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Get all the data you need about the real estate market in Surabaya
We update this article regularly so you can follow the current housing prices in Surabaya with fresh and practical data.
In this guide, we look at residential property prices in Surabaya in 2026, including houses, apartments, townhouses, and luxury homes.
We also explain listing prices, price per square meter, neighborhood differences, taxes, fees, and what different budgets can buy.
And if you’re planning to buy a property in this place, you may want to download our pack covering the real estate market in Surabaya.
Insights
- The median housing price in Surabaya in 2026 is about Rp1.55 billion, but the average is closer to Rp2.30 billion because large landed houses pull prices upward.
- Surabaya property prices in 2026 are not rising strongly, even though many listings still look expensive in prime western neighborhoods.
- Bank Indonesia data shows Surabaya primary-house prices were down 0.27% year on year in Q1 2026, which points to a soft market.
- A normal resale property in Surabaya in 2026 often closes about 6.5% below its listing price, especially when the property is older or oversized.
- Entry apartments in Surabaya still exist below Rp700 million, but entry landed houses usually need at least Rp700 million to Rp1.2 billion.
- Pakuwon Indah, Citraland, Pakuwon City, Darmo, and Mayjen Sungkono remain the most expensive residential areas in Surabaya.
- The highest price per square meter in Surabaya usually comes from small apartments or compact luxury units near malls, hospitals, offices, and campuses.
- Taxes, notary fees, registration costs, and renovation work can add 6% to 30% to the buying price, depending on the property condition.
- A $200,000 budget can buy a comfortable family home in Surabaya, but usually not a prime luxury house in Pakuwon Indah or central Darmo.
What is the average housing price in Surabaya in 2026?
The median housing price in Surabaya is more useful than the average because one very large house in Pakuwon Indah or Darmo can make the average look higher than what most buyers actually pay.
We are writing this as of 2026 with the latest data collected from authoritative sources that we manually double checked.
The median housing price in Surabaya in 2026 is about Rp1.55 billion, which is roughly $85,000 or €74,000. The average housing price in Surabaya in 2026 is about Rp2.30 billion, which is roughly $127,000 or €109,000.
For about 80% of residential properties in Surabaya in 2026, a realistic price range is Rp650 million to Rp6.0 billion, or roughly $36,000 to $330,000 and €31,000 to €285,000.
A realistic entry range in Surabaya in 2026 is Rp500 million to Rp900 million, or about $28,000 to $50,000 and €24,000 to €43,000, which can buy an older studio apartment, a small 1-bedroom apartment, or a compact existing home in areas such as Tenggilis Mejoyo, Rungkut, Sukolilo, or Gunung Anyar.
A typical luxury property in Surabaya in 2026 usually costs Rp7.0 billion to Rp20.0 billion, or about $385,000 to $1.10 million and €333,000 to €951,000, which can buy a large landed house in Pakuwon Indah, Citraland, Dharmahusada, Darmo, or Mayjen Sungkono.
By the way, you will find much more detailed price ranges in our property pack covering the real estate market in Surabaya.
Are Surabaya property listing prices close to the actual sale price in 2026?
In 2026, we estimate that normal Surabaya residential properties sell for about 6.5% below their listed price on average.
This means a home listed at Rp2.0 billion in Surabaya will often close around Rp1.87 billion if it is a normal resale property with room to negotiate. The gap is usually smaller for new developer stock and liquid entry apartments, but it can reach 8% to 12% for older homes, oversized luxury houses, or listings that have stayed online for a long time.
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What is the price per sq m or per sq ft for properties in Surabaya in 2026?
As of 2026, the median housing price in Surabaya is about Rp15.0 million per sq m, or about $825 per sq m and €713 per sq m, which is about Rp1.39 million per sq ft, or $77 per sq ft and €66 per sq ft. The average housing price in Surabaya is about Rp19.0 million per sq m, or about $1,046 per sq m and €904 per sq m, which is about Rp1.77 million per sq ft, or $97 per sq ft and €84 per sq ft.
