What are housing prices like in Surabaya right now? (January 2026)

This guide covers current housing prices in Surabaya as of the first half of 2026, and we update it regularly to keep the data fresh and reliable.

You will find median and average prices, neighborhood breakdowns, price-per-square-meter figures, and what you can realistically buy at different budget levels.

We also explain how listing prices compare to actual sale prices and what additional costs you should expect when purchasing property in Surabaya.

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.

Who is the author of this content?

BAMBOOROUTES

A team specialized in real estate investing in APAC countries (Japan, Thailand, Indonesia, Australia, etc.).

We are a team of financial experts, legal professionals, developers, and local real estate specialists dedicated to helping people like you avoid mistakes when investing in real estate in a foreign place, particularly in Surabaya. If you’d like to learn more about us, you can check our presentation page.

What is the average housing price in Surabaya in 2026?

The median housing price in Surabaya is more useful than the average because a small number of expensive homes in premium areas like Pakuwon Indah and Darmo pull the average upward, while the median reflects what a typical buyer actually pays.

We are writing this as of the first half of 2026 using the latest data collected from authoritative sources including Bank Indonesia's property surveys and major listing portals, all manually cross-checked for accuracy.

The median home price in Surabaya in 2026 is approximately Rp 1.4 billion ($85,000 or €73,000), while the average home price sits higher at around Rp 2 billion ($121,000 or €104,000). This gap exists because Surabaya has many homes in the Rp 1 to 3 billion range, with a smaller pool of expensive properties in western and central districts pushing the average higher.

About 80% of residential properties in Surabaya in 2026 fall within a price range of Rp 600 million to Rp 3.5 billion ($36,000 to $212,000).

A realistic entry-level range in Surabaya starts at Rp 350 to 600 million ($21,000 to $36,000 or €18,000 to €31,000), which typically gets you a small older landed house of 45 to 70 square meters in outer areas like Benowo, Kenjeran, or fringe Rungkut.

Luxury properties in Surabaya in 2026 typically range from Rp 6 to 20 billion ($364,000 to $1.2 million or €313,000 to €1 million), which includes large landed houses of 250 to 450 square meters in upscale clusters like Pakuwon Indah, Citraland, or Darmo with high-end finishes and gated amenities.

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?

The estimated gap between listing prices and actual closed prices in Surabaya in 2026 is around 6%, with a typical negotiation range of 3% to 10%.

Sellers in Surabaya often build negotiation room into their asking prices, especially for older homes where condition and renovation needs are harder to price precisely. The gap tends to be larger for properties that have been on the market longer or in areas with more inventory, while newer cluster homes in high-demand neighborhoods may see smaller discounts.

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What is the price per sq m or per sq ft for properties in Surabaya in 2026?

As of early 2026, the median price per square meter in Surabaya is approximately Rp 12 million ($727 or €625), which translates to about Rp 1.1 million per square foot ($68 or €58). The average price per square meter runs higher at Rp 15 million ($909 or €781), or roughly Rp 1.4 million per square foot ($85 or €73).

Apartments and newer CBD-adjacent properties in Surabaya have the highest price per square meter because smaller units compress value into fewer square meters and include amenities like security and pools, while older landed homes in outer districts have the lowest rates due to location discounts and renovation risk.

In Surabaya in 2026, the highest prices per square meter are found in western neighborhoods like Citraland and Pakuwon Indah at Rp 18 to 30 million per square meter, while the lowest rates appear in outer areas like Benowo and Kenjeran at Rp 7 to 11 million per square meter.

How have property prices evolved in Surabaya?

Compared to one year ago in January 2025, Surabaya home prices have risen only about 1% in nominal terms, and actually declined roughly 1% when adjusted for local inflation. This flat performance reflects buyer sensitivity to loan rates and financing costs, along with more affordable housing supply entering the market and pulling averages down.

Over a 10-year period from January 2016 to January 2026, Surabaya property prices have increased approximately 45% nominally, but only about 15% in real inflation-adjusted terms. This decade-long growth was driven by urban expansion, infrastructure improvements in western clusters, and steady increases in land and construction costs even during cooler market periods.

By the way, we've written a blog article detailing the latest updates on property price variations in Surabaya.

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.

We did some research and made this infographic to help you quickly compare rental yields of the major cities in Indonesia versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.

How do prices vary by housing type in Surabaya in 2026?

Landed houses make up about 72% of Surabaya's residential market, followed by apartments at 16%, cluster or townhouses at 10%, and luxury landed properties at just 2%, reflecting Surabaya's strong cultural preference for ground-level living compared to more vertical cities like Jakarta.

Average prices by property type in Surabaya as of the first half of 2026 are: landed houses at Rp 1.85 billion ($112,000 or €96,000), cluster or townhouses at Rp 2.4 billion ($145,000 or €125,000), apartments at Rp 1.1 billion ($67,000 or €57,000), and luxury landed homes at Rp 10 billion ($606,000 or €521,000). Cluster homes command higher prices than standard landed houses because they include gated security, shared amenities, and often newer construction.

