According to the latest data from Idealista, the average asking price for homes in Oviedo surpassed €2,000 per square meter in August, reaching €2,054/m². This represents a 17% increase year-on-year, a 1.6% rise compared to the previous quarter, and a 1.1% growth since July 2025. Across Spain, the average price stands at €2,498/m², marking a 14% year-on-year increase. Despite this growth, Oviedo’s average price remains below its historical peak of €2,179/m² recorded in January 2009 during the real estate boom.
Most Expensive Districts (€/m² and Year-on-Year Change)
- Centro–Casco Histórico: €2,539/m² (+19.3%)
- Ciudad Naranco–Vallobín–La Florida: €2,188/m² (+25.1%)
- Buenavista–Ería–Montecerrao: €2,104/m² (+17.9%)
Most Affordable Districts
- San Claudio–Trubia–Las Caldas: €1,093/m² (+11.6%)
- La Manjoya–Parroquias Sur: €1,148/m² (+2.4%)
- Fozaneldi–Tenderina–Ventanielles: €1,637/m² (+24.3%)
New Price Records and Market Insights
New record price levels were established in the districts of Ciudad Naranco–Vallobín–La Florida and La Manjoya–Parroquias Sur. While Centro–Casco Histórico remains the most expensive area in Oviedo, its average price is still 13.4% below the peak reached in 2008.
What This Means for Buyers and Investors
The steady price increases across Oviedo’s neighborhoods indicate a robust demand for housing in the city. Buyers should consider the varying price points among districts, balancing affordability with location preferences. Investors may find promising opportunities in emerging areas like Ciudad Naranco–Vallobín–La Florida, which recently hit new price highs.