Authored by the expert who managed and guided the team behind the Norway Property Pack
Everything you need to know before buying real estate is included in our Norway Property Pack
This article covers the current housing prices in Norway as of the first half of 2026, with all the key figures you need to understand this market.
We constantly update this blog post to reflect the latest available data from official Norwegian sources.
Whether you're an expat, investor, or simply curious about property values in Scandinavia, you'll find everything broken down in simple terms.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Norway.
Insights
- The median home price in Norway sits around NOK 4.5 million in January 2026, which means half of all Norwegian homes sell for less than roughly $442,000.
- Oslo's western neighborhoods like Frogner can cost NOK 120,000 to 140,000 per square meter, while outer eastern areas like Stovner average just NOK 60,000 to 75,000 per square meter.
- Norwegian housing prices have risen about 6% nominally over the past year, but once you adjust for inflation, real growth drops to only 2% to 3%.
- New construction in Norway typically costs around 8% more per square meter than comparable existing homes, driven by modern energy standards and limited new supply.
- Small central apartments in Oslo often have the highest price per square meter because entry-level buyers compete intensely for limited studio and one-bedroom units.
- Bidding wars are common in Norway, and final sale prices often exceed listing prices by 3% on average, sometimes reaching 5% to 10% in hot Oslo neighborhoods.
- Stamp duty in Norway is 2.5% of the property value for freehold homes, adding roughly NOK 125,000 to a NOK 5 million purchase before any other fees.
- Apartments make up about 55% of Norway's residential market, with detached houses at 25% and row houses or semidetached homes accounting for the remaining 20%.
What is the average housing price in Norway in 2026?
The median housing price is more useful than the average in Norway because a small number of expensive homes in Oslo and other prime areas pull the average upward, making the median a better reflection of what most buyers actually pay.
We are writing this as of the first half of 2026, using the latest data collected from authoritative Norwegian sources like Eiendom Norge and Statistics Norway (SSB), which we manually verified for accuracy.
The median housing price in Norway in 2026 is approximately NOK 4,500,000 (around $442,000 or €378,000), while the average housing price sits higher at about NOK 4,850,000 (around $477,000 or €407,000). This gap exists because luxury properties in Oslo's premium districts push the average above what a typical Norwegian home actually costs.
About 80% of residential properties in Norway in 2026 fall within a price range of NOK 2,500,000 to NOK 8,000,000 (roughly $246,000 to $786,000 or €210,000 to €671,000).
A realistic entry-level purchase in Norway in 2026 would cost between NOK 1,900,000 and NOK 2,400,000 (around $187,000 to $236,000 or €160,000 to €201,000), which typically gets you a small existing studio or one-bedroom apartment of 25 to 35 square meters in an outer-city neighborhood or a smaller town.
Luxury properties in Norway in 2026 typically range from NOK 15,000,000 to NOK 40,000,000 (around $1.5 million to $3.9 million or €1.3 million to €3.4 million), which would include a large renovated villa of 180 to 350 square meters in premium Oslo areas like Frogner, Ullern, or Holmenkollen.
By the way, you will find much more detailed price ranges in our property pack covering the real estate market in Norway.
Are Norway property listing prices close to the actual sale price in 2026?
In Norway in 2026, the estimated difference between listing price and final sale price is about +3% on average, meaning homes typically sell above their asking price.
This happens because Norway has a strong bidding culture where multiple buyers compete after viewings, and some sellers intentionally price slightly below market value to attract more interest and trigger bidding wars. The gap varies significantly by location: in prime Oslo apartments it can reach +5% to +10%, while slower markets or hard-to-sell properties may see final prices at 0% to -5% below asking.
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What is the price per sq m or per sq ft for properties in Norway in 2026?
As of early 2026, the typical national average price per square meter in Norway is around NOK 75,000 (approximately $7,370 or €6,300 per square meter), which translates to roughly $685 or €585 per square foot. These figures represent a blend across all property types and regions, though actual prices vary widely depending on location and property characteristics.
