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

Where demand outruns supply in Ikorodu.

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

Searches
2,460
since 17 Sep 2026
Per listing
3.5
since 17 Sep 2026
Found nothing
49.4%
since 17 Sep 2026
Rent budget gap
20% above asking
since 17 Sep 2026
Sale budget gap
7% above asking
since 17 Sep 2026

Most competitive areas

Searches per live listing, rent 10.0 1,552 searches · 156 listings · Index 367 · national 100
Searches per live listing, sale 1.6 908 searches · 556 listings · Index 223 · national 100

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 50.3% Mostly 5+ bedroom · ₦700K to ₦1M
Searches that found nothing, sale 48.0% Mostly 4 bedroom · ₦1M to ₦1.5M

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 20% above asking Typical budget ₦1.2M vs ₦1M asked · 55% of listings within the typical budget
Searched budget vs asking sale price 7% above asking Typical budget ₦53.6M vs ₦50M asked · 50% of listings within the typical budget

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 Ikorodu, 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 per 100 listings, rent 417 651 enquiries · 156 listings
Enquiries per 100 listings, sale 39 219 enquiries · 556 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 10.1% of searches 16.0% of live rent listings
Serviced rentals: searched vs listed 18.5% of searches 11.5% 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.

Frequently asked

Questions this report answers

How often do rent searches in Ikorodu, Lagos find nothing?

50.3% of the 1,552 rent searches recorded between 17 Sep to 20 Sep 2026 returned no listings; mostly 5+ bedroom · ₦700K to ₦1M.

How do rent budgets compare with asking prices in Ikorodu, Lagos?

The typical maximum price searchers stated was ₦1.2M, 20% above asking the median asking price of ₦1M; 55% of listings within the typical budget.

How often do sale searches in Ikorodu, Lagos find nothing?

48.0% of the 908 sale searches recorded between 17 Sep to 20 Sep 2026 returned no listings; mostly 4 bedroom · ₦1M to ₦1.5M.

How do sale budgets compare with asking prices in Ikorodu, Lagos?

The typical maximum price searchers stated was ₦53.6M, 7% above asking the median asking price of ₦50M; 50% 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.