Okinawa Prefecture¶
A prefecture whose population has grown, mixing resort demand with local owner-occupier demand, plus migration and investment from mainland Japan.
Current phase¶
Plateau (high prices, easing demand) (simplified) (adjustment pressure 39 / 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: Housing starts and net in-migration.
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 | 44.3 | 123 |
| 2024 Q3 | 42.9 | 85 |
| 2024 Q4 | 47.5 | 84 |
| 2025 Q1 | 45.0 | 116 |
| 2025 Q2 | 47.4 | 102 |
| 2025 Q3 | 47.6 | 102 |
| 2025 Q4 | 51.4 | 91 |
| 2026 Q1 | 47.1 | 101 |
- Year-on-year change in median price per m²: +4.8% (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 | 14 | 1,500 | 39.2 | 37.5 | +20.6% |
| 1LDK | 36 | 3,350 | 62.1 | 50.0 | -8.0% |
| 2 rooms (2K-2LDK) | 109 | 3,500 | 50.7 | 70.0 | -0.3% |
| 3 rooms (3K-3LDK) | 196 | 3,600 | 48.6 | 75.0 | +9.3% |
| 4 rooms or more | 41 | 3,700 | 42.7 | 85.0 | +6.7% |
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 | 3,900 | 194 | 2.6% | 5.2 |
| 2025 Q3 | 3,900 | 232 | 4.3% | 5.0 |
| 2025 Q4 | 3,800 | 208 | 7.2% | 4.5 |
| 2026 Q1 | 3,800 | 63 | 14.3% | 4.5 |
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 | 150,500 | +4.9% | 60 |
| 2025 | Commercial | 160,000 | +6.8% | 60 |
| 2026 | Commercial | 180,000 | +7.0% | 60 |
| 2024 | Residential | 104,000 | +5.5% | 125 |
| 2025 | Residential | 108,500 | +7.0% | 122 |
| 2026 | Residential | 120,000 | +6.4% | 122 |
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.