Recent Trends in Used Apartment Prices in the Tokyo Metropolitan Area as of May 2026

In a recent analysis conducted by At Home Lab, commissioned by At Home Co., Ltd., the company revealed significant trends regarding used apartment prices in the Tokyo metropolitan area. This analysis covers data from consumer-registered listings on At Home's real estate information network as of May 2026, showcasing an impressive increase in prices that continues to shape the market dynamics.

Key Highlights

- The average price of used apartments across the Tokyo metropolitan area stands at approximately 57.64 million yen, marking an uninterrupted rise for 22 consecutive months both compared to the previous month and the same month last year.
- This month reflects a consistent trend with all eight analyzed areas showing increased prices when compared to the same month last year; this marks a 13-month streak of growth in all regions surveyed.
- Among these regions, Tokyo, Kanagawa, Saitama, and western Chiba have reached their highest price points since January 2017. Notably, the month-over-month increase in Tokyo's 23 wards fell below the 1% mark for the first time since August 2024.

Analysis by Region

The analysis indicates that the surge in prices is pervasive across the metropolitan area. Out of the eight regions examined, seven reported price hikes compared to last month, with four areas witnessing increases exceeding 1%. This upward trajectory in real estate prices has been fueled by various factors, including economic recovery, sustained demand for housing, and limited supply in key areas.

The detailed breakdown shows:

- Tokyo (23 Wards): The average price has maintained its upward motion, though the growth rate has moderated in comparison to previous months.
- Kanagawa (Including Yokohama and Kawasaki): Prices continue to rise robustly, appealing to both investors and homebuyers alike.
- Saitama (Including Saitama City): Buoyed by its proximity to Tokyo, Saitama has emerged as a desirable location for families seeking more affordable housing options without compromising accessibility.
- Western Chiba: This area has notably benefited from urban sprawl and new transportation infrastructure, leading to a substantial increase in property values.

Definition of Apartment Categories

For the analysis, apartments were categorized as follows based on size:

- Singles: Apartments sized below 30㎡
- Couples: Apartments between 30㎡ and 50㎡
- Families: Apartments ranging from 50㎡ to 70㎡
- Large Families: Apartments exceeding 70㎡

This categorization helps provide clarity and context regarding the suitability of various apartments for different demographics, illustrating the evolving market segmented by buyer needs.

Conclusion

The report, available for download via At Home's official website, offers a comprehensive view of the real estate landscape in the Tokyo metropolitan area. The enduring rise in used apartment prices signifies robust demand and a competitive market environment, making it crucial for prospective buyers and investors to stay informed.

For in-depth details, you can download the full report here.