Yokohama and Kawasaki¶
The cities of Yokohama and Kawasaki. Commuter belt for central Tokyo, mixing redevelopment areas such as Musashi-Kosugi and Minato Mirai with suburban housing.
Current phase¶
Overheating / still rising (simplified) (adjustment pressure 0 / 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 prices follow a central Tokyo correction or hold up on owner-occupier demand.
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 | 58.6 | 1,564 |
| 2024 Q3 | 57.9 | 1,425 |
| 2024 Q4 | 57.6 | 1,558 |
| 2025 Q1 | 55.0 | 2,078 |
| 2025 Q2 | 54.3 | 2,005 |
| 2025 Q3 | 56.7 | 2,017 |
| 2025 Q4 | 56.9 | 2,213 |
| 2026 Q1 | 60.0 | 2,214 |
- Year-on-year change in median price per m²: +9.1% (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 | 733 | 1,200 | 46.0 | 25.0 | +4.5% |
| 1LDK | 640 | 3,950 | 80.0 | 50.0 | +3.7% |
| 2 rooms (2K-2LDK) | 2,223 | 3,800 | 58.5 | 65.0 | +1.2% |
| 3 rooms (3K-3LDK) | 4,229 | 4,300 | 56.2 | 75.0 | -1.6% |
| 4 rooms or more | 624 | 4,500 | 48.1 | 95.0 | -5.7% |
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 | 4,900 | 1,103 | 2.9% | 25.8 |
| 2025 Q3 | 5,000 | 1,192 | 2.9% | 26.2 |
| 2025 Q4 | 5,000 | 1,061 | 2.4% | 25.7 |
| 2026 Q1 | 5,200 | 481 | 5.6% | 28.1 |
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 | 463,000 | +6.1% | 221 |
| 2025 | Commercial | 498,000 | +7.4% | 221 |
| 2026 | Commercial | 542,000 | +8.3% | 221 |
| 2024 | Residential | 238,000 | +2.8% | 677 |
| 2025 | Residential | 250,000 | +3.5% | 664 |
| 2026 | Residential | 257,500 | +3.6% | 664 |
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.