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Real Estate Market in Harju County: Overview of Apartment Prices in 2023

The Path to the Dream Home / Great deals / Newcomer in the real estate market
13.02.2024
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Real Estate Market in Harju County: Overview of Apartment Prices in 2023

In 2023, the real estate market in Estonia experienced significant growth, and Harju County was no exception. Known for its diverse infrastructure and proximity to the capital city of Tallinn, the region remains attractive to property buyers. Apartment prices in the county varied depending on several factors, including the number of rooms, location - whether in central districts or suburbs, as well as the condition and age of the property.

One-bedroom Apartments

Let's start with one-bedroom apartments. In 2023, the average price for a one-bedroom apartment in Harju County ranged from €60,000 to €100,000. In the most popular areas and micro-districts, such as Kesklinn (central district) or Pirita (suburb with developed infrastructure), prices tended towards the upper end of this range.

Two-bedroom Apartments

For two-bedroom apartments, the situation looked as follows: the average price ranged from €80,000 to €150,000. There was a noticeable difference in cost between new buildings and second-hand properties. Modern complexes with full finishing and integrated technical solutions attracted buyers with higher prices and comfort.

Three-bedroom Apartments

Three-bedroom apartments offered a more spacious and family-oriented type of housing. During this period, they were available on the market at prices ranging from €100,000 to €200,000. More expensive options often had improved layouts, well-maintained settlement areas, and parking spaces.

Four-bedroom Apartments

Four-bedroom and larger apartments had even higher costs - here the price started from €150,000 and reached up to €300,000 for an exclusive housing option. These properties combined an abundance of space for large families or those who value additional space for work or hobbies.

Five Rooms and More

Five-bedroom apartments were rare on the market - these were special offers for a special buyer. Their cost followed the logic of exclusivity - often starting from €250,000.

Conclusions about the state of the real estate market prices in Harju County for 2023 indicate a stable increase in interest from buyers, both for new luxury housing and budget options in the secondary market. With the possibility of choosing a preferred district or suburb - whether it's the bustling center or the peaceful greenery of Pirita - every potential buyer can find a suitable property option.

It is clear that purchasing property is a significant investment decision for people with different needs. Financial conditions require careful analysis of market offers. Reliable information about prices is essential for anyone interested in this area - whether an individual buyer or a professional investor.

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