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Apartment prices in Mustamäe
In Q3 2026, 404 apartments sold in Mustamäe at a median of €2,679/m² (Maa- ja Ruumiamet, the Estonian Land and Spatial Development Board). That is 9.0% higher than a year earlier. The price of a specific apartment depends on the building, the floor, renovation and condition. For your own address you can see building data, risks and surroundings in the free snapshot.
HindaAI provides statistical estimates and does not replace an appraisal report that complies with EVS 875.
Market statistics
The Mustamäe apartment market in numbers
| Measure | Q3 2026 | A year earlier | Change |
|---|---|---|---|
| Median price, €/m² | €2,679/m² | €2,457/m² | +9.0% |
| Mean price, €/m² | €2,729/m² | €2,559/m² | +6.6% |
| Number of sales | 404 | 379 | +6.6% |
Source: Maa- ja Ruumiamet (Estonian Land and Spatial Development Board), real estate transaction statistics (apartment ownerships, purchase and sale). Extract of 19 October 2026. Area-level aggregate data, not a valuation of an individual apartment.
Maa- ja Ruumiamet transaction statistics · Source citation and terms of use
Price trend
The median rose from €2,338/m² in Q4 2024 to €2,679/m² in Q3 2026.
| Quarter | Median | Sales |
|---|---|---|
| Q4 2024 | €2,338/m² | 372 |
| Q1 2025 | €2,370/m² | 334 |
| Q2 2025 | €2,467/m² | 377 |
| Q3 2025 | €2,457/m² | 379 |
| Q4 2025 | €2,534/m² | 369 |
| Q1 2026 | €2,596/m² | 350 |
| Q2 2026 | €2,588/m² | 373 |
| Q3 2026 | €2,679/m² | 404 |
Source: Maa- ja Ruumiamet (Estonian Land and Spatial Development Board), real estate transaction statistics (apartment ownerships, purchase and sale). Extract of 19 October 2026. Area-level aggregate data, not a valuation of an individual apartment.
Building stock
What kind of buildings people live in here
Mustamäe is Tallinn's first panel-housing district — most apartments sit in five- and nine-storey buildings from the 1960s and 1970s. The abundance of standardised layouts makes Mustamäe one of Estonia's most comparable apartment markets: similar transactions are frequent, so the statistics are more reliable than usual.
What shapes the price here is not so much the building series as the specific building's condition: apartments in fully renovated buildings trade clearly higher than their unrenovated neighbours. The free snapshot shows the building data, HindaAI Score, risks, and surroundings for your address.
The district was built as micro-districts, each with its own school, kindergarten, and shops, keeping daily life within walking distance. Proximity to TalTech and Tehnopol brings a steady flow of students and rental demand.
A large share of the buildings has completed or is undergoing full renovation, often with KredEx support — an insulated facade and a new heating system show up both in the energy label and the sale price. New developments rise mainly on the district's edges, for example around Kadaka.
Price drivers
What affects apartment prices in Mustamäe
- The price here is shaped first of all by the building's condition: an apartment in a fully renovated panel block sells clearly higher than one in an unrenovated neighbour, thanks to lower heating costs and a longer technical lifespan.
- The building series matters less, because standardised layouts are everywhere and buyers compare renovated facades, updated heating systems, and energy labels.
- Each micro-district has its own school, kindergarten, and shops within walking distance, and the proximity of TalTech and Tehnopol keeps demand steady.
- New developments rise on the district's edges, for example around Kadaka, and they price differently from the panel stock.
- With so many standardised apartments, small differences in floor, layout, and renovation show up in the price more clearly than in districts with mixed stock.
Neighbourhoods
- Kadaka
- The district's edge, where new developments have risen next to the panel blocks.
- Sääse
- A Mustamäe neighbourhood whose housing is mostly panel blocks from the 1960s and 1970s.
- Siili
- Another Mustamäe neighbourhood of panel blocks built as micro-districts.
- Tehnopol and TalTech area
- Proximity to the university and the technology park brings students and rental demand.
FAQ
Frequently asked questions about property in Mustamäe
How much does an apartment cost in Mustamäe?
According to Maa- ja Ruumiamet, the median apartment price in Mustamäe was €2,679/m² in Q3 2026 (404 sales). For a 50 m² apartment that is in the order of 134,000 €, but the actual price depends on the building, the floor and the condition.
Are apartment prices in Mustamäe rising?
In Q3 2026 the median was 9.0% higher than a year earlier (Maa- ja Ruumiamet). Short-term changes in an area with few sales can be random.
What affects apartment prices in Mustamäe the most?
Because the apartments are so standardised, a building's condition matters more than its series: an apartment in a fully renovated panel block often sells at a clearly higher price per square metre than one in an unrenovated neighbour. Heating costs, an insulated facade, and the building's technical lifespan show up directly in the price. Floor and the location within the district, relative to schools, shops, and Tehnopol, add further differences.
Is a HindaAI estimate suitable for a bank?
No. HindaAI gives a statistical estimate and does not replace an appraisal report that complies with EVS 875, which banks usually require for a home loan.
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