#Japan #Tokyo #LIFULL HOME'S #Tokyo Real Estate #Apartment Prices

Recent Surge in Tokyo's Second-Hand Apartment Prices

The real estate scene in Tokyo has witnessed a remarkable trend, as both family-oriented and single-unit second-hand apartment prices hit all-time highs. According to the latest market data released by LIFULL HOME'S, a notable real estate information service based in Chiyoda, Tokyo, second-hand apartment prices in the 23 special wards of Tokyo have continuously risen for 22 months in a row.

Overview of LIFULL HOME'S Market Report

The LIFULL HOME'S Market Report is an analytical tool that aggregates property data listed on its platform, along with inquiries made by users regarding various properties. This data is compiled monthly, providing a comprehensive insight into market trends, including factors like floor area, distance from the nearest station, and property age. For those interested in detailed area-specific data, an Excel report can be downloaded for free since January 2020.

You can access the downloadable data here.

Price Trends for Family-Oriented Apartments

In January 2026, the listing price for family-oriented second-hand apartments in Tokyo's 23 wards reached 117.66 million yen, representing a staggering 154% increase compared to the previous year. Concurrently, the inquiry price for these properties saw its own record height of 78.02 million yen, marking a 127.1% year-on-year rise. The noticeable divergence of 39.64 million yen between the listed and inquiry prices raises significant interest regarding market dynamics.

In the suburbs of Tokyo, the listing price also hit a notable 38.60 million yen, up 118% from last year, further emphasizing that values are rising across the board in the greater Tokyo area.

Trends for Single-Oriented Apartments

The upward trajectory does not stop with family units; single-oriented apartments have experienced their own price increases. The listing price in the 23 wards of Tokyo for these units has now reached 68.28 million yen, up 143.9% from the previous year, marking the 13th month of continuous increase. The inquiry price for single-oriented apartments stood at 39.82 million yen, which is a 126.3% increase compared to the previous year. Meanwhile, in the suburbs, single-unit listings reached 23.31 million yen (up 112.4%) and inquiry prices improved to 15.04 million yen (up 104.7%), indicating a steadier growth that follows suit to the surging metropolitan prices.

Detached House Price Trends

The report also covers detached houses in the Tokyo metropolitan area. The listing price for these properties was recorded at 90.30 million yen (116.6% year-on-year), while inquiry prices reached 59.92 million yen, an increase of 120.4% compared to last year.

Suburban detached houses were listed at 39.17 million yen (up 111.6%), with inquiry prices showing a gradual increase to 26.51 million yen (up 104.4%).

Conclusion

As per the collected data, LIFULL HOME'S emphasizes the importance of being informed regarding current market conditions, especially for buyers and sellers contemplating transactions in the dynamic Tokyo real estate market. The challenges posed by increasing prices alongside significant gaps between listed and inquiry values suggest a highly competitive and evolving landscape for real estate in the region. For more insights about LIFULL HOME'S services, including renting options, house purchases, and property valuations, feel free to visit their website.