Surge in Used Apartment Prices Across Japan's Major Regions: LIFULL HOME'S Report

Used Apartment Price Trends in Japan: June 2025 LIFULL HOME'S Market Report

The LIFULL HOME'S market report provides a comprehensive review of real estate trends in Japan, collecting and analyzing data from listings and inquiries made by users through their real estate services. Recent findings indicate ongoing price hikes in used apartments, particularly in metropolitan areas. This analysis includes average listing prices for single and family-oriented properties, reflecting substantial increases over the past year.

Overview of the Market Report

The report, released monthly, consolidates data on various aspects like area-specific details, average size of properties, and proximity to stations. You can access more detailed statistics and Excel files for thorough analysis on their official website.

To delve deeper into specific regional trends:

Key Highlights

For Singles

In the Tokyo metropolitan area, the average listing price for used apartments catering to singles reached approximately 4.39 million yen, reflecting a 124.3% increase compared to the previous year. The Kinki region saw similar growth, with prices averaging around 2.58 million yen, up by 125.7%. Notably, the prime areas of Tokyo's central six districts reported dramatic increases, with averages of 7.59 million yen, marking a staggering 141.7% rise year-on-year. In the Kinki region, the central six districts of Osaka recorded 4.26 million yen, a whopping 149.6% increase.

For Families

The market report highlights an equally positive scenario for family-oriented apartments. The average listing price for families in the Tokyo area surged to 4.81 million yen, a 120.7% increase from the previous year, while Kinki region prices crossed the 3 million yen threshold for the first time, averaging 3.04 million yen, up 114.6%. The most significant increases were again observed in Tokyo's central six districts, with prices soaring to a staggering 14.37 million yen (up 149.8%) and 8.66 million yen in Osaka (up 148.3%).

Trends in Age of Properties

An interesting trend noted in the report is the decrease in the average age of listed properties. There has been a gradual decline in the average construction years of available apartments, with Tokyo's average dropping from 30 to 27 years and Osaka's from 27 to 22 years compared to the previous year. This trend suggests a rising inclination towards newer and possibly more desirable properties, further fueling the increasing prices.

Conclusion

Overall, the LIFULL HOME'S market report indicates an unprecedented rise in used apartment prices across Japan, especially in the major metropolitan areas. With the ongoing increases in both single and family-oriented properties, the report emphasizes the ever-growing competition and demand in the real estate market. These trends reflect not merely fluctuations, but potential long-term shifts in property valuation and consumer preferences in Japanese urban centers.

Future Insights

Looking forward, LIFULL HOME'S plans to continue monitoring and reporting on these shifts in the real estate market with upcoming reports scheduled to detail further rent trends and property price movements in June 2025. This comprehensive analysis can assist buyers and investors in making informed decisions in this evolving landscape.