Authored by the expert who managed and guided the team behind the Norway Property Pack
Yes, the analysis of Oslo's property market is included in our pack
Looking to understand housing prices in Oslo right now? You're in the right place.
We've put together a complete breakdown of what properties cost across Oslo's neighborhoods, from budget studios to luxury apartments, with real numbers you can actually use.
This blog post is constantly updated with the freshest data we can find, so the prices you see reflect the Oslo property market as it stands today.
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 Oslo.
Insights
- Oslo housing prices rose about 4.4% in 2025, but after adjusting for Norway's 3% inflation, real gains were closer to 1.4%, meaning buyers didn't lose purchasing power but didn't gain much either.
- The gap between Oslo's cheapest and priciest neighborhoods is massive: Frogner averages around 124,000 NOK per sqm while Søndre Nordstrand sits at just 53,000 NOK, making location the single biggest price driver.
- Closed prices in Oslo typically land about 2% above the listing price because Norway uses an auction-style bidding system after viewings, and popular apartments can go 3% to 8% over asking.
- Around 80% of Oslo's housing market is apartments, so if you're looking for a detached house or villa, expect a much smaller pool of options and significantly higher prices.
- New construction in Oslo commands roughly a 12% premium over existing homes because building activity has been weak and new units come with better energy standards and lower maintenance needs.
- Buying a freehold property in Oslo means paying an extra 2.5% stamp duty plus registration fees, but many co-op units avoid this tax entirely, making them cheaper at the closing table.
- Entry-level Oslo apartments start around 2.2 to 3 million NOK (about $216,000 to $295,000), but you'll need to look at outer boroughs like Stovner or Søndre Nordstrand for these prices.
- Over the past decade, Oslo housing prices have jumped roughly 70% to 85% in nominal terms, driven by population growth, job creation, and limited land in central areas.
What is the average housing price in Oslo in 2026?
The median housing price is more useful than the average because Oslo has many expensive properties that pull the average up, while the median shows what a typical buyer actually pays.
We are writing this as of the first half of 2026 using the latest data from authoritative Norwegian sources, including Eiendom Norge, Nordvik, and Statistics Norway, which we manually verified for accuracy.
The median housing price in Oslo in 2026 is approximately 5.6 million NOK, which converts to around $550,000 or €475,000. The average housing price runs higher at about 6 million NOK, or roughly $590,000 and €508,000, because expensive properties in prime areas push this figure up.
About 80% of Oslo properties on the market fall within a price range of 3.5 million to 9.5 million NOK, or approximately $344,000 to $934,000.
A realistic entry-level purchase in Oslo in 2026 sits between 2.2 million and 3 million NOK ($216,000 to $295,000 or €186,000 to €254,000), which typically gets you a small studio of 20 to 28 sqm in outer boroughs like Stovner or Søndre Nordstrand.
Luxury properties in Oslo in 2026 range from 20 million to 60 million NOK or more ($2 million to $5.9 million, or €1.7 million to €5.1 million), and at this level you can find large 150 to 250 sqm apartments or townhouses in Frogner or St. Hanshaugen, or detached villas in prime West Oslo.
By the way, you will find much more detailed price ranges in our property pack covering the real estate market in Oslo.
Are Oslo property listing prices close to the actual sale price in 2026?
In Oslo, closed sale prices typically end up about 2% higher than the listed asking price on average.
This happens because Norway uses an auction-style bidding process after property viewings, which naturally pushes prices above the guide price when multiple buyers compete. For popular, easy-to-bid-on apartments in central Oslo, final prices often land 3% to 8% above asking, while unique or very expensive properties sometimes sell at or below list price because fewer buyers are competing and pricing is harder to estimate accurately.
Get fresh and reliable information about the market in Oslo
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What is the price per sq m or per sq ft for properties in Oslo in 2026?
As of early 2026, the typical price per sqm in Oslo is around 96,500 NOK, which works out to about $9,490 or €8,180 per sqm. Per square foot, that translates to roughly 8,970 NOK, or about $882 and €760.