If you want to know more, you should read our dedicated analyses:

• How much do properties cost in Surabaya?
• How much should you pay for a house in Surabaya?
• How much should you pay for an apartment in Surabaya?
• How much should you pay for a studio in Surabaya?

How do property prices compare between existing and new homes in Surabaya in 2026?

New construction in Surabaya in 2026 typically carries a premium of around 12% over comparable existing homes, with the range varying from 5% to 20% depending on location and specifications.

This premium exists because newer homes in Surabaya usually offer better layouts, modern parking solutions, cluster security with shared amenities, and lower immediate renovation costs, making buyers willing to pay more upfront to avoid near-term expenses and hassles.

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How do property prices vary by neighborhood in Surabaya in 2026?

Citraland in West Surabaya is popular among expat families and offers large landed houses and villas within gated clusters, with prices ranging from Rp 6 to 12 billion ($364,000 to $727,000). The premium pricing reflects proximity to international schools, suburban lifestyle amenities, and well-maintained infrastructure.

Pakuwon Indah, also in the west, features upscale landed homes and some higher-end apartments near premium shopping malls, with prices from Rp 5 to 10 billion ($303,000 to $606,000). This area commands high prices due to its planned neighborhoods, modern facilities, and reputation as one of Surabaya's most prestigious addresses.

Darmo in central Surabaya offers larger older homes on valuable land plots, often renovated, with prices between Rp 4 and 9 billion ($242,000 to $545,000). The area remains desirable for its central location, established prestige, and easy access to business districts.

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:

How much more do you pay for properties in Surabaya when you include renovation work, taxes, and fees?

Buyers in Surabaya in 2026 should expect to add roughly 6% to 12% on top of the agreed purchase price to cover taxes, legal fees, and basic renovation or refresh work.

For a property purchased around $200,000 (approximately Rp 3.3 billion), you would typically add about Rp 200 to 280 million ($12,000 to $17,000) for buyer acquisition tax, notary and legal fees, and minor refresh work. This brings your total cost to around Rp 3.5 to 3.6 billion ($212,000 to $218,000).

For a property purchased around $500,000 (approximately Rp 8.25 billion), expect to add roughly Rp 500 to 900 million ($30,000 to $55,000) for taxes, fees, and renovation, bringing your all-in cost to around Rp 8.75 to 9.15 billion ($530,000 to $555,000).

For a property at $1,000,000 (approximately Rp 16.5 billion), additional costs would run about Rp 1 to 1.8 billion ($60,000 to $109,000), so your total investment would reach approximately Rp 17.5 to 18.3 billion ($1.06 to $1.11 million).

Meanwhile, here is a detailed table of the additional expenses you may have to pay when buying a new property in Surabaya

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 (approximately Rp 1.65 billion) in Surabaya as of the first half of 2026, you could purchase an older landed house of 90 to 120 square meters in Rungkut in basic condition, a small family house of 80 to 100 square meters in Kenjeran that likely needs refreshing, or a mid-market apartment of 45 to 60 square meters in Tegalsari.

With $200,000 (approximately Rp 3.3 billion), options include a family landed house of 120 to 160 square meters in Sukomanunggal in existing or renovated condition, a newer cluster house of 110 to 140 square meters in Wiyung, or a larger apartment of 80 to 100 square meters in Manyar with newer finishes.

With $300,000 (approximately Rp 4.95 billion), you could buy a landed house of 180 to 220 square meters in Gubeng with good commute access, a cluster house of 160 to 200 square meters in West Surabaya near Wiyung, or an older prestige house of 200 to 250 square meters in the Darmo area ready for renovation.

With $500,000 (approximately Rp 8.25 billion), expect an upscale landed house of 250 to 350 square meters in Pakuwon Indah in newer or renovated condition, a large family house of 300 to 400 square meters in a Citraland cluster, or a prestige central house of 300 to 450 square meters in Darmo with high land value.

With $1,000,000 (approximately Rp 16.5 billion), you could purchase a high-end villa-style home of 450 to 650 square meters in a premium Citraland cluster, a prime-located large house of 400 to 600 square meters in Darmo that is renovated to high specifications, or a top-tier home of 400 to 550 square meters in the Pakuwon area with luxury finishes.

With $2,000,000 (approximately Rp 33 billion), the market exists but inventory is very limited at any given time. Options include a trophy house on a large 700 to 1,000 square meter land plot in prime Darmo, an ultra-high-end custom-built home of 600 to 900 square meters in premium Pakuwon or Citraland, or a rare compound-style property with multiple buildings in prime West Surabaya.

If you need a more detailed analysis, we have a blog article detailing what you can buy at different budget levels in Surabaya.

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.

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