Here is the Nigeria Real Estate Blog weekly snapshot of average asking prices for 3-bedroom apartments (furnished and semi-furnished units in good estates) as of June 24, 2026.
Note: These are asking prices. Actual transacted prices are typically 10–18% lower after negotiation.
Average Asking Prices – 3-Bedroom Apartments (June 24, 2026)
| City / Corridor | Average Price | WoW Change | MoM Change | Key Driver |
|---|---|---|---|---|
| Lagos (Lekki, Ikate, Phase 1) | ₦152M – ₦212M | +1.8% | +6.4% | Premium family & professional demand |
| Lagos (Ajah, Badore, Sangotedo) | ₦92M – ₦132M | +2.5% | +7.8% | Infrastructure & suburban appeal |
| Lagos (Epe & Ibeju-Lekki) | ₦82M – ₦122M | +2.9% | +8.5% | Family relocation trend |
| Abuja (Maitama, Asokoro) | ₦138M – ₦185M | +1.4% | +5.1% | High-end stability |
| Abuja (Gwarinpa, Lugbe, Kuje) | ₦85M – ₦118M | +2.6% | +7.2% | Strong satellite growth |
| Port Harcourt | ₦75M – ₦102M | +1.6% | +5.6% | Steady oil sector demand |
| Ibadan | ₦62M – ₦88M | +2.7% | +8.3% | Strong spillover from Lagos |
Market Commentary (June 24, 2026)
- Suburban and emerging corridors continue to record the fastest price growth as families and young professionals seek better value and more space.
- Lekki Phase 1 and Ikate remain premium but are growing more moderately.
- Ibadan and Ogun satellite areas are showing strong momentum due to improved connectivity and affordability.
- Overall demand for 3-bedroom units remains solid, supported by gradual mortgage rate improvements.
Key Factors Influencing Prices This Week
- Continued family preference for larger apartments.
- Infrastructure projects boosting suburban corridors.
- Rising construction costs influencing new asking prices.
- Steady investor interest in mid-market buy-to-let properties.
Investment Implications
- 3-bedroom apartments in well-planned suburban estates continue to offer good rental demand and moderate capital appreciation.
- Strongest opportunities are in infrastructure-supported corridors with reliable amenities.
- Investors should prioritize estates with consistent power supply and good security.
Final Thoughts
The 3-bedroom apartment segment remains one of the most active and practical parts of Nigeria’s residential market. While prime locations command higher prices, fast-growing suburban corridors are currently providing the best combination of affordability, demand, and growth potential for both homebuyers and investors.
The trend toward suburban living with modern amenities continues to strengthen.
Would you like us to track any specific city or property type more closely in next week’s report? Let us know in the comments.
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