Japan Housing Market 2026: Booming Condos, Shrinking Towns
Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 254,666
In short
- 1Two markets moving in opposite directions
Japan's population fell 2.5% between 2020 and 2025, yet the median price per m² of a used condo rose about a third over the same period and has nearly doubled since 2013.
- 2Land tells the quieter story
On the government's fixed benchmark sites, which are valued the same way every year, residential land rose 2.1% on average in the year to January 2026 and about 9% over five years.
- 3Households are growing even as people decline
The number of households rose 2.3% while the population fell, because more people live alone or in couples.
- 4One in seven homes is empty
In 2023, 13.8% of Japan's homes were vacant.
- 5Risk is part of the price
On the national seismic model, the average Japanese resident lives somewhere with a 38% chance of shaking of intensity 6-lower or stronger in the next 30 years, and 43% of the official benchmark sites fall somewhere inside a worst-case flood zone (most of them shallow).
The answers, compared
What does a home cost?
¥26.0M
median used condo · ¥558k/m²
- HighestTokyo ¥1.1M/m²
- LowestKagawa ¥172k/m²
prefectures with 100+ condo sales
Are prices rising?
+33.4%
over 5 years
- HighestTochigi +51.7%
- LowestIwate -22.3%
prefectures with 100+ condo sales
Can local earners afford it?
6.6× income
median price ÷ average taxable income
- HighestOkinawa 9.2×
- LowestKagawa 3.2×
prefectures with 100+ condo sales
Rent or buy?
38years of rent
median price ÷ a year of median rent
- HighestOkinawa 49 years of rent
- LowestKagawa 19 years of rent
prefectures with 100+ condo sales
Rent in Japan
The average private rental costs ¥65k a month (2023), +5.7% since 2018.
| Floor area | Typical layout | Average rent / month | Japan |
|---|---|---|---|
| under 30 m² studio / 1K | studio / 1K | ¥53k vs 2018 +5.0% | |
| 30–49 m² 1LDK / 2DK | 1LDK / 2DK | ¥64k vs 2018 +6.6% | |
| 50–69 m² 2LDK / 3DK | 2LDK / 3DK | ¥75k vs 2018 +6.6% | |
| 70–99 m² 3LDK / family | 3LDK / family | ¥88k vs 2018 +7.6% | |
| 100–149 m² mostly houses | mostly houses | ¥84k vs 2018 +6.4% | |
| 150 m² + mostly houses | mostly houses | ¥91k vs 2018 +18.8% |
- Rent per m²
- ¥1,598
- median, per month
- The median used condo (¥26.0M, 60 m²) costs about 29 years of average rent for a similar-sized home (¥75k a month).
- Excludes management fees, repair reserve, property tax and mortgage interest.
Source: Statistics Bureau of Japan, Housing and Land Survey 2023. Privately owned rentals (excluding rent-free homes), monthly rent without management fees. These averages include older homes, so they run below asking rents for newly listed units. 15,639,600 rented homes.
Two markets moving in opposite directions
Japan's population fell 2.5% between 2020 and 2025, yet the median price per m² of a used condo rose about a third over the same period and has nearly doubled since 2013. Both trends are real, and they are happening in different places. Demand is concentrating in big cities and well-connected suburbs, while much of the country is emptying out. In 2025, for the first time in the data, the median used condo sold for more than the median house with its land.
Land tells the quieter story
On the government's fixed benchmark sites, which are valued the same way every year, residential land rose 2.1% on average in the year to January 2026 and about 9% over five years. That is far less than condo prices. Nationally, residential land is still about half its 1991 bubble level. Most of the condo boom is about scarce, convenient city-center locations and the cost of building, not a broad rise in land values.
Households are growing even as people decline
The number of households rose 2.3% while the population fell, because more people live alone or in couples. That supports demand for small, central homes, and it explains why studio and one-bedroom condos trade so actively in the big cities.
One in seven homes is empty
In 2023, 13.8% of Japan's homes were vacant. About half of those were rentals between tenants. Most of the rest were second homes or homes for sale; 5.9% of all homes were genuinely unused houses (akiya), mostly in rural areas. Akiya are the reason houses in declining towns sell for little more than their land.
Risk is part of the price
On the national seismic model, the average Japanese resident lives somewhere with a 38% chance of shaking of intensity 6-lower or stronger in the next 30 years, and 43% of the official benchmark sites fall somewhere inside a worst-case flood zone (most of them shallow). Buyers increasingly check hazard maps, and the city pages below show how exposure varies from place to place.
