Greater Tokyo Real Estate Data Report
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Source: MLIT Real Estate Information Library (Real Estate Transaction-Price Information) ・ Data as of: through 2026Q1 ・ Unofficial statistics site

Quality-adjusted price trends

The of actual transactions rises and falls with the mix of building age, area and distance to the station of the properties traded in a quarter. Here we show the converted to a “reference property” with that mix held constant, by quarter over 10 years. These are estimates from a statistical model, not the actual transaction prices themselves.

Used condominiums

Reference property: 60㎡ floor area, 20 years old, 8-min walk to station, residential zoning

Used condominiums — quality-adjusted price per ㎡ (yen/㎡)
TokyoKanagawaSaitamaChiba
Used condominiums — quality-adjusted price per ㎡ Used condominiums — quality-adjusted price per ㎡. Tokyo, Kanagawa, Saitama, Chiba 200K 400K 600K 800K 1000K 1200K 2017 2019 2021 2023 2025 Tokyo Kanagawa Saitama
View as table
Used condominiums — quality-adjusted price per ㎡ (price per ㎡ of the reference property, newest first)
QuarterTokyoKanagawaSaitamaChiba
2026Q1¥1,059,863/㎡¥594,438/㎡¥460,885/㎡¥428,113/㎡
2025Q4¥1,021,796/㎡¥580,610/㎡¥452,694/㎡¥420,393/㎡
2025Q3¥992,951/㎡¥573,477/㎡¥446,006/㎡¥413,537/㎡
2025Q2¥966,900/㎡¥567,924/㎡¥441,101/㎡¥408,423/㎡
2025Q1¥946,840/㎡¥563,358/㎡¥433,914/㎡¥406,664/㎡
2024Q4¥914,787/㎡¥553,821/㎡¥428,893/㎡¥400,221/㎡
2024Q3¥901,653/㎡¥548,924/㎡¥425,524/㎡¥395,222/㎡
2024Q2¥883,705/㎡¥545,184/㎡¥421,226/㎡¥391,816/㎡
2024Q1¥863,684/㎡¥542,698/㎡¥422,393/㎡¥388,225/㎡
2023Q4¥839,586/㎡¥531,341/㎡¥416,849/㎡¥382,858/㎡
2023Q3¥825,855/㎡¥525,771/㎡¥415,567/㎡¥381,212/㎡
2023Q2¥818,690/㎡¥521,314/㎡¥413,048/㎡¥374,705/㎡
2023Q1¥813,781/㎡¥518,404/㎡¥411,808/㎡¥371,254/㎡
2022Q4¥793,754/㎡¥507,227/㎡¥403,414/㎡¥361,472/㎡
2022Q3¥782,938/㎡¥501,769/㎡¥398,684/㎡¥354,977/㎡
2022Q2¥775,960/㎡¥494,677/㎡¥391,095/㎡¥349,864/㎡
2022Q1¥764,609/㎡¥483,925/㎡¥379,740/㎡¥342,456/㎡
2021Q4¥740,961/㎡¥467,000/㎡¥368,679/㎡¥328,273/㎡
2021Q3¥727,184/㎡¥454,988/㎡¥357,105/㎡¥319,248/㎡
2021Q2¥715,376/㎡¥444,875/㎡¥346,881/㎡¥312,079/㎡
2021Q1¥704,687/㎡¥439,563/㎡¥338,746/㎡¥305,033/㎡
2020Q4¥703,903/㎡¥434,548/㎡¥332,318/㎡¥299,738/㎡
2020Q3¥697,110/㎡¥428,433/㎡¥327,651/㎡¥295,769/㎡
2020Q2¥694,951/㎡¥426,704/㎡¥325,097/㎡¥291,974/㎡
2020Q1¥690,691/㎡¥425,892/㎡¥322,047/㎡¥289,125/㎡
2019Q4¥673,928/㎡¥420,375/㎡¥316,000/㎡¥284,729/㎡
2019Q3¥667,525/㎡¥414,939/㎡¥313,388/㎡¥281,386/㎡
2019Q2¥663,292/㎡¥412,320/㎡¥311,468/㎡¥278,839/㎡
2019Q1¥659,582/㎡¥412,124/㎡¥310,665/㎡¥277,741/㎡
2018Q4¥651,749/㎡¥407,914/㎡¥304,860/㎡¥275,600/㎡
2018Q3¥646,946/㎡¥405,599/㎡¥301,470/㎡¥272,718/㎡
2018Q2¥641,877/㎡¥402,852/㎡¥299,417/㎡¥271,537/㎡
2018Q1¥638,048/㎡¥402,350/㎡¥297,039/㎡¥269,764/㎡
2017Q4¥627,785/㎡¥398,012/㎡¥293,521/㎡¥265,268/㎡
2017Q3¥622,024/㎡¥395,127/㎡¥290,585/㎡¥262,846/㎡
2017Q2¥612,330/㎡¥390,889/㎡¥288,859/㎡¥259,785/㎡
2017Q1¥610,770/㎡¥386,765/㎡¥285,935/㎡¥256,989/㎡
2016Q4¥599,554/㎡¥381,951/㎡¥282,157/㎡¥253,332/㎡
2016Q3¥595,295/㎡¥377,959/㎡¥280,254/㎡¥251,474/㎡
2016Q2¥591,478/㎡¥376,620/㎡¥278,829/㎡¥250,057/㎡
Used condominiums — quality-adjusted price per ㎡ and rates of change
PrefectureLatest price per ㎡vs. 1 year agovs. 5 years agovs. 10 years ago
Tokyo¥1,059,863 +11.9% +50.4% +79.2%
Kanagawa¥594,438 +5.5% +35.2% +57.8%
Saitama¥460,885 +6.2% +36.1% +65.3%
Chiba¥428,113 +5.3% +40.3% +71.2%

