#Japan #Tokyo #AtHome #New Home Prices #Tokyo Metropolitan Area

Trends in New Home Prices in the Tokyo Metropolitan Area (September 2025)

As reported by Athome, a leading real estate information company based in Ota City, Tokyo, the trend of new home prices in the Tokyo metropolitan area has shown noteworthy increases. An analysis conducted by Athome Lab indicates that the average price of newly built homes in the metropolitan area has risen to 48.31 million yen, reflecting a moderate increase of 0.1% compared to the previous month and marking the second consecutive month of upward movement. Furthermore, on a year-over-year basis, there is a substantial rise of 5.6%, contributing to a remarkable 13 consecutive months of price escalation.

Key Areas Showing Price Increases

The analysis reveals that five specific areas—the 23 wards of Tokyo, Kanagawa Prefecture (including cities like Yokohama and Kawasaki), Saitama City, and western Chiba Prefecture—have updated their record-high prices since January 2017. Notably, Saitama City marked its highest price since May 2023, after a hiatus of 28 months.

Price Trends in Other Regions

In regions outside of the Tokyo metropolitan area, all eight districts surveyed have reflected prices higher than the same time last year, marking four consecutive quarters of growth. However, declines were noted in Miyagi, Kyoto, and Hiroshima Prefectures compared to the previous cycle. Conversely, areas like Hokkaido, Aichi, Osaka, Hyogo, and Fukuoka have hit their highest price points since the first quarter of 2017, highlighting a resurgence of interest in these markets.

Observations on Price Movements

According to the latest data:

• - The average price across all eight metropolitan areas is showing an upward trend compared to both the previous month and the same month last year.
• - Specifically, six out of the eight areas saw increases from the previous month. The Tokyo outlying areas experienced eight consecutive months of price increases, while Yokohama and Kawasaki recorded seven months of continuous growth.
• - Overall, the eight areas have collectively shown a steady increase for six months comparing year-over-year data.

This consistent increase in housing prices suggests growing demand for newly constructed homes in the Tokyo metropolitan area, potentially driven by various factors including urbanization, population growth, and economic stability. Buyers and investors are, therefore, encouraged to keep a close watch on these trends as they navigate the real estate market.

Data & Methodology

For this analysis, data on new home prices has been sourced from Athome's real estate website, where registered and publicly available new homes reflect only unique listings based on ownership rights. The average registration price (the desired selling price) per unit is the critical metric in this evaluation. This approach helps in accurately portraying the market scenario devoid of overlapping entries.

For further details, you can download the comprehensive PDF report here.