Rents vs prices
A median used condo now costs about 38 years of the national median rent. That ratio is high, so in most of Japan buying is a bet on stability and long-term use rather than on rental income.
How to use these reports
Start with a prefecture, then open the city or ward. Each page combines transaction prices with population, vacancy, hazard and official land-price data so you can see not just what homes cost, but why.
Living in Japan: people, homes and risks
- Population 2025
- 123,049,524
- -2.5% since 2020
- Vacant homes (2023)
- 13.8%
- 5.9% empty and not for rent or sale
- Median rent (2023)
- ¥57k
- per month, all rented homes
- Strong earthquake risk
- 38.4%
- chance of shaking of intensity 6-lower or more within 30 years
- Average income per taxpayer
- ¥3.9M
- taxable income in 2023
- Foreign residents
- 3.0%
- 3,677,463 registered residents in 2024
- Clinics
- 8.5
- per 10,000 residents; 8,269 hospitals, 68,860 dental clinics (2020)
- Official land price 2026
- ¥74k/m²
- +2.1% in a year · +9.2% in 5 years
- Flood exposure
- 42.6%
- of 24399 benchmark sites in a worst-case flood zone (8.9% 3 m or deeper)
- Tsunami exposure
- 7.8%
- of 24399 benchmark sites in a tsunami inundation zone
- Landslide exposure
- 2.6%
- of 24399 benchmark sites in a landslide warning area
Check flood, landslide and tsunami zones for a specific address on the government hazard map ↗
Sources: 2025 Census (preliminary), 2025 Internal Migration Report, 2023 Housing and Land Survey (Statistics Bureau of Japan); J-SHIS seismic hazard model (NIED, 2024); Land Price Publication (MLIT); recorded crime: Tokyo Metropolitan Police Department (Tokyo only); incomes: Ministry of Internal Affairs taxation survey via the Statistics Bureau's municipal indicators; foreign residents: Basic Resident Register; medical facilities and station passengers: MLIT National Land Numerical Information. Earthquake probability is measured at the municipal center.
Example sales in Japan
Real transactions from the last four quarters, picked near the lower (20th percentile), middle and upper (80th percentile) price points. Locations are shown at district level, as published by MLIT.
Condo
¥14.0M
¥215k/m²
- Minami7jonishi, Chuo Ward, Sapporo City
- Nishi Juitchome · 16 min walk
- 1LDK · 65 m²
- Built 1974 (52 yrs) · RC
¥27.0M
¥450k/m²
- Minami9jonishi, Chuo Ward, Sapporo City
- Yamahana Ku Jo · 5 min walk
- 3LDK · 60 m²
- Built 2007 (19 yrs) · RC
¥49.0M
¥516k/m²
- Minami3jonishi, Chuo Ward, Sapporo City
- Nishi Juitchome · 7 min walk
- 3LDK · 95 m²
- Built 2005 (21 yrs) · SRC
House
¥6.5M
¥45k/m²
- Ishiyama1jo, Minami Ward, Sapporo City
- Makomanai
- Land 195 m² · floor 145 m²
- Built 1994 (32 yrs) · Wood
¥25.0M
¥132k/m²
- Kita19johigashi, Higashi Ward, Sapporo City
- Kanjo Dori Higashi · 10 min walk
- Land 160 m² · floor 190 m²
- Built 1987 (39 yrs) · Wood
¥50.0M
¥294k/m²
- Kita18johigashi, Higashi Ward, Sapporo City
- Kita Juhachi Jo · 11 min walk
- Land 110 m² · floor 170 m²
- Built 2019 (7 yrs) · Wood
Show data table
| Year | Condo | House |
|---|---|---|
| 2005 | ¥19.0M | ¥40.0M |
| 2006 | ¥18.0M | ¥35.0M |
| 2007 | ¥17.0M | ¥27.0M |
