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 6.4 million Norwegian kroner. The city above the polar circle, Tromsø ranked second, with housing units costing on average nearly 4.6 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 1.25 million U.S. dollars in the former British colony. Munich ranked second, where the average property price amounted to roughly one million U.S dollars.
Average price of residential housing in Norway in March 2024, by city
(in NOK per property)
Characteristic
Average price per property in NOK
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The source adds the following information: "Average price - the sum of prices of all sold residential properties divided by the number of sold residential properties."
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Eiendom Norge. (April 2, 2024). Average price of residential housing in Norway in March 2024, by city (in NOK per property) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1049493/average-price-residential-property-in-norway-by-city/
Eiendom Norge. "Average price of residential housing in Norway in March 2024, by city (in NOK per property)." Chart. April 2, 2024. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1049493/average-price-residential-property-in-norway-by-city/
Eiendom Norge. (2024). Average price of residential housing in Norway in March 2024, by city (in NOK per property). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1049493/average-price-residential-property-in-norway-by-city/
Eiendom Norge. "Average Price of Residential Housing in Norway in March 2024, by City (in Nok per Property)." Statista, Statista Inc., 2 Apr 2024, https://www.statista.com/statistics/1049493/average-price-residential-property-in-norway-by-city/
Eiendom Norge, Average price of residential housing in Norway in March 2024, by city (in NOK per property) Statista, https://www.statista.com/statistics/1049493/average-price-residential-property-in-norway-by-city/ (last visited August 25, 2024)
Average price of residential housing in Norway in March 2024, by city (in NOK per property) [Graph], Eiendom Norge, April 2, 2024. [Online]. Available: https://www.statista.com/statistics/1049493/average-price-residential-property-in-norway-by-city/