The Office for National Statistics (ONS) has recently published an update to its figures on the housing market in the Leeds area. The data demonstrates how average property values and private rents are evolving over time.
According to the ONS’ latest data, the average house price in Leeds stood at £245,000 in March 2025 (a provisional statistic for the time being).
Further information from SellHouseFast, which supports homeowners looking to sell a house in Leeds and other major towns and cities in the UK, shows the average house price was £235,000 in June 2024. That would equate to a 4.26% increase between June 2024 and March 2025.
The same platform also states that the average residential property in Leeds is now listed on the open market for 157 days before it sells, which explains why cash buyers are becoming a credible alternative to waiting upwards of five months or more.
Finding First-Time Buyers In Leeds
The picture for first-time buyers in the Leeds area is tricky. In March 2024, the ONS said the average priced paid by first-time homeowners was £199,000. However, the provisional figure for March 2025 is £214,000, representing a sizeable 7.8% year-on-year increase.
This is also significantly above the average sale price for first-time buyers in the wider Yorkshire and The Humber region, which totalled just £183,827. Looking at the wider picture across England, first-time buyers in Leeds are still paying well below the national average for first-time purchases (£249,763).
House Price Growth in Leeds by Property Type
Interestingly, the ONS data suggests average property prices in Leeds have risen the most for terraced accommodation. In fact, semi-detached homes have also risen significantly faster than detached properties, too.
Terraced sale prices have risen 8.2% between March 2024 and the provisional sales figures for March 2025. They’ve also risen 7.6% between the same period for semi-detached properties in Leeds. Detached homes have risen 6.4% over the same period.
The cost of servicing mortgages for bigger, more expensive detached properties – due to hikes in interest rates in recent years – may have curbed property prices for detached homes. The affordability offered by terraced and semi-detached homes may have had a bearing on the recent price increases in the last 12 months.
The private rental market in Leeds has been tricky in the last four years. Private rental price annual inflation sat as high as 10% in early 2022 but has steadily fallen since. In fact, average monthly private rents in Leeds for April 2025 were £1,104. This represents only a marginal 1.2% increase year-on-year.
Average monthly private rents across the wider Yorkshire and The Humber region sat at £816 in April 2025, up from £785 in April 2024. The UK-wide average for private monthly rents sat at £1,335 in April 2025, up from £1,243 in April 2024.
In summary, affordability looks to be easing for private renters in the Leeds area. Meanwhile, demand for cheaper terraced and semi-detached properties appear to be driving prices up faster than bigger, detached homes across the city.
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