Small central apartments in major Norwegian cities tend to have the highest price per square meter because buyers pay a premium for location scarcity and walkability, while larger homes in rural areas or smaller towns have the lowest price per square meter since demand is less intense and the property's value spreads across more space.
In Oslo in 2026, the highest prices per square meter are found in western neighborhoods like Frogner and Ullern, where you can expect NOK 110,000 to NOK 140,000 per square meter. The lowest prices are in outer eastern and southern districts like Stovner, Alna, and Søndre Nordstrand, where prices typically range from NOK 60,000 to NOK 80,000 per square meter.
How have property prices evolved in Norway?
Compared to one year ago, housing prices in Norway have increased by approximately 6% in nominal terms as of the first half of 2026, though real price growth (adjusted for inflation) is closer to 2% to 3%. This growth has been driven mainly by shifting interest rate expectations and persistent supply constraints in major labor markets like Oslo.
Looking back two years to early 2024, Norwegian housing prices have continued their upward trajectory, with cumulative nominal gains estimated around 10% to 12%. The main factors behind this include ongoing undersupply of new construction, steady income growth among Norwegian households, and relatively stable financing conditions despite earlier rate hikes.
By the way, we've written a blog article detailing the latest updates on property price variations in Norway.
Finally, if you want to know whether now is a good time to buy a property there, you can check our pack covering everything there is to know about the housing market in Norway.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Norway versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
What types of homes are available in Norway and how do their prices compare in 2026?
In Norway in 2026, apartments make up about 55% of the residential market, detached houses account for roughly 25%, and row houses or semidetached homes represent the remaining 20%, reflecting the country's urbanization patterns where city dwellers favor apartments while families in suburban areas prefer houses.
The average price for an apartment in Norway in 2026 is around NOK 4,100,000 (approximately $403,000 or €344,000). Row houses and semidetached homes average about NOK 5,200,000 ($511,000 or €436,000), while detached houses are the most expensive at roughly NOK 6,400,000 ($629,000 or €537,000). These figures reflect national averages, and actual prices vary significantly between Oslo and smaller towns.
If you want to know more, you should read our dedicated analyses:
How do property prices compare between existing and new homes in Norway in 2026?
New construction in Norway in 2026 typically costs about 8% more per square meter than comparable existing homes.
This premium exists because new builds come with modern energy efficiency standards, updated building codes, and lower immediate maintenance needs, while limited new supply in high-demand areas means buyers are willing to pay extra for move-in-ready properties.
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How do property prices vary by neighborhood in Norway in 2026?
In Frogner (Oslo's premium inner west), you'll find elegant renovated apartments in classic buildings and high-end townhouses, with prices typically ranging from NOK 9 million to NOK 25 million ($885,000 to $2.5 million or €755,000 to €2.1 million). This area commands top prices because of its walkability, prestigious reputation, and proximity to parks and upscale shops.
Grünerløkka in Oslo's inner east offers smaller apartments in a lively neighborhood known for its cafes, restaurants, and creative scene, with prices ranging from NOK 5 million to NOK 14 million ($492,000 to $1.4 million or €420,000 to €1.2 million). First-time buyers and young professionals compete heavily for units here, which keeps prices elevated despite the smaller unit sizes.
Alna in Oslo's outer east provides more affordable options, with apartments and smaller homes ranging from NOK 3 million to NOK 7 million ($295,000 to $688,000 or €252,000 to €587,000). Prices are lower here because the area is farther from the city center and offers less of the walkable urban lifestyle that drives premiums elsewhere.
