In 2025, house prices rose by 5 percent in Norway.

The average price of a home in Norway was NOK 4,420,795 at the end of December.

- House prices fell by 1 percent in December, which resulted in unchanged seasonally adjusted prices. With December over, this means that house prices in Norway rose by 5 percent in 2025, but there were large regional differences. Stavanger experienced the strongest increase with an increase of 14 percent. Bodø w/Fauske ended the weakest with a minus 0.2 percent, says CEO Henning Lauridsen of Eiendom Norge.

- Throughout 2025, there has been strong growth in the number of second-hand homes sold in Norway. In 2025, a total of 9.4 percent more homes were sold than in 2024. This is evidence of a healthy and balanced second-hand home market in Norway, he says.

- In 2026, we expect a rise in housing prices in Norway of 6 percent. As in 2025, we believe that some cities will have a much stronger development than the national one, and we believe that Stavanger, Bergen and Tromsø in particular will stand out, says CEO of Eiendom Norge, Henning Lauridsen, says Lauridsen.

Read Eiendom Norge's forecast for 2026 here.

Record turnover in the second-hand market

In December, 3,809 homes were sold in Norway, which is 1.4 percent more than in December 2024.

In 2025, 108,657 homes were sold in Norway, which is 9.4 percent more than in 2024.

In December, 3,436 homes were listed for sale in Norway, which is 5.9 percent fewer than in the same month in 2024.

In 2025, 115,003 homes were listed for sale, which is 7.2 percent more than in 2024.

- Many second-hand homes have also been sold in Norway in December, and never before have so many second-hand homes been sold in one year as in 2025, says Lauridsen.

It took an average of 71 days to sell a home in December, up from 54 days in November.

The shortest sales period was in Bergen and Stavanger and the surrounding area with 20 and 26 days. The longest sales period was in Tønsberg and the surrounding area with 105 days.

Strongest in Stavanger, Tromsø and Bergen in 2025

The strongest seasonally adjusted price development in December was in Tønsberg and Færder and Follo with a seasonally adjusted increase of 1.7 percent, ahead of Fredrikstad and Sarpsborg with a seasonally adjusted increase of 1.6 percent.

The weakest seasonally adjusted price development in December was in Bodø and Fauske and Ålesund and the surrounding area with a seasonally adjusted decrease of 5.6 and 3.9 percent.

- The largest growth in 2025 was in Stavanger and the surrounding area with 14 percent, followed by Tromsø with 10.7 percent and Bergen with 9.9 percent, says Lauridsen

- The weakest development in 2025 was in Bodø with minus 0.2 percent, followed by Trondheim and Drammen with 1.5 and 1.7 percent.

- We expect the housing market to develop quite similarly in 2026 as in 2025. The most important drivers are still relatively high interest rates, interest rate declines, real wage growth, low completion of new homes and weaker population growth. In Oslo, the large decline in rental housing sales will continue to be decisive, concludes Lauridsen.