My own measurement · anapajkovic.com listing tracker
MONSTAT publishes contracted prices for new builds, by region, each quarter. It does not cover resale, it does not go below region level, and it says nothing about how long a sale takes. So I track the advertised market myself.
These are asking prices. Nobody has to accept them.
Measured 13 September 2026 · 19,231 live apartment listings · asking, not contracted
| Town | Asking €/m² | 25th-75th percentile | Median asking price | Median size | Days advertised | Live listings | On 2+ agency books |
|---|---|---|---|---|---|---|---|
| Tivat | €4,632 | €3,765-€7,827 | €343,200 | 68 m² | 213 | 2,862 | 65 |
| Kotor | €3,730 | €2,875-€4,375 | €245,000 | 64 m² | 164 | 1,257 | 41 |
| Budva | €3,479 | €2,931-€4,500 | €231,000 | 65 m² | 135 | 5,828 | 54 |
| Herceg Novi | €3,200 | €2,659-€3,875 | €197,500 | 64 m² | 273 | 1,356 | 46 |
| Bar | €2,678 | €2,303-€3,125 | €151,095 | 60 m² | 107 | 1,627 | 28 |
| Podgorica | €2,643 | €2,292-€3,036 | €143,000 | 55 m² | 149 | 5,536 | 34 |
| Kolašin | €2,450 | €2,073-€3,113 | €116,000 | 46 m² | 350 | 281 | 9 |
| Ulcinj | €2,171 | €1,900-€3,000 | €121,600 | 55 m² | 134 | 339 | 17 |
| Nikšić | €1,897 | €1,723-€2,192 | €127,500 | 63 m² | 107 | 50 | 1 |
| Cetinje | €1,873 | €1,576-€2,023 | €103,000 | 61 m² | 229 | 57 | 3 |
| Danilovgrad | €1,527 | €1,187-€1,808 | €124,400 | 72 m² | 235 | 12 | 1 |
A Tivat apartment has been advertised a median of 213 days. Herceg Novi 273. The slowest stock is usually the most optimistically priced, which pulls the median up. Something priced to the market moves faster than these figures suggest.
Herceg Novi takes 273 days to find a buyer and 29 to find a tenant. Tivat is 213 and 98. For a buyer, that gap is the negotiating position. For an owner it means a purchase that has to be let is a different decision from one that has to be resold.
Gross yields run from 4.2% in Herceg Novi to 5.8% in Kolašin, asking rent against asking price. That is before service charge, tax, management and vacancy, so treat it as the ceiling rather than the return.
Verified · every price, date and count read from the live listing record on 13 September 2026.
Derived · days advertised, yields and the multi-agency count are calculated by me. No portal publishes them.
Not checked · an advertisement ending is not a sale. Montenegro keeps no public register of sold prices, so nothing here is confirmed against a transaction.
Coverage is the advertised market from a single portal source. A property sold privately, or through an agency that does not advertise, never appears.
For official contracted new-build prices, see the MONSTAT figures.