Property rates in Kannur average ₹4,350 per sq ft, showing stability with projections indicating no significant change in the near term. Apartments are priced at this average, while villas have seen a notable 15.47% decrease in value. This suggests a dynamic market with specific segments experiencing adjustments.
Kannur's property market currently averages an asking price of ₹4,350 per sq ft, with near-term forecasts suggesting this rate will hold steady. The market has observed price fluctuations over the past year, with rates peaking in September 2025 at ₹6,300 per sq ft before adjusting downwards. Currently, apartments align with the city's average asking price, while villas have experienced a significant 15.47% decline, now averaging ₹2,450 per sq ft. There is no available data on registration rates, micromarket performance, or developer activity.
Market Strengths
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Kannur's property asking prices have shown variability over recent quarters. After reaching a high of ₹6,300 per sq ft in September 2025, prices are projected to stabilize at ₹4,350 per sq ft by March 2026. This indicates a market correction and subsequent stabilization.
Kannur's real estate market shows distinct pricing across property types. Apartments are priced at the city's average of ₹4,350 per sq ft, with no change observed. Villas, however, have experienced a notable price correction, decreasing by 15.47% to an average of ₹2,450 per sq ft.
As of March 2026, the average asking price for residential properties in Kannur stands at ₹4,350 per sq ft. This rate has remained stable, showing a 0% change from the previous period, indicating a period of price equilibrium in the market.
Property prices in Kannur have seen fluctuations over the past few quarters. From June 2025 to Sep 2025, prices appreciated from ₹5,850 per sq ft to ₹6,300 per sq ft. However, they then depreciated to ₹4,350 per sq ft by Dec 2025 and have maintained this level through March 2026, indicating a significant correction followed by stabilization.
As of March 2026, apartments in Kannur have an average asking price of ₹4,350 per sq ft, which has remained stable. In contrast, villas have seen a notable depreciation, with their average price standing at ₹2,450 per sq ft, a decrease of 15.47% from the previous period. This suggests apartments are currently commanding a higher price point per square foot compared to villas.
The 0% change in Kannur's average asking price between December 2025 and March 2026 signifies market stability. This period of price equilibrium suggests that demand and supply dynamics have balanced out, with no significant upward or downward pressure on property values. For buyers, this could indicate a predictable market, while sellers might be holding firm on their pricing expectations.
Apartment prices in Kannur have experienced a significant downward trend from June 2025 to March 2026. Starting at ₹5,850 per sq ft in June 2025, prices increased to ₹6,300 per sq ft in September 2025, but then saw a sharp decline to ₹4,350 per sq ft by December 2025, a level maintained through March 2026. This indicates a substantial correction in the apartment market after an initial rise.
Villa prices in Kannur have depreciated by 15.47% between the last two reporting periods, as of March 2026. This decline brings the average price for villas to ₹2,450 per sq ft. Such a depreciation might indicate increased supply, reduced demand, or a market adjustment for this specific property type in Kannur.
Property Valuation 