The highest price per square meter in Surabaya in 2026 usually comes from small apartments and compact luxury units in central or mall-connected locations, while the lowest price per square meter usually comes from older landed houses in outer districts because those homes have larger land or building areas and weaker location premiums.
The highest price per square meter in Surabaya is usually found in Pakuwon Indah, Mayjen Sungkono, Darmo, Citraland prime pockets, Gubeng, and high-quality apartment towers, often around Rp30 million to Rp60 million per sq m. The lowest price per square meter is more common in Gunung Anyar, Pakal, Benowo, Kenjeran, Bulak, and some parts of Rungkut, often around Rp8 million to Rp13 million per sq m.
How have property prices evolved in Surabaya?
Compared with June 2025, Surabaya housing prices in 2026 are only about 0.5% higher in nominal terms, which is close to flat. After inflation, Surabaya housing prices are probably about 2.5% lower, because consumer prices rose faster than property prices.
Compared with 2024, Surabaya housing prices in 2026 are likely up by only a few percent in nominal terms, not by a large amount. The main reason is that demand has been limited by mortgage rates, weak primary residential sales, and household affordability constraints.
By the way, we’ve written a blog article detailing the latest updates on property price variations in Indonesia.
Finally, if you want to know whether now is a good time to buy a property there, you can check our pack covering everything there is to know about the housing market in Surabaya.
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How do prices vary by housing type in Surabaya in 2026?
In the Surabaya residential property market in 2026, we estimate that landed houses represent about 62% of supply, apartments about 18%, cluster townhouses about 9%, older compact houses about 6%, luxury landed or villa-style houses about 4%, and new compact developer houses about 1%, because Surabaya remains mainly a landed-house city.
In Surabaya in 2026, landed houses average around Rp2.6 billion, or $143,000 and €124,000, while apartments average around Rp650 million, or $36,000 and €31,000. Cluster townhouses are often around Rp1.8 billion to Rp2.5 billion, or $99,000 to $138,000 and €86,000 to €119,000, while luxury landed houses often average around Rp10.0 billion, or $550,000 and €475,000.
If you want to know more, you should read our dedicated analyses:
- How much should you pay for a house in Surabaya?
- How much should you pay for an apartment in Surabaya?
How do property prices compare between existing and new homes in Surabaya in 2026?
In Surabaya in 2026, a new-build home usually costs about 12% more than a comparable existing home in the same broad area.
This premium exists because new Surabaya properties usually offer better layouts, cluster security, parking, developer financing, and less immediate renovation risk than older resale homes.
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How do property prices vary by neighborhood in Surabaya in 2026?
Pakuwon Indah is one of the most expensive residential areas in Surabaya, with premium houses, large family homes, townhouses, and high-end apartments. In 2026, many properties in Pakuwon Indah sit around Rp6.0 billion to Rp10.0 billion, or about $330,000 to $550,000 and €285,000 to €475,000, because the area has mall access, gated housing, and strong west-Surabaya amenities.
Citraland is a planned family area where buyers usually find cluster houses, larger homes, and newer suburban-style residential compounds. In 2026, many homes in Citraland cost around Rp3.0 billion to Rp5.0 billion, or about $165,000 to $275,000 and €143,000 to €238,000, because the area offers schools, wide roads, and a more organized residential environment.
Rungkut is a more value-oriented area in eastern Surabaya, with older family homes, compact landed houses, and some apartments. In 2026, many properties in Rungkut sit around Rp1.4 billion to Rp2.2 billion, or about $77,000 to $121,000 and €67,000 to €105,000, because the area is useful for industrial access but does not carry the same prestige as Pakuwon Indah or Darmo.