Smaller apartments in central, high-demand areas like Frogner, St. Hanshaugen, and Sagene have the highest price per sqm because location premium and walkability drive up values, while larger homes in outer boroughs like Stovner and Søndre Nordstrand have the lowest rates due to longer commutes and weaker demand.
The highest prices per sqm in Oslo in 2026 are found in Frogner (around 110,000 to 140,000 NOK per sqm) and St. Hanshaugen (about 105,000 to 135,000 NOK per sqm), while the lowest are in Søndre Nordstrand (45,000 to 60,000 NOK per sqm) and Stovner (48,000 to 65,000 NOK per sqm).
How have property prices evolved in Oslo?
Compared to one year ago, Oslo housing prices have risen approximately 4.4% in nominal terms, though after adjusting for Norway's 3% inflation rate, real growth was closer to 1.4%. This happened because demand stayed strong in Oslo's core areas while new construction activity remained weak, keeping the resale market tight.
Looking back ten years, Oslo housing prices have increased roughly 70% to 85% in nominal terms, or about 30% to 45% after adjusting for inflation. This long-term growth was driven by Oslo's steady population and job growth combined with limited land availability in central areas, plus Norway's culture of homeownership and historically low interest rates for much of that period.
By the way, we've written a blog article detailing the latest updates on property price variations in Oslo.
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 Oslo.
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.
How do prices vary by housing type in Oslo in 2026?
In Oslo's property market in 2026, apartments make up about 80% of listings, followed by rowhouses at 8%, semi-detached homes at 5%, detached houses at 5%, and loft or special units at 2%, because Oslo is a dense city where most available land has already been developed into multi-unit buildings.
Average prices vary significantly by property type in Oslo as of the first half of 2026. A typical apartment costs around 5.5 million NOK ($541,000 or €466,000), while a townhouse or rowhouse averages about 8.5 million NOK ($835,000 or €720,000). Semi-detached homes run approximately 9.5 million NOK ($934,000 or €805,000), and detached houses or villas average around 12.5 million NOK ($1.23 million or €1.06 million). At the high end, luxury penthouses in prime locations average about 25 million NOK ($2.46 million or €2.12 million), while entry-level small studios start around 2.6 million NOK ($256,000 or €220,000).
If you want to know more, you should read our dedicated analyses:
How do property prices compare between existing and new homes in Oslo in 2026?
New-build properties in Oslo in 2026 typically cost about 12% more per sqm than comparable existing homes in the same area.
This premium exists because new construction offers higher energy efficiency, modern layouts, elevators, and lower immediate maintenance costs, while Oslo's weak building activity in recent years has made new units relatively scarce compared to demand.
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An increasing number of foreign investors are showing interest. However, 90% of them will make mistakes. Avoid the pitfalls with our comprehensive guide.
How do property prices vary by neighborhood in Oslo in 2026?
Frogner is Oslo's most prestigious residential area, where you'll find elegant older apartments and renovated units in historic buildings. Prices here range from about 5 million to 10.6 million NOK ($491,000 to $1.04 million) for typical apartments because of the central location, upscale restaurants, embassies, and excellent transit connections.
Grünerløkka attracts younger professionals and creatives with its trendy cafes, vintage shops, and vibrant nightlife. Apartments here typically cost between 4.1 million and 9.2 million NOK ($403,000 to $904,000), which is lower than Frogner because the buildings tend to be smaller and the area appeals more to first-time buyers than established families.
Stovner and Søndre Nordstrand offer Oslo's most affordable housing options, with prices ranging from 2.1 million to 4.8 million NOK ($206,000 to $472,000). These outer boroughs have longer commute times to the city center and a higher share of older co-op buildings, which keeps prices accessible for budget-conscious buyers.
