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House prices in Setúbal

In Setúbal, the median price of homes sold from April 2025 to March 2026 was 2,638 €/m². Compared with the previous 12 months (April 2024 to March 2025), the price rose 25.9%. It is the 6th most expensive municipality in Setúbal district, out of 13 with data.

Data: INE, homes sold from April 2025 to March 2026 · published on 17 July 2026

2,638 €/m²all homes
2,571 €/m²existing homes
3,093 €/m²new homes
+25.9%change in a year

What the figures say

  • It is 22% above the national figure (2,168 €/m²).
  • The typical municipality in Setúbal district is at 2,608 €/m²; prices range from 1,932 €/m² (Alcácer do Sal) to 3,267 €/m² (Almada).
  • New homes sold 20% above existing ones.
  • At the median price, 100 m² comes to about 264,000 €.
  • In new leases from July 2025 to June 2026, the median rent was 11.20 €/m² a month, a gross yield of 5.1% a year. See rents and yields on the map →
  • The bank valuation for August 2026 was 2,736 €/m² (apartments 2,770, houses 2,597). It is the value banks give to homes bought with a mortgage, so it can differ from the sale price.

Price by parish

The INE publishes its own figure for 4 parishes in Setúbal, where there were enough sales.

ParishAll€/m²Existing€/m²New€/m²In a year
União das freguesias de Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça)2,8472,7213,266+27.4%
União das freguesias de Azeitão (São Lourenço e São Simão)2,8362,7573,145+15.5%
Gâmbia-Pontes-Alto da Guerra2,7392,7012,880+14.6%
Setúbal (São Sebastião)2,4472,444··

· no figure published by the INE (few sales).

See Setúbal on the price map →

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Questions about prices in Setúbal

How much does a square metre cost in Setúbal?

According to the INE, the median price of homes sold in Setúbal from April 2025 to March 2026 was 2,638 €/m²: 2,571 €/m² for existing homes and 3,093 €/m² for new ones. At the median price, 100 m² comes to about 264,000 €.

Are house prices rising in Setúbal?

Compared with the previous 12 months (April 2024 to March 2025), the price rose 25.9%.

What is my home worth in Setúbal?

It depends on the parish, condition, floor and finishes, which can move the value a long way from the municipal median. The estimate on this page gives a first figure; for an accurate one, we take the details of your home and do a free valuation based on real sales nearby. Call us on +351 913 066 964.

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