On April 7th, Tokyo Kantei released their March of 2022 average price reports for new and second hand wood frame freestanding houses in the Greater Tokyo Area (GTA).

The GTA consists of Tokyo, Saitama, Chiba and Kanagawa prefectures.

Both reports cover freehold only properties with lot sizes between 100 square meters and 300 square meters, within a 30 minute walk or 20 minute bus ride from the nearest station.

This data is presented as average values for trend illustration purposes and is no way a guarantee of pricing of any kind.  

Always consult a licensed realtor for your property specific needs.  

Brand New Freestanding Homes

The average brand new price in the GTA increased for the sixth consecutive month to 41.66 million yen, up 0.6% Month-on-Month (MoM). 

Broken down by prefecture, Tokyo Prefecture declined in value, coming in at 50.31 million yen (down 5.4% MoM). 

Kanagawa, Chiba, and Saitama prefectures all saw reversals to the upside, with Kanagawa rising 4.1% MoM to 45.15 million yen, Chiba rising 2.6% MoM to 35.18 million yen, and Saitama rising 1.3% MoM to 36.35 million yen.

Second Hand Freestanding Homes

The average second hand price in the GTA reversed upward to 37.98 million yen, up 5.9% MoM. 

By prefecture, the average price in Tokyo Prefecture rose sharply to 61.21 million yen, up 12.3% MoM. 

Chiba and Saitama prefectures both saw an upside reversal, rising 3.4% MoM to 25.79 million yen and 3.3% MoM to 28.28 million yen respectively. 

Kanagawa Prefecture rose for the fourth consecutive month to 40.78 million yen, up 5.8% MoM.

Further Reading

Tokyo Kantei March 2022 Brand New Freestanding Homes Price Trend Report (Japanese only; April, 2022)

Tokyo Kantei March 2022 Second Hand Freestanding Homes Price Trend Report (Japanese only; April, 2022)