You will find a much more detailed analysis by areas in our property pack about Norway. Meanwhile, here is a quick summary table we have made so you can understand how prices change across areas:
| Neighborhood | Character | Price Range (NOK / $) | Per sqm (NOK / $) | Per sqft (NOK / $) |
|---|---|---|---|---|
| Frogner | Premium / Expat | 9M-25M / $885k-$2.5M | 120k-140k / $11.8k-$13.8k | 11.1k-13k / $1.1k-$1.3k |
| Ullern | Premium / Family | 8M-22M / $786k-$2.2M | 110k-135k / $10.8k-$13.3k | 10.2k-12.5k / $1k-$1.2k |
| St. Hanshaugen | Central / Popular | 6M-16M / $590k-$1.6M | 105k-130k / $10.3k-$12.8k | 9.8k-12.1k / $960-$1.2k |
| Grünerløkka | Central / Trendy | 5M-14M / $492k-$1.4M | 100k-125k / $9.8k-$12.3k | 9.3k-11.6k / $910-$1.1k |
| Sagene | Central / Value | 4.5M-12M / $442k-$1.2M | 95k-115k / $9.3k-$11.3k | 8.8k-10.7k / $870-$1.1k |
| Gamle Oslo | Commute / Mixed | 4M-11M / $393k-$1.1M | 90k-115k / $8.8k-$11.3k | 8.4k-10.7k / $820-$1.1k |
| Nordstrand | Family / Coastal | 5M-15M / $492k-$1.5M | 85k-105k / $8.4k-$10.3k | 7.9k-9.8k / $780-$960 |
| Østensjø | Family / Value | 4M-10M / $393k-$983k | 80k-95k / $7.9k-$9.3k | 7.4k-8.8k / $730-$870 |
| Bjerke | Value / Commute | 3.5M-8M / $344k-$786k | 70k-85k / $6.9k-$8.4k | 6.5k-7.9k / $640-$780 |
| Alna | Entry / Value | 3M-7M / $295k-$688k | 65k-80k / $6.4k-$7.9k | 6k-7.4k / $590-$730 |
| Søndre Nordstrand | Entry / Value | 2.8M-6.5M / $275k-$639k | 60k-75k / $5.9k-$7.4k | 5.6k-7k / $550-$690 |
| Stovner | Entry / Value | 2.8M-6.5M / $275k-$639k | 60k-75k / $5.9k-$7.4k | 5.6k-7k / $550-$690 |
How much more do you pay for properties in Norway when you include renovation work, taxes, and fees?
When buying a freehold property in Norway in 2026, you should expect to add roughly 3% to 6% on top of the purchase price for taxes, fees, and basic transaction costs before any renovation work.
For a property priced around $200,000 (approximately NOK 2,030,000), the stamp duty alone would be about NOK 51,000 ($5,000), and with registration fees and small administrative costs, you'd pay roughly NOK 55,000 to NOK 60,000 extra ($5,400 to $5,900). This brings your total to approximately NOK 2,090,000 ($205,500) before any renovation.
For a property at $500,000 (approximately NOK 5,090,000), the stamp duty comes to about NOK 127,000 ($12,500), with total additional costs reaching NOK 135,000 to NOK 155,000 ($13,300 to $15,200). Your all-in cost before renovation would be around NOK 5,230,000 ($514,000).
At the $1,000,000 level (approximately NOK 10,170,000), stamp duty alone is about NOK 254,000 ($25,000), with total fees and taxes adding NOK 265,000 to NOK 305,000 ($26,000 to $30,000). This means you'd be looking at roughly NOK 10,450,000 ($1,027,000) before any renovation expenses.
By the way, we keep updated a blog article detailing the property taxes and fees to factor in the total buying cost in Norway.