Seasonal pattern by quarter (reference)

The average, over the same quarter of the past 10 years, of how high or low the quality-adjusted price per ㎡ tends to be in each quarter of the year relative to the surrounding movement (the moving average).

Used condominiums — seasonal pattern by quarter (deviation from the moving average, %)
TokyoKanagawaSaitamaChiba
Used condominiums — seasonal pattern by quarter Used condominiums — seasonal pattern by quarter. Average deviation of the quality-adjusted price per ㎡ from its moving average, by quarter (%). Tokyo: Q1 is highest; Kanagawa: Q1 is highest; Saitama: Q1 is highest; Chiba: Q1 is highest -0.50% -0.25% 0% +0.25% +0.50% Jan–Mar Apr–Jun Jul–Sep Oct–Dec Tokyo Jan–Mar: +0.37% Tokyo Apr–Jun: +0.03% Tokyo Jul–Sep: -0.21% Tokyo Oct–Dec: -0.36% Kanagawa Jan–Mar: +0.39% Kanagawa Apr–Jun: -0.03% Kanagawa Jul–Sep: -0.22% Kanagawa Oct–Dec: -0.17% Saitama Jan–Mar: +0.24% Saitama Apr–Jun: +0.05% Saitama Jul–Sep: -0.13% Saitama Oct–Dec: -0.22% Chiba Jan–Mar: +0.30% Chiba Apr–Jun: +0.00% Chiba Jul–Sep: -0.15% Chiba Oct–Dec: -0.22%
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Used condominiums — seasonal pattern by quarter (deviation from the moving average, %)
PrefectureJan–MarApr–JunJul–SepOct–Dec
Tokyo+0.37%+0.03%-0.21%-0.36%
Kanagawa+0.39%-0.03%-0.22%-0.17%
Saitama+0.24%+0.05%-0.13%-0.22%
Chiba+0.30%+0.00%-0.15%-0.22%

The differences are mostly within ±0.5%, very small compared with the annual change (a few percent). Because the model joins adjacent quarters smoothly, they may come out smaller than the actual seasonal differences. This does not mean that “buying in this quarter is a bargain”.

