Market Update
02 Oct 2024
If you’re thinking about selling a home in Lancaster, Morecambe, Heysham, Carnforth or the wider LA postcode area, you’ve probably noticed mixed messages about the housing market. To cut through the noise, we analysed every property listed locally in 2025 and 2026 and tracked which of those homes went on to be marked Sold Subject to Contract (SSTC) or Under Offer within the same year.
This shows real buyer commitment, not asking prices or legal completions.
Fewer homes are going Under Offer in 2026 compared to 2025
Buyer demand hasn’t disappeared — it’s become more selective.
When homes do attract an offer, it usually happens quickly
Location, property type, size and price now matter more than ever
This is no longer a market where everything sells eventually.
Traditional family homes (terraced and semi-detached) still perform best in 2026, but only around one in five go under offer. Bungalows lag at under 12% and detached homes and flats languish in the low tens of percent. For context, in 2025 almost half of semi-detached, terraced, and bungalow homes went Under Offer, showing how demand has cooled significantly.
| Property Type | Conversion | Avg. Days to Offer |
| Terraced houses | 21.4% | 23.7 |
| Semi-detached houses | 20.4% | 23.7 |
| Bungalows | 11.9% | 19.4 |
| Detached houses | 10.4% | 20.0 |
| Flats / Apartments | 10.1% | 24.9 |
2 and 3-bed properties account for the lion’s share of local instructions. In 2025, almost half of those homes went Under Offer within the year; in 2026 that proportion more than halves, to around 18% for 2-beds and 16% for 3-beds. Other bands also cool dramatically: 1-bed to 11.5%, and 5+ beds to a single-digit 8.3%. The drop in conversion is accompanied by a speed-up in the deal pace: average days to offer falls into the teens or twenties this year.
| Bedrooms | Conversion | Avg. Days to Offer |
| 2-bed | 18.1% | 24.2 |
| 3-bed | 16.4% | 23.2 |
| 4-bed | 14.1% | 22.7 |
| 1-bed | 11.5% | 15.7 |
| 5+ beds | 8.3% | 20.4 |
| Other | 11.1% | 37.0 |
Mid-range homes (£150k–£250k) remain the strongest performers in 2026 at around 20% conversion, while the budget band (<£150k) holds at about 17%. The £250k–£350k cohort sits in the middle at 16%. By contrast, the mid-upper (£350k–£500k) and premium (£500k+) ranges plunge into the single digits: 7.7% and 8% respectively, indicating that the top end of the market is particularly selective this year.
| Price Range | Conversion | Avg Days to Offer |
| £150k–£250k | 19.6% | 24.4 |
| Under £150k | 16.6% | 24.8 |
| £250k–£350k | 16.0% | 21.6 |
| £350k–£500k | 7.7% | 20.5 |
| £500k+ | 8.0% | 17.2 |
Buyer demand still exists, but fewer listings are converting than in 2025. Homes that do sell often go Under Offer quickly. Mid-priced, mid-sized family homes perform best, while larger, higher-value homes are more exposed. Pricing accuracy, property type and local demand matter more than ever.
Overall market (2026)
| Metric | Value |
| Properties listed | 1,130 |
| SSTC / Under Offer | 178 |
| Conversion rate | 15.8% |
| Avg. days to offer | 23.4 |
| Type | Listings | SSTC | Conversion |
| Terraced | 304 | 65 | 21.4% |
| Semi-detached | 269 | 55 | 20.4% |
| Bungalow | 135 | 16 | 11.9% |
| Detached | 201 | 21 | 10.4% |
| Flat / Apartment | 149 | 15 | 10.1% |
| Commercial | 24 | 2 | 8.3% |
| Unspecified Houses | 22 | 1 | 4.5% |
| Garage / Parking | 1 | 0 | 0.0% |
| Mobile / Park Home | 19 | 0 | 0.0% |
| Retirement Property | 2 | 1 | 50.0% |
| Land | 4 | 2 | 50.0% |
| Beds | Listings | SSTC | Conversion |
| 2 | 343 | 62 | 18.1% |
| 3 | 464 | 76 | 16.4% |
| 4 | 184 | 26 | 14.1% |
| 1 | 52 | 6 | 11.5% |
| 5+ | 60 | 5 | 8.3% |
| 0 | 27 | 3 | 11.1% |
| Price | Listings | SSTC | Conversion |
| Under £150k | 217 | 36 | 16.6% |
| £150k–£250k | 438 | 86 | 19.6% |
| £250k–£350k | 231 | 37 | 16.0% |
| £350k–£500k | 169 | 13 | 7.7% |
| £500k+ | 75 | 6 | 8.0% |
Data Disclaimer
The data presented in this article has been sourced from Rightmove.co.uk via the Rightmove Plus platform. All figures are based on properties listed for sale within the relevant postcode sectors during the 2025 and 2026 calendar years.
Properties marked as “Sold” refer to listings recorded as Sold Subject to Contract (SSTC) or Under Offer, and do not represent legally completed property transactions.
Listings have been matched using unique Rightmove property identifiers to determine whether a property instructed within a given year subsequently reached SSTC or Under Offer status within the same calendar year.
While every effort has been made to ensure the accuracy of the analysis, the data reflects market conditions at the time of extraction and may be subject to change. Property performance may vary based on pricing strategy, marketing approach, property condition, and other factors not captured within this dataset.
This information is provided for general guidance only and should not be relied upon as financial or property investment advice.