Okayama Prefecture¶
The capital is Okayama City (a designated city). A transport hub for Chugoku and Shikoku, chosen by some movers for its relatively low disaster risk.
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: Prices in Okayama City and vacant homes in rural areas.
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 | 26.7 | 157 |
| 2024 Q3 | 29.2 | 142 |
| 2024 Q4 | 26.2 | 128 |
| 2025 Q1 | 28.6 | 137 |
| 2025 Q2 | 31.7 | 124 |
| 2025 Q3 | 26.2 | 120 |
| 2025 Q4 | 30.7 | 115 |
| 2026 Q1 | 33.0 | 121 |
- 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 | 34 | 360 | 12.7 | 27.5 | -7.0% |
| 1LDK | 15 | 1,800 | 30.8 | 60.0 | -20.0% |
| 2 rooms (2K-2LDK) | 130 | 2,300 | 33.3 | 70.0 | +11.1% |
| 3 rooms (3K-3LDK) | 249 | 2,500 | 32.3 | 75.0 | +17.5% |
| 4 rooms or more | 52 | 2,550 | 26.3 | 90.0 | -0.7% |
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 | 1,900 | 376 | 33.8% | 4.1 |
| 2025 Q3 | 1,600 | 378 | 36.8% | 4.2 |
| 2025 Q4 | 1,600 | 413 | 38.7% | 3.2 |
| 2026 Q1 | 1,750 | 236 | 39.0% | 2.9 |
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 | 72,500 | +1.8% | 109 |
| 2025 | Commercial | 74,550 | +2.1% | 108 |
| 2026 | Commercial | 77,200 | +2.1% | 109 |
| 2024 | Residential | 36,400 | +0.8% | 277 |
| 2025 | Residential | 36,500 | +0.8% | 271 |
| 2026 | Residential | 36,700 | +0.9% | 270 |
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.