Trends in Used Apartment Prices in the Tokyo Metropolitan Area for September 2025

The real estate market in the Tokyo metropolitan area has shown significant fluctuations as 2025 approaches its end. A recent analysis commissioned by At Home Corporation reveals that the average price of used apartments has continued its upward trend. As of September 2025, the average price for a unit in this area reached an impressive 48.35 million yen, marking 14 consecutive months of increases compared to both the previous month and the same month last year.

Latest Highlights

Average Prices in the Metropolitan Area

Specifically, within the four key areas of Tokyo (the 23 wards, local Tokyo, Yokohama, Kawasaki, and Chiba), the average price has exceeded levels not seen since January 2017. The average price in the 23 wards of Tokyo has more than doubled compared to the start of 2017. Such remarkable growth reflects a booming demand for real estate in these areas, despite rising living costs and market challenges.

Price Changes in Other Major Cities

Looking beyond the Tokyo metropolitan area, notable price changes were observed in eight additional regions, including Osaka and Hiroshima. Osaka City continues to experience a rise in prices for eight consecutive periods, while Hiroshima has seen a decline. This trend indicates a differential recovery across Japan's key urban areas, with cities like Sapporo, Kyoto, and Fukuoka also reaching their highest prices since early 2017.

Detailed Area Performance

The data presented by At Home focuses on several target areas, especially key urban regions across the country. Areas reported monthly include Tokyo's 23 wards and surrounding prefectures (Kanagawa, Saitama, Chiba), while quarterly reports feature major cities like Sapporo, Osaka, and Kobe. The unique prices for used apartments were obtained from consumer listings on the At Home real estate information platform, providing a comprehensive look at current market dynamics.

Market Categories

The report categorizes the apartments based on size, suggesting that apartments under 30 square meters are ideal for singles, those between 30 to 50 square meters are suited for couples, while family-oriented units are defined as those between 50 to 70 square meters. Large family units exceeding 70 square meters address the growing need for more spacious accommodations among households.

Future Implications

As the Tokyo metropolitan area continues to set new price records, it will be essential for potential buyers and investors to consider various factors that could influence market behavior going forward. With the index for the average price in the 23 wards hitting an unprecedented figure of 203.5, the real estate landscape is rapidly changing. Keeping an eye on emerging trends will be crucial for anyone looking to navigate this evolving market.

The report further encourages individuals seeking detailed data on price trends and market insights to download the full report available at At Home Corporation.

This ongoing increase in average prices suggests a robust demand in the used apartment market, indicating an exciting but challenging period for both buyers and sellers alike.