Residential market report · Bayern

Apartment prices in Munich 2026

Buying an apartment in Munich costs a median of 9,034 €/m² (offer prices, not notarized sale prices; as of August 2026). The 3-year history contains 45,738 listings across more than 47 portals.

Felix Schlendorfer · ScreenImmos Market AnalysisAs of 45,738 listings in 3 years · 47+ portals
Median €/m²9,034 €/m²+130% vs Germany
12-month trend▲ +2.4%rolling 6 mo.
Spread P25–P7551 %7,310–11,041 €/m²
Median total price599,000 €72.8 m² median
Rank in Germany1 / 70by €/m²
Time on market42 daysmedian
Trend · whole market

ScreenImmos Listing-Price Index — Munich

Live index of asking prices per m² by property class, rebased to 100 at the window start. Switch class, period and display.

The median price per m² in Munich rose from 8,447 €/m² (September 2023) to 9,034 €/m² today (as of August 2026); +2.4% year over year.

8,283 €/m²8,526 €/m²8,770 €/m²2023-092025-032026-08Berechneter Median €/m²
View whole-market monthly values
MonthCalculated €/m²Monthly value €/m²Listings
September 20238,447 €/m²8,364 €/m²1,246
October 20238,493 €/m²8,630 €/m²1,707
November 20238,476 €/m²8,409 €/m²1,129
December 20238,458 €/m²8,368 €/m²826
January 20248,365 €/m²8,000 €/m²1,078
February 20248,367 €/m²8,429 €/m²1,028
March 20248,331 €/m²8,150 €/m²792
April 20248,306 €/m²8,480 €/m²828
May 20248,440 €/m²9,210 €/m²1,214
June 20248,434 €/m²8,333 €/m²1,177
July 20248,464 €/m²8,182 €/m²1,135
August 20248,395 €/m²8,017 €/m²989
September 20248,420 €/m²8,296 €/m²993
October 20248,410 €/m²8,425 €/m²1,203
November 20248,283 €/m²8,446 €/m²1,215
December 20248,345 €/m²8,706 €/m²943
January 20258,372 €/m²8,345 €/m²1,108
February 20258,425 €/m²8,330 €/m²1,091
March 20258,462 €/m²8,517 €/m²1,238
April 20258,460 €/m²8,414 €/m²1,195
May 20258,469 €/m²8,500 €/m²1,287
June 20258,411 €/m²8,360 €/m²951
July 20258,436 €/m²8,492 €/m²1,138
August 20258,439 €/m²8,352 €/m²844
September 20258,476 €/m²8,741 €/m²1,462
October 20258,514 €/m²8,641 €/m²1,417
November 20258,538 €/m²8,640 €/m²1,175
December 20258,559 €/m²8,487 €/m²1,085
January 20268,559 €/m²8,492 €/m²1,296
February 20268,581 €/m²8,485 €/m²989
March 20268,591 €/m²8,799 €/m²1,682
April 20268,596 €/m²8,676 €/m²1,409
May 20268,665 €/m²9,052 €/m²1,820
June 20268,717 €/m²8,799 €/m²2,292
July 20268,735 €/m²8,600 €/m²2,699
August 20268,770 €/m²8,696 €/m²943

Calculated median per m² over time. Asking prices, not notarised sale prices. Historical sample: 45,738 listings across the full timeline.

Where is the premium in Munich?

Median asking prices per m² by property class — energy efficiency, apartment type, size and use, side by side.

The energy premium

Efficient flats (A–B) cost +38 % more per m² than inefficient ones (E–H).

Efficient (A–B)10,241+13 %52 %
Mid (C–D)8,065−11 %29 %
Inefficient (E–H)7,423−18 %19 %

Median €/m² of active listings · Δ vs city median · share

Premium by apartment type

Penthouse leads at 10,707 €/m² — +24 % above Maisonette.

Standard8,744−3 %68 %
Ground floor9,597+6 %13 %
Top floor9,252+2 %8 %
Maisonette8,663−4 %3 %
Penthouse10,707+19 %4 %
Loft9,041+0 %3 %

Median €/m² of active listings · Δ vs city median · share

Price by unit size

Small units fetch +12 % more per m² than the cheapest class.

1 room9,337+3 %17 %
2 rooms8,686−4 %30 %
3 rooms8,823−2 %35 %
4 rooms9,750+8 %13 %
5+ rooms9,667+7 %5 %

Median €/m² of active listings · Δ vs city median · share

Price by floor area

Between the smallest and largest size class there is +31 % per m².

up to 50 m²9,508+5 %21 %
50–80 m²8,303−8 %39 %
80–120 m²9,205+2 %29 %
over 120 m²10,915+21 %11 %

Median €/m² of active listings · Δ vs city median · share

Tenanted vs. vacant

Tenanted listings sit −16 % relative to owner-occupied ones.

