House Prices in Serbia: 39,334 Euros, Novi Pazar Up 86%
Serbia's Republic Geodetic Authority: the average house price in the first half of 2026 was 39,334 euros, houses in Novi Pazar got 85.83% pricier, in Belgrade they got 1.37% cheaper.
The average house price in Serbia in the first half of 2026 was 39,334 euros, according to the semi-annual real estate turnover report from the Republic Geodetic Authority (RGZ). The median price was lower, at 28,000 euros, and compared to the same period last year, the average price rose 5.56%.
In Belgrade, the average house price is 99,220 euros, with a median of 69,000 euros. It is the only major city where house prices fell year over year, dropping 1.37%.
The steepest rise was recorded in Novi Pazar, where the average house price jumped 85.83% year over year. Jagodina followed with 49.81%, then Cacak with 34.82% and Sremska Mitrovica with 29.39%. RGZ does not explain the reason behind the surge in Novi Pazar, its report simply records the rate of price change over the preceding twelve months.
Within Belgrade itself, the trend ran the other way. House prices fell 48.32% in Zvezdara, 31.33% in Cukarica, 22.45% in Savski Venac, 11.16% in Vozdovac, 9.6% in Grocka and 4.81% in Obrenovac. Despite the drop, Savski Venac remains the municipality with the priciest houses in the city, averaging 851,021 euros. Data published from the same report also shows that the single most expensive house sold in Serbia during the period changed hands right there in Savski Venac, for 2.1 million euros.
By number of houses sold, Subotica led with 290 transactions, followed by Zrenjanin with 195. Within Belgrade, the most houses, 58, were sold in Sopot, at an average price of 55,000 euros.
Total house turnover in the first half of the year came to 328 million euros, eight percent of all real estate turnover in Serbia. The value of that turnover grew 7.5% year over year, while the number of contracts signed fell 2.2%, meaning houses on average sold for more than a year earlier. Vojvodina accounted for 43% of total house turnover.
Loans financed 14% of all real estate transactions in the first half of the year, a far smaller share than for apartment purchases, where loans financed 33%.
Total turnover on Serbia’s real estate market in the first half of 2026 came to 4.2 billion euros, based on 61,343 sale contracts. As covered earlier by Srpske Novine in an article titled “Fewer Apartments Sold in Serbia, Turnover at 2.5 Billion Euros,” most of that value still comes from apartments, based on RGZ’s earlier report. Houses are the market’s second largest segment, at 328 million euros, but unlike the apartment market, they show a rising price per transaction alongside a falling number of transactions.