You will find a much more detailed analysis by areas in our property pack about Oslo. Meanwhile, here is a quick summary table we have made so you can understand how prices change across areas:
| Neighborhood | Character | Avg Price Range (NOK / $) | Per sqm (NOK / $) | Per sqft (NOK / $) |
|---|---|---|---|---|
| Frogner | Luxury, central | 5M - 10.6M / $491k - $1.04M | 110k - 140k / $10.8k - $13.8k | 10.2k - 13k / $948 - $1,280 |
| St. Hanshaugen | Central, popular | 4.7M - 10.4M / $462k - $1.02M | 105k - 135k / $10.3k - $13.3k | 9.8k - 12.5k / $957 - $1,235 |
| Sagene | Central, value | 4.5M - 10M / $442k - $983k | 98k - 132k / $9.6k - $13k | 9.1k - 12.3k / $893 - $1,207 |
| Grünerløkka | Trendy, commute | 4.1M - 9.2M / $403k - $904k | 90k - 121k / $8.8k - $11.9k | 8.4k - 11.2k / $816 - $1,109 |
| Gamle Oslo | Central, mixed | 4M - 9M / $393k - $885k | 89k - 120k / $8.7k - $11.8k | 8.3k - 11.2k / $810 - $1,093 |
| Nordre Aker | Family, green | 4M - 8.9M / $393k - $874k | 88k - 119k / $8.7k - $11.7k | 8.2k - 11.1k / $804 - $1,086 |
| Ullern | Family, west | 3.9M - 8.5M / $383k - $835k | 85k - 115k / $8.4k - $11.3k | 7.9k - 10.7k / $777 - $1,049 |
| Vestre Aker | Family, west | 3.5M - 7.5M / $344k - $737k | 75k - 102k / $7.4k - $10k | 7k - 9.5k / $689 - $933 |
| Nordstrand | Family, coastal | 3.1M - 6.7M / $305k - $659k | 67k - 92k / $6.6k - $9k | 6.2k - 8.6k / $611 - $837 |
| Østensjø | Family, value | 3M - 6.6M / $295k - $649k | 66k - 90k / $6.5k - $8.9k | 6.1k - 8.4k / $603 - $824 |
| Stovner | Entry, budget | 2.2M - 4.8M / $216k - $472k | 48k - 65k / $4.7k - $6.4k | 4.5k - 6k / $437 - $593 |
| Søndre Nordstrand | Entry, budget | 2.1M - 4.5M / $206k - $442k | 45k - 60k / $4.4k - $5.9k | 4.2k - 5.6k / $419 - $547 |
How much more do you pay for properties in Oslo when you include renovation work, taxes, and fees?
When buying a freehold property in Oslo in 2026, expect to add roughly 3% to 3.3% to your purchase price for taxes and fees, or as little as 0.2% to 0.5% for co-op units which often avoid stamp duty.
For a property around $200,000 (about 2 million NOK) in Oslo, you would pay approximately 50,000 NOK ($4,900) in stamp duty plus around 545 NOK for registration, bringing your total closing costs to roughly 50,500 NOK. If you budget for light cosmetic renovation at 5% to 10% of the price, that adds another 100,000 to 200,000 NOK, so your all-in cost could reach 2.25 million NOK or more.
For a property around $500,000 (about 5.1 million NOK), stamp duty comes to approximately 127,500 NOK ($12,500) plus registration fees, totaling around 128,000 NOK in government costs. Adding light renovation would mean another 255,000 to 510,000 NOK, potentially pushing your total investment to 5.7 million NOK or higher.
For a property around $1,000,000 (about 10.2 million NOK), stamp duty alone runs approximately 255,000 NOK ($25,000), and with registration fees your closing costs hit around 256,000 NOK. Renovation at 5% to 10% adds 510,000 to 1 million NOK, bringing the total potential cost to 11.4 million NOK or more.
By the way, we keep updated a blog article detailing the property taxes and fees to factor in the total buying cost in Oslo.
Meanwhile, here is a detailed table of the additional expenses you may have to pay when buying a new property in Oslo
| Expense | Category | Estimated Cost (NOK / $) |
|---|---|---|
| Stamp duty (document tax) | Tax | 2.5% of the property price for freehold (selveier) properties. For example, on a 6 million NOK home, this equals 150,000 NOK or about $14,700. Co-op (borettslag) units are typically exempt from this tax. |
| Deed registration fee | Fee | Fixed at 545 NOK (about $54) for registering the property transfer with the Norwegian Mapping Authority. This is a one-time cost paid at closing. |
| Mortgage registration | Fee | Another 545 NOK (about $54) if you are financing the purchase with a mortgage. This registers your lender's claim on the property. |
| Light cosmetic renovation | Renovation | Typically 5% to 10% of the purchase price for painting, flooring, and minor upgrades. On a 5 million NOK home, expect 250,000 to 500,000 NOK ($24,500 to $49,000). |
| Major renovation (kitchen/bath) | Renovation | Can run 10% to 25% of the property price for full kitchen and bathroom remodels in Oslo, where labor and materials are expensive. This could mean 500,000 to 1.25 million NOK ($49,000 to $123,000) on a 5 million NOK home. |
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 Oslo in 2026 with different budgets?