Meanwhile, here is a detailed table of the additional expenses you may have to pay when buying a new property in Norway
| Expense | Type | Estimated Cost (NOK / $) |
|---|---|---|
| Stamp Duty (Document Tax) | Tax | 2.5% of the property's registered value. For a NOK 5 million home, this equals NOK 125,000 ($12,300). This tax applies to freehold (selveier) properties but not typically to housing cooperative (borettslag) shares. |
| Registration Fees (Tinglysingsgebyr) | Fee | Typically NOK 500 to NOK 2,500 ($50 to $250) depending on the number of documents registered. These are paid to Kartverket, the Norwegian Mapping Authority, when registering the deed and mortgage. |
| Legal and Administrative Costs | Fee | Usually NOK 5,000 to NOK 15,000 ($490 to $1,475) for conveyancing and document preparation. Many buyers use a real estate agent or lawyer to handle the paperwork, though this is sometimes included in the agent's fee. |
| Light Renovation (paint, floors) | Renovation | Approximately NOK 4,000 to NOK 8,000 per square meter ($390 to $785 per sqm). For a 50 sqm apartment needing cosmetic updates, expect NOK 200,000 to NOK 400,000 ($19,700 to $39,300). |
| Full Renovation (kitchen, bath) | Renovation | Approximately NOK 10,000 to NOK 20,000 per square meter ($985 to $1,965 per sqm). A complete renovation of a 70 sqm apartment could cost NOK 700,000 to NOK 1,400,000 ($69,000 to $138,000). |
We made this infographic to show you how property prices in Norway compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What properties can you buy in Norway in 2026 with different budgets?
With $100,000 (approximately NOK 1,020,000), there is very limited availability in Norway's mainstream housing market since this budget falls below entry-level prices in most areas. You might find a very small unit needing significant renovation in a rural location, but for most practical purposes this budget is too low for a standard Norwegian property purchase.
With $200,000 (approximately NOK 2,030,000), you could purchase a small existing studio apartment of about 25 to 30 square meters in an outer Oslo district like Stovner, a 30 to 40 square meter older apartment in a smaller Norwegian city, or a small renovation project in a less expensive municipality.
With $300,000 (approximately NOK 3,050,000), you could buy a one-bedroom existing apartment of 35 to 50 square meters in an outer Oslo borough like Alna, a decent 50 to 65 square meter apartment in a Bergen or Trondheim commuter zone, or a small older townhouse in a smaller Norwegian city.
With $500,000 (approximately NOK 5,090,000), you could purchase a two-bedroom existing apartment of 60 to 80 square meters in a mid-range Oslo borough like Sagene or Gamle Oslo, a row house of 90 to 130 square meters in a family suburb near a major city, or a detached house of 140 to 200 square meters in smaller-town Norway.
With $1,000,000 (approximately NOK 10,170,000), you could buy a prime Oslo apartment of 80 to 110 square meters in a desirable inner-city location, a large detached family home near major employment hubs, or a high-end townhouse in one of Oslo's premium districts.
With $2,000,000 (approximately NOK 20,350,000), you enter Norway's luxury market where you could purchase a renovated villa in Oslo's prestigious western hillside areas, an architect-designed home with premium finishes in a top neighborhood, or a large penthouse-style apartment in the most sought-after Oslo zones.
If you need a more detailed analysis, we have a blog article detailing what you can buy at different budget levels in Norway.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Norway, we always rely on the strongest methodology we can … and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why It's Authoritative | How We Used It |
|---|---|---|
| Eiendom Norge | Norway's most-cited national housing price report, used by media, finance, and policymakers. | We used Eiendom Norge to anchor the Norway-wide average transaction price and track the market's recent direction. We applied small adjustments to speak as of the first half of 2026. |
| Statistics Norway (SSB) - Price Index | SSB is Norway's official statistics agency, making this index the standard reference for national house price changes. | We used SSB's price index for one-year price change calculations and to frame the broader market cycle. We also referenced their methodology notes for context. |
| SSB PxWeb API - Consumer Price Index | This is SSB's direct API output providing raw official inflation numbers. | We used CPI data to inflation-correct longer-term price comparisons and calculate real versus nominal growth rates. We anchored on the latest available CPI reading from late 2025. |
| Norges Bank - Exchange Rates | Norges Bank is Norway's central bank, providing the cleanest baseline for currency conversion. | We used Norges Bank reference rates to convert NOK prices into USD and EUR for international readers. We stated the exact rate date to ensure conversions are reproducible. |
