Bilbao’s most surprising housing-market finding isn’t the number of outliers — it’s how skewed they are. Out of 17 unusual listings, just 2 are cheap while 15 are expensive, meaning 88.2% of the city’s detected outliers sit on the high end. That’s a pretty clear sign that Bilbao’s market is stretching upward, not downward.
Against a median price of €3,928 per m², the extremes stand out even more. The two bargain listings in Basurtu - Zorrotza are priced at just €52 per m² and €333 per m², far below the city baseline. In other words, truly cheap opportunities exist — but they’re rare and very isolated.
What makes this interesting is the signal it sends to buyers and investors: Bilbao doesn’t appear to be flooded with distressed or undervalued stock. Instead, the outlier pattern suggests sellers are more often pushing prices above the norm than below it, which can make genuine deals harder to find.
Read the full analysis with interactive charts and district-level data on Realty Pulse
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