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Analysis of Second-Hand Apartment Prices in the Tokyo Metropolitan Area

In July 2026, AtHome Corporation released a significant report detailing the price trends of second-hand apartments in the Tokyo Metropolitan area. Conducted by AtHome Lab, a subsidiary of AtHome Corporation, the study reflects a comprehensive analysis of real estate data aimed at consumers, focusing on the fluctuations in average price per unit and the recovery of the housing market.

Key Highlights of the Findings

• - Average Price: The report indicates that the average price for a second-hand apartment in the metropolitan area reached an impressive 59.28 million yen. This marked a consistent increase for 24 consecutive months, both compared to the previous month and the same month last year.
• - Area Performance: Over the past 15 months, all eight surveyed areas exceeded their respective prices from the prior year. Specifically, municipalities such as Tokyo (23 wards/suburbs), Kanagawa Prefecture (including Yokohama and Kawasaki), Saitama City, and parts of Chiba Prefecture saw their highest average prices since January 2017.
• - Tokyo's Performance: Within this context, the 23 wards of Tokyo experienced a slight ascension of 0.2% compared to the previous month, indicating a trend of deceleration in growth after a series of increases.

Survey Overview

The study focused on several key areas within the Tokyo Metropolitan region, encompassing the following locations:

• - Tokyo: including both the 23 wards and other suburban areas.
• - Kanagawa: with emphasis on major cities like Yokohama and Kawasaki.
• - Saitama: particularly Saitama City.
• - Chiba: focusing on the western part of the prefecture, including cities such as Kashiwa, Matsudo, Nagareyama, and others.

The data are sourced from the AtHome real estate information website, providing consumers access to listed second-hand apartments, ensuring unique listings in the analysis.

Price Definitions

In this report, the price is denoted as the 'average registered price per unit (asking price).' For categorization, apartments are classified based on size:

• - Single-oriented apartments: 30 square meters or smaller.
• - Couple-oriented apartments: 30 to 50 square meters.
• - Family-oriented apartments: 50 to 70 square meters.
• - Large family-oriented apartments: over 70 square meters.

Comparative Analysis of Average Prices

According to the comparative data, the average price per apartment in the metropolitan area rose both month-over-month and year-over-year. All eight regions surveyed reported price increases over the previous month, with five areas surpassing a 1% increase in rates. Although the 23 wards of Tokyo are still seeing upward movements, the growth rate has been decreasing for three consecutive months.

As a remarkable indicator, all eight regions maintained their price growth over a year-long period, reinforcing an optimistic outlook on the real estate market recovery. This revival was bolstered as seven out of eight areas, including Tokyo, Kanagawa, Saitama, and specific regions in Chiba, achieved their highest recorded prices since 2017.

For more detailed insights and comprehensive data, you can download the full report in PDF format from the official AtHome website here.