Where demand outruns supply in Ikeja.
Searches on Nigeria Property Centre measured against the listings live to meet them in Ikeja. Updated 9 Oct 2026.
Most competitive areas
Searches in the window divided by the listings live on 8 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
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
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 Ikeja, 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 the 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 (7 Oct 2026), divided by the listings live on 8 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.
Living in Ikeja
Questions this report answers
How often do rent searches in Ikeja, Lagos find nothing?
14.4% of the 19,530 rent searches recorded between 17 Sep to 8 Oct 2026 returned no listings; mostly 1 bedroom · ₦2M to ₦3M.
How do rent budgets compare with asking prices in Ikeja, Lagos?
The typical maximum price searchers stated was ₦5.2M, 79% below asking the median asking price of ₦25M; 12% of listings within the typical budget.
How often do sale searches in Ikeja, Lagos find nothing?
8.4% of the 11,239 sale searches recorded between 17 Sep to 8 Oct 2026 returned no listings; mostly 3 bedroom · ₦100M to ₦150M.
How do sale budgets compare with asking prices in Ikeja, Lagos?
The typical maximum price searchers stated was ₦263.5M, 45% below asking the median asking price of ₦480M; 20% 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 17 Sep to 8 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.
How we measure demand against supply.
Demand is every property search run in a browser on Nigeria Property Centre between 17 Sep to 8 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.
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 Ikeja, https://nigeriapropertycentre.com/market-trends/demand-trends/lagos/ikeja