Kobe City¶
A designated city made up of the port-side centre and the hillside and Seishin suburbs; the population is declining.
Current phase¶
Overheating / still rising (adjustment pressure 17 / 100, confidence low, as of 2026-08)
Adjustment pressure is our own score built from inventory, transaction counts, closing prices and the gap between asking and closing prices (0-20 overheating, 20-40 plateau, 40-60 early correction, 60-80 correction under way, 80-100 declining).
What to watch: Price per square metre and transaction counts; older suburban properties.
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 | 32.0 | 567 |
| 2024 Q3 | 34.3 | 596 |
| 2024 Q4 | 36.0 | 526 |
| 2025 Q1 | 35.0 | 661 |
| 2025 Q2 | 33.3 | 651 |
| 2025 Q3 | 31.7 | 667 |
| 2025 Q4 | 32.5 | 718 |
| 2026 Q1 | 35.0 | 707 |
- Year-on-year change in median price per m²: +0.0% (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 | 163 | 1,000 | 37.5 | 25.0 | -0.4% |
| 1LDK | 163 | 2,800 | 49.3 | 55.0 | -2.0% |
| 2 rooms (2K-2LDK) | 678 | 2,400 | 37.4 | 65.0 | -6.5% |
| 3 rooms (3K-3LDK) | 1,408 | 2,500 | 32.5 | 75.0 | +0.0% |
| 4 rooms or more | 330 | 2,050 | 20.0 | 90.0 | -9.1% |
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 | 2,700 | 315 | 20.3% | 11.6 |
| 2025 Q3 | 2,700 | 347 | 22.8% | 12.5 |
| 2025 Q4 | 2,800 | 320 | 24.4% | 14.4 |
| 2026 Q1 | 2,250 | 158 | 27.8% | 18.7 |
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 | 422,500 | +4.1% | 62 |
| 2025 | Commercial | 449,000 | +5.4% | 62 |
| 2026 | Commercial | 475,500 | +6.0% | 62 |
| 2024 | Residential | 116,000 | +2.1% | 285 |
| 2025 | Residential | 119,500 | +2.6% | 280 |
| 2026 | Residential | 122,500 | +2.8% | 280 |
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.