Housing market report: September 2026
What happened in the Estonian housing market last month: sales, prices, loans and wages on one page.
Key figures
- On the month +13%, on the year −2.9%
- Apartment sales in September
- 2,108
- On the month −3.2%, on the year −2.0%
- Average apartment price per m² in Estonia
- € 2,234 / m²
- € 1,503 / m², on the year +16%
- House sales (residential plot with a house)
- 263
- A year earlier 3.80%, 6-month Euribor 2.92%
- Average rate on new home loans, September
- 4.45%
Apartment sales per month, Estonia
Show the numbers as a table
| Sep 2026 | 2,108 |
|---|---|
| Aug 2026 | 1,865 |
| Jul 2026 | 1,996 |
| Jun 2026 | 1,787 |
| May 2026 | 1,729 |
| Apr 2026 | 1,867 |
| Mar 2026 | 1,934 |
| Feb 2026 | 1,565 |
| Jan 2026 | 1,491 |
| Dec 2025 | 1,754 |
| Nov 2025 | 1,666 |
| Oct 2025 | 2,013 |
| Sep 2025 | 2,171 |
| Aug 2025 | 1,910 |
| Jul 2025 | 2,017 |
| Jun 2025 | 1,899 |
| May 2025 | 1,931 |
| Apr 2025 | 1,888 |
| Mar 2025 | 1,754 |
| Feb 2025 | 1,633 |
| Jan 2025 | 1,662 |
| Dec 2024 | 1,867 |
| Nov 2024 | 1,932 |
| Oct 2024 | 2,093 |
Average apartment price per m², Estonia
Cities and municipalities
Apartments, the twelve municipalities with the most sales. The year median covers the last 12 months, the change compares it with the 12 months before.
| City or municipality | Sales, September | Month median, € / m² | 12-month median, € / m² | On the year | Sales in 12 months |
|---|---|---|---|---|---|
| Tallinn | 815 | € 2,980 | € 2,920 | +2.4% | 8,828 |
| Tartu | 182 | € 2,680 | € 2,470 | +2.2% | 1,825 |
| Pärnu | 66 | € 1,860 | € 2,000 | −2.3% | 868 |
| Narva | 80 | € 360 | € 400 | −4.9% | 788 |
| Kohtla-Järve | 108 | € 150 | € 150 | +3.8% | 779 |
| Rae vald | 43 | € 2,940 | € 3,250 | +3.6% | 556 |
| Saue vald | 29 | € 2,760 | € 2,660 | +1.0% | 396 |
| Tartu vald | 44 | € 2,990 | € 2,890 | +12% | 384 |
| Kambja vald | 24 | € 2,670 | € 2,620 | +9.1% | 293 |
| Viimsi vald | 37 | € 3,160 | € 2,980 | +3.1% | 268 |
| Jõhvi vald | 35 | € 410 | € 440 | −1.0% | 266 |
| Rakvere | 17 | € 1,110 | € 1,250 | +0.8% | 253 |
Tallinn: where prices rose and fell
Median apartment price per m² over the last 12 months against the 12 before. Districts with at least 50 sales in the year.
Tartu: where prices rose and fell
Median apartment price per m² over the last 12 months against the 12 before. Districts with at least 50 sales in the year.
- Ülejõe +18% · € 3,100
- Jaamamõisa +8.5% · € 2,560
- Annelinn +8.2% · € 1,950
- Ränilinn +3.6% · € 3,050
- Karlova +1.7% · € 2,930
- Raadi-Kruusamäe +0.8% · € 2,320
- Veeriku −1.3% · € 2,240
- Kesklinn −2.3% · € 3,160
- Vaksali −7.9% · € 2,620
- Tammelinn −11% · € 2,690
Can people afford a home?
A typical two-room flat is a 41–55 m² apartment. Payment: a loan of 85 % of the price over 30 years at 4.45%. Wage: the city's median wage in 2025.
| City | Net wage a month | Two-room flat | Years of wages | Payment now | A year ago | One wage buys | Two wages buy |
|---|---|---|---|---|---|---|---|
| Tallinn | € 1,658gross € 2,000 | € 130,000 | 6.5 | € 55734% of net wage | € 509 | 53 m² | 106 m² |
| Tartu | € 1,569gross € 1,882 | € 110,000 | 5.8 | € 47130% of net wage | € 416 | 59 m² | 119 m² |
| Pärnu | € 1,244gross € 1,450 | € 96,500 | 6.5 | € 41333% of net wage | € 396 | 58 m² | 116 m² |
| Viljandi | € 1,315gross € 1,544 | € 65,000 | 4.1 | € 27821% of net wage | € 250 | 93 m² | 187 m² |
| Rakvere | € 1,252gross € 1,460 | € 56,000 | 3.7 | € 24019% of net wage | € 234 | 94 m² | 187 m² |
| Narva | € 1,078gross € 1,229 | € 20,000 | 1.5 | € 868% of net wage | € 79 | 200+ m² | 200+ m² |
| Kohtla-Järve | € 1,211gross € 1,406 | € 7,000 | 0.5 | € 302% of net wage | € 28 | 200+ m² | 200+ m² |
Net wage, payment and m² are indicative: a 15 % deposit and no other loans. Only cities are listed.
Home loan rate and Euribor
- Average rate on new home loans in Estonia
- 6-month Euribor
Sources
Sources: Land Board (Maa- ja Ruumiamet), Eesti Pank, Statistics Estonia. Calculations: Siia.