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Recent Trends in Newly Built House Prices in the Tokyo Metropolitan Area

The latest analysis by AtHome Co., Ltd., a real estate information service based in Ota, Tokyo, reveals significant trends in newly built house prices across the Tokyo metropolitan area. This report, commissioned to AtHome Lab Co., Ltd. in Chiyoda, Tokyo, offers critical insights into the housing market as of November 2025.

Overview of Findings

The average price of newly built houses in the Tokyo metropolitan area has reached an impressive 48.85 million yen, marking a month-on-month increase of 0.4%. This marks the fourth consecutive month of price growth, which, compared to the same period last year, represents a remarkable increase of 6.3%. This trend illustrates a consistent upward trajectory that has persisted for 15 months.

For the past eight months, all eight monitored regions have exceeded their year-over-year prices. Furthermore, several key areas have highlighted record-breaking price levels, including six regions in Tokyo and its surrounding prefectures (Kanagawa, Saitama, and Chiba). Most notably, the average property price within the 23 wards of Tokyo has now surpassed the 80 million yen mark, a first in the area’s history.

Detailed Analysis by Area

Target Areas:

The analysis focuses on several key regions, including:

• - Tokyo: Both the 23 wards and the metropolitan areas
• - Kanagawa: Including Yokohama and Kawasaki
• - Saitama: Primarily Saitama City
• - Chiba: Specifically, the western part including cities like Kashiwa and Matsudo.

Data Definition:

In this report, the term