Israel Housing Prices Stabilize as Latest Second-Hand Home Sales Revealed

Housing prices in Israel continue to show stability, following the latest housing price index from the Central Bureau of Statistics (CBS), which recorded a slight increase of 0.1% in May-June compared to April-May.

With the June-July index scheduled for release next week, field assessments suggest that this price stability is likely to persist. To shed light on the current state of the housing market—which is characterized by a deep freeze in transaction volumes alongside localized price adjustments—we partnered with national real estate brokerage networks to examine second-hand apartment transactions completed over the past week.

Southern District: Arad and Beer Sheva

In Arad, a 4-room garden apartment on Hen Street, measuring 88 sq.m. on the ground floor of a 3-story building, was sold for 840,000 NIS.

In Beer Sheva, transactions included:

A 2-room apartment on Rehavat Tzfat Street (Neighborhood Tet), measuring 60 sq.m. on the 1st floor of a 3-story building, sold for 610,000 NIS.
A 2-room apartment on Rabbi Akiva Street (Neighborhood Dalet), measuring 50 sq.m. on the 2nd floor of a 3-story building, sold for 830,000 NIS.
A 5-room apartment on Bar Nissan Street (Neve Ze'ev neighborhood), measuring 141 sq.m. on the 6th floor of a 9-story building with a 10 sq.m. balcony, elevator, parking, and a secure room (Mamad), sold for 1.44 million NIS.

Central District: Rehovot, Ramla, and Lod

In Rehovot, transaction values reflect a higher pricing tier:

A 3-room apartment on Max Schein Street, measuring 88 sq.m. on the 3rd floor of a 15-story building with a 13 sq.m. balcony, parking, and elevator, sold for 2.15 million NIS.
A 4-room apartment on Weizmann Street, measuring 110 sq.m. on the 1st floor of a 4-story building, sold for 2.35 million NIS.
A 4-room apartment on Teller Street, measuring 105 sq.m. with a 9 sq.m. balcony, elevator, parking, and storage unit, sold for 2.85 million NIS.
A 5-room apartment measuring 127 sq.m. on the 5th floor of a 5-story building with a 24 sq.m. balcony, elevator, parking, and storage unit, sold for 2.8 million NIS.
A 5-room apartment measuring 127 sq.m. on the 1st floor of a 9-story building with a 12 sq.m. balcony and elevator, sold for 3.17 million NIS.

In Ramla:

A 3-room apartment on Haim Weizmann Street (Weizmann neighborhood), measuring 76 sq.m. on the 3rd floor of a 3-story building, sold for 1.28 million NIS.
A 4-room apartment on Herzl Street (Civic Center neighborhood), measuring 111 sq.m. on the 2nd floor of a 3-story building with parking, sold for 1.32 million NIS.
A 4-room apartment on Shalom Aleichem Street (Civic Center neighborhood), measuring 120 sq.m. on the 2nd floor of a 4-story building with an elevator, sold for 1.79 million NIS.

In Lod, a 3.5-room apartment on Barak Street (Ben Gurion neighborhood), measuring 70 sq.m. on the 8th floor of an 8-story building with an elevator, sold for 1.23 million NIS.

Coastal and Sharon Regions: Holon and Netanya

In Holon:

A 3-room apartment on HaTayasim Street, measuring 60 sq.m. on the 2nd floor of a 4-story building, sold for 1.42 million NIS.
A 3-room apartment on Yair Giladi Street, measuring 70 sq.m. on the 2nd floor of a 3-story building with a 9 sq.m. balcony, elevator, parking, and a secure room (Mamad), sold for 2.215 million NIS.

In Netanya:

A 4-room apartment on Weizmann Boulevard, measuring 125 sq.m. on the 1st floor of a 9-story building, sold for 1.8 million NIS.
A 5-room apartment on Nitsa Boulevard, measuring 139 sq.m. on the 8th floor of an 11-story building, sold for 3.4 million NIS.

Data compiled in collaboration with Re/Max, Anglo-Saxon, and Diyor Plus real estate networks.