#Tokyo #RealEstate #AtHome

Real Estate Market Report: Tokyo Area's Secondhand Apartments

In a recent survey conducted by AtHome Inc., a leading real estate information service, notable trends have emerged regarding the pricing of secondhand apartments in the Tokyo metropolitan area. The analysis, which was executed by AtHome Lab Inc., highlights significant increases across various regions, based on data publicly registered by consumers. In June 2025, the average price for a secondhand apartment in the capital's metropolitan area reached 46.59 million yen. This marks the first comprehensive increase in prices across all eight monitored areas in over 30 months, as compared to both the previous month and the same month last year.

Key Findings from the Survey

• - Average Price Overview: The average price of secondhand apartments in the Tokyo metropolitan area reached 46.59 million yen as of June 2025, reflecting a significant increase from December 2022. This upward trend indicates a recovery and growth in the real estate market within the area, signaling positive consumer confidence.

• - Historical Highs: Particularly noteworthy were the four districts within Tokyo (including the 23 wards and the surrounding metropolitan area), as well as Kanagawa Prefecture's major cities like Yokohama and Kawasaki. These areas have observed their highest recorded prices since January 2017, highlighting a vibrant recovery in urban real estate trends. Notably, the 23 Wards of Tokyo reflected an astounding 32.5% increase compared to the same month last year, which is the highest percentage since the survey's inception.

Trends Outside of the Metropolitan Area

In the second half of June 2025, secondhand apartment prices within specific cities outside the metropolitan area showed a mixed range of trends. Cities like Sendai and Nagoya exhibited a drop in prices compared to previous periods, whereas major urban centers including Sapporo, Kyoto, Osaka, Kobe, and Fukuoka saw the highest values recorded since early 2017. This variation in pricing trends indicates a diverse landscape in real estate across different regions of Japan, each responding uniquely to local economic conditions.

Areas Monitored

The report comprehensively covers various districts, monitored both monthly and quarterly. Major monthly monitored areas include:

• - Tokyo (23 wards and surrounding areas)
• - Kanagawa (Yokohama, Kawasaki)
• - Saitama (Saitama city)
• - Chiba (western areas including Kashiwa, Matsudo, and more)

The quarterly monitored areas include populous cities like Sapporo, Sendai, Nagoya, Kyoto, Osaka, Kobe, Hiroshima, and Fukuoka, allowing for an extensive overview of trends across the nation.

Pricing Definitions

In terms of definitions, the term