Housing snapshot April 2026: Home prices continue slide, bringing yearly drop to 1.7% |
Home prices in Israel continued to inch downwards in January and February 2026, dropping by 0.1 percent year-on-year for the second consecutive month, according to the most recent information available from the Central Bureau of Statistics.
The average price of homes has fallen 10 out of the last 12 months, leading to a 1.7% decline over the last year, CBS said.
Israel’s housing market has slowed over the past year, partially in reaction to the multifront war Israel has been engaged in since Hamas invaded southern Israel on October 7, 2023. High interest rates, a record supply of unsold new housing, and high prices have also helped to tamp down sales. The shekel’s strength against the dollar, currently at a 30-year high at NIS 2.98, is also affecting demand from overseas buyers.
The latest CBS figures do not reflect the impact of joint US-Israel strikes on Iran in March and April, which is believed to have slowed the market even further.
During the two-month period, prices fell by 0.7% in Jerusalem and Tel Aviv. Prices rose by 0.9% in the north, 0.5% in the center district, 0.3% in Haifa, and 0.2% in the south.
Over the past 12 months, prices have risen by 4% in Jerusalem, 2.2% in the north, 0.4% in the south, and 0.5% in Haifa. Prices declined by 5.1% in Tel Aviv and 3.1% in the central district.
According to Finance Ministry data for February, a total of 7,187 apartments were sold, a 3% decline from a year earlier. The number of transactions rose 4% from the previous month, even after excluding government-subsidized housing.
New apartment sales, including government-subsidized units, totaled 2,520 units, representing a 13% drop compared to February 2025.
A total of 4,667 secondhand apartments were sold, marking a 3% increase compared to February 2025, with little change from the previous month.
Investor activity showed some growth, with 1,171 apartments purchased by investors, a 6% increase from a year earlier. In the same period, investors sold 1,321 apartments, unchanged compared to February 2025.
To provide the housing snapshot below, we used the Israel Tax Authority’s database, which records the actual prices paid for properties. The focus is on sales over the last month to present the most up-to-date picture of the market.
In Tel Aviv, a three-room (two-bedroom) apartment at Gordon Street 52 sold for NIS 3.8 million ($1,260,783). The apartment measures 48 square meters (517 square feet) and is located on the ground floor of a three-story building constructed in 1960.
A three-room (two-bedroom) apartment at Yaakov Epstein Street 7 sold for NIS 4,880,739 ($1,619,356). The apartment measures 70 square meters (753 square feet) and is located on the sixth floor of an eight-story building constructed in 2022.
A four-room (three-bedroom) apartment at Tekoa Street 5 sold for NIS 2,586,809 (about $859,000). The apartment measures 101 square meters (1,087 square feet) and is located on the fifth floor of an eight-story building constructed in 2024.
In Jerusalem, a five-room (four-bedroom) apartment at Harav Shach Street 6 sold for NIS 3.75 million ($1,226,291). The apartment measures 115 square meters (1,238 square feet) and is located on the first floor of a four-story building constructed in 2020.
A four-room (three-bedroom) apartment at Simchat Cohen Street 7 sold for NIS 2.65 million ($879,230). The apartment measures 96 square meters (1,033 square feet) and is located on the second floor of a five-story building constructed in 2010.
A two-room (one-bedroom) apartment at Moshe Kol Street 17 sold for NIS 2.12 million (about $703,000). The apartment measures 45 square meters (484 square feet) and is located on the ground floor of a four-story building constructed in 2013.
In Beit Shemesh, a five-room (four-bedroom) apartment at Sderot HaAmoraim 811 sold for NIS 2.9 million (about $963,000). The apartment measures 124 square meters (1,335 square feet) and is located on the first floor of a six-story building constructed in 2025.
A three-room (two-bedroom) apartment at HaAchim Street 28 sold for NIS 2.05 million ($682,650). The apartment measures 90 square meters (969 square feet) and is located on the second floor of an eight-story building constructed in 2020.
In Haifa, a four-room (three-bedroom) apartment at Sha’ar HaGai Street 19 sold for NIS 1.82 million ($607,679). The apartment measures 96 square meters (1,033 square feet) and is located on the first floor of a seven-story building constructed in 1960.
The database of the real estate website Madlan was used to compile this sample of rental apartments on the market with a focus on three-room (two-bedroom) properties, suitable for a couple, two roommates, or a small family.
In Tel Aviv, a 3.5-room apartment at 14 HaYarkon Street in the Kerem HaTeimanim neighborhood is available for rent at NIS 13,500 ($4,485) per month. The apartment measures 94 square meters (1,012 square feet) and is located on the third floor of a renovated building.
A three-room apartment on Bloch Street in the north-central part of the city is available for rent at NIS 11,000 ($3,667) per month. The apartment measures 128 square meters (1,378 square feet) and is located on the third floor of a building with an elevator.
In Jerusalem, a four-room (three-bedroom) apartment on Yitzhak Ernst Nebenzahl Street in the Arnona Slopes neighborhood is available for rent at NIS 8,200 ($2,733) per month. The apartment measures 97 square meters (1,044 square feet) and is located on the fifth floor of a modern building with an elevator.
A five-room (four-bedroom) apartment on Bolivia Street 3 in the Kiryat HaYovel neighborhood is available for rent at NIS 7,500 ($2,500) per month. The apartment measures 105 square meters (1,130 square feet) and is located on the first floor of the building.
In Haifa, a four-room (three-bedroom) garden apartment in the Danya neighborhood on She’erit HaPleita Street 11 is available for rent at NIS 5,000 ($1,667) per month. The apartment measures 110 square meters (1,184 square feet) and occupies an entire floor of a private home.
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Jerusalem real estate
Real estate in Israel