#Japan #Tokyo #At Home #Tokyo Metropolitan #Used Condominiums

Tokyo Metropolitan Area Used Condominium Prices

Overview

In May 2025, At Home Corporation published a comprehensive report derived from its real estate information network, which explores the price trends of used condominiums throughout the Tokyo metropolitan area. This investigation was conducted by At Home Lab, which provided analysis focused on consumer-registered and publicized data regarding used condominiums.

Key Findings

• - The average price for a used condominium in the metropolitan area reached ¥45.44 million, marking a significant rise that has continued for 10 consecutive months.
• - For the first time in 21 months, all eight areas of the metropolitan region have recorded prices above those of the previous year, as of August 2023.
• - Particularly notable is that four areas, namely Tokyo (both the 23 wards and surrounding districts) and Kanagawa (including Yokohama and Kawasaki), have achieved their highest prices since January 2017. The year-over-year change in the 23 wards of Tokyo stands at an impressive +30.6%, the highest since the study commenced.

Areas Covered

The research focused on several key areas, including:

• - Tokyo (both 23 wards and outlying areas)
• - Kanagawa (Yokohama, Kawasaki, and others)
• - Saitama (Saitama City and others)
• - Chiba (western region, including cities like Kashiwa, Matsudo, and Funabashi)

Data Source

The analysis is based on unique entries publicly registered on the At Home real estate information site. It presents the average listing price per unit of used condominiums, classified by size:

• - Units under 30 square meters are designated as “suitable for singles.”
• - Units ranging 30 to 50 square meters are termed “suitable for couples.”
• - Units from 50 to 70 square meters are classified as “suitable for families.”
• - Units exceeding 70 square meters are categorized as “large family units.”

Price Trajectory

Recent market trends indicate that the average price per condominium has seen an upward trajectory in both month-over-month and year-over-year comparisons. Despite a dip in price in western Chiba compared to the previous month, the remaining seven areas experienced price increases. Remarkably, all eight areas recorded year-over-year increases, with Saitama City marking its first rise in 17 months.

The synchronization of all eight areas surpassing the previous year's prices represents a significant milestone, as the last occurrence was a remarkable 21 months ago in August 2023. With four selected regions, including the 23 wards of Tokyo and Kanagawa areas, reaching their apex prices since January 2017, the data reflects a thriving real estate market, particularly highlighted by the 10 consecutive months of growth in the Tokyo 23 wards, allowing for a historic year-on-year increase of +30.6%.

For more detailed information, a PDF download of the complete study is available at this link.