Detached houses (land + building)

Reference property: 100㎡ land, 100㎡ building, 20 years old, 10-min walk to station, wooden, residential zoning

Detached houses (land + building) — quality-adjusted price per ㎡ (yen/㎡)
TokyoKanagawaSaitamaChiba
Residential land with building — quality-adjusted price per ㎡ Residential land with building — quality-adjusted price per ㎡. Tokyo, Kanagawa, Saitama, Chiba 100K 200K 300K 400K 500K 600K 2017 2019 2021 2023 2025 Tokyo Kanagawa Saitama Chiba
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Residential land with building — quality-adjusted price per ㎡ (price per ㎡ of the reference property, newest first)
QuarterTokyoKanagawaSaitamaChiba
2026Q1¥533,587/㎡¥341,450/㎡¥231,496/㎡¥191,462/㎡
2025Q4¥522,471/㎡¥338,720/㎡¥230,314/㎡¥190,794/㎡
2025Q3¥514,208/㎡¥336,958/㎡¥230,127/㎡¥188,179/㎡
2025Q2¥508,221/㎡¥334,503/㎡¥229,264/㎡¥187,852/㎡
2025Q1¥502,369/㎡¥332,638/㎡¥228,191/㎡¥186,891/㎡
2024Q4¥496,122/㎡¥333,630/㎡¥227,798/㎡¥186,790/㎡
2024Q3¥491,701/㎡¥333,562/㎡¥228,116/㎡¥185,385/㎡
2024Q2¥489,102/㎡¥333,903/㎡¥227,462/㎡¥185,157/㎡
2024Q1¥484,765/㎡¥333,847/㎡¥226,895/㎡¥184,770/㎡
2023Q4¥479,087/㎡¥332,684/㎡¥226,402/㎡¥182,205/㎡
2023Q3¥477,093/㎡¥332,966/㎡¥227,804/㎡¥181,515/㎡
2023Q2¥475,318/㎡¥332,573/㎡¥227,729/㎡¥180,787/㎡
2023Q1¥475,638/㎡¥331,515/㎡¥228,846/㎡¥180,003/㎡
2022Q4¥470,001/㎡¥326,742/㎡¥226,567/㎡¥177,369/㎡
2022Q3¥462,904/㎡¥323,391/㎡¥224,014/㎡¥173,635/㎡
2022Q2¥455,622/㎡¥318,645/㎡¥220,272/㎡¥170,694/㎡
2022Q1¥447,427/㎡¥311,624/㎡¥216,161/㎡¥166,563/㎡
2021Q4¥436,574/㎡¥303,643/㎡¥210,849/㎡¥162,494/㎡
2021Q3¥426,964/㎡¥296,404/㎡¥205,345/㎡¥159,167/㎡
2021Q2¥416,993/㎡¥290,586/㎡¥201,071/㎡¥155,457/㎡
2021Q1¥408,572/㎡¥282,978/㎡¥196,874/㎡¥151,471/㎡
2020Q4¥398,002/㎡¥275,660/㎡¥192,194/㎡¥147,936/㎡
2020Q3¥392,254/㎡¥270,713/㎡¥189,698/㎡¥145,359/㎡
2020Q2¥385,488/㎡¥268,448/㎡¥186,572/㎡¥141,979/㎡
2020Q1¥387,721/㎡¥269,481/㎡¥186,050/㎡¥141,761/㎡
2019Q4¥387,966/㎡¥268,479/㎡¥186,017/㎡¥141,684/㎡
2019Q3¥387,639/㎡¥269,894/㎡¥185,662/㎡¥141,539/㎡
2019Q2¥389,970/㎡¥272,248/㎡¥185,766/㎡¥141,685/㎡
2019Q1¥388,073/㎡¥273,951/㎡¥185,421/㎡¥141,349/㎡
2018Q4¥386,965/㎡¥271,721/㎡¥184,931/㎡¥139,962/㎡
2018Q3¥389,064/㎡¥272,335/㎡¥185,065/㎡¥139,860/㎡
2018Q2¥389,568/㎡¥273,412/㎡¥184,916/㎡¥139,383/㎡
2018Q1¥387,807/㎡¥273,503/㎡¥184,656/㎡¥138,581/㎡
2017Q4¥382,735/㎡¥272,238/㎡¥183,271/㎡¥137,438/㎡
2017Q3¥380,095/㎡¥271,964/㎡¥182,662/㎡¥137,508/㎡
2017Q2¥379,727/㎡¥271,014/㎡¥181,968/㎡¥137,339/㎡
2017Q1¥377,613/㎡¥270,793/㎡¥181,072/㎡¥137,477/㎡
2016Q4¥374,381/㎡¥269,009/㎡¥179,231/㎡¥136,045/㎡
2016Q3¥371,330/㎡¥267,526/㎡¥178,523/㎡¥135,351/㎡
2016Q2¥371,348/㎡¥266,861/㎡¥178,684/㎡¥135,328/㎡
Detached houses (land + building) — quality-adjusted price per ㎡ and rates of change
PrefectureLatest price per ㎡vs. 1 year agovs. 5 years agovs. 10 years ago
Tokyo¥533,587 +6.2% +30.6% +43.7%
Kanagawa¥341,450 +2.6% +20.7% +28.0%
Saitama¥231,496 +1.4% +17.6% +29.6%
Chiba¥191,462 +2.4% +26.4% +41.5%

