Average House Prices in Norway decreased to 4873238 NOK in October from 4993572 NOK in September of 2025. This dataset includes a chart with historical data for Norway Average House Prices.

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.

Key information about House Prices Growth

• Norway house prices grew 5.0% YoY in Sep 2025, following an increase of 4.5% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 1993 to Sep 2025, with an average growth rate of -1.5%.
• House price data reached an all-time high of 21.2% in Mar 2000 and a record low of -6.9% in Dec 2008.

Housing Index in Norway decreased to 356.79 points in October from 358.29 points in September 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.

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 Real Residential Property Prices for Norway (QNOR628BIS) from Q1 1970 to Q2 2025 about Norway, residential, HPI, housing, real, price index, indexes, and price.

The price of new Norwegian detached houses increased constantly, reaching about **** thousand Norwegian kroner in 2022. Over the period from 2009 to 2022, the average price per square meter of new detached houses increased a lot. The tendency for used detached houses over the evaluated period was similar and the price per square meter increased every year.  How many buildings are there in Oslo? More and more residential buildings had been built in Oslo over the past decade. **** thousand buildings were reported in 2009, whereas the corresponding figure in 2019 was approximately **** thousand existing residences in the Norwegian capital.  Prices of different dwellings The prices of all types of dwellings increased from 2009 to 2020 in Norway. While detached houses seemed to be the most expensive dwelling type from 2009 to 2011, the figures had changed by 2020 and prices for multi-dwellings had the highest index in the country.

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.

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

The house price to income ratio in Norway amounted to ****** points in the first quarter of 2025. This is lower than the observation from the first quarter one year earlier, when the ratio had been ****** points.

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 average bid price of new housing in Europe was the highest in Luxembourg, at 8,760 euros per square meter. Since there is no central body that collects and tracks transaction activity or house prices across the whole continent or the European Union, only bid prices were considered. House prices have been soaring, with Sweden topping the ranking Considering the RHPI of houses in Europe (the price index in real terms, which measures price changes of single-family properties adjusted for the impact of inflation), however, the picture changes. Sweden, Luxembourg and Norway top this ranking, meaning residential property prices have surged the most in these countries. Real values were calculated using the so-called Personal Consumption Expenditure Deflator (PCE), This PCE uses both consumer prices as well as consumer expenditures, like medical and health care expenses paid by employers. It is meant to show how expensive housing is compared to the way of living in a country. Home ownership highest in Eastern Europe The home ownership rate in Europe varied from country to country. In 2020, roughly half of all homes in Germany were owner-occupied whereas home ownership was at nearly ** percent in Romania or around ** percent in Slovakia and Lithuania. These numbers were considerably higher than in France or Italy, where homeowners made up ** percent and ** percent of their respective populations.For more information on the topic of property in Europe, visit the following pages as a starting point for your research: real estate investments in Europe and residential real estate in Europe.

House price index in Norway, June, 2025 The most recent value is 201.9 index points as of Q2 2025, an increase compared to the previous value of 197.32 index points. Historically, the average for Norway from Q1 1990 to Q2 2025 is 93.46 index points. The minimum of 23.28 index points was recorded in Q1 1993, while the maximum of 201.9 index points was reached in Q2 2025. | TheGlobalEconomy.com

Purpose and brief description The house price index measures the inflation in the residential property market. The house price index reflects price developments for all residential properties purchased by households (apartments, terraced houses, detached houses), regardless of whether they are new or existing. Only market prices are taken into account, so self-build homes are excluded. The price of the land is included in the price of the properties. Population Real estate transactions involving residential properties Periodicity Quarterly. Release calendar Results available 3 months after the reference period Definitions House price index: The house price index measures changes in the prices of new or existing dwellings, regardless of their use or previous owner. Inflation - house price index: Inflation is defined as the ratio between the value of a given quarter and that of the same quarter of the previous year. Weighting - house price index: Weighting based on the national accounts (gross fixed capital formation in housing) and the total number of real estate transactions involving residential properties. Type of dwelling according to the classification set out in Regulation (EU) No 93/2013 on housing price indices. Technical information The house price index measures the price evolution of real estate prices on the market of private property. The index follows price changes of new or existing residential real estate purchased by households, irrespective of their purpose (letting or owner-occupying). Only market prices are taken into account. Houses built by their owners are therefore not included. The price of the building plot is included in the house price. The house price index is based on real estate transaction data from the General Administration of the Patrimonial Documentation of the FPS Finances. The prices used are those included in the deeds of sale. Given the time between the date on which the preliminary sales agreement is signed and the date on which the deed is executed (between three and four months), this index measures the price evolution with a delay compared to the actual date on which the sales price is set. This delay is inherent to the data source. The house price index is calculated by the European Union Member States, Norway and Iceland. Eurostat calculates the index for the Euro area (as well as for the European Union as a whole) using the harmonised indices of the Member States. Given the role of the housing market in the economic and financial crisis of 2008, the house price index was included in the indicators used in the procedure to prevent and correct macroeconomic imbalances in the European Union. The house price index is calculated under the European Regulation 2016/792 on harmonised indices of consumer prices and the house price index and 2023/1470 laying down the methodological and technical specifications as regards the house price index and the owner-occupied housing price index. Data are available from 2005 onward for Belgium as well as for the European Union and the majority of European countries. The house price index can be broken down by new houses and existing houses. The weights of these two items in the overall index are determined by the gross fixed capital formation in houses (for the new houses) and the total value of transactions of the previous year (for the existing houses). Until 2013, the house price index of new houses was roughly estimated based on the output price index in the construction sector. Since 2014, it is also based on real estate transaction data. House price index for existing houses is available per region since 2010. The data have therefore been completely reviewed when the results for the fourth quarter of 2023 were published in March 2024. Since the houses that are put up for sale differ from one quarter to another, the changes in characteristics are processed with hedonic regression models to eliminate price fluctuations due to changes in characteristics of the properties sold. These models aim to estimate the theoretical price based on the characteristics and location of the houses sold. The index is then calculated based on changes in the average prices observed and adjusted by a factor depending on the differences in quality observed between dwellings sold during the different periods.

Norway House Price Index: Trondheim data was reported at 198.700 2005=100 in Dec 2016. This records a decrease from the previous number of 199.600 2005=100 for Sep 2016. Norway House Price Index: Trondheim 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 199.600 2005=100 in Sep 2016 and a record low of 0.000 2005=100 in Dec 2004. Norway House Price Index: Trondheim 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: 386601687

New residential housing price in Oslo were on average *** percent of the national average price in Norway in 2018 and represented the largest difference in average transaction price of new residential properties in the country that year. The corresponding figure for Bergen was *** percent during the evaluated period.

The average price per square meter of used detached houses in Norway in constantly increased over the period from 2009 to 2020. The tendency for new detached houses prices was similar in the evaluated period. As of 2020, the average price per square meter for detached houses amounted at roughly **** thousand Norwegian kronor.

Real residential property prices Y-on-Y, percent change in Norway, June, 2025 The most recent value is 1.67 percent as of Q2 2025, a decline compared to the previous value of 3.54 percent. Historically, the average for Norway from Q1 1993 to Q2 2025 is 4.24 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

Overview with Chart & Report: Norway Housing Price Index (HPI) y/y reflects a change in the average value of residential properties in the given month compared to the same month of the previous year. Information on residential

Overview with Chart & Report: Housing Price Index (HPI) s.a. m/m reflects a seasonally adjusted percentage change in average residential property prices in the reported month compared to the previous month. Information on