Miyagi Prefecture¶
The capital is Sendai. Population keeps concentrating in Tohoku's central city, leaving a wide gap between Sendai and rural areas.
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: Whether Sendai's price rises spread to neighbouring municipalities.
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 | 33.3 | 313 |
| 2024 Q3 | 30.7 | 293 |
| 2024 Q4 | 31.0 | 270 |
| 2025 Q1 | 30.8 | 324 |
| 2025 Q2 | 27.5 | 335 |
| 2025 Q3 | 30.0 | 335 |
| 2025 Q4 | 31.4 | 355 |
| 2026 Q1 | 31.3 | 372 |
- Year-on-year change in median price per m²: +1.6% (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 | 93 | 440 | 17.6 | 30.0 | +8.3% |
| 1LDK | 67 | 2,100 | 41.8 | 55.0 | +30.1% |
| 2 rooms (2K-2LDK) | 304 | 1,900 | 30.0 | 65.0 | -11.1% |
| 3 rooms (3K-3LDK) | 740 | 2,500 | 33.7 | 75.0 | +2.6% |
| 4 rooms or more | 193 | 2,300 | 25.0 | 85.0 | -16.7% |
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 | 2,400 | 532 | 20.7% | 5.0 |
| 2025 Q3 | 2,600 | 601 | 22.5% | 5.6 |
| 2025 Q4 | 2,500 | 507 | 22.7% | 4.6 |
| 2026 Q1 | 2,300 | 249 | 26.9% | 4.2 |
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 | 99,500 | +4.4% | 148 |
| 2025 | Commercial | 107,500 | +4.8% | 148 |
| 2026 | Commercial | 120,000 | +4.5% | 146 |
| 2024 | Residential | 69,000 | +4.5% | 411 |
| 2025 | Residential | 73,000 | +4.2% | 401 |
| 2026 | Residential | 77,700 | +2.8% | 403 |
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.