| 2008 | ¥17.0M | ¥24.0M |
| 2009 | ¥17.0M | ¥23.0M |
| 2010 | ¥18.0M | ¥23.0M |
| 2011 | ¥17.0M | ¥23.0M |
| 2012 | ¥17.0M | ¥23.0M |
| 2013 | ¥17.0M | ¥23.0M |
| 2014 | ¥18.0M | ¥23.0M |
| 2015 | ¥19.0M | ¥24.0M |
| 2016 | ¥19.0M | ¥24.0M |
| 2017 | ¥20.0M | ¥24.0M |
| 2018 | ¥21.0M | ¥24.0M |
| 2019 | ¥22.0M | ¥24.0M |
| 2020 | ¥22.0M | ¥25.0M |
| 2021 | ¥23.0M | ¥26.0M |
| 2022 | ¥23.0M | ¥25.0M |
| 2023 | ¥24.0M | ¥25.0M |
| 2024 | ¥25.0M | ¥25.0M |
| 2025 | ¥26.0M | ¥25.0M |
| 2026 (partial) | ¥27.0M | ¥24.0M |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2005 | ¥400k/m² | ¥358k/m² | ¥190k/m² |
| 2006 | ¥350k/m² | ¥300k/m² | ¥100k/m² |
| 2007 | ¥300k/m² | ¥225k/m² | ¥50k/m² |
| 2008 | ¥293k/m² | ¥200k/m² | ¥44k/m² |
| 2009 | ¥290k/m² | ¥188k/m² | ¥42k/m² |
| 2010 | ¥300k/m² | ¥191k/m² | ¥43k/m² |
| 2011 | ¥300k/m² | ¥191k/m² | ¥42k/m² |
| 2012 | ¥286k/m² | ¥190k/m² | ¥39k/m² |
| 2013 | ¥300k/m² | ¥191k/m² | ¥37k/m² |
| 2014 | ¥314k/m² | ¥190k/m² | ¥36k/m² |
| 2015 | ¥333k/m² | ¥200k/m² | ¥36k/m² |
| 2016 | ¥360k/m² | ¥200k/m² | ¥37k/m² |
| 2017 | ¥373k/m² | ¥200k/m² | ¥36k/m² |
| 2018 | ¥386k/m² | ¥200k/m² | ¥36k/m² |
| 2019 | ¥400k/m² | ¥200k/m² | ¥37k/m² |
| 2020 | ¥418k/m² | ¥218k/m² | ¥37k/m² |
| 2021 | ¥443k/m² | ¥219k/m² | ¥37k/m² |
| 2022 | ¥480k/m² | ¥205k/m² | ¥38k/m² |
| 2023 | ¥500k/m² | ¥200k/m² | ¥40k/m² |
| 2024 | ¥529k/m² | ¥200k/m² | ¥43k/m² |
| 2025 | ¥558k/m² | ¥200k/m² | ¥46k/m² |
| 2026 (partial) | ¥564k/m² | ¥184k/m² | ¥45k/m² |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | ¥1.0M/m² | ¥380k/m² |
| 1 | ¥1.1M/m² | ¥340k/m² |
| 2 | ¥900k/m² | ¥347k/m² |
| 3 | ¥850k/m² | ¥337k/m² |
| 4 | ¥867k/m² | ¥333k/m² |
| 5 | ¥880k/m² | ¥313k/m² |
| 6 | ¥907k/m² | ¥314k/m² |
| 7 | ¥900k/m² | ¥300k/m² |
| 8 | ¥880k/m² | ¥295k/m² |
| 9 | ¥857k/m² | ¥282k/m² |
| 10 | ¥840k/m² | ¥264k/m² |
| 11 | ¥833k/m² | ¥258k/m² |
| 12 | ¥769k/m² | ¥248k/m² |
| 13 | ¥733k/m² | ¥242k/m² |
| 14 | ¥680k/m² | ¥227k/m² |
| 15 | ¥650k/m² | ¥220k/m² |
| 16 | ¥655k/m² | ¥216k/m² |
| 17 | ¥647k/m² | ¥210k/m² |
| 18 | ¥633k/m² | ¥200k/m² |
| 19 | ¥615k/m² | ¥191k/m² |
| 20 | ¥600k/m² | ¥181k/m² |
| 21 | ¥567k/m² | ¥176k/m² |
| 22 | ¥533k/m² | ¥166k/m² |
| 23 | ¥500k/m² | ¥157k/m² |
| 24 | ¥462k/m² | ¥144k/m² |
| 25 | ¥435k/m² | ¥136k/m² |
| 26 | ¥400k/m² | ¥130k/m² |
| 27 | ¥369k/m² | ¥127k/m² |
| 28 | ¥350k/m² | ¥121k/m² |
| 29 | ¥320k/m² | ¥116k/m² |
| 30 | ¥277k/m² | ¥121k/m² |
| 31 | ¥255k/m² | ¥113k/m² |
| 32 | ¥250k/m² | ¥111k/m² |
| 33 | ¥253k/m² | ¥110k/m² |
| 34 | ¥260k/m² | ¥112k/m² |
| 35 | ¥277k/m² | ¥112k/m² |
| 36 | ¥293k/m² | ¥111k/m² |
| 37 | ¥320k/m² | ¥109k/m² |
| 38 | ¥329k/m² | ¥100k/m² |
| 39 | ¥325k/m² | ¥94k/m² |
| 40 | ¥313k/m² | ¥88k/m² |
| 41 | ¥300k/m² | ¥85k/m² |
| 42 | ¥291k/m² | ¥79k/m² |
| 43 | ¥283k/m² | ¥77k/m² |
| 44 | ¥283k/m² | ¥76k/m² |
| 45 | ¥277k/m² | ¥75k/m² |
| 46 | ¥260k/m² | ¥71k/m² |
| 47 | ¥233k/m² | ¥70k/m² |
| 48 | ¥215k/m² | ¥70k/m² |
| 49 | ¥220k/m² | ¥70k/m² |
| 50 | ¥236k/m² | ¥71k/m² |
Each line follows buildings from one construction period over time. 1981 is when Japan's current earthquake-resistance standard (shin-taishin) took effect.
