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.

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.

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.

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.

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.

House Price Index YoY in Norway increased to 5.80 percent in October from 5.50 percent in September of 2025. This dataset includes a chart with historical data for Norway House Price Index YoY.

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.

House Price Index MoM in Norway increased to 0.60 percent in October from 0.40 percent in September 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

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.

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.

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

Residential Property Prices in Norway increased 4.54 percent in June of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Norway Residential Property Prices.

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

Monthly dataset of the Norway - Existing House Price Index, including historical data, latest releases, and long-term trends from 2015-09-30 to 2025-10-31. Available for free download in CSV format.

Norway House Price Index: Houses data was reported at 163.700 2000=100 in Dec 2008. This records a decrease from the previous number of 176.400 2000=100 for Sep 2008. Norway House Price Index: Houses data is updated quarterly, averaging 100.100 2000=100 from Mar 1992 (Median) to Dec 2008, with 68 observations. The data reached an all-time high of 182.800 2000=100 in Mar 2008 and a record low of 42.500 2000=100 in Mar 1993. Norway House Price Index: 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. Rebased from 2000=100 to 2005=100 Replacement series ID: 217254402

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.

Norway House Price Index: Stavanger, Bergen Og Trondheim: Multi Dwelling data was reported at 195.000 2000=100 in Dec 2008. This records a decrease from the previous number of 210.500 2000=100 for Sep 2008. Norway House Price Index: Stavanger, Bergen Og Trondheim: Multi Dwelling data is updated quarterly, averaging 99.900 2000=100 from Mar 1992 (Median) to Dec 2008, with 68 observations. The data reached an all-time high of 231.100 2000=100 in Mar 2007 and a record low of 38.100 2000=100 in Mar 1993. Norway House Price Index: Stavanger, Bergen Og Trondheim: Multi Dwelling 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.