You will find a much more detailed analysis by areas in our property pack about Surabaya. Meanwhile, here is a quick summary table we have made so you can understand how prices change across areas:
| Area in Surabaya | Main buyer profile | Typical price range | Typical price per sq m | Typical price per sq ft |
|---|---|---|---|---|
| Pakuwon Indah | Luxury, expat, mall access | Rp6.0b to Rp10.0b $330k to $550k |
Rp30m to Rp45m $1,651 to $2,476 |
Rp2.79m to Rp4.18m $153 to $230 |
| Citraland | Family, planned city | Rp3.0b to Rp5.0b $165k to $275k |
Rp20m to Rp30m $1,101 to $1,651 |
Rp1.86m to Rp2.79m $102 to $153 |
| Pakuwon City | Family, newer east | Rp3.5b to Rp5.5b $193k to $303k |
Rp24m to Rp34m $1,321 to $1,871 |
Rp2.23m to Rp3.16m $123 to $174 |
| Wiyung | West, commute, family | Rp2.2b to Rp3.3b $121k to $182k |
Rp16m to Rp24m $881 to $1,321 |
Rp1.49m to Rp2.23m $82 to $123 |
| Rungkut | Value, industrial access | Rp1.4b to Rp2.2b $77k to $121k |
Rp11m to Rp16m $605 to $881 |
Rp1.02m to Rp1.49m $56 to $82 |
| Sukolilo | Campus, east Surabaya | Rp2.5b to Rp3.8b $138k to $209k |
Rp16m to Rp24m $881 to $1,321 |
Rp1.49m to Rp2.23m $82 to $123 |
| Mulyorejo | Campus, apartment, east | Rp2.2b to Rp3.6b $121k to $198k |
Rp18m to Rp28m $991 to $1,541 |
Rp1.67m to Rp2.60m $92 to $143 |
| Gubeng | Central, hospital, commute | Rp3.0b to Rp5.5b $165k to $303k |
Rp22m to Rp35m $1,211 to $1,926 |
Rp2.04m to Rp3.25m $113 to $179 |
| Darmo / Mayjen Sungkono | Prime central, luxury | Rp5.0b to Rp10.0b $275k to $550k |
Rp35m to Rp60m $1,926 to $3,302 |
Rp3.25m to Rp5.57m $179 to $307 |
| Lakarsantri | Developing, family value | Rp1.2b to Rp2.2b $66k to $121k |
Rp10m to Rp16m $550 to $881 |
Rp0.93m to Rp1.49m $51 to $82 |
| Gunung Anyar | Entry, outer east | Rp800m to Rp1.5b $44k to $83k |
Rp8m to Rp12m $440 to $660 |
Rp0.74m to Rp1.12m $41 to $61 |
| Kenjeran / Bulak | Coastal, entry | Rp900m to Rp1.8b $50k to $99k |
Rp8m to Rp13m $440 to $716 |
Rp0.74m to Rp1.21m $41 to $67 |
How much more do you pay for properties in Surabaya when you include renovation work, taxes, and fees?
In Surabaya in 2026, the total cost of buying a residential property is often 6% to 8% above the purchase price without renovation, and 12% to 30% above the purchase price when renovation is included.
If you buy a Surabaya property for about $200,000, or about Rp3.63 billion, you may add around Rp220 million to Rp290 million for taxes, notary, and registration if the home needs no major renovation. With a medium renovation, the total extra cost can rise to about Rp730 million to Rp1.09 billion, so the final cost can land near Rp4.36 billion to Rp4.72 billion.
If you buy a Surabaya property for about $500,000, or about Rp9.09 billion, normal transaction costs can add about Rp545 million to Rp725 million. If the property is an older luxury house needing work, the extra cost can reach Rp1.8 billion to Rp2.7 billion, so the total budget can move toward Rp10.9 billion to Rp11.8 billion.