Show data table
| Year | 1971-1980 | 1981-2000 | 2001-2010 | 2011-2020 |
|---|---|---|---|---|
| 2005 | ¥250k/m² | ¥357k/m² | ¥821k/m² | – |
| 2006 | ¥217k/m² | ¥300k/m² | ¥720k/m² | – |
| 2007 | ¥186k/m² | ¥257k/m² | ¥568k/m² | – |
| 2008 | ¥183k/m² | ¥243k/m² | ¥493k/m² | – |
| 2009 | ¥167k/m² | ¥227k/m² | ¥444k/m² | – |
| 2010 | ¥170k/m² | ¥227k/m² | ¥480k/m² | ¥781k/m² |
| 2011 | ¥169k/m² | ¥229k/m² | ¥455k/m² | ¥718k/m² |
| 2012 | ¥160k/m² | ¥227k/m² | ¥420k/m² | ¥660k/m² |
| 2013 | ¥169k/m² | ¥233k/m² | ¥431k/m² | ¥686k/m² |
| 2014 | ¥175k/m² | ¥243k/m² | ¥450k/m² | ¥683k/m² |
| 2015 | ¥186k/m² | ¥253k/m² | ¥463k/m² | ¥707k/m² |
| 2016 | ¥200k/m² | ¥267k/m² | ¥500k/m² | ¥754k/m² |
| 2017 | ¥200k/m² | ¥275k/m² | ¥509k/m² | ¥750k/m² |
| 2018 | ¥200k/m² | ¥277k/m² | ¥527k/m² | ¥750k/m² |
| 2019 | ¥213k/m² | ¥283k/m² | ¥550k/m² | ¥750k/m² |
| 2020 | ¥222k/m² | ¥286k/m² | ¥563k/m² | ¥800k/m² |
| 2021 | ¥222k/m² | ¥300k/m² | ¥579k/m² | ¥800k/m² |
| 2022 | ¥246k/m² | ¥323k/m² | ¥622k/m² | ¥840k/m² |
| 2023 | ¥255k/m² | ¥343k/m² | ¥636k/m² | ¥857k/m² |
| 2024 | ¥250k/m² | ¥343k/m² | ¥653k/m² | ¥900k/m² |
| 2025 | ¥267k/m² | ¥350k/m² | ¥680k/m² | ¥950k/m² |
| 2026 (partial) | ¥262k/m² | ¥367k/m² | ¥700k/m² | ¥975k/m² |
Each line follows buildings from one construction period over time. 1981 is when Japan's current earthquake-resistance standard (shin-taishin) took effect.
