Pärnu maakond
Property prices in Pärnu
In Q3 2026, 204 apartments sold in Pärnu at a median of €1,962/m² (Maa- ja Ruumiamet, the Estonian Land and Spatial Development Board). That is 1.2% 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 Pärnu apartment market in numbers
| Measure | Q3 2026 | A year earlier | Change |
|---|---|---|---|
| Median price, €/m² | €1,962/m² | €1,939/m² | +1.2% |
| Mean price, €/m² | €2,118/m² | €2,177/m² | -2.7% |
| Number of sales | 204 | 260 | -21.5% |
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 fell from €2,035/m² in Q4 2024 to €1,962/m² in Q3 2026.
| Quarter | Median | Sales |
|---|---|---|
| Q4 2024 | €2,035/m² | 209 |
| Q1 2025 | €2,039/m² | 185 |
| Q2 2025 | €2,210/m² | 224 |
| Q3 2025 | €1,939/m² | 260 |
| Q4 2025 | €1,943/m² | 204 |
| Q1 2026 | €2,135/m² | 221 |
| Q2 2026 | €2,008/m² | 237 |
| Q3 2026 | €1,962/m² | 204 |
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
Pärnu's apartment market has two faces: the beach district, where new developments and holiday apartments reach Tallinn-level prices, and the everyday market in the panel and wooden houses of Mai, Ülejõe, and Raeküla. The summer season draws buyers from across Estonia and abroad.
This dual structure means the city median moves between two distinct markets. If you are weighing a purchase or sale, look beyond the aggregates at the specific building — the district and building type decide a lot in Pärnu. The free snapshot shows building data, the HindaAI Score, risks and surroundings; the estimated value and range are in the full report, which is still coming.
In the beach district, villas and resort-era guesthouses stand beside new apartment buildings; the centre holds historical stone buildings and shopping streets. Mai and Papiniidu are dominated by Soviet-era panel blocks, Ülejõe and Raeküla by wooden houses and villas.
New developments cluster near the beach and the river, and their first sales lift the quarterly statistics. The everyday resale market trades noticeably below the beach area — one city, two price classes.
Price drivers
What affects apartment prices in Pärnu
- New developments and holiday apartments in the beach district trade noticeably above the everyday resale market in Mai, Ülejõe and Raeküla.
- First sales in the beach district and in new developments pull the city median up, so the aggregate does not describe an ordinary panel apartment.
- The Soviet-era panel blocks of Mai and Papiniidu trade below the beach area, and there it is mainly the building's condition that sets an apartment apart.
- The holiday-apartment market is more seasonal than the everyday one and reacts faster to shifts in demand.
Neighbourhoods
- Rannarajoon
- Villas and resort-era guesthouses stand beside new apartment buildings here, and prices are among the city's highest.
- Kesklinn
- Historical stone buildings and shopping streets.
- Mai
- A district of Soviet-era panel blocks where much of the everyday apartment trade happens.
- Papiniidu
- A panel-block area where price levels sit below the beach district.
- Ülejõe
- A district of wooden houses and detached homes across the river.
- Raeküla
- A district of wooden houses and villas whose market differs from the panel estates.
FAQ
Frequently asked questions about property in Pärnu
How much does an apartment cost in Pärnu?
According to Maa- ja Ruumiamet, the median apartment price in Pärnu was €1,962/m² in Q3 2026 (204 sales). For a 50 m² apartment that is in the order of 98,000 €, but the actual price depends on the building, the floor and the condition.
Are apartment prices in Pärnu rising?
In Q3 2026 the median was 1.2% 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 Pärnu the most?
In Pärnu the district decides most: new developments and holiday apartments in the beach area trade above the everyday resale market in the panel estates and wooden-house districts. It is effectively two markets within one city, so an apartment is best judged by its building and neighbourhood rather than the city average.
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.
Related areas
Explore other areas
Viljandi
A lakeside cultural town where the wooden old town and the panel estates form two distinct markets.
Paide
Järvamaa's centre in the heart of Estonia, with a small and stable market.
Haapsalu
A resort town whose ornate wooden old town and promenade keep holiday-home demand high.
Kuressaare
The heart of Saaremaa, where resort seasonality and tight supply shape prices.
More
Start from your address
The area median is background. Your home's price depends on the specific building and apartment. See your address in the free snapshot.
Start with the free snapshot