Kanagawa Prefecture¶
Three designated cities (Yokohama, Kawasaki, Sagamihara) plus Shonan and central and western Kanagawa; the heart of the Tokyo commuter belt.
Current phase¶
Overheating / still rising (simplified) (adjustment pressure 11 / 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: Whether a central Tokyo correction spreads to Yokohama and Kawasaki.
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 | 53.3 | 2,088 |
| 2024 Q3 | 52.5 | 1,999 |
| 2024 Q4 | 50.6 | 2,196 |
| 2025 Q1 | 48.8 | 2,905 |
| 2025 Q2 | 49.2 | 2,813 |
| 2025 Q3 | 49.3 | 2,846 |
| 2025 Q4 | 50.0 | 3,123 |
| 2026 Q1 | 51.8 | 3,104 |
- Year-on-year change in median price per m²: +6.2% (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 | 922 | 995 | 40.0 | 25.0 | +6.7% |
| 1LDK | 860 | 3,500 | 66.7 | 55.0 | +2.6% |
| 2 rooms (2K-2LDK) | 3,118 | 3,200 | 50.0 | 65.0 | -2.3% |
| 3 rooms (3K-3LDK) | 6,105 | 3,800 | 50.8 | 75.0 | -2.4% |
| 4 rooms or more | 881 | 4,000 | 43.3 | 90.0 | -4.2% |
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 | 4,250 | 2,030 | 6.1% | 17.8 |
| 2025 Q3 | 4,400 | 2,205 | 5.9% | 18.5 |
| 2025 Q4 | 4,300 | 2,004 | 7.5% | 18.3 |
| 2026 Q1 | 4,200 | 943 | 10.0% | 19.2 |
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 | 384,000 | +5.2% | 365 |
| 2025 | Commercial | 409,000 | +6.5% | 364 |
| 2026 | Commercial | 444,000 | +7.2% | 365 |
| 2024 | Residential | 183,500 | +2.7% | 1,338 |
| 2025 | Residential | 191,500 | +3.3% | 1,310 |
| 2026 | Residential | 198,000 | +3.4% | 1,309 |
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.