With $100,000 (about 1 million NOK), there is essentially no mainstream residential market in Oslo, as this budget falls well below even the smallest studios; you might only find parking spaces, storage units, or extremely rare distressed properties at this level.
With $200,000 (about 2 million NOK), you could find a small studio of 20 to 25 sqm in Stovner as an older co-op needing cosmetic updates, a tiny unit of 18 to 22 sqm in Søndre Nordstrand in older stock, or a compact unit in a far-from-metro location that needs work.
With $300,000 (about 3 million NOK), you could buy a studio or small 1-room apartment of 25 to 35 sqm in Stovner as an existing co-op, a small 1-bedroom of 30 to 40 sqm in Alna in an older building, or a compact 1-bedroom of 30 to 38 sqm in Søndre Nordstrand.
With $500,000 (about 5.1 million NOK), options expand to a 1-bedroom apartment of 45 to 55 sqm in Gamle Oslo, a 1-bedroom of similar size in Grünerløkka as an older co-op, or a compact 2-bedroom of 55 to 65 sqm in the family-friendly Østensjø district.
With $1,000,000 (about 10.2 million NOK), you could purchase a 3-bedroom family apartment of 90 to 105 sqm in Nordre Aker, a large 2 to 3 bedroom of 85 to 105 sqm in central Sagene with good finishes, or a rowhouse of 120 to 140 sqm in Østensjø that works well for families.
With $2,000,000 (about 20.4 million NOK), there is definitely a real market in Oslo: you could buy a prime 150 to 180 sqm renovated apartment in prestigious Frogner, a large townhouse or semi-detached home in Ullern or Vestre Aker with high standards, or a smaller detached villa of 160 to 220 sqm in West Oslo that has been recently upgraded.
If you need a more detailed analysis, we have a blog article detailing what you can buy at different budget levels in Oslo.
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 Oslo, 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 |
|---|---|---|
| Norges Bank | Norway's central bank publishes official exchange rates used widely in financial transactions and reporting. | We used their late December 2025 USD/NOK rate (10.17) to convert all prices into dollars. We applied this rate consistently throughout the article for accuracy. |
| Eiendom Norge | The main industry body behind Norway's most recognized monthly housing statistics with transparent methodology. | We used their market context to explain pricing dynamics and the auction-style bidding system. We also verified that the FINN-based dataset is the standard reference for Norwegian housing data. |
| Nordvik Bolig (Oslo) | A major brokerage that transparently uses the Eiendom Norge and FINN dataset with consistent borough-level formatting. | We used their Oslo-wide and borough-specific price-per-sqm figures as our primary benchmark. We also extracted year-over-year change percentages from their statistics pages. |
| Nordvik Bolig (Frogner) | Provides specific data for Oslo's most expensive borough using the same verified Eiendom Norge dataset. | We used their Frogner sqm rates to establish the high end of Oslo's price range. We calculated luxury property estimates by multiplying their rates by typical premium unit sizes. |
| Nordvik Bolig (Stovner) | Offers reliable data for one of Oslo's most affordable boroughs with consistent methodology. | We used Stovner's sqm rates to establish entry-level pricing for Oslo. We calculated budget property examples by combining their rates with typical small unit sizes. |
| Nordvik Bolig (Grünerløkka) | Provides data for one of Oslo's most popular expat and young professional neighborhoods. | We used their statistics to price the mid-range trendy segment of Oslo's market. We included Grünerløkka in our expat neighborhood recommendations based on their price accessibility data. |
| Nordvik Bolig (St. Hanshaugen) | Reliable borough-level data for a popular central Oslo neighborhood using standardized methodology. | We used their price-per-sqm figures to position St. Hanshaugen in our neighborhood comparison. We recommended this area for expats based on its balance of central location and relative value. |
| Nordvik Bolig (Østensjø) | Provides consistent data for a family-oriented Oslo borough at moderate price levels. | We used Østensjø data to illustrate mid-range family housing options. We included rowhouse pricing examples from this borough in our property type breakdowns. |