Show data table
| Year | 1971-1980 | 1981-2000 | 2001-2010 | 2011-2020 |
|---|---|---|---|---|
| 2005 | ¥240k/m² | ¥282k/m² | ¥430k/m² | – |
| 2006 | ¥184k/m² | ¥218k/m² | ¥388k/m² | – |
| 2007 | ¥127k/m² | ¥155k/m² | ¥330k/m² | – |
| 2008 | ¥109k/m² | ¥133k/m² | ¥310k/m² | – |
| 2009 | ¥100k/m² | ¥121k/m² | ¥305k/m² | – |
| 2010 | ¥97k/m² | ¥122k/m² | ¥300k/m² | ¥327k/m² |
| 2011 | ¥93k/m² | ¥122k/m² | ¥235k/m² | ¥317k/m² |
| 2012 | ¥88k/m² | ¥119k/m² | ¥207k/m² | ¥310k/m² |
| 2013 | ¥90k/m² | ¥120k/m² | ¥205k/m² | ¥312k/m² |
| 2014 | ¥87k/m² | ¥119k/m² | ¥200k/m² | ¥310k/m² |
| 2015 | ¥84k/m² | ¥119k/m² | ¥200k/m² | ¥310k/m² |
| 2016 | ¥83k/m² | ¥118k/m² | ¥200k/m² | ¥317k/m² |
| 2017 | ¥81k/m² | ¥117k/m² | ¥200k/m² | ¥318k/m² |
| 2018 | ¥81k/m² | ¥114k/m² | ¥200k/m² | ¥320k/m² |
| 2019 | ¥77k/m² | ¥111k/m² | ¥193k/m² | ¥327k/m² |
| 2020 | ¥71k/m² | ¥109k/m² | ¥191k/m² | ¥325k/m² |
| 2021 | ¥73k/m² | ¥113k/m² | ¥200k/m² | ¥307k/m² |
| 2022 | ¥77k/m² | ¥116k/m² | ¥205k/m² | ¥300k/m² |
| 2023 | ¥73k/m² | ¥114k/m² | ¥200k/m² | ¥305k/m² |
| 2024 | ¥71k/m² | ¥114k/m² | ¥200k/m² | ¥300k/m² |
| 2025 | ¥69k/m² | ¥113k/m² | ¥200k/m² | ¥290k/m² |
| 2026 (partial) | ¥64k/m² | ¥109k/m² | ¥191k/m² | ¥292k/m² |
Prices by area in Japan
Median prices for 2025. Sorted by condo price per m² (or house price per m² where there are few condo sales).
| Area | Condo price per m² | Median used condo price | Median house price (land + building) | Residential land per m² (sales) | Condo 5-yr change |
|---|---|---|---|---|---|
| Tokyo | ¥1.1M/m² | ¥37.0M | ¥63.0M | ¥520k/m² | +26.5% |
| Kanagawa | ¥571k/m² | ¥29.0M | ¥43.0M | ¥180k/m² | +28.6% |
| Osaka | ¥554k/m² | ¥22.0M | ¥27.0M | ¥170k/m² | +50.0% |
| Kyoto | ¥545k/m² | ¥22.0M | ¥24.0M | ¥150k/m² | +36.4% |
| Okinawa | ¥453k/m² | ¥30.0M | ¥39.0M | ¥52k/m² | +13.3% |
| Fukuoka | ¥420k/m² | ¥18.0M | ¥29.0M | ¥47k/m² | +43.2% |
| Saitama | ¥415k/m² | ¥25.0M | ¥31.0M | ¥80k/m² | +32.2% |
| Hyogo | ¥400k/m² | ¥22.0M | ¥23.0M | ¥78k/m² | +30.0% |
| Chiba | ¥354k/m² | ¥24.0M | ¥29.0M | ¥70k/m² | +27.8% |
| Shiga | ¥343k/m² | ¥24.0M | ¥21.0M | ¥42k/m² | +8.3% |
| Nagano | ¥341k/m² | ¥24.0M | ¥16.0M | ¥18k/m² | +19.2% |
| Hiroshima | ¥329k/m² | ¥23.0M | ¥23.0M | ¥65k/m² | +9.8% |
| Aichi | ¥323k/m² | ¥20.0M | ¥35.0M | ¥96k/m² | +19.0% |
| Miyagi | ¥320k/m² | ¥20.0M | ¥26.0M | ¥55k/m² | +17.9% |
| Nagasaki | ¥312k/m² | ¥23.5M | ¥13.0M | ¥24k/m² | +21.3% |
| Yamanashi | ¥294k/m² | ¥18.0M | ¥13.0M | ¥23k/m² | +69.0% |
| Okayama | ¥293k/m² | ¥21.0M | ¥17.0M | ¥39k/m² | +15.5% |
| Kagoshima | ¥291k/m² | ¥22.0M | ¥11.0M | ¥18k/m² | +1.2% |
| Kumamoto | ¥277k/m² | ¥19.0M | ¥20.0M | ¥28k/m² | +29.5% |
| Toyama | ¥273k/m² | ¥18.0M | ¥12.0M | ¥26k/m² | +47.7% |
| Wakayama | ¥267k/m² | ¥18.0M | ¥6.5M | ¥24k/m² | +58.7% |