If you buy a Surabaya property for about $1,000,000, or about Rp18.17 billion, normal taxes and fees can add about Rp1.1 billion to Rp1.45 billion. If the property needs serious renovation or luxury upgrades, the extra cost can move above Rp3.6 billion, so the real all-in budget may be around Rp21.8 billion or more.
By the way, we keep updated a blog article detailing the property taxes and fees to factor in the total buying cost in Indonesia.
Meanwhile, here is a detailed table of the additional expenses you may have to pay when buying a new property in Surabaya
| Extra cost | Type | Estimated cost range in Surabaya |
|---|---|---|
| BPHTB acquisition tax | Tax | Usually about 5% above the local non-taxable threshold. For many Surabaya purchases, this feels close to 4.5% to 5.0% of the agreed price, or about Rp45m to Rp50m per Rp1.0b of price. |
| Notary and PPAT | Fees | Often around 0.5% to 1.5% of the price. On a Rp2.0b home in Surabaya, this can mean roughly Rp10m to Rp30m, or about $550 to $1,650. |
| Land-office and registration costs | Fees | Usually around 0.1% to 0.5% of the price. On a Rp2.0b property, this can be around Rp2m to Rp10m, or about $110 to $550. |
| VAT on new developer property | Tax | VAT can matter most for new developer sales and can reach an effective cost near 11% if no incentive applies. Some qualifying homes may receive partial or full VAT support, so buyers must check the exact unit and scheme. |
| Agent fee | Deal cost | The seller often pays the agent fee, but the cost can still affect the final negotiated price. In some deals, buyers may indirectly carry 0% to 2% of the price. |
| Light renovation | Renovation | A light refresh can cost around Rp50m to Rp150m, or about $3k to $8k. This usually covers paint, minor repairs, simple kitchen or bathroom updates, and basic furnishing changes. |
| Medium renovation | Renovation | A medium renovation can cost around Rp200m to Rp600m, or about $11k to $33k. This is more realistic for older family houses that need new bathrooms, flooring, wiring, or air-conditioning. |
| Heavy renovation | Renovation | A heavy renovation can cost around Rp700m to Rp1.5b or more, which is about $39k to $83k or more. This can happen with older luxury homes, structural work, major layout changes, or full interior replacement. |
We made this infographic to show you how property prices in Indonesia compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What properties can you buy in Surabaya in 2026 with different budgets?
With $100,000, or about Rp1.82 billion, you can buy an existing 90 to 120 sq m family house in Rungkut, a newer compact 60 to 90 sq m cluster house in Lakarsantri or Gunung Anyar, or a resale 50 to 70 sq m 2-bedroom apartment in Mulyorejo or Pakuwon City.
With $200,000, or about Rp3.63 billion, you can buy an existing 150 to 220 sq m landed house in Wiyung, a 100 to 160 sq m cluster townhouse near Citraland or Sukolilo, or a larger 80 to 120 sq m apartment in Pakuwon or Mayjen Sungkono.
With $300,000, or about Rp5.45 billion, you can buy a good 200 to 300 sq m family house in Citraland, an existing premium 180 to 250 sq m house in Gubeng or Dharmahusada, or a high-quality 3-bedroom apartment in Pakuwon or central Surabaya.
With $500,000, or about Rp9.09 billion, you can buy a 300 to 450 sq m luxury landed house in Pakuwon Indah, a large renovated 350 to 500 sq m house in Darmo or Mayjen Sungkono, or a newer high-end cluster home in Citraland.
With $1,000,000, or about Rp18.17 billion, you can buy a prime 500 to 700 sq m luxury house in Pakuwon Indah, a large central house in Darmo or Diponegoro with redevelopment value, or a top-end mansion-style property in Citraland or a premium gated cluster.
With $2,000,000, or about Rp36.34 billion, there is a Surabaya market, but it is thin and heavily negotiated. At this level, buyers usually look at very large compounds in Darmo, Diponegoro, or Mayjen Sungkono, trophy houses in Pakuwon Indah, or several residential units instead of one normal family home.
