Price per Square Meter of Apartments in Tallinn in 2025
Do you know how much one square meter costs in Tallinn in 2025? Buying or selling real estate always starts with understanding the market. The price per square meter is the most important unit of comparison that helps you see whether the offered price corresponds to the actual value.
What is the price per square meter and why does it matter
The price per square meter is a quick way to compare different properties: it normalizes the price in relation to the area and makes it clear how much you are paying for the location, condition, and quality. When making a purchasing decision, it helps you see whether the asked price is in line with the market; as a seller, it helps you position your listing so that you attract interested buyers quickly and fairly. On Kinnisvara24, the price per square meter is shown with each listing, and in the search results you can sort by €/m² to make comparison easy.
Tallinn's price per square meter in 2025: asking prices vs transaction prices
According to Kinnisvara24 data, the median asking price for apartments in Tallinn at the beginning of the first half of 2025 has ranged approximately between 3333–3505 €/m² (January–July). Our monthly reviews confirm that asking prices have remained high and made moves near new peaks; this is also reflected in 1Partner Kinnisvara's own monthly review of Tallinn's apartment price per square meter.
The average transaction prices for apartments are lower than the asking prices in listings. At the beginning of 2025, according to the Land Board's transaction statistics, Tallinn's median transaction prices for apartments remain approximately between 2812–2774 €/m², which means that asking prices are typically about 19–26% higher than actual transactions.
It is important to understand that:
The asking price reflects sellers' expectations for the market
The transaction price confirms buyers' actual willingness to pay
The more active the market and the stronger the demand, the smaller the gap between asking price and transaction price; and vice versa
Typical prices by number of rooms and property type
According to Kinnisvara24 data for the first half of 2025, the price level per square meter in Tallinn is as follows:
1-room apartments: ~3300 €/m²
2-room apartments: ~3360 €/m²
3-room apartments: ~3420 €/m²
4-room apartments: ~3730 €/m²
5+ room apartments: ~3800 €/m²
The higher price per square meter for larger apartments often stems from newer buildings, better layouts, and added value such as parking space, storage, and a balcony.
New apartments are typically more expensive than the secondary market; the price premium comes from energy efficiency, up-to-date layouts, and lower maintenance costs. When comparing offers, it is worth looking at new developments and the secondary market separately with different filters, as price levels and negotiating room are different.
By district: which neighborhoods are more expensive and cheaper in 2025
Although the exact €/m² depends on the building, stairwell, and condition, a clear hierarchy emerges in Tallinn in 2025. The highest price levels are typically in the Old Town and North Tallinn (including Kalamaja, Noblessner, and the Telliskivi area), as well as Pirita. Kristiine and Haabersti remain close to Tallinn's average. Mustamäe and Lasnamäe panel apartment areas are cheaper in asking prices, but well-renovated apartments in buildings and logistically well-located areas may sell faster and at a higher price per square meter.
If you want to see current information by neighborhood, open the location filter in the search and sort the results by €/m² – this way you'll have a district overview right at hand. Start your apartment purchase here.
2025 trends and influencers: what moves prices
Price movements in 2025 are shaped mainly by three factors:
Financing environment – the moderate pace of interest rate decline improves loan availability and increases transaction activity
Supply volume – increased supply lengthens selling periods and keeps price growth under control
Household incomes – improved purchasing power strengthens demand and supports prices
The preference for renovated and energy-efficient buildings keeps the price level of this segment stronger. We monitor the market monthly and consolidate the picture in our blog – read more from the section Estonian apartment price development.
How to use Kinnisvara24 statistics and tools for price comparison
Start matching the market picture and your budget with a practical step-by-step process:
First step is to set your target neighborhoods and number of rooms. Open apartments for sale, select the neighborhood(s), floor, condition, and year. Turn on the price per square meter display and sort the results by €/m² to see the cheapest and most expensive offers per square meter. Look at the first 2–3 pages and write down the median levels.
Second step is to distinguish between new and secondary market apartments. Open a separate tab with new developments in Tallinn and compare them with secondary market offers in the same neighborhood. New properties often have added value that explains the higher price, but their maintenance costs are lower.
Third step is to set up ongoing monitoring. Subscribe to "E-agent letters" to receive notifications about new listings. This helps you see how quickly listings move and at what level price reductions occur – practical input for negotiations.
Fourth step is to calibrate asking price vs transaction price. Use our monthly reviews and compare asking prices with the Land Board's transaction statistics. If the gap between asking price and transaction price is ~20%, plan realistic offer room in your purchase negotiations and as a seller leave room in your pricing so that your listing is discoverable and competitive.
Fifth step is to involve a professional if needed. If you want precision in pricing or negotiations, choose a suitable partner from Kinnisvara24's real estate agent search page. On the secondary market, it's also worth researching condominium association plans on energy efficiency topics; if the building has renovation needs, read our guide on the topic of condominium association renovation loans.
Practical framework for buyers and sellers
As a buyer, set two budgets: total price (bank and down payment) and price per square meter target by neighborhood. Work in three baskets: must-have properties, compromises (floor, layout), and backup plan (another neighboring area). If you're considering renting in the meantime, compare options on the apartment rental page and assess whether the timing for a transaction is right.
As a seller, start with a realistic comparative analysis: select 5–10 similar listings in the same building or neighborhood, compare €/m², condition, and sale times. Assess whether professional photography, decluttering, and the right headline can increase click-through rate and bring viewings faster. If you're planning to move from an apartment to a detached house or countryside, keep an eye on detached house sales and prefab solutions, as prefab houses allow you to move faster and control costs.
Data interpretation: common pitfalls
The price per square meter assumes that you are comparing comparable areas. Check whether the area used in the listing is net area, heated area, or total area including storage and parking – these differences distort the €/m².
Keep in mind that a renovated building has a higher price per square meter but lower utility costs; in an unrenovated building it is the opposite. If you need greater clarity on the bigger picture, read our extended market articles on topics apartments in Tallinn and real estate prices in Estonia 2025+.
In case of tax plans, definitely research the rules early from the section when real estate sales are subject to income tax and when they are not.
Toward an informed decision
Tallinn's price per square meter in 2025 remains consistently high, but with smart comparison, correct filter use, and control of transaction prices, both buyers and sellers can make an accurate and timely winning move. Start now – make your choice on apartment sales or explore new developments in Tallinn and get advice from the real estate agent search page
