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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

This statistic shows the average property prices in Norway in 2016, by county. In 2016, the average price for a property in the Norwegian county Troms was 34,008 Norwegian krone per square meter.

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: 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 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 - Residential property price index, all dwellings, whole country

Norway NO: Price to Income Ratio: sa data was reported at 109.547 2015=100 in Mar 2025. This records an increase from the previous number of 108.324 2015=100 for Dec 2024. Norway NO: Price to Income Ratio: sa data is updated quarterly, averaging 81.128 2015=100 from Mar 1978 (Median) to Mar 2025, with 189 observations. The data reached an all-time high of 117.142 2015=100 in Mar 2022 and a record low of 50.333 2015=100 in Mar 1993. Norway NO: Price to Income Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Norway – Table NO.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Quarterly. Nominal house prices divided by nominal disposable income per head. Net household disposable income is used. The population data come from the OECD national accounts database.

House prices in Oslo, Norway, fluctuated between 2018 and 2024. In March 2024, house prices increased for the second year in a row, by *** percent on an annual basis.

The Scandinavian real estate market, encompassing countries like Sweden, Norway, Denmark, and Finland, exhibits robust growth potential, fueled by a confluence of factors. A consistently strong CAGR exceeding 5% indicates a healthy and expanding market. Key drivers include increasing urbanization, a growing population, particularly in major cities like Stockholm, Oslo, and Copenhagen, and a rising demand for both residential and commercial properties. The market is segmented into villas and landed houses, catering to affluent buyers seeking larger spaces and more privacy, and apartments and condominiums, which represent a more significant portion of the market due to higher population density in urban centers and appeal to a wider range of buyers. Furthermore, government initiatives aimed at improving infrastructure and boosting sustainable housing contribute positively to market expansion. While fluctuating interest rates and potential economic downturns pose challenges, the Scandinavian region's strong economic fundamentals and consistently high demand suggest sustained growth in the medium to long term. Specific market segments like luxury properties and sustainable building designs are experiencing accelerated growth. The presence of established and well-regarded players, including Riksbyggen, Balder, and others, underscores the market's maturity and competitiveness. The strong performance of the Scandinavian economies, coupled with a focus on quality of life and attractive urban landscapes, further enhances the appeal of the region's real estate sector, ensuring sustained growth prospects for the coming years. The regional distribution of this growth is varied. While the Nordics dominate the market currently, other European regions may experience increased investment due to spillover effects and cross-border investments. International investors are actively participating, drawn by the stable political climate, transparent regulatory frameworks, and potential for long-term appreciation. However, challenges exist in the form of rising construction costs and limited land availability in prime urban areas. These constraints, while present, are unlikely to significantly impede the overall market growth trajectory, given the underlying demand and continued governmental support for the sector. Looking ahead, the Scandinavian real estate market is positioned for continued expansion, driven by demographic trends, economic stability, and ongoing efforts to create attractive and sustainable living environments. The diverse range of property types and significant involvement of major players suggest a robust and resilient market poised for further growth in the years to come. Recent developments include: April 2022: Trivselhus developed a new product called Stella 131. Stella 131 is a well-planned house that fits perfectly on narrower plots as the entrance is located on the gable. Exits for four directions make the house easy to place on the plot and provide the opportunity to create several patios for both sun and shade. The slightly elevated wall life on the façade allows for space for an awning or pergola., April 2022: The Lindbacks has signed an agreement with K-fast, Eskilstuna's municipal properties. The agreement includes building of 86 rental apartments in three wooden buildings with geothermal heating and solar cells. . Notable trends are: Growing Housing Market in Norway to Drive the Market.