#Japan #Tokyo #Market Report #LIFULL HOME'S #Used Condos

Introduction to the LIFULL HOME'S Market Report

The LIFULL HOME'S Market Report is a monthly analysis derived from real estate and housing data compiled by the real estate information service LIFULL HOME'S. This report aggregates property data and inquiries made by users to real estate agencies, releasing these insights around the 25th of each month. For detailed area-specific data, the report provides information regarding built years, walking distance from stations, and unit size. Excel data for properties listed since February 2021 is available for free download.

• - View LIFULL HOME'S PRESS articles for the Tokyo area
• - View LIFULL HOME'S PRESS articles for the Kinki area
• - View LIFULL HOME'S PRESS articles for Aichi, Sapporo, Sendai, Hiroshima, and Fukuoka

Highlights from July 2025

Following a trend of significant growth, prices for used condominiums, especially in urban areas, show remarkable increases. Here are some key points detailed in the report:

For Singles

• - The average listing price for used condominiums aimed at singles reached 44.67 million yen in the Greater Tokyo Area (Tokyo, Kanagawa, Saitama, Chiba), marking a 127.4% increase compared to the previous year.
• - In the Kinki area (Osaka, Hyogo, Kyoto), the average price reached 26.17 million yen, a 122.3% rise from last year, setting new price records since data collection began in February 2021.
• - The most significant increases were observed in the six central districts of Tokyo (Chiyoda, Minato, Chuo, Shinjuku, Shibuya, Bunkyo) averaging 77.19 million yen (up 145.9% year-on-year) and Osaka's central six districts (Chuo, Kita, Nishi, Fukushima, Tennoji, Naniwa) averaging 43.29 million yen (up 130.1% year-on-year).

For Families

• - The average price for family-oriented used condominiums in the Greater Tokyo Area hit 50.19 million yen, exceeding 50 million yen for the first time since data collection in February 2021.
• - This is an increase of over 10 million yen compared to the previous year's figure of 39.66 million yen (up 126.5%).
• - In the six central districts, prices reached 151 million yen, marking a significant 52.4% increase year-on-year, emphasizing the impact of central Tokyo's price surge on overall market trends.
• - The Kinki area noted average prices of 30.19 million yen (up 112.9%), also revealing two consecutive months above the 30 million yen threshold. Notably, the six central districts of Osaka saw an increase to 83.84 million yen, up 141.5% from last year.

Market Dynamics

One critical observation is that new condominium prices continue to rise; however, the average age of listed properties has gradually decreased over the past year, indicating an influx of relatively newer properties into the market. For instance, the average age of listings in the six central districts of Tokyo has decreased from 30 years to 26 years, while for Osaka, it has dropped from 26 years to 22 years. This trend contributes to the overall increase in listing prices, as newer properties are generally priced higher.

Conclusion

The July 2025 LIFULL HOME'S Market Report highlights a dynamic used condominium market reflecting significant price increases in both the Greater Tokyo and Kinki areas, demonstrating particular growth for singles and families. Insightful analysis can guide potential buyers in making informed decisions in this competitive landscape.

For the latest updates and detailed analyses, please visit the LIFULL HOME'S Press website.
LIFULL HOME'S continues to support informed decision-making in housing and real estate, focusing on empowering individuals to navigate the housing market with confidence.