Rising Trends in Used Apartment Prices in Tokyo's 23 Wards: A Record High for Families and Singles

Surge in Used Apartment Prices in Tokyo's 23 Wards

The latest data from LIFULL HOME'S, a prominent real estate information service, has unveiled a noteworthy trend in the market for used apartments and houses in Tokyo. The data, captured in the LIFULL HOME'S Market Report for February 2026, highlights that prices for used apartments in the Tokyo 23 wards have hit record highs for both families and singles, indicating a strong demand amidst various economic conditions.

Family-Friendly Used Apartment Prices

The report reveals that the average listing price for family-oriented used apartments in the Tokyo 23 wards has jumped to ¥119.32 million, marking a staggering increase of 151.5% compared to the same month last year. This upward trajectory has been consistent, with prices climbing for 23 consecutive months. Moreover, the response price, which reflects buyer inquiries, stands at ¥73.70 million, up 119.0% year-on-year. Notably, the price gap between listing and response prices has reached ¥45.62 million, the highest recorded to date.

Out in the Tokyo suburban areas, the average listing price for family-friendly apartments reached ¥38.85 million. This equates to a 116.6% increase from the previous year, establishing another all-time high. Furthermore, the difference in average listing prices between the 23 wards and the suburbs has widened to ¥80.47 million, underscoring a significant disparity in market dynamics.

Singles-Focused Used Apartment Prices

On the other hand, the market for singles is also witnessing unprecedented growth. The average listing price for single-oriented used apartments in the Tokyo 23 wards is now at ¥69.85 million, an increase of 142.0% from last year. This segment has seen a consistent rise for the last 14 months. In terms of inquiries, the average response price for singles is pegged at ¥39.98 million, once again marking a record high with a year-on-year growth rate of 117.8%. For suburban areas, the average listing price is currently ¥23.17 million, which has stabilized over the year.

Trends in Used Houses

Turning to used houses, the report confirms that the Tokyo 23 wards have a listing price of approximately ¥91.52 million, which marks an increase of 116.8% from the previous year. The average response price stands at ¥53.34 million, a modest rise of 104.2%, reflecting a ¥38.17 million gap between listing and response prices. In the outskirts, listing prices have reached ¥39.46 million, reflecting a 111.2% rise and hitting a new record. The inquiry price in the suburbs has also seen significant growth, with an average of ¥30.96 million, which jumps 125.2% year-on-year and is the first instance of surpassing the ¥30 million mark.

Data Methodology

The LIFULL HOME'S Market Report aggregates data on residential used condominiums and homes listed within the service. This includes both families looking for apartments and singles seeking living arrangements, categorized into types suitable for their needs—ranging from one-room setups to larger family-oriented configurations.

The insights provided through this report are crucial for understanding the evolving landscape of Tokyo's real estate market. Those looking to buy or invest in property should consider these trends carefully, as they reflect broader market demands and living expectations for families and individuals alike.

For further details and downloads, you can access the complete dataset on LIFULL HOME'S while embracing a variety of real estate options tailored to individual preferences.

About LIFULL HOME'S

LIFULL HOME'S operates under the slogan, "See What You Want to Achieve!" This real estate service aims to support individuals in discovering the right information for buying or renting properties, ultimately helping them realize their ideal living situations. Given its status as one of Japan's largest real estate platforms, LIFULL HOME'S continues to expand and innovate services catering to diverse customer needs, ensuring that they can navigate their real estate journeys efficiently.

Visit LIFULL HOME'S Website for comprehensive resources and support on your next property search or investment endeavor.