Average House Prices in Norway decreased to 4943130 NOK in June from 5112498 NOK in May of 2025. This dataset includes a chart with historical data for Norway Average House Prices.

Graph and download economic data for Residential Property Prices for Norway (QNON628BIS) from Q1 1970 to Q4 2024 about Norway, residential, HPI, housing, price index, indexes, and price.

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 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.

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

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.

Housing Index in Norway decreased to 357.91 points in June from 359.10 points in May 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.

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.

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 YoY in Norway decreased to 5.10 percent in June from 5.20 percent in May of 2025. This dataset includes a chart with historical data for Norway House Price Index YoY.

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.

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

House Price Index MoM in Norway increased to 0.30 percent in June from 0 percent in May of 2025. This dataset includes a chart with historical data for Norway House Price Index MoM.

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.

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.

Norway: Housing and utilities price index, world average = 100: The latest value from 2021 is 178.67 index points, a decline from 211.697 index points in 2017. In comparison, the world average is 77.639 index points, based on data from 165 countries. Historically, the average for Norway from 2017 to 2021 is 195.184 index points. The minimum value, 178.67 index points, was reached in 2021 while the maximum of 211.697 index points was recorded in 2017.

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 Trondheim, Norway, rose year-on-year since 2019, except for 2021, when they declined by *** percent. In March 2026, house prices rose *** percent.

Real residential property prices Y-on-Y, percent change in Norway, December, 2024 The most recent value is 2.4 percent as of Q4 2024, an increase compared to the previous value of 0.45 percent. Historically, the average for Norway from Q1 1993 to Q4 2024 is 4.27 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