Seasonal pattern by quarter (reference)

The average, over the same quarter of the past 10 years, of how high or low the quality-adjusted price per ㎡ tends to be in each quarter of the year relative to the surrounding movement (the moving average).

Detached houses (land + building) — seasonal pattern by quarter (deviation from the moving average, %)
TokyoKanagawaSaitamaChiba
Detached houses (land + building) — seasonal pattern by quarter Detached houses (land + building) — seasonal pattern by quarter. Average deviation of the quality-adjusted price per ㎡ from its moving average, by quarter (%). Tokyo: Q1 is highest; Kanagawa: Q1 is highest; Saitama: Q1 is highest; Chiba: Q1 is highest -0.50% -0.25% 0% +0.25% +0.50% Jan–Mar Apr–Jun Jul–Sep Oct–Dec Tokyo Jan–Mar: +0.19% Tokyo Apr–Jun: +0.02% Tokyo Jul–Sep: -0.13% Tokyo Oct–Dec: -0.16% Kanagawa Jan–Mar: +0.19% Kanagawa Apr–Jun: +0.08% Kanagawa Jul–Sep: -0.10% Kanagawa Oct–Dec: -0.18% Saitama Jan–Mar: +0.11% Saitama Apr–Jun: -0.00% Saitama Jul–Sep: +0.04% Saitama Oct–Dec: -0.12% Chiba Jan–Mar: +0.15% Chiba Apr–Jun: +0.01% Chiba Jul–Sep: -0.09% Chiba Oct–Dec: -0.12%
View as table
Detached houses (land + building) — seasonal pattern by quarter (deviation from the moving average, %)
PrefectureJan–MarApr–JunJul–SepOct–Dec
Tokyo+0.19%+0.02%-0.13%-0.16%
Kanagawa+0.19%+0.08%-0.10%-0.18%
Saitama+0.11%-0.00%+0.04%-0.12%
Chiba+0.15%+0.01%-0.09%-0.12%

The differences are mostly within ±0.5%, very small compared with the annual change (a few percent). Because the model joins adjacent quarters smoothly, they may come out smaller than the actual seasonal differences. This does not mean that “buying in this quarter is a bargain”.

