Wakayama Prefecture¶
Next to Osaka but losing population early; its vacant-home rate is among the highest in Japan.
Current phase¶
Early correction (simplified) (adjustment pressure 44 / 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 vacancy rate and inheritance-related registrations.
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 | 9.6 | 35 |
| 2024 Q3 | 11.7 | 35 |
| 2024 Q4 | 14.7 | 31 |
| 2025 Q1 | 13.3 | 33 |
| 2025 Q2 | 16.2 | 45 |
| 2025 Q3 | 9.1 | 39 |
| 2025 Q4 | 8.6 | 40 |
| 2026 Q1 | 11.1 | 42 |
- Year-on-year change in median price per m²: -17.0% (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 |
|---|---|---|---|---|---|
| 1LDK | 11 | 970 | 17.8 | 60.0 | — |
| 2 rooms (2K-2LDK) | 38 | 700 | 11.7 | 62.5 | +3.8% |
| 3 rooms (3K-3LDK) | 103 | 640 | 9.8 | 70.0 | -2.8% |
| 4 rooms or more | 12 | 1,800 | 18.5 | 90.0 | — |
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 | 700 | 238 | 56.7% | 3.0 |
| 2025 Q3 | 540 | 232 | 65.5% | 2.5 |
| 2025 Q4 | 550 | 237 | 65.0% | 2.2 |
| 2026 Q1 | 580 | 154 | 62.3% | 2.1 |
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 | 65,200 | -0.5% | 61 |
| 2025 | Commercial | 66,400 | -0.2% | 61 |
| 2026 | Commercial | 66,400 | -0.1% | 61 |
| 2024 | Residential | 32,850 | -0.8% | 114 |
| 2025 | Residential | 32,400 | -0.7% | 111 |
| 2026 | Residential | 32,300 | -0.6% | 111 |
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.