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

The Times of Israel’s regular feature on what is happening in the local property market right now

By Zev Stub

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28 November 2025, 8:17 am

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Zev Stub is the Times of Israel's Diaspora Affairs correspondent.

Home prices in Israel fell in August and September for the seventh consecutive time, the market’s longest decline since 2018.

The housing market has cooled in recent months, partially in reaction to the multiple wars 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. Prices have fallen by more than 2% in the last six months.

On Monday, the Bank of Israel gave a little boost to the market as it cut borrowing costs for the first time in almost two years, lowering interest rates by 25 basis points to 4.25% from 4.5%.

However, the shekel’s strength against the dollar makes it harder for overseas buyers to purchase Israeli properties. The dollar reached a low at NIS 3.25 last week, an exchange rate not seen since April 2022.

Prices dropped 0.3% in August-September compared to July-August, according to the most recent information available from the Central Bureau of Statistics.

Home prices have risen only 0.5% over the past year, representing a “noticeable cooling” of the market, CBS said. Earlier this year, the market’s annual growth had peaked at 7.8%.

During the past month, prices rose by 0.5% in Jerusalem and 0.3% in the north. They fell by 1.2% in Haifa, 0.9% in the central district, 0.3% in the south, and 0.1% in Tel Aviv. New home sale prices countrywide dropped an average 0.8%.

In comparison with prices a year ago, prices have risen 7.4% in the north, 6.3% in Jerusalem, 2.3% in the south, and 1.7% in Haifa. Prices have fallen 2.8% in the central district and 1.6% in Tel Aviv, CBS said.

The average price of an apartment in Tel Aviv during the third quarter of 2025 was NIS 3,025,000 ($927,000), in Jerusalem NIS 2,899,000 ($889,000), in the Center District NIS 2,613,000 ($801,000), in Haifa NIS 1,880,000 ($576,000), in the South NIS 1,567,000 ($480,000), and in the North NIS 1,564,000 ($479,000).

According to Finance Ministry data for September, a total of 6,925 apartments were sold, 9% less than in August. Compared to a year earlier, sales were down 17%.

The volume of homes bought and sold every month has been down year-over-year in every month of 2025 after peaking in December 2024, Finance Ministry data shows.

New apartment sales, including government-subsidized units, declined by 25% from September 2024 to 2,671 units. Secondhand apartment sales reached 4,254 units, a 10% decline compared to September 2024.

Investors purchased only 1,191 apartments in September, a 15% decrease compared to September 2024. Investors sold 1,249 apartments, a 14% decrease compared to a year earlier.

A new 800-unit apartment complex in Jerusalem’s Gilo neighborhood. (Ari Cohen Architects and City Planners)

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, a three-room (two-bedroom) apartment at 14 Arthur Rubinstein Street sold for NIS 3,790,000 ($1,159,730). The apartment measures 73 square meters (786 square feet) and is located on the fourth floor of a nine-story building constructed in 2004.

A four-room (three-bedroom) apartment at 106 Levi Eshkol Street sold for NIS 4,700,000 ($1,455,108). The apartment measures 88 square meters (947 square feet) and is located on the fourth floor of an eight-story building constructed in 2005.

A four-room (three-bedroom) apartment at 10 Reshef Street sold for NIS 2,330,000 ($713,629). The apartment measures 84 square meters (904 square feet) and is located on the first floor of a five-story building constructed in 2017.

In Jerusalem, a four-room (three-bedroom) apartment at 3 Gedalia Bublick Street sold for NIS 2,700,000 ($830,003). The apartment measures 82 square meters (883 square feet) and is located on the first floor of a three-story building constructed in 1980.

A three-and-a-half-room (two-bedroom plus office) apartment at 8 Abba Eban Street sold for NIS 3,690,000 ($1,129,130). The apartment measures 89 square meters (958 square feet) and is located on the second floor of an eight-story building constructed in 2010.

A four-room (three-bedroom) apartment at 51 Shahal Street sold for NIS 3,070,000 ($950,464). The apartment measures 50 square meters (538 square feet) and is located on the third floor of an 11-story building constructed in 1970.

In Beit Shemesh, a four-room (three-bedroom) apartment at 70 Ha’amora’im Boulevard sold for NIS 2,210,000 ($683,153). The apartment measures 107 square meters (1,152 square feet) and is located on the third floor of a six-story building constructed in 2024.

A four-room (three-bedroom) apartment at 18 Rabbi Yisrael Grossman Street sold for NIS 2,600,000 ($797,790). The apartment measures 109 square meters (1,173 square feet) and is located on the sixth floor of an eight-story building constructed in 2020.

In Haifa, a four-room (three-bedroom) apartment at 15 Moshe Soroka Street sold for NIS 1,990,000 ($608,190). The apartment measures 92 square meters (990 square feet) and is located on the first floor of a three-story building constructed in 1970.

An illustrative photo of new residential towers in Beit Shemesh, April 2022. (Elijah Lovkoff via iStock by Getty Images)

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 four-room (three-bedroom) garden apartment at 18 Deborah Hanevia Street is available for rent at NIS 14,000 ($3,712) per month. The apartment measures 160 square meters (1,722 square feet) and is located on the ground floor of the building. The property includes a balcony, elevator, parking, and a secure room (mamad).

A three-and-a-half-room (two-bedroom plus office) apartment on Zechariah Street is available for rent at NIS 15,000 ($3,978) per month. The apartment measures 120 square meters (1,292 square feet) and is located on the second floor of a three-unit building. The property includes a balcony, elevator, double tandem parking, a secure room (mamad), and a sukkah balcony.

In Jerusalem, a four-room (three-bedroom) apartment at 5 Shalom Aleichem Street in the Talbiyeh neighborhood is available for rent at NIS 14,000 ($3,712) per month. The apartment measures 110 square meters (1,184 square feet) and is located on the third floor of the building. The property includes a balcony and elevator.

A three-and-a-half-room (two-bedroom plus office) apartment at 9 Rashba Street, Rehavia, is available for rent at NIS 8,600 ($2,279) per month. The apartment measures 78 square meters (840 square feet) and is located on the second floor of the building. The property includes a balcony, elevator, storage room, and a secure room (mamad).

In Haifa, a four-and-a-half-room (three-bedroom plus office) apartment on HaHashmal Street is available for rent at NIS 3,640 ($964) per month. The apartment measures 100 square meters (1,076 square feet) and is located on the second floor. The property includes a balcony, parking, storage room, and a secure room (mamad).