Housing snapshot: Home sales and rentals across Israel in June 2025

Home prices in Israel dipped slightly in April, official data shows.

Prices dropped 0.1% in March and April compared to the previous two months, according to the most recent statistics available from the Central Bureau of Statistics. Compared to the same period a year ago, prices have surged 5.1%.

Prices have risen over the past year despite the ongoing war in Gaza sparked by the Hamas invasion on October 7, 2023. A combination of factors — including a longstanding housing shortage, strong population growth, and growing foreign investment — continues to keep demand high even as the conflict disrupts construction and economic stability.

The latest figures do not reflect changes stemming from Israel’s war with Iran in June.

Prices during the two-month period rose by 1.2% in Jerusalem and 0.3% in the central district. Prices dropped by 1.3% in the northern district, 0.6% in Tel Aviv, and 0.2% in the southern district. Average prices remained unchanged in Haifa.

The price of newly built homes rose by 0.4% compared to the previous two-month period, the CBS said.

According to Finance Ministry data, 6,254 apartments were sold in April, one of the lowest figures for April in the past 24 years. That figure represented a 15% decline from a year earlier. Volume has been low so far in 2025 after a particularly strong December 2024, when buyers hurried to complete their purchases before VAT rose to 18% at the beginning of 2025.

New apartment sales declined by 28% compared to a year earlier, while secondhand apartment sales dropped a more moderate 5%. The drop in new apartment sales is likely due in part to new restrictions imposed by the Bank of Israel on financing packages offered by developers, the Finance Ministry said.

Investors purchased 855 apartments in March, 27% fewer than a year earlier. Investors sold 1,269 apartments, 4% fewer than a year earlier.

Israel’s Consumer Price Index fell a surprising 0.3% in May, bringing the annual inflation rate down to 3.1%, compared to 3.6% a month earlier. That makes it more likely that the central bank will lower interest rates when it meets July 7. The benchmark interest rate has remained at 4.5% since January 2024.

The dollar-shekel rate stands at NIS 3.36 per dollar as of July 1, the strongest since January 2023.

Sales

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, an 86-square-meter (926-square-foot), four-room (three-bedroom) apartment at 8 Rabbi Uziel Street was sold for NIS 4,350,000 ($1,203,505) on June 3. The apartment is on the fifth floor of an eight-floor building built in 1980.

A 61-square-meter (657-square-foot), four-room (three-bedroom) apartment at 20 Bar Kochva Street was sold for NIS 4,090,000 ($1,156,347) on June 10. The apartment is on the fourth floor of a six-floor building built in 1960.

A 104-square-meter (1,119-square-foot), four-room (three-bedroom) apartment at 5 Weinshall Street was sold for NIS 4,750,000 ($1,393,370) on June 12. The apartment is on the second floor of a five-floor building built in 1994.

In Jerusalem, a 121-square-meter (1,302-square-foot), five-room (four-bedroom) apartment at 16 Harav Toledano Street was sold for NIS 3,700,000 ($1,052,931) on June 4. The apartment is on the third floor of a nine-floor building built in 2018.

A 98-square-meter (1,055-square-foot), three-room (two-bedroom) apartment at 11 Petah Tikva Street was sold for NIS 3,675,000 ($1,051,502) on June 4. The apartment is on the fifth floor of a nine-floor building built in 2024.

A 150-square-meter (1,615-square-foot), five-room (four-bedroom) apartment at 11 Gdud Hermesh Street was sold for NIS 3,320,000 ($949,928) on June 9. The apartment is on the second floor of a four-floor building built in 1989.

In Beit Shemesh, a 130-square-meter (1,399-square-foot), five-room (four-bedroom) apartment at 32 Sderot HaAmoraim was sold for NIS 2,850,000 ($813,588) on June 4. The apartment is on the fourth floor of a nine-floor building built in 2022.

A 155-square-meter (1,668-square-foot), four-room (three-bedroom) ground-floor apartment at 21 Har Meron Street was sold for NIS 3,990,000 ($1,185,711) on June 5. The apartment is in a two-floor building built in 2000 and includes a 157-square-meter (1,690-square-foot) yard.

In Haifa, a 125-square-meter (1,345-square-foot), five-room (four-bedroom) apartment at 15 Almog Street was sold for NIS 2,720,000 ($769,013) on June 11. The apartment is on the seventh floor of a twenty-floor building built in 2014 and includes two parking spaces.

Rentals

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 three-room (two-bedroom) apartment at Devorah HaNeviah Street in the Revivim neighborhood is available for rent at NIS 8,000 ($2,123) per month. The 94-square-meter (1,012-square-foot) apartment is on the first floor of a well-maintained building with an elevator, and includes a secure room (mamad), a large balcony, and parking.

A three-room (two-bedroom) apartment at Derech Begin is available for rent at NIS 8,600 ($2,283) per month. The 75-square-meter (807-square-foot) apartment is on the 22nd floor of a new high-rise building with an elevator, featuring a balcony, a secure room (mamad) and sea views.

In Jerusalem, a three-room (two-bedroom) apartment at 14 King David Street in Talbiya is available for rent at NIS 11,900 ($3,160) per month. The 90-square-meter (969-square-foot) apartment is on the elevated lobby (ground) floor of a luxury residence with an elevator, private balcony, secure room (mamad), and partial furnishings.

A three-room (two-bedroom) apartment at 5 Meir Shaham Street is available for rent at NIS 8,700 ($2,309) per month. The 62-square-meter (667-square-foot) apartment is on the fifth floor of a building with an elevator, with a balcony a view of Independence Park and a secure room (mamad).

In Haifa, A three-room (two-bedroom) apartment at Harav Maimon Street in Neve Shaanan is available for rent at NIS 3,700 ($983) per month. The 70-square-meter (753-square-foot) apartment is on the first floor.