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Mie Prefecture

日本語

The capital is Tsu. The north, including Yokkaichi, is a Nagoya commuter belt, while the south is losing population.

Current phase

Plateau (high prices, easing demand) (simplified) (adjustment pressure 25 / 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 price gap in houses and land between the north and south.

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 22.4 39
2024 Q3 25.0 48
2024 Q4 22.7 41
2025 Q1 22.2 57
2025 Q2 23.1 46
2025 Q3 25.6 54
2025 Q4 24.7 43
2026 Q1 22.0 64
  • Year-on-year change in median price per m²: -1.2% (2026 Q1)

Resale condominium price per m²

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
2 rooms (2K-2LDK) 28 1,250 20.0 70.0 -23.8%
3 rooms (3K-3LDK) 119 2,000 24.0 80.0 +2.1%
4 rooms or more 55 2,100 22.0 90.0 -6.3%

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 1,100 415 46.3% 2.3
2025 Q3 1,200 412 44.2% 2.1
2025 Q4 1,000 436 49.8% 1.5
2026 Q1 1,100 244 48.0% 0.9

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 60,450 +0.2% 110
2025 Commercial 60,800 +0.5% 109
2026 Commercial 60,700 +0.5% 109
2024 Residential 38,100 +0.2% 293
2025 Residential 38,400 +0.4% 287
2026 Residential 38,100 +0.4% 287

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.


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