Land

Reference property: 100㎡ land, 10-min walk to station, 4 m road frontage, residential zoning

Land — quality-adjusted price per ㎡ (yen/㎡)
TokyoKanagawaSaitamaChiba
Residential land (land only) — quality-adjusted price per ㎡ Residential land (land only) — quality-adjusted price per ㎡. Tokyo, Kanagawa, Saitama, Chiba 0K 100K 200K 300K 400K 500K 2017 2019 2021 2023 2025 Tokyo Kanagawa Saitama Chiba
View as table
Residential land (land only) — quality-adjusted price per ㎡ (price per ㎡ of the reference property, newest first)
QuarterTokyoKanagawaSaitamaChiba
2026Q1¥486,772/㎡¥232,386/㎡¥126,345/㎡¥83,672/㎡
2025Q4¥485,985/㎡¥232,578/㎡¥126,631/㎡¥83,877/㎡
2025Q3¥482,641/㎡¥232,141/㎡¥126,543/㎡¥83,923/㎡
2025Q2¥478,508/㎡¥231,643/㎡¥126,107/㎡¥83,894/㎡
2025Q1¥473,117/㎡¥230,676/㎡¥125,775/㎡¥83,362/㎡
2024Q4¥468,315/㎡¥229,810/㎡¥125,863/㎡¥82,833/㎡
2024Q3¥460,113/㎡¥229,266/㎡¥126,029/㎡¥82,561/㎡
2024Q2¥453,893/㎡¥228,574/㎡¥125,961/㎡¥81,940/㎡
2024Q1¥449,533/㎡¥227,713/㎡¥125,857/㎡¥81,309/㎡
2023Q4¥446,422/㎡¥226,613/㎡¥125,635/㎡¥80,654/㎡
2023Q3¥444,907/㎡¥226,353/㎡¥125,553/㎡¥79,840/㎡
2023Q2¥442,410/㎡¥225,328/㎡¥125,363/㎡¥79,281/㎡
2023Q1¥437,887/㎡¥222,915/㎡¥124,503/㎡¥78,490/㎡
2022Q4¥432,869/㎡¥220,820/㎡¥124,088/㎡¥77,319/㎡
2022Q3¥427,521/㎡¥218,440/㎡¥123,500/㎡¥76,445/㎡
2022Q2¥420,649/㎡¥215,591/㎡¥122,590/㎡¥75,354/㎡
2022Q1¥413,930/㎡¥211,234/㎡¥120,908/㎡¥73,803/㎡
2021Q4¥405,820/㎡¥207,597/㎡¥119,613/㎡¥72,155/㎡
2021Q3¥397,414/㎡¥205,065/㎡¥118,327/㎡¥71,134/㎡
2021Q2¥390,332/㎡¥201,748/㎡¥116,921/㎡¥70,252/㎡
2021Q1¥382,153/㎡¥198,441/㎡¥115,683/㎡¥69,197/㎡
2020Q4¥375,306/㎡¥195,487/㎡¥114,282/㎡¥68,097/㎡
2020Q3¥370,713/㎡¥193,810/㎡¥113,184/㎡¥67,415/㎡
2020Q2¥367,380/㎡¥192,762/㎡¥112,198/㎡¥66,642/㎡
2020Q1¥364,337/㎡¥192,345/㎡¥111,599/㎡¥65,905/㎡
2019Q4¥361,877/㎡¥191,880/㎡¥110,871/㎡¥65,394/㎡
2019Q3¥361,213/㎡¥191,728/㎡¥110,671/㎡¥65,063/㎡
2019Q2¥361,182/㎡¥191,686/㎡¥111,106/㎡¥64,973/㎡
2019Q1¥360,900/㎡¥191,648/㎡¥111,359/㎡¥64,910/㎡
2018Q4¥361,131/㎡¥191,800/㎡¥111,471/㎡¥64,813/㎡
2018Q3¥360,193/㎡¥192,437/㎡¥111,644/㎡¥64,904/㎡
2018Q2¥360,415/㎡¥192,728/㎡¥111,651/㎡¥64,875/㎡
2018Q1¥359,944/㎡¥192,030/㎡¥111,389/㎡¥65,019/㎡
2017Q4¥358,600/㎡¥191,301/㎡¥111,169/㎡¥64,857/㎡
2017Q3¥357,338/㎡¥191,048/㎡¥111,042/㎡¥64,858/㎡
2017Q2¥357,042/㎡¥190,506/㎡¥110,962/㎡¥64,637/㎡
2017Q1¥354,738/㎡¥189,550/㎡¥110,883/㎡¥64,344/㎡
2016Q4¥353,727/㎡¥188,789/㎡¥110,480/㎡¥64,268/㎡
2016Q3¥350,722/㎡¥188,511/㎡¥110,070/㎡¥64,216/㎡
2016Q2¥349,616/㎡¥188,124/㎡¥109,804/㎡¥64,382/㎡
Land — quality-adjusted price per ㎡ and rates of change
PrefectureLatest price per ㎡vs. 1 year agovs. 5 years agovs. 10 years ago
Tokyo¥486,772 +2.9% +27.4% +39.2%
Kanagawa¥232,386 +0.7% +17.1% +23.5%
Saitama¥126,345 +0.5% +9.2% +15.1%
Chiba¥83,672 +0.4% +20.9% +30.0%