Owner-occupied9,420+4 %79 %
Tenanted7,931−12 %21 %

Median €/m² of active listings · Δ vs city median · share

See all key figures as a table
Key figures Munich · as of August 2026
MetricValue
Median asking price9,034 €/m²
vs German median+130% (3,924 €/m²)
Rank in Germany1 of 70
Range P25–P757,310 €/m² – 11,041 €/m²
Percentiles P10 / P906,203 €/m² / 13,557 €/m²
Median total price599,000 €
Median living area72.8 m²
Median rooms3
12-month trend+2.4%
Median days on market42 days
Share with a price cut14.7%
Offered tenanted21%
Active listings9,960

Source: Felix Schlendorfer · ScreenImmos Market Analysis · offer prices, not notarized sale prices · historical sample: 45,738 listings across the 3-year history · as of August 2026 · Methodology · Data as JSON

Historical sample: 45,738 listings across the 3-year history, deduplicated at the property level · offer prices, not notarized sale prices.

What is the price per square metre in Munich?

From the cheap tenth (P10) to the high-end tenth (P90) of offers per m².

50% of offers in Munich lie between 7,310 €/m² and 11,041 €/m² per square metre; the median is 9,034 €/m².

View percentile table
Percentile€/m²
P10 (low)6,203 €/m²
P257,310 €/m²
Median (P50)9,034 €/m²
P7511,041 €/m²
P90 (high-end)13,557 €/m²
Germany (median)3,924 €/m²

How fast do apartments sell in Munich?

Median time on market and repricing among active listings.

In Munich, active listings stay on the market for a median of 42 days and the price was cut on 14.7% of offers.

Median days on market (active)42 days
Share with a price cut14.7%
Offered tenanted21%

What kinds of apartments are offered in Munich?

Most common construction-era class in Munich: 1950–1979 (37%).

Construction era

  • Pre-1900 2 %
  • 1900–1949 5 %
  • 1950–1979 37 %
  • 1980–1999 14 %
  • 2000 or later 35 %
  • Unknown 7 %
Construction era as a table
Construction eraShareListings
Pre-19001.9%190
1900–19494.9%486
1950–197936.8%3,667
1980–199914.4%1,432
2000 or later34.9%3,479
Unknown7.1%706

Condition

  • Well kept 40 %
  • Not specified 23 %
  • Excellent condition 18 %
  • New build 16 %
  • Needs renovation 4 %
Condition as a table
ConditionShareListings
Well kept39.6%3,944
Not specified23.3%2,325
Excellent condition17.8%1,769
New build15.5%1,545
Needs renovation3.8%377

Features

Features as a table
FeatureShare
Balcony/terrace81.1%
Elevator58.8%
Cellar74.1%
Offered tenanted21%

Is Munich more expensive than other German cities?

Median price per m² versus neighbouring markets and the national median.

Munich ranks 1 of 70 analysed cities and is +130% versus the German median.

See comparison table
MarketMedian €/m²Δ vs MunichRank DE
Munich9,034 €/m²—1 / 70
Hamburg6,650 €/m²-26%2 / 70
Frankfurt6,435 €/m²-29%3 / 70
Freiburg im Breisgau5,875 €/m²-35%4 / 70
Regensburg5,412 €/m²-40%10 / 70
Germany3,924 €/m²-57%—

Apartment prices in other German cities

Compare median price per m² across the German cities we cover in English.

Frequently asked questions about apartment prices in Munich

How much does an apartment cost in Munich?

The median asking price for condominiums in Munich is 9,034 €/m² (offer prices, not notarized sale prices; as of August 2026). The median total price is 599,000 € for a 72.8 m² apartment; the 3-year history contains 45,738 listings.

What is the price per square metre in Munich in 2026?

The median price per square metre in Munich is 9,034 €/m². A 70 m² apartment therefore costs about 632,380 € — an asking price, not a notarized sale price.

How have apartment prices in Munich developed?

Year over year the median price per square metre in Munich is +2.4% (rolling six-month average of offer medians).

Is Munich more expensive than the German average?

The median in Munich (9,034 €/m²) is 130% more expensive than the German national median of 3,924 €/m² per square metre.

Where does Munich rank among German cities by price?

With 9,034 €/m², Munich ranks 1 of 70 analysed German cities, sorted by median price per square metre (most expensive first).

What is the price range for apartments in Munich?

From the cheap tenth at 6,203 €/m² (P10) to the high-end tenth at 13,557 €/m² (P90); the middle half of offers lies between 7,310 €/m² and 11,041 €/m² per square metre.

Are apartments in Munich mostly old or new builds?

The most common construction-era class among active listings in Munich is 1950–1979 (37%).

How fast do apartments sell in Munich?

Active listings in Munich stay on the market for a median of 42 days (current asking listings).

How many apartments are for sale in Munich?

We currently analyse 9,960 active condominium listings in Munich (as of August 2026), deduplicated at the property level across more than 47 portals.

How this analysis is made

All figures are asking prices from the public listings of more than 47 German property portals (incl. ImmoScout24, Immowelt, Immonet, Kleinanzeigen), deduplicated at the property level. This is a statistical analysis, not notarized sale prices. Only condominiums are included; we do not report rental yields or price-to-rent multiples because no rental data is used. Full methodology →

Compiled by Felix Schlendorfer · ScreenImmos Market Analysis · SiebenHolding GmbH · as of

How to cite: “Felix Schlendorfer · ScreenImmos Market Analysis, screenimmos.de/en/property-prices/munich/, as of August 2026.”

About the author: Felix Schlendorfer, founder and real-estate market analyst — responsible for the content under § 18 (2) MStV.

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