Current Cost Of Buying And Selling Land In Ibadan, Oyo State (Updated Prices, 2025)
Ibadan, the capital of Oyo State, has become one of Nigeria’s fastest-growing cities in terms of real estate development. Known for its affordability compared to Lagos and Abuja, Ibadan attracts real estate investors, business owners, and individuals looking to own property. With expanding infrastructure, growing business districts, and government-backed development projects, land prices in Ibadan have been steadily rising.
If you’re planning to buy or sell land in Ibadan in 2025, this guide will provide you with the latest land prices, key factors affecting land value, and expert tips to help you make informed decisions.
Why Invest in Land in Ibadan?
Ibadan has long been a prime location for land investments. Here’s why:
1. Affordability Compared to Major Cities
Land in Ibadan is cheaper than in Lagos, Abuja, and Port Harcourt while offering similar investment potential.
2. Strategic Location
Ibadan serves as a gateway between Lagos and the northern parts of Nigeria, making it an ideal spot for commercial and residential development.
3. Rapid Development and Infrastructure Growth
- The Lagos-Ibadan Expressway upgrade has increased demand for properties near the expressway.
- The Ibadan Dry Port project is set to boost commercial activities.
- Expanding road networks make land more accessible.
4. Home to Major Institutions
Ibadan is home to the University of Ibadan, The Polytechnic Ibadan, Lead City University, and several research institutions, increasing housing demand.
Factors Affecting Land Prices in Ibadan
Land prices in Ibadan are influenced by various factors:
1. Location
Prime locations are more expensive than developing areas.
- Expensive Areas: Agodi, Bodija, Jericho, Alalubosa, Ring Road.
- Moderately Priced Areas: Akobo, Apata, Eleyele, Oluyole Estate, Moniya.
- Affordable Areas: Omi-Adio, Apete, Ajibode, Ibadan-Oyo Road.
2. Land Documentation
- Lands with Certificate of Occupancy (C of O) are more expensive.
- Untitled lands are cheaper but may require additional processing.
3. Accessibility and Infrastructure
- Areas with good roads, electricity, and water supply have higher land prices.
- Proximity to commercial hubs and government projects increases value.
Current Land Prices in Ibadan (2025 Update)
1. Prime Commercial Land Prices
These areas are suitable for businesses, office spaces, and industries.
|
Location |
Average Price per Plot (₦) |
Price Range (₦) |
|
Agodi GRA |
70,000,000 |
50,000,000 – 150,000,000 |
|
Bodija |
50,000,000 |
30,000,000 – 80,000,000 |
|
Ring Road |
45,000,000 |
30,000,000 – 70,000,000 |
|
Jericho |
60,000,000 |
40,000,000 – 100,000,000 |
(Prime areas are expensive due to commercial activities and high land demand.)
2. Residential Land Prices
These areas are ideal for building homes and estates.
|
Location |
Average Price per Plot (₦) |
Price Range (₦) |
|
Akobo |
4,000,000 |
3,000,000 – 6,000,000 |
|
Oluyole Estate |
8,000,000 |
5,000,000 – 12,000,000 |
|
Apata |
3,500,000 |
2,500,000 – 5,000,000 |
|
Moniya |
1,500,000 |
1,000,000 – 2,500,000 |
|
Omi-Adio |
600,000 |
400,000 – 1,200,000 |
(Developing areas offer cheaper land, making them great for long-term investments.)
3. Agricultural Land Prices
For farming and agro-based businesses, farmlands on the outskirts of Ibadan are affordable.
|
Location |
Average Price per Plot (₦) |
|
Ibadan-Oyo Road |
700,000 – 1,500,000 |
|
Ajibode |
397,000 – 2,200,000 |
|
Omi-Adio |
500,000 – 1,000,000 |
How to Buy Land in Ibadan
Thinking of buying land in Ibadan? Follow these steps to avoid scams and ensure a legal purchase:
Step 1: Identify Your Purpose
- Do you want residential, commercial, or agricultural land?
Step 2: Set Your Budget
- Consider land price, survey, documentation, and development costs.
Step 3: Verify Ownership and Land Title
- Conduct a land search at the Oyo State Lands Bureau.
- Check for C of O, Governor’s Consent, or Registered Deed of Assignment.
Step 4: Negotiate and Make Payment
- Ensure all payments are made through the bank for proper records.
- Obtain a Deed of Assignment and a Receipt.
Step 5: Register Your Land
- Process the land documentation at the Oyo State Ministry of Lands and Urban Development.
How to Sell Land in Ibadan
If you own land in Ibadan and want to sell, here’s how to get the best deal:
Step 1: Determine the Market Value
- Compare prices of similar land in the area.
- Get a professional land valuation if needed.
Step 2: Ensure Your Land Has Proper Documents
- A C of O or Registered Survey Plan increases the land’s value.
Step 3: List Your Land for Sale
- Work with trusted real estate agents.
- List on property websites like PropertyPro, Jiji, or Nigeria Property Centre.
Step 4: Negotiate and Finalize the Sale
- Use a lawyer to draft a Sales Agreement.
- Complete ownership transfer at the Oyo State Land Registry.
Frequently Asked Questions (FAQs)
1. What is the cheapest area to buy land in Ibadan?
- Omi-Adio, Moniya, Ajibode, and Ibadan-Oyo Road have land prices starting from ₦400,000 per plot.
2. How can I verify if land is genuine?
- Conduct a land search at the Oyo State Lands Bureau.
3. Can I buy land in Ibadan without a lawyer?
- No, always involve a real estate lawyer to avoid scams.
4. How long does it take to register land in Ibadan?
- It can take a few weeks to several months, depending on document processing.
5. Is Ibadan a good place for real estate investment?
- Yes! With rapid development, good infrastructure, and lower land prices, Ibadan is a top investment location.
Final Thoughts
Ibadan’s real estate market offers fantastic opportunities for buyers, sellers, and investors. Whether you are looking to buy land for residential, commercial, or agricultural purposes, staying informed about current prices and legal processes will help you make smart investment decisions.
If you’re ready to invest, start your property search today and secure prime land in Ibadan at the best price!
