand is every property search run in a browser on Nigeria Property Centre between 29 Sep to 28 Oct 2026, counted once per search per visit, with searches by reference number left out; searches began being recorded this way on 17 September 2026 and nothing earlier is used. Supply is the listings live at the end of that period that were published, priced as a whole property in NGN and at or above the same price floor the quarterly market report applies. An area is published only with at least 100 searches and 20 live listings; a typical budget needs at least 50 searches that stated one. Figures are refreshed nightly. Property alert figures count PEOPLE who asked to be told about new listings, once each however many alerts they hold, frozen on 29 Oct 2026. Alerts are matched to listings only when a listing is first published, so "no new listings" means none have matched in the last 30 days, not that nothing on the site fits. Areas with fewer than 20 people or 20 live listings are left out.
No individual search or searcher is published; every figure is a count or a share over an area. Enquiries are counted the way the quarterly market report counts them — once per person, listing, channel and day.
For asking prices, see our average property prices and the quarterly market reports.
Using this data.
Free to use with credit. You can quote and republish these figures, as long as you credit Nigeria Property Centre and link back to this report. They are licensed under CC BY 4.0, as set out in our terms of use.
Source: Nigeria Property Centre, Where demand outruns supply in Lagos, https://nigeriapropertycentre.com/market-trends/demand-trends/lagos
Get demand vs supply by email.
Where searches outrun listings, at the start of each month. One email a month.