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

Where demand outruns supply in Ibeju Lekki.

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

Searches
5,333
since 17 Sep 2026
Per listing
2.1
since 17 Sep 2026
Found nothing
59.2%
since 17 Sep 2026
Rent budget gap
5% above asking
since 17 Sep 2026
Sale budget gap
29% below asking
since 17 Sep 2026

Most competitive areas

Searches per live listing, rent 5.2 3,312 searches · 635 listings · Index 193 · national 100
Searches per live listing, sale 1.0 2,021 searches · 1,958 listings · Index 141 · 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 57.9% Mostly 5+ bedroom · ₦2M to ₦3M
Searches that found nothing, sale 61.4% Mostly 5+ 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 5% above asking Typical budget ₦2.1M vs ₦2M asked · 52% of listings within the typical budget
Searched budget vs asking sale price 29% below asking Typical budget ₦58.9M vs ₦83M asked · 33% 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 Ibeju Lekki, 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 340 2,156 enquiries · 635 listings
Enquiries per 100 listings, sale 24 475 enquiries · 1,958 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 14.4% of searches 18.3% of live rent listings
Serviced rentals: searched vs listed 24.4% of searches 16.9% 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 Ibeju Lekki, Lagos find nothing?

57.9% of the 3,312 rent searches recorded between 17 Sep to 20 Sep 2026 returned no listings; mostly 5+ bedroom · ₦2M to ₦3M.

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

The typical maximum price searchers stated was ₦2.1M, 5% above asking the median asking price of ₦2M; 52% of listings within the typical budget.

How often do sale searches in Ibeju Lekki, Lagos find nothing?

61.4% of the 2,021 sale searches recorded between 17 Sep to 20 Sep 2026 returned no listings; mostly 5+ bedroom · ₦1M to ₦1.5M.

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

The typical maximum price searchers stated was ₦58.9M, 29% below asking the median asking price of ₦83M; 33% 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.