At first glance, that number stands out. More homes. More choice. But that’s only half the story. Although the number of properties for sale locally has doubled since 2022, the number of homes selling has also increased.
Nationally, regionally and locally in Leicester, activity is up, prices are fluid, and buyer behaviour is evolving. This isn’t just a market with more homes for sale; it’s a market on the move. If you’re buying, selling or just watching from the sidelines, the first half of 2025 has delivered some telling trends that every Leicester homeowner needs to understand.
Year-to-Date – the number of agreed UK property sales as of Sunday, June 8 2025, was 6% higher than a year ago. Breaking those statistics down even further, as of Sunday, June 8 2025, 580,191 UK homes had been sold subject to contract (STC) compared to 535,183 as of the same date in 2024. It’s essential to note that 2024 marked an improvement over 2023, with the number of homes sold reaching 486,035.
Next, I want to examine May in isolation nationally and compare it with other recent Mays.
Let us start with the number of sales agreed nationally.
May 2023 – 98,609 sales agreed
May 2024 – 114,452 sales agreed
May 2025 – 121,665 sales agreed
Now, let’s examine the average national selling prices.
The average UK selling price was £368,649 in May 2023, £369,615 in May 2024, and £372,664 in May 2025 – a modest rise of 1.1% over the two years.
The £ per square foot is another method of observing house price changes. The pound per square foot has risen by 3.25% over the last two years, climbing from £338 (in May 2023) to £343 (in May 2024) and £349 in May 2025 (which is in line with the primary house price indicators).
Next, I want to look at every UK region. Each region has seen an increase in the number of properties selling (SSTC) in May 2025 compared to May 2024 and May 2023:
- East Anglia: Up 7.3% since May 2024 and up 27.8% since May 2023
- East Midlands: Up 7.1% since May 2024 and up 30.7% since May 2023
- London: Up 0.7% since May 2024 and up 15.1% since May 2023
- North East: Up 7.1% since May 2024 and up 24.5% since May 2023
- North West: Up 9.7% since May 2024 and up 27.1% since May 2023
- Northern Ireland: Up 1.3% since May 2024 and up 14.3% since May 2023
- Scotland: Up 8.2% since May 2024 and up 22.6% since May 2023
- South East: Up 4.7% since May 2024 and up 20.7% since May 2023
- South West: Up 4.8% since May 2024 and up 16.9% since May 2023
- Wales: Up 12.7% since May 2024 and up 25.1% since May 2023
- West Midlands: Up 5.7% since May 2024 and up 28.0% since May 2023
- Yorkshire & Humber: Up 8.2% since May 2024 and up 26.3% since May 2023
Finally, it’s essential to look at the supply of property (i.e. the number of homes for sale).
Nationally, we have seen an increase in properties for sale (756,675 in May 2025 versus 694,281 in May 2024 and 605,006 in May 2023).
Now we need to delve deeper into the Leicester property market statistics.
Leicester Property Market Stats
In May 2023, 654 Leicester homes sold STC, with an average Leicester selling price of £297,108 and a price of £291 per square foot for those homes.
In May 2024, 774 Leicester homes sold STC, with an average selling price in Leicester of £309,361 and a price per square foot of £291.
In May 2025, 874 Leicester homes sold STC, with an average Leicester selling price of £310,033 and a price of £300 per square foot for those homes.
Next, the number of properties for sale in Leicester.
May 2023 – 4,496 Leicester homes for sale
May 2024 – 5,189 Leicester homes for sale
May 2025 – 5,574 Leicester homes for sale
Interestingly – it was 2,850 in May 2022 – meaning there are 95% more Leicester homes for sale today than 3 years ago.
(Leicester LE1 to LE9 and LE19).
Leicester Property Market: A balancing act of price, presentation and perspective
So, the number of properties for sale has increased significantly, the number of Leicester homes sold has increased, the £/sq. ft has increased, and the average price achieved has increased, yet not at the rate seen by the number of Leicester homes for sale.
What does it all mean for Leicester homeowners?
House prices are roughly stable; however, if you are selling, you face increased competition.
56.28% of properties that have left UK estate agents’ books since January 1, 2025, have had their owners sell, exchange contracts, and move, with the remaining 43.72% being withdrawn and unsold. This means that you only have a roughly one in two chance of selling if you put your home on the market. Therefore, accurate pricing is more critical than ever, but it isn’t the only factor.
The Leicester homes that stand out in today’s market often do so because of excellent marketing.
For Leicester sellers looking to maximise interest and achieve a strong price for their Leicester home, presenting their property in the best possible light is a non negotiable step.
The bottom line is Leicester’s property market has never followed a one size fits all script, and the first half of 2025 has been no different. In some areas of Leicester, homes are selling quickly. In others of the city, buyers are negotiating hard on price, completion dates, and even fixtures and fittings.
That makes flexibility your secret weapon. Buyers willing to expand their search radius or adjust their wish list can uncover hidden gems. Sellers who understand the subtle differences across the city and its surrounding villages can set more informed asking prices and avoid sitting stagnant on the market.
The Leicester Buyer-Seller Overlap: An often-forgotten truth
Over 8 in 10 of Leicester sellers are also buyers. A slight compromise on your sale price may be more than offset by the deal you strike on your next home. It’s not about winning or losing; it’s about striking a balance between both sides of the move.
Leicester doesn’t exist in a vacuum. National headlines and global trends matter, but the city has consistently demonstrated quiet resilience. With mortgage rates stabilising and more certainty in the air, there’s reason to feel cautiously optimistic.
Success in the second half of Leicester’s 2025 property market will depend on preparation and adaptability. Buyers need their mortgage agreements ready and their decision-making sharp. Sellers must price right and market smartly from day one.
There’s no shortage of opportunity. However, only for those willing to work with the market as it is, not how they wish it to be. What’s your take on Leicester’s market right now? Are you seeing the same patterns or something different altogether?
