#Japan #Tokyo #Real Estate #Price Trends

Real Estate Price Trends in the Tokyo Metropolitan Area

In December 2025, a recent analysis by At Home Inc. has unveiled significant trends in the pricing of new detached houses within the Tokyo metropolitan area. Collaborating with At Home Lab, the comprehensive report offers insights not only into price fluctuations but also forecasts for the housing market's trajectory.

Overview of Findings

The average price for new detached houses in the Tokyo area reached an impressive ¥49.1 million, marking a 0.5% increase from the previous month. This signifies the fifth consecutive month of price growth, showcasing an even more substantial 6.1% rise when compared to the same month the previous year. Notably, this trend reflects a sustained increase over the last 16 months.

Areas of Interest

Six specific regions—including the 23 wards of Tokyo, Yokohama and Kawasaki in Kanagawa, and Saitama City—have all reached their highest prices since January 2017. The sustained growth across these regions is indicative of heightened demand and robust market activity.

Comparative Analysis with Other Areas

Looking beyond the Tokyo metropolitan area, the report provides transparency into the price trends in eight other regions throughout Japan for the last quarter of 2025. Aichi Prefecture has seen a 7-term consecutive rise, while Fukuoka has recorded an 8-term increase. Interestingly, Kyoto is the only area that experienced a decrease when comparing year-over-year statistics.

Regions such as Hokkaido, Aichi, Osaka, Hyogo, and Fukuoka have recorded the highest prices since the first quarter of 2017, emphasizing the growing demand and valuation of properties outside of the capital. Such patterns suggest a potential normalization in housing prices across various urban developments.

Methodology of the Study

The analysis draws upon data from At Home's real estate information platform, focusing specifically on newly registered residential properties aimed at consumers. It reflects the average registration price for each unit, defined in terms of desired sales price.

Key Metrics and Performance

The overall average price trend indicates a consistent increase both month-over-month and year-over-year. Of the eight assessed areas, six experienced price growth in December, with the Tokyo and Kanagawa regions showing particularly strong performance. For 11 consecutive months, the Tokyo Suburbs have reported growth, while both Yokohama and Kawasaki have shown a solid upward trend for ten months. Thus, all eight regions collectively point towards a persistent upward trajectory.

In conclusion, as we advance into 2026, stakeholders and prospective homeowners should remain vigilant and informed regarding the ongoing trends in the housing market, as these developments will influence buying decisions and investment strategies significantly. For a detailed analysis, readers can download the full PDF report from At Home's official site at the following link: Download Report.