| Norwegian Tax Administration (Skatteetaten) | Skatteetaten is the official tax authority that sets and explains stamp duty rules. | We used Skatteetaten to quantify purchase costs including the 2.5% stamp duty on freehold properties. We also explained why housing cooperatives can appear cheaper on fees. |
| Norwegian Mapping Authority (Kartverket) | Kartverket is the official registry authority that collects fees and publishes current fee schedules. | We used Kartverket's published fee schedule for registration fees (tinglysingsgebyr). We included these fees in our estimates of total buyer-side costs. |
| Oslo Municipality StatBank | Official municipal statistics bank providing local housing price data at the neighborhood level. | We used Oslo's StatBank to understand how local price differences work across districts. We applied this data for neighborhood-level price ranges and as validation for our estimates. |
| Finn.no Real Estate | Norway's dominant property listing platform where the vast majority of homes are advertised. | We referenced Finn.no listings to validate price ranges and understand what types of properties are available at various budget levels. We cross-checked asking prices against transaction data. |
| DNB Eiendom | One of Norway's largest real estate brokerages with substantial market data. | We used DNB's market reports to supplement our understanding of price trends and regional variations. We validated their findings against official statistics. |
| Norges Bank - Monetary Policy | Norway's central bank sets interest rates and publishes financial stability assessments. | We referenced Norges Bank's analysis to understand how interest rate expectations affect housing demand. We used their stability reports to contextualize price movements. |
| Norwegian Government - Housing Policy | Official government source for housing regulations and policy changes. | We reviewed government housing policies to understand regulatory factors affecting the market. We ensured our tax and fee information aligned with current rules. |
| OBOS | Norway's largest housing cooperative developer with extensive market insight. | We used OBOS data to understand the cooperative housing (borettslag) segment. We referenced their pricing for new construction comparisons. |
| Boligprodusentene | Industry association representing Norwegian housing developers. | We referenced construction cost data and new housing supply statistics from Boligprodusentene. We used this to estimate the new versus existing price premium. |
| Huseierne | Norwegian Homeowners Association representing property owner interests. | We used Huseierne's publications to understand homeownership costs and trends. We validated renovation cost estimates against their guidance. |
| Norwegian Association of Real Estate Agents (NEF) | Professional association for Norwegian real estate agents with market insights. | We referenced NEF data on transaction practices and bidding dynamics. We used their insights to estimate listing-to-sale price differences. |
| Finanstilsynet (Financial Supervisory Authority) | Norway's financial regulator overseeing mortgage lending practices. | We reviewed Finanstilsynet regulations on mortgage lending to understand buyer purchasing power constraints. We considered lending rules in our market analysis. |
| Prognosesenteret | Leading Norwegian construction and real estate research firm. | We used Prognosesenteret forecasts to inform our forward-looking estimates. We validated construction cost and supply data against their research. |
| Byggfakta | Norwegian construction industry database and market intelligence provider. | We referenced Byggfakta for construction activity data and renovation cost benchmarks. We used this to estimate new construction price premiums. |
| Krogsveen | Major Norwegian real estate brokerage with detailed market analysis. | We used Krogsveen's neighborhood-level price reports to validate our Oslo district estimates. We cross-referenced their data with official municipal statistics. |
| Privatmegleren | One of Norway's largest real estate agencies with broad market coverage. | We referenced Privatmegleren market updates for recent transaction trends. We used their local insights to supplement official statistics. |
| Kommunekart | Official Norwegian municipality mapping service with property information. | We used Kommunekart to verify property boundaries and zoning information. We referenced this for understanding local market characteristics. |
| SSB - Building and Housing Statistics | Official statistics on construction, housing stock, and building permits. | We used SSB's building statistics to understand housing supply dynamics. We referenced construction completion data to assess supply constraints. |
| OECD Housing Data | International organization providing comparable housing market statistics across countries. | We used OECD data to contextualize Norwegian housing prices internationally. We referenced their methodology for cross-country affordability comparisons. |
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