Seasonal pattern by quarter (reference)

The average, over the same quarter of the past 10 years, of how high or low the quality-adjusted price per ㎡ tends to be in each quarter of the year relative to the surrounding movement (the moving average).

Land — seasonal pattern by quarter (deviation from the moving average, %)
TokyoKanagawaSaitamaChiba
Land — seasonal pattern by quarter Land — seasonal pattern by quarter. Average deviation of the quality-adjusted price per ㎡ from its moving average, by quarter (%). Tokyo: Q2 is highest; Kanagawa: Q2 is highest; Saitama: Q2 is highest; Chiba: Q2 is highest -0.50% -0.25% 0% +0.25% +0.50% Jan–Mar Apr–Jun Jul–Sep Oct–Dec Tokyo Jan–Mar: -0.01% Tokyo Apr–Jun: +0.06% Tokyo Jul–Sep: -0.03% Tokyo Oct–Dec: -0.01% Kanagawa Jan–Mar: -0.04% Kanagawa Apr–Jun: +0.12% Kanagawa Jul–Sep: +0.06% Kanagawa Oct–Dec: -0.13% Saitama Jan–Mar: -0.01% Saitama Apr–Jun: +0.06% Saitama Jul–Sep: +0.03% Saitama Oct–Dec: -0.05% Chiba Jan–Mar: +0.02% Chiba Apr–Jun: +0.11% Chiba Jul–Sep: +0.02% Chiba Oct–Dec: -0.14%
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Land — seasonal pattern by quarter (deviation from the moving average, %)
PrefectureJan–MarApr–JunJul–SepOct–Dec
Tokyo-0.01%+0.06%-0.03%-0.01%
Kanagawa-0.04%+0.12%+0.06%-0.13%
Saitama-0.01%+0.06%+0.03%-0.05%
Chiba+0.02%+0.11%+0.02%-0.14%

The differences are mostly within ±0.5%, very small compared with the annual change (a few percent). Because the model joins adjacent quarters smoothly, they may come out smaller than the actual seasonal differences. This does not mean that “buying in this quarter is a bargain”.

Compare municipalities

Choose a prefecture and a type, then two areas (municipalities or the whole prefecture), and the quality-adjusted price-per-㎡ trends are drawn together. With “Index”, you can compare movements with the first quarter in which both are available set to 100 (this makes it easier to compare areas at different levels). You can choose only municipalities with 30 or more transactions that have their own separately fitted model.

Enable JavaScript to choose areas and compare them.

The chart appears when you choose areas
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Comparison of quality-adjusted price per ㎡ by municipality (shown when you choose areas)
Quarter
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How to read

Source: MLIT Real Estate Information Library. Prepared by 東洋インターネットサービス株式会社 based on “Real Estate Transaction-Price Information” (Ministry of Land, Infrastructure, Transport and Tourism). These are values aggregated and adjusted from actual-transaction data that the government processed so that individual properties cannot be identified; they were not produced by the government. Transactions with special circumstances (about 5%) are excluded.