Single-Family Homes Were in Greater Demand Again in 2024: Here Is Where You Can Buy the Cheapest

The demand for single-family homes rose sharply in all federal states in 2024 - nationwide by an average of 15 percent compared to 2023. Prices remained stable on average, although there were clear regional differences.

Demand for Single-Family Homes Rose Sharply Last Year

"We expect that the prospect of more favorable financing conditions and eased lending will noticeably stimulate the purchase market this year," says Markus Dejmek, Austria head of the real estate platform ImmoScout24.

The increase in demand was particularly strong in Vorarlberg (+56 percent), Vienna (+25 percent), and Carinthia (+24 percent). The average square meter price demanded in sales listings remained practically unchanged at 3,836 euros compared to 2023.

Tyrol Remains the Most Expensive Federal State

However, there were significant regional differences: While there was a decrease in square meter prices in Styria (-6 percent, 3,163 euros per square meter), Vorarlberg (-5 percent, 5,500 euros/sqm), and Burgenland (-3 percent, 2,423 euros/sqm), prices increased in Salzburg (+5 percent, 5,789 euros/sqm), Tyrol (+2 percent, 7,163 euros/sqm), and Vienna (+1 percent, 6,414 euros/sqm). Tyrol thus remains the most expensive federal state for acquiring a dream home, followed by Vienna and Salzburg.

A 150-square-meter house costs differently depending on the region. While buyers in Burgenland can acquire a home for around 363,480 euros, buyers in Tyrol (1,074,519 euros) and Vienna (962,144 euros) have to dig deepest into their pockets. In Salzburg, the price for a comparable house is 868,421 euros, in Vorarlberg 825,000 euros, and in Lower Austria 538,400 euros. In Upper Austria (497,144 euros), Carinthia (454,592 euros), and Styria (474,375 euros), the costs for a home are also more moderate.

The analysis conducted in February 2025 is based on 78,576 data points for houses from the years 2023 and 2024 of the listings published on ImmoScout24.at. The determined average prices are median values.

(APA/Red)

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