Trends in Newly Built House Prices in Greater Tokyo Region as of February 2026

In February 2026, the real estate information service AtHome, based in Ota-ku, Tokyo, released insights into the pricing trends of newly built houses in the Greater Tokyo region. Their findings indicate a stabilization of prices month-over-month while showcasing a consistent upward trajectory year-over-year. In collaboration with AtHome Lab, which specializes in real estate analysis and resides in Chiyoda-ku, Tokyo, this report is a significant resource for understanding the local market dynamics.

Key Highlights

- The average price for newly built detached houses in the Greater Tokyo area stands at ¥48,980,000, reflecting no change from the previous month, yet a notable increase of 5.2% compared to the same month last year, marking 18 consecutive months of growth.
- Every one of the eight regions surveyed has reported a year-on-year price increase for 11 consecutive months.
- Tokyo (both the 23 wards and its outskirts) has registered the highest prices since January 2017, with the outlying areas experiencing a record-breaking increase for 12 consecutive months.

Survey Overview

The analysis zeroes in on several key areas within the Greater Tokyo region. The specific locales surveyed include:

- Tokyo (23 Wards and Outskirts)
- Kanagawa Prefecture (including Yokohama and Kawasaki)
- Saitama Prefecture (notably Saitama City)
- Chiba Prefecture (mainly western cities like Kashiwa and Matsudo)

The focus is primarily on newly built detached houses registered on the AtHome platform, assessed solely through ownership listings and avoiding duplicate entries to ensure accuracy in reporting. The term “price” in this study refers to the average listed price for each unit.

Current Market Dynamics

As of February 2026, the average price across the Greater Tokyo region remained stable compared to the previous month, reflecting a cool-off period despite the ongoing year-over-year growth. Specifically, the average price saw increases in the areas of Tokyo (both 23 wards and surrounding regions), while other areas, particularly western Chiba, have experienced a decline for three consecutive months. This trend suggests a potential slowdown in the momentum of price hikes observed since the beginning of 2026.

Despite these fluctuations, all eight regions reviewed have consistently outperformed the prices from the same month the previous year. The data indicates that two specific areas in Tokyo have surpassed their price records since January 2017, with the outskirts of Tokyo marking a continuous record for 12 months.

Conclusion

For prospective homeowners, investors, and stakeholders, the report indicates a nuanced landscape. While prices are stabilizing monthly, the continuing year-on-year growth suggests underlying demand remains robust in the Greater Tokyo property market. However, with certain areas showing signs of cooling, it may signal an essential point of consideration for those planning future investments.

For more comprehensive information, view the detailed report available for download here.