Real Estate Sales

The November Report was publish on November 11, 2024 for the real estate sales for the month of October 2024. The data includes the average price per square meter for listings in the Kansai region in one data set. The Kansai region includes Wakayama, Osaka, Nara, Hyogo, Kyoto, and Shiga Prefectures.

Data for Real Estate Sales will not included new construction.

The Data will be Broken Down into Three Categories:

1. Condominium Sales
2. House Sales
3. Land Sales

Sub categories will include units sold and the number of new listings to hit the market.

１．Condominium Sales
Kansai Region

Units Sold

October 2024: ¥447,200 per square meter a total of 1,489 units sold
October 2023: ¥439,000 per square meter a total of 1,569 units sold
Year-over-year change of 1.9% per square meter
Month-to-month change of 0.4% per square meter (September to October)

October 2024: ¥30,500,000 average price
October 2023: ¥30,190,000 average price
Year-over-year change of 1.0%
Month-to-month change of 1.2% (September to October)
Average Floor Area: 68.21m²
Average Age: 27.04 years

New Properties Listed

October 2024: ¥470,200 per square meter a total of 5,740 units listed
October 2023: ¥431,400 per square meter a total of 5,628 units listed
Year-over-year change of 9.0% per square meter
Month-to-month change of 0.7% per square meter (September to October)

Total Inventory

October 2024: 21,451 total units at ¥443,200 per square meter
October 2023: 19,833 total units at ¥427,300 per square meter
Year-over-year change of 3.7% per square meter
Month-to-month change of 1.0% per square meter (September to October)
Total Inventory year over year change: 8.2%

Osaka City

Units Sold

October 2024: ¥640,900 per square meter a total of 423 units sold
October 2023: ¥604,100 per square meter a total of 451 units sold
Year-over-year change of 6.1% per square meter
Month-to-month change of -7.3% per square meter (September to October)

October 2024: ¥39,110,000 average price
October 2023: ¥38,100,000 average price
Year-over-year change of 2.7%
Month-to-month change of -8.9% (September to October)
Average Floor Area: 61.03m²
Average Age: 25.09 years

New Properties Listed

October 2024: ¥740,700 per square meter a total of 1,779 units listed
October 2023: ¥568,700 per square meter a total of 1,843 units listed
Year-over-year change of 30.2% per square meter
Month-to-month change of 8.9% per square meter (September to October)

October 2024: ¥39,540,000 average price
October 2023: ¥30,860,000 average price
Year-over-year change of 28.1%
Month-to-month change of 6.0% (September to October)
Average Floor Area: 53.38m²
Average Age: 25.08 years

Northern Osaka (Hokusetsu Area)

Units Sold

October 2024: ¥436,000 per square meter a total of 186 units sold
October 2023: ¥423,700 per square meter a total of 173 units sold
Year-over-year change of 2.9% per square meter
Month-to-month change of 2.9% per square meter (September to October)

October 2024: ¥32,360,000 average price
October 2023: ¥32,270,000 average price
Year-over-year change of 0.3%
Month-to-month change of 4.4% (September to October)
Average Floor Area: 74.22m²
Average Age: 27.10 year

New Properties Listed

October 2024: ¥413,200 per square meter a total of 545 units listed
October 2023: ¥392,000 per square meter a total of 488 units listed
Year-over-year change of 5.4% per square meter
Month-to-month change of 2.8% per square meter (September to October)

October 2024: ¥30,410,000 average price
October 2023: ¥28,920,000 average price
Year-over-year change of 5.1%
Month-to-month change of 3.0% (September to October)
Average Floor Area: 73.59m²
Average Age: 34.06 years

２．House Sales (Detached Homes)
Kansai Region

Homes Sold

October 2024: average price of ¥23,960,000 for a total of 986 homes sold
October 2023: average price of ¥24,150,000 for a total of 981 homes sold
Year-over-year change of -0.8% (average price)
Month-to-month change of 0.7%  (average price from September to October)

Average Land Area: 138.17m²
Average Building Area: 109.24m²
Average Age: 28.01 years

New Homes Listed

October 2024: average price of ¥26,930,000 for a total of 4,307 homes listed
October 2023: average price of ¥27,620,000 for a total of 3,943 homes listed
Year-over-year change of -2.5% (average price)
Month-to-month change of 0.9%  (average price from September to October)

Average Land Area: 138.52m²
Average Building Area: 109.60m²
Average Age: 29.00 years

Total Inventory

October 2024: average price of ¥25,830,000 for a total of 17,892 homes
October 2023: average price of ¥26,310,000 for a total of 15,070 homes
Year-over-year change of -1.8% (average price)
Month-to-month change of 0.2%  (average price from September to October)
Total Inventory year over year change: 18.7%

Average Land Area: 142.16m²
Average Building Area: 109.86m²
Average Age: 30.02 years

Northern Osaka (Hokusetsu Area)

Homes Sold

October 2024: average price of ¥38,650,000 for a total of 77 homes sold
October 2023: average price of ¥33,420,000 for a total of 84 homes sold
Year-over-year change of 15.6% (average price)
Month-to-month change of 0.6%  (average price from September to October)

Average Land Area: 133.47m²
Average Building Area: 113.95m²
Average Age: 23.08 years

New Properties Listed

October 2024: average price of ¥40,420,000 for a total of 256 homes listed
October 2023: average price of ¥41,460,000 for a total of 292 homes listed
Year-over-year change of -2.5% (average price)
Month-to-month change of 7.6%  (average price from September to October)

Average Land Area: 129.58m²
Average Building Area: 115.75m²
Average Age: 24.02 years

３．Land Sales
Kansai Region

Lots Sold

October 2024: average price per square meter of ¥162,200 for a total of 607 lots sold
October 2023: average price per square meter of ¥156,900 for a total of 593 lots sold
Year-over-year change of 3.4% price per square meter
Month-to-month change of 8.3%  price per square meter (September to October)

October 2024: ¥25,730,000 average price
October 2023: ¥24,290,000 average price
Year-over-year change of 6.0%
Month-to-month change of 6.6% (September to October)
Average Land Area: 158.69m²

New Lots Listed

October 2024: average price per square meter of ¥159,200 for a total of 3,178 lots listed
October 2023: average price per square meter of ¥156,800 for a total of