Tochigi Prefecture¶
The capital is Utsunomiya. Development along Utsunomiya's light rail line sits alongside population decline in rural areas.
Current phase¶
Early correction (simplified) (adjustment pressure 47 / 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: New and resale activity in Utsunomiya 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 | 28.3 | 55 |
| 2024 Q3 | 27.0 | 40 |
| 2024 Q4 | 28.0 | 57 |
| 2025 Q1 | 31.3 | 60 |
| 2025 Q2 | 23.2 | 60 |
| 2025 Q3 | 23.1 | 41 |
| 2025 Q4 | 25.0 | 61 |
| 2026 Q1 | 30.3 | 54 |
- Year-on-year change in median price per m²: -3.0% (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 | 10 | 205 | 10.1 | 20.0 | — |
| 2 rooms (2K-2LDK) | 51 | 2,200 | 28.8 | 70.0 | +15.0% |
| 3 rooms (3K-3LDK) | 130 | 2,100 | 28.3 | 75.0 | -10.0% |
| 4 rooms or more | 16 | 1,750 | 21.2 | 85.0 | -23.7% |
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 | 1,700 | 460 | 34.6% | 1.9 |
| 2025 Q3 | 1,800 | 464 | 30.6% | 2.3 |
| 2025 Q4 | 1,800 | 452 | 31.2% | 1.9 |
| 2026 Q1 | 1,700 | 283 | 32.5% | 1.4 |
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 | 48,500 | -0.3% | 97 |
| 2025 | Commercial | 48,300 | -0.1% | 97 |
| 2026 | Commercial | 48,400 | +0.2% | 97 |
| 2024 | Residential | 29,300 | -0.5% | 349 |
| 2025 | Residential | 28,700 | -0.3% | 341 |
| 2026 | Residential | 28,700 | -0.2% | 341 |
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.