Kannur
The real estate market in Kannur currently exhibits a period of stability following notable fluctuations earlier in the year. While the city average asking price sits at ₹4,350 per sq ft, the market dynamics vary significantly depending on the property category. Residential apartments continue to command the average rate, providing a consistent benchmark for buyers, whereas the villa segment has undergone a significant downward correction. This shift suggests a recalibration of values as the local market adjusts to current demand levels.
The average asking price in Kannur is ₹4,350 per sq ft as of March 2026. This rate has remained stable with a 0% change compared to December 2025, indicating a period of price consistency in the local residential apartment market.
Property prices in Kannur have shown a mixed trajectory over the last few quarters, moving from ₹5,850 per sq ft in June 2025 to ₹6,300 per sq ft in September 2025, before correcting to ₹4,350 per sq ft by December 2025 and maintaining that level through March 2026. This fluctuation suggests a market adjustment period, providing a more stable entry point for buyers looking to enter the city as of March 2026.
As of March 2026, apartments in Kannur command an average asking price of ₹4,350 per sq ft, while villas are priced at an average of ₹2,450 per sq ft. Notably, the villa segment has experienced a depreciation of 15.47% compared to the previous period, whereas apartment prices have remained stable with a 0% change, reflecting different demand dynamics for these two property types.