| Nordvik Bolig (Gamle Oslo) | Covers a central, mixed-use borough with reliable price tracking from the standard dataset. | We used Gamle Oslo figures for our mid-range central apartment pricing examples. We referenced this area in budget scenarios around the $500,000 level. |
| Nordvik Bolig (Nordre Aker) | Reliable data for a popular family and green-space borough in Oslo's north. | We used Nordre Aker data for family apartment pricing in the $1 million budget range. We positioned this borough as a family-friendly option with good transit access. |
| EiendomsMegler 1 | A major national brokerage brand that cites the same underlying Eiendom Norge dataset for transparency. | We used their national statistics to cross-check Oslo-specific trends against broader Norwegian patterns. We verified that our Oslo growth rates aligned with their reported market direction. |
| Statistics Norway (CPI) | Norway's official statistics agency publishes the standard Consumer Price Index used for inflation calculations. | We used their 12-month CPI change (3.0%) to calculate real versus nominal price growth. We applied cumulative CPI data to estimate inflation-adjusted 10-year appreciation. |
| Statistics Norway (Housing Prices) | The official source for historical Norwegian housing price indices going back decades. | We used their long-term housing price series to estimate 10-year nominal appreciation. We combined this with CPI data to calculate real price growth over the decade. |
| Norwegian Tax Administration | The government authority that defines official stamp duty rules and rates for property transactions. | We used their 2.5% stamp duty rate for freehold properties in our closing cost calculations. We noted the exemption for co-op (borettslag) purchases in our fee comparisons. |
| Norwegian Mapping Authority (Kartverket) | The official land registry authority that sets registration fees and processes property transfers. | We used their published registration fee (545 NOK) in our transaction cost tables. We included mortgage registration fees based on their standard fee schedule. |
| E24 / VG | Major Norwegian financial news outlet providing current market exchange rate context. | We used their late 2025 EUR/NOK market level to provide euro conversions. We cross-referenced their reported rates with Norges Bank official figures. |
| FINN.no | Norway's dominant property listing platform that feeds into the Eiendom Norge statistics we cite. | We referenced FINN as the underlying data source for brokered transaction records. We noted that the price statistics we use come from actual completed FINN-listed sales. |
| Eiendomsverdi | A property valuation service that contributes to the Eiendom Norge statistical methodology. | We acknowledged their role in the three-way dataset (Eiendom Norge + FINN + Eiendomsverdi). We relied on the integrated statistics rather than Eiendomsverdi data directly. |
| Huseierne (Homeowners Association) | Norway's largest homeowner advocacy organization with expertise in buyer costs and ownership issues. | We referenced their general guidance on transaction costs and ownership structures. We verified co-op versus freehold fee differences against their member resources. |
| Norwegian Association of Real Estate Agents | The professional body for Norwegian real estate agents with market expertise. | We used their industry context to understand the broker-mediated auction system. We referenced their market observations when explaining why closed prices exceed list prices. |
| Norwegian Directorate of Immigration (UDI) | Official government source for information on residency and property ownership rules for foreigners. | We verified that there are no major restrictions on foreign property ownership in Norway. We confirmed this context for expat buyers considering Oslo purchases. |
| Oslo Municipality | The official local government source for Oslo-specific regulations and neighborhood information. | We used their borough (bydel) definitions to ensure our neighborhood breakdown matched official boundaries. We referenced their planning context for understanding housing supply constraints. |
| Finanstilsynet (Financial Supervisory Authority) | Norway's financial regulator that oversees mortgage lending rules affecting housing demand. | We referenced their lending regulations as context for why price growth has moderated. We noted that mortgage rules influence buyer purchasing power in the Oslo market. |
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