Nigeria Property Centre
DEMAND VS SUPPLY · 17 SEP TO 20 SEP 2026

Where demand outruns supply in Oyo.

Searches on Nigeria Property Centre measured against the listings live to meet them in Oyo. Updated 21 Sep 2026.

Searches
5,877
since 17 Sep 2026
Per listing
1.9
since 17 Sep 2026
Found nothing
71.8%
since 17 Sep 2026
Rent budget gap
69% below asking
since 17 Sep 2026
Sale budget gap
25% below asking
since 17 Sep 2026

Most competitive areas

Searches per live listing, rent 14.2 3,267 searches · 230 listings · Index 524 · national 100
Searches per live listing, sale 0.9 2,610 searches · 2,912 listings · Index 123 · national 100
Searches per live listing, rent

Most competitive localities for rentals

01
Index 309 · national 100
8.4 searches per listing
Searches per live listing, sale

Most competitive localities for homes for sale

01
Index 97 · national 100
0.7 searches per listing

Searches in the window divided by the listings live on 20 Sep 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

Searches that found nothing, rent 83.7% Mostly 5+ bedroom · ₦1M to ₦1.5M
Searches that found nothing, sale 57.0% Mostly 5+ bedroom · ₦20M to ₦30M
Share of searches with no results, rent

Where rentals are hardest to find

01
Mostly 5+ bedroom · ₦1M to ₦1.5M
73.7%
Share of searches with no results, sale

Where homes for sale are hardest to find

01
Mostly 5+ bedroom · ₦700K to ₦1M
47.7%

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

Searched budget vs asking rent price 69% below asking Typical budget ₦1.4M vs ₦4.5M asked · 19% of listings within the typical budget
Searched budget vs asking sale price 25% below asking Typical budget ₦112.5M vs ₦150M asked · 42% of listings within the typical budget
Budget gap, rent

Searchers furthest below asking, rentals

01
19% of listings within the typical budget
73% below asking
Budget gap, sale

Searchers furthest below asking, homes for sale

01
40% of listings within the typical budget
20% below asking

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

Searched minus listed, share of each

Bedroom mismatch in Oyo

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 per 100 listings, rent 61 141 enquiries · 230 listings
Enquiries per 100 listings, sale 9 268 enquiries · 2,912 listings
Enquiries per 100 live listings, rent

Where the rent enquiries go

01
139 enquiries · 214 listings
65 enquiries per 100 listings
Enquiries per 100 live listings, sale

Where the sale enquiries go

01
258 enquiries · 2,613 listings
10 enquiries per 100 listings

Enquiries are contacts made through the site, counted once per person, listing, channel and day, over the 28 days before the latest scoring night (20 Sep 2026), divided by the listings live on 20 Sep 2026.

Furnished and serviced rentals

Furnished rentals: searched vs listed 23.1% of searches 9.6% of live rent listings
Serviced rentals: searched vs listed 32.9% of searches 3.5% of live rent listings

The share of rent searches that asked for a furnished or serviced home, against the share of live rent listings that offer one.

What the data says

What stands out in Oyo

Ibadan is the tightest rental market

8.4 searches for every live rent listing, against 2.7 nationally.

73.7% of rent searches in Ibadan found nothing

1,322 of 1,794 searches landed on an empty page — mostly 5+ bedroom · ₦1M to ₦1.5M.

Rent budgets in Ibadan sit 73% below asking

Searchers typically set a maximum of ₦1.4M against a median asking price of ₦5M; 19% of listings within the typical budget.

Frequently asked

Questions this report answers

Where is rental demand highest relative to supply in Oyo?

Ibadan recorded 8.4 searches for every live rent listing between 17 Sep to 20 Sep 2026, the highest of any locality with at least 100 searches and 20 listings.

How often do rent searches in Oyo find nothing?

83.7% of the 3,267 rent searches recorded between 17 Sep to 20 Sep 2026 returned no listings; mostly 5+ bedroom · ₦1M to ₦1.5M.

How do rent budgets compare with asking prices in Oyo?

The typical maximum price searchers stated was ₦1.4M, 69% below asking the median asking price of ₦4.5M; 19% of listings within the typical budget.

How often do sale searches in Oyo find nothing?

57.0% of the 2,610 sale searches recorded between 17 Sep to 20 Sep 2026 returned no listings; mostly 5+ bedroom · ₦20M to ₦30M.

How do sale budgets compare with asking prices in Oyo?

The typical maximum price searchers stated was ₦112.5M, 25% below asking the median asking price of ₦150M; 42% 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 20 Sep 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.

About this report

How we measure demand against supply.

Demand is every property search run in a browser on Nigeria Property Centre between 17 Sep to 20 Sep 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.