Hokkaido¶
The capital is Sapporo. Population is concentrating in Sapporo while rural areas shrink and vacant homes increase. It also has foreign-funded resorts such as Niseko.
Current phase¶
Overheating / still rising (simplified) (adjustment pressure 19 / 100, confidence low, as of 2026-Q1)
There are no monthly market statistics for this area, so this is a simplified call based on MLIT's quarterly closing data (year-on-year change in price per m² and in counts, and consecutive quarters of decline). For prefectures it also uses the gap between official land prices and land transaction prices in the same districts, and the year-on-year change in resident population. The data lag about three months.
What to watch: The gap between Sapporo and rural areas; resort prices and transaction counts.
Resale condominium closing prices (MLIT)¶
Price per m² in units of ¥10,000 (万円). Quarters with fewer than 10 closings are not shown.
| Quarter | Median price per m² (¥10k) | Closings |
|---|---|---|
| 2024 Q2 | 23.8 | 701 |
| 2024 Q3 | 23.3 | 655 |
| 2024 Q4 | 24.1 | 656 |
| 2025 Q1 | 21.9 | 728 |
| 2025 Q2 | 21.7 | 768 |
| 2025 Q3 | 23.7 | 752 |
| 2025 Q4 | 23.5 | 783 |
| 2026 Q1 | 25.3 | 678 |
- Year-on-year change in median price per m²: +15.5% (2026 Q1)
By floor plan (resale condominiums, last 4 quarters)¶
2025 Q2 to 2026 Q1. Floor plans with fewer than 10 closings are not shown. "S" (service room) is not counted as a room.
| Floor plan | Closings | Median price (¥10k) | Median per m² (¥10k) | Median size (m²) | Per m², year on year |
|---|---|---|---|---|---|
| Studio / 1K / 1DK | 140 | 365 | 12.4 | 30.0 | +5.1% |
| 1LDK | 162 | 1,400 | 23.7 | 50.0 | +18.5% |
| 2 rooms (2K-2LDK) | 601 | 1,600 | 24.0 | 65.0 | -4.0% |
| 3 rooms (3K-3LDK) | 1,473 | 2,000 | 24.7 | 80.0 | -2.2% |
| 4 rooms or more | 604 | 2,300 | 23.6 | 95.0 | +3.4% |
Houses and land (MLIT)¶
Transaction prices from MLIT's survey of registered sales. Prices in ¥10,000. Quarters with fewer than 20 deals are not shown.
| Quarter | Median house price (¥10k) | House deals | Houses under ¥10m | Median land price per m² (¥10k) |
|---|---|---|---|---|
| 2025 Q2 | 1,300 | 1,342 | 43.7% | 2.9 |
| 2025 Q3 | 1,300 | 1,543 | 43.6% | 2.6 |
| 2025 Q4 | 1,200 | 1,591 | 44.7% | 2.6 |
| 2026 Q1 | 1,400 | 811 | 41.8% | 2.8 |
Official land prices (Chika Koji, MLIT)¶
Prices of standard sites as of 1 January each year (published in March). The change is the average for sites that continue from the previous year.
| Year | Use | Median (¥ per m²) | Change | Sites |
|---|---|---|---|---|
| 2024 | Commercial | 58,750 | +5.0% | 366 |
| 2025 | Commercial | 63,250 | +3.0% | 362 |
| 2026 | Commercial | 66,200 | +2.4% | 364 |
| 2024 | Residential | 28,400 | +4.3% | 944 |
| 2025 | Residential | 29,200 | +1.3% | 927 |
| 2026 | Residential | 29,600 | +0.5% | 925 |
This service uses the API of the MLIT Real Estate Information Library, but the timeliness, accuracy and completeness of the information provided are not guaranteed. (このサービスは、国土交通省不動産情報ライブラリのAPI機能を使用していますが、提供情報の最新性、正確性、完全性等が保証されたものではありません。)
Figures are medians of individual transactions and change with the mix of what sold. Regime labels are our own interpretation, not investment advice.