Average House Prices in Norway increased to 4954306 NOK in August from 4269904 NOK in July of 2025. This dataset includes a chart with historical data for Norway Average House Prices.

The house prices of all house types in Norway increased steadily between 2009 and 2022, followed by a slight decline in 2023. Unlike houses, prices for multi-dwellings did not fall in 2023. Multi-dwelling were also the property type that experienced the strongest growth. At ***** index points, the index for multi-dwelling properties suggests an increase of ** percent since 2015 - the baseline year. How much did Norwegians pay for dwellings in 2021? Oslo appeared to be the most expensive city by dwelling prices that year, followed by Tromsø and Bergen.  Number of residential buildings The number of residential buildings in Norway constantly increased during the past decade, peaking in 2023. There were nearly *** million residences in the country. That was an increase of over 100 thousand units, compared to 2010. More than half of Norwegians lived in detached houses The share of residents by housing type was distributed unevenly in Norway in 2023. Approximately ** percent of Norwegian citizens lived in detached houses, whereas ** percent lived in multi-dwelling buildings. The least common housing type was houses with two dwellings that year.

Graph and download economic data for Residential Property Prices for Norway (QNON628BIS) from Q1 1970 to Q1 2025 about Norway, residential, HPI, housing, price index, indexes, and price.

Housing Index in Norway increased to 360.54 points in August from 354.42 points in July of 2025. This dataset provides the latest reported value for - Norway House Price Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about House Prices Growth

• Norway house prices grew 4.8% YoY in Dec 2024, following an increase of 3.3% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 1993 to Dec 2024, with an average growth rate of 7.0%.
• House price data reached an all-time high of 21.2% in Mar 2000 and a record low of -6.9% in Dec 2008.

Oslo was the Norwegian city with the most expensive apartments and houses in 2024. In March that year, the average price per residential property in the Norwegian capital was approximately *** million Norwegian kroner. The city above the polar circle, Tromsø ranked second, with housing units costing on average nearly *** million Norwegian kroner. In 2019, there were over nine thousand dwellings sold in Norway. Housing types The largest share of Norwegian residential housing units in 2023 were detached houses, accounting for nearly half of the total housing market in the country. Moreover, a quarter of all occupied and vacant dwellings that year were blocks of flats and over one fifth were houses with two dwellings or row houses. Where are properties the most expensive? Within selected global property markets, Hong Kong had the most expensive housing prices in 2020. An average property would cost roughly **** million U.S. dollars in the former British colony. Munich ranked second, where the average property price amounted to roughly *********** U.S dollars.

House prices in Norway fell by *** percent and, according to the forecast, are expected to continue to fall until 2024. In 2023, properties were forecast to experience a decline in prices of ** percent. In 2025, growth is projected to recover, rising to **** percent.

Oslo was the Norwegian city with the highest average price per square meter for residential property in March 2024. The prices in the Norwegian capital reached over ****** Norwegian kroner per square meter. The country's average that year was around ****** Norwegian kroner.

The house price index of Norway decreased sharply in the second half of 2021 and 2022, after rising in the previous year. In the first quarter of 2023, house prices decreased nominally for the first time since 2017. When accounting for inflation, the decrease was about *** percent.

House Price Index MoM in Norway increased to 0.60 percent in August from 0.20 percent in July of 2025. This dataset includes a chart with historical data for Norway House Price Index MoM.

Norway House Price Index: Stavanger: Detached Houses data was reported at 198.200 2005=100 in Dec 2016. This records an increase from the previous number of 188.700 2005=100 for Sep 2016. Norway House Price Index: Stavanger: Detached Houses data is updated quarterly, averaging 0.000 2005=100 from Mar 1992 (Median) to Dec 2016, with 100 observations. The data reached an all-time high of 216.800 2005=100 in Jun 2013 and a record low of 0.000 2005=100 in Dec 2004. Norway House Price Index: Stavanger: Detached Houses data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.EB006: House Price Index: 2005=100. Rebased from 2005=100 to 2015=100 Replacement series ID: 386601617

Residential Property Prices in Norway increased 6.49 percent in March of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Norway Residential Property Prices.

The house price index in Norway has increased since the first quarter of 2016, when it was at 102.86 index points. It had reached 149.75 index points in the first quarter of 2024.

Norway House Price Index: Hedmark and Oppland: Detached Houses data was reported at 170.600 2005=100 in Dec 2016. This records a decrease from the previous number of 178.000 2005=100 for Sep 2016. Norway House Price Index: Hedmark and Oppland: Detached Houses data is updated quarterly, averaging 0.000 2005=100 from Mar 1992 (Median) to Dec 2016, with 100 observations. The data reached an all-time high of 178.000 2005=100 in Sep 2016 and a record low of 0.000 2005=100 in Dec 2004. Norway House Price Index: Hedmark and Oppland: Detached Houses data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.EB006: House Price Index: 2005=100. Rebased from 2005=100 to 2015=100 Replacement series ID: 386601817

The house price ratio in Norway fluctuated between 2012 and 2024. The ratio measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. Norway's index score in the first quarter of 2024 amounted to ***, which means that house price growth had outpaced income growth by ** percent since 2015. This was lower than the average house price to income ratio in the Euro area 16.

House Price Index YoY in Norway increased to 5.50 percent in August from 5.40 percent in July of 2025. This dataset includes a chart with historical data for Norway House Price Index YoY.

Norway House Price Index: Oslo and Baerum: Houses data was reported at 158.600 2000=100 in Dec 2008. This records a decrease from the previous number of 169.700 2000=100 for Sep 2008. Norway House Price Index: Oslo and Baerum: Houses data is updated quarterly, averaging 99.300 2000=100 from Mar 1992 (Median) to Dec 2008, with 68 observations. The data reached an all-time high of 179.200 2000=100 in Jun 2007 and a record low of 33.800 2000=100 in Mar 1993. Norway House Price Index: Oslo and Baerum: Houses data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.EB008: House Price Index: 2000=100.

House price index in Norway, March, 2025 The most recent value is 197.32 index points as of Q1 2025, an increase compared to the previous value of 186.99 index points. Historically, the average for Norway from Q1 1990 to Q1 2025 is 92.69 index points. The minimum of 23.28 index points was recorded in Q1 1993, while the maximum of 197.32 index points was reached in Q1 2025. | TheGlobalEconomy.com

House prices in Tromsø, Norway, fluctuated between 2018 and 2024. In March 2024, house prices rose by *** percent on an annual basis, after increasing by *** percent in 2023.

Real residential property prices Y-on-Y, percent change in Norway, March, 2025 The most recent value is 3.54 percent as of Q1 2025, an increase compared to the previous value of 2.4 percent. Historically, the average for Norway from Q1 1993 to Q1 2025 is 4.26 percent. The minimum of -10.11 percent was recorded in Q4 2008, while the maximum of 17.78 percent was reached in Q1 2000. | TheGlobalEconomy.com