Price Per Square Metre by Tel Aviv Neighborhood
The citywide median asking price in Tel Aviv-Yafo is ₪54,592/sqm (about $14,755/sqm, or roughly $1,371/sqft), across n = 1,037 tracked active listings, July 2026. By neighborhood, tracked asking runs from about ₪26,105/sqm in Ramat HaHayal to ₪75,000/sqm in Neve Tzedek — and we show each against the registered sale price per square metre.
Why price per square metre is the fair comparison
Headline ticket prices mix together apartment size and location, so a cheap area with big apartments can look pricier than an expensive area with small ones. Price per square metre (₪/sqm) strips out size, leaving the cleanest cross-neighborhood comparison. We report two per-square-metre figures side by side: the asking ₪/sqm from our current snapshot of tracked listings, and the closed ₪/sqm from registered deals on nadlan.gov.il. Each figure carries its sample size (n).
Asking vs closed price per square metre, by neighborhood
The table shows median asking ₪/sqm against median closed ₪/sqm for every Tel Aviv-Yafo neighborhood where both samples reach n ≥ 20, plus the spread between them. Spread = (asking − closed) ÷ closed × 100. A positive spread means sellers are asking above recently recorded sales; a negative spread means asking sits below them. Because the asking side is a current snapshot (July 2026) and the closed side is a trailing window of recorded deals (January 2023–May 2026), the spread is indicative, not a paired like-for-like measurement.
| Neighborhood | Asking ₪/sqm | Closed ₪/sqm | Spread | n asking | n closed |
|---|---|---|---|---|---|
| Neve Tzedek (נווה צדק) | ₪75,000 | ₪70,648 | +6.16% | 89 | 54 |
| Kerem HaTeimanim (כרם התימנים) | ₪72,605 | ₪77,587 | -6.42% | 98 | 60 |
| New North (הצפון החדש) | ₪58,929 | ₪71,560 | -17.65% | 304 | 69 |
| City Center (לב העיר) | ₪57,143 | ₪61,982 | -7.81% | 178 | 165 |
| Old North (הצפון הישן) | ₪55,000 | ₪66,494 | -17.29% | 265 | 48 |
| Bavli (בבלי) | ₪54,375 | ₪68,182 | -20.25% | 107 | 55 |
| American-German Colony / Sarona (המושבה האמריקאית-גרמנית\שרונה) | ₪52,632 | ₪57,143 | -7.89% | 51 | 405 |
| Florentin (פלורנטין) | ₪50,000 | ₪62,500 | -20% | 117 | 36 |
| Jaffa / Noga (שכונת יפו\נגה) | ₪47,726 | ₪43,815 | +8.93% | 22 | 46 |
| Ramat Aviv (רמת אביב) | ₪47,034 | ₪49,438 | -4.86% | 82 | 105 |
| Ramat HaHayal (רמת החייל) | ₪26,105 | ₪35,321 | -26.09% | 39 | 57 |
Asking = tracked active listings snapshot July 2026; closed = registered nadlan.gov.il deals through May 2026. Spread rows shown only where both n ≥ 20.
Price per square metre in dollars ($/sqm and $/sqft)
For international buyers, the same asking figures in US dollars — indicative, at an exchange rate of ₪3.7/$, and converted to square feet using 10.7639 sqft per sqm. Dollar values move with the exchange rate, so treat them as approximate.
| Neighborhood | Asking ₪/sqm | ≈ $/sqm | ≈ $/sqft | n asking |
|---|---|---|---|---|
| Neve Tzedek | ₪75,000 | $20,270 | $1,883 | 89 |
| Kerem HaTeimanim | ₪72,605 | $19,623 | $1,823 | 98 |
| New North | ₪58,929 | $15,927 | $1,480 | 304 |
| City Center | ₪57,143 | $15,444 | $1,435 | 178 |
| Old North | ₪55,000 | $14,865 | $1,381 | 265 |
| Bavli | ₪54,375 | $14,696 | $1,365 | 107 |
| American-German Colony / Sarona | ₪52,632 | $14,225 | $1,322 | 51 |
| Florentin | ₪50,000 | $13,514 | $1,255 | 117 |
| Jaffa / Noga | ₪47,726 | $12,899 | $1,198 | 22 |
| Ramat Aviv | ₪47,034 | $12,712 | $1,181 | 82 |
| Ramat HaHayal | ₪26,105 | $7,055 | $655 | 39 |
| Tel Aviv-Yafo citywide | ₪54,592 | $14,755 | $1,371 | 1,037 |
Dollar figures indicative at ₪3.7/$; $/sqft = $/sqm ÷ 10.7639. Asking prices, not registered sale prices.
Reading the spread
The widest gaps are worth naming. Asking sits furthest below recorded sales in Ramat HaHayal (spread -26.09%; n = 39 asking, 57 closed), while asking runs furthest above recorded sales in Jaffa / Noga (spread +8.93%; n = 22 asking, 46 closed). A large gap can reflect a genuine price divergence, but also a difference in the mix of apartments on the market now versus those that recently sold (size, floor, condition) — which is why we present the spread as indicative and always show both sample sizes. The full method is on the methodology page.
Frequently asked questions
What is the price per square metre in Tel Aviv?
Citywide, the median asking price is ₪54,592/sqm (about $14,755/sqm, or roughly $1,371/sqft), computed over 1,037 tracked active listings, July 2026. By neighborhood, tracked asking ₪/sqm runs from about ₪26,105 in Ramat HaHayal (n = 39) to ₪75,000 in Neve Tzedek (n = 89).
What is the asking-vs-closed spread?
The spread is (median asking ₪/sqm − median closed ₪/sqm) ÷ median closed ₪/sqm × 100 — how far current asking prices per square metre sit above or below recently recorded sale prices in the same neighborhood. A positive spread means sellers are asking more per square metre than the registry shows was recently paid; a negative spread means asking sits below recent recorded sales. We show it only where both the asking and closed samples reach n ≥ 20.
Which Tel Aviv neighborhood has the highest price per square metre?
Among neighborhoods with both an asking and a closed sample of n ≥ 20, Neve Tzedek (נווה צדק) has the highest tracked asking price per square metre at about ₪75,000/sqm (about $20,270/sqm; n = 89 asking, 54 closed, July 2026).
Where are Tel Aviv asking prices furthest below recorded sales?
Ramat HaHayal (רמת החייל) shows the largest negative spread: median asking ₪26,105/sqm against median closed ₪35,321/sqm, a spread of -26.09% (n = 39 asking, 57 closed). Because asking is a snapshot and closed is a trailing window, treat this as indicative, not a like-for-like paired comparison.
How do I convert ₪/sqm to $/sqft?
Divide the ₪/sqm figure by the exchange rate (indicative ₪3.7/$) to get $/sqm, then divide by 10.7639 (square feet per square metre) to get $/sqft. For the citywide median: ₪54,592/sqm ≈ $14,755/sqm ≈ $1,371/sqft. Dollar figures are indicative and move with the exchange rate.
Where this fits in the market data
Price per square metre is one axis of The Tel Aviv Property Report Index. For headline asking prices see Tel Aviv property prices; for how long listings stay up before removal see days on market. Exactly how we collect, join, and gate every number is on the methodology page.