If you need a more detailed analysis, we have a blog article detailing what you can buy at different budget levels in Indonesia.
What sources have we used to write this blog article?
Whether it’s in our blog articles or the market analyses included in our property pack about Surabaya, we always rely on the strongest methodology we can … and we don’t throw out numbers at random.
We also aim to be fully transparent, so below we’ve listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source used | Why the source matters | How we used the source |
|---|---|---|
| Bank Indonesia Residential Property Price Survey Q1 2026 | Bank Indonesia is Indonesia’s central bank and its residential survey is one of the strongest official housing-market sources. | We used it to anchor the direction of Surabaya primary-market prices. We also used its sales, mortgage-rate, and developer-constraint data to explain why prices were not rising strongly. |
| Bank Indonesia inflation indicators | Bank Indonesia publishes official inflation indicators based on national statistical data. | We used it to adjust nominal housing-price changes for inflation. We also used it to explain why flat prices can still mean weaker real prices. |
| BPS Surabaya | BPS is Indonesia’s official statistics agency, and its Surabaya office provides local economic context. | We used it for Surabaya inflation and local economic checks. We preferred BPS-linked data over casual market commentary when discussing real price changes. |
| Rumah123 Surabaya house listings | Rumah123 is one of Indonesia’s largest property portals and shows a large live sample of Surabaya listings. | We used it to estimate asking-price levels by neighborhood and property type. We treated the figures as listing evidence, not completed-sale evidence. |
| Rumah123 Surabaya apartment listings | Rumah123 also gives useful apartment listing coverage in Surabaya. | We used it to understand how apartments lower the overall Surabaya median. We compared apartment asking prices with 99.co and Numbeo checks. |
| 99.co Surabaya house listings | 99.co is a major Indonesian property portal with broad residential listing coverage. | We used it to cross-check house prices from Rumah123. We also used it to test whether low-end and middle-range price bands were realistic. |
| 99.co Surabaya apartment listings | 99.co gives useful apartment listing data for Surabaya, especially for entry and mid-market units. | We used it to check apartment price levels around Rp650 million. We also used it to separate apartment pricing from landed-house pricing. |
| Numbeo Surabaya property data | Numbeo is not official, but it shows transparent contributor counts and useful price-per-sqm checks. | We used it only as a secondary apartment price-per-square-meter reference. We did not use it as the main source because the sample is smaller than portal data. |
| Bank Indonesia JISDOR | JISDOR is Bank Indonesia’s official USD to rupiah reference rate. | We used the early-June 2026 USD to IDR reference level for dollar conversions. We rounded converted prices because property prices are estimates, not exact quotes. |
| European Central Bank EUR to IDR reference | The European Central Bank publishes official euro foreign-exchange reference rates. | We used it to convert rupiah housing prices into euros. We used the early-June 2026 EUR to IDR reference level and rounded the results. |
| Surabaya JDIH | Surabaya JDIH is the official legal-document portal for the city. | We used it to ground local transfer-tax and legal references. We cross-checked buyer-cost estimates against wider Indonesian property-tax practice. |
| PwC Indonesia TaxFlash 2025 | PwC is a major tax advisory firm and its TaxFlash publications cite Indonesian tax rules. | We used it to cross-check VAT treatment and housing VAT incentives. We separated new-build costs from resale costs because VAT mostly matters for developer sales. |
| GrataNet legal overview of Indonesian real estate transactions | GrataNet provides a legal overview of Indonesian real estate transactions and related acquisition costs. | We used it to cross-check buyer taxes, legal process, and transaction-cost logic. We did not use it to replace official local or national sources. |
| Trading Economics Indonesia House Price Index YoY | Trading Economics republishes macroeconomic time series and identifies the underlying data source. | We used it only as a secondary historical cross-check for Indonesia’s house-price trend. We relied on Bank Indonesia first when discussing official housing-price direction. |
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