| Nara | ¥262k/m² | ¥19.0M | ¥19.0M | ¥61k/m² | +31.0% |
| Mie | ¥257k/m² | ¥20.0M | ¥11.0M | ¥19k/m² | +21.4% |
| Ibaraki | ¥254k/m² | ¥18.0M | ¥14.0M | ¥15k/m² | +9.4% |
| Tottori | ¥252k/m² | ¥18.0M | ¥11.0M | ¥24k/m² | +25.8% |
| Ishikawa | ¥248k/m² | ¥16.0M | ¥15.0M | ¥33k/m² | +16.0% |
| Tochigi | ¥246k/m² | ¥15.0M | ¥19.0M | ¥20k/m² | +51.7% |
| Hokkaido | ¥245k/m² | ¥17.0M | ¥14.0M | ¥29k/m² | +22.6% |
| Fukui | ¥243k/m² | ¥16.0M | ¥11.0M | ¥36k/m² | +40.1% |
| Gifu | ¥243k/m² | ¥20.0M | ¥13.0M | ¥29k/m² | +21.4% |
| Niigata | ¥238k/m² | ¥16.0M | ¥12.0M | ¥28k/m² | +27.2% |
| Shimane | ¥233k/m² | ¥18.5M | ¥9.0M | ¥20k/m² | +0.5% |
| Shizuoka | ¥231k/m² | ¥16.0M | ¥19.0M | ¥56k/m² | +15.6% |
| Kochi | ¥231k/m² | ¥15.0M | ¥12.0M | ¥45k/m² | +21.5% |
| Saga | ¥225k/m² | ¥18.0M | ¥17.0M | ¥24k/m² | +5.0% |
| Yamagata | ¥225k/m² | ¥15.0M | ¥11.0M | ¥23k/m² | -2.4% |
| Miyazaki | ¥223k/m² | ¥17.0M | ¥15.0M | ¥24k/m² | -0.2% |
| Gunma | ¥215k/m² | ¥15.0M | ¥13.5M | ¥22k/m² | +16.0% |
| Ehime | ¥213k/m² | ¥14.0M | ¥13.0M | ¥40k/m² | -11.1% |
| Oita | ¥209k/m² | ¥15.0M | ¥17.0M | ¥30k/m² | +11.9% |
| Fukushima | ¥200k/m² | ¥13.0M | ¥15.0M | ¥24k/m² | 0.0% |
| Yamaguchi | ¥200k/m² | ¥15.0M | ¥12.0M | ¥28k/m² | +6.7% |
| Iwate | ¥185k/m² | ¥12.0M | ¥12.0M | ¥21k/m² | -22.3% |
| Akita | ¥176k/m² | ¥11.0M | ¥9.5M | ¥14k/m² | -17.7% |
| Tokushima | ¥173k/m² | ¥11.0M | ¥12.5M | ¥32k/m² | -8.4% |
| Kagawa | ¥172k/m² | ¥11.0M | ¥13.0M | ¥24k/m² | +9.5% |
| Aomori | ¥144k/m² | ¥9.7M | ¥10.0M | ¥18k/m² | -9.8% |
Used condo prices by layout in Japan
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 3LDK | ¥30.0M | 70 m² | 60913 |
| 1K | ¥20.0M | 20 m² | 30507 |
| 2LDK | ¥31.0M | 60 m² | 26056 |
| 4LDK | ¥28.0M | 85 m² | 10653 |
| 1LDK | ¥33.0M | 40 m² | 9898 |
| 1DK | ¥23.0M | 30 m² | 4608 |
| 2DK | ¥17.0M | 45 m² | 4043 |
| 1R | ¥9.0M | 15 m² | 1563 |
How much does an apartment cost in Japan?
The median used condo (mansion) in Japan sold for ¥26.0M in 2025, about ¥558k/m², based on 55877 recorded sales.
How much does a house cost in Japan?
The median house sale, including the land, was ¥25.0M in 2025 across 114829 sales.
Are property prices in Japan going up?
Over the five years to 2025, condo prices per m² changed +33.4% and residential land prices changed +24.3%.
About this data
Figures are medians of real transactions reported to Japan's Ministry of Land, Infrastructure, Transport and Tourism (MLIT) through its quarterly price survey. House prices per m² divide the total price (land and building) by the floor area. Medians based on fewer than 20 sales are not shown. The latest quarters are preliminary and are revised as more survey responses arrive.
Information only, not investment advice.