Regions · 41 municipalities
House prices by region
Median sold prices and year-over-year change by municipality, from registered residential sales over the trailing 12 months in the HMS Kaupskrá register · as of October 6, 2026. Among municipalities with at least 30 registered sales, the price gap is wide: the median in Seltjarnarnes (97.0M) is 2.6× the median of Norðurþing (38.0M). Year-over-year is a genuine per-municipality figure — the trailing 12 months compared with the 12 months before them.
Price and annual-change comparisons include only municipalities with at least 30 sales.
Median sold prices by municipality
Each bar shows the median total price of homes sold during the past 12 months. The median is the middle value: half sold for less and half for more. A longer bar means a higher median.
Source: HMS Kaupskrá register. The largest markets are shown together with the highest and lowest medians among municipalities with at least 30 sales; every municipality appears in the table below.
All municipalities
Click a municipality to open its page. Year-over-year compares the trailing 12 months with the 12 months before them — small municipalities naturally swing more.
Prices rose in nominal terms but fell in real terms in 5 of 23 municipalities.
Real change measures movement in constant prices. Each sale price is adjusted using the CPI for its transaction month before the two medians are compared.
Scroll sideways to see every column →
| Municipality | Median sold | Sold/sqm | YoY nominal | Real change | Sales (12mo) |
|---|---|---|---|---|---|
| Reykjavík | 69.9M | 818K | 0.0% | — | 3,061 |
| Hafnarfjörður | 72.2M | 773K | +4.6% | — | 902 |
| Kópavogur | 80.5M | 805K | +0.8% | — | 835 |
| Garðabær | 92.0M | 879K | -4.2% | — | 608 |
| Akureyri | 62.0M | 678K | +5.3% | — | 561 |
| Reykjanesbær | 57.5M | 629K | -2.2% | — | 505 |
| Árborg | 62.5M | 606K | -0.6% | — | 346 |
| Mosfellsbær | 84.0M | 802K | +4.3% | — | 259 |
| Akranes | 62.0M | 605K | +0.2% | — | 185 |
| Ölfus | 61.1M | 591K | -2.7% | — | 108 |
| Vestmannaeyjar | 53.8M | 485K | -6.8% | — | 104 |
| Múlaþing | 51.0M | 484K | +2.0% | -2.1% | 97 |
| Fjarðabyggð | 43.0M | 355K | +7.5% | +2.1% | 91 |
| Seltjarnarnes | 97.0M | 900K | -14.0% | -18.7% | 89 |
| Ísafjarðarbær | 40.5M | 359K | +11.0% | +5.0% | 88 |
| Hveragerði | 64.5M | 617K | -0.8% | — | 85 |
| Suðurnesjabær | 63.6M | 563K | +11.5% | +5.2% | 84 |
| Borgarbyggð | 55.5M | 521K | +11.0% | +6.1% | 72 |
| Vogar | 67.5M | 584K | +8.0% | — | 66 |
| Skagafjörður | 45.8M | 423K | -15.3% | -18.3% | 56 |
| Hornafjörður | 50.0M | 470K | -12.3% | -15.5% | 36 |
| Norðurþing | 38.0M | 365K | +15.2% | +8.3% | 31 |
| Bláskógabyggð | 50.5M | 483K | -5.8% | — | 29 |
| Hörgársveit | 71.5M | 714K | -5.3% | -10.6% | 28 |
| Húnabyggð | 45.0M | 315K | +23.3% | +19.2% | 28 |
| Rangárþing ytra | 56.8M | 517K | +2.7% | -1.1% | 23 |
| Fjallabyggð | 37.0M | 274K | -3.9% | -5.0% | 23 |
| Rangárþing eystra | 60.0M | 485K | -11.8% | -14.7% | 22 |
| Dalvíkurbyggð | 54.7M | 458K | +59.5% | — | 21 |
| Stykkishólmur | 46.5M | 413K | -12.1% | -15.4% | 18 |
| Hvalfjarðarsveit | 58.5M | 703K | +0.7% | -2.4% | 17 |
| Eyjafjarðarsveit | 88.0M | 673K | -1.1% | -7.1% | 17 |
| Snæfellsbær | 31.0M | 286K | -20.5% | -24.3% | 17 |
| Langanesbyggð | 23.8M | 229K | +35.7% | — | 16 |
| Grundarfjörður | 43.5M | 321K | +17.6% | +10.2% | 15 |
| Hrunamannahreppur | 57.0M | 509K | +5.6% | -0.5% | 13 |
| Bolungarvík | 37.0M | 319K | -3.9% | -9.0% | 12 |
| Svalbarðsstrandarhreppur | 90.0M | 550K | +44.1% | +41.0% | 11 |
| Vesturbyggð | 31.0M | 256K | +6.0% | -1.0% | 10 |
| Vopnafjarðarhreppur | — | — | — | — | 9 |
| Strandabyggð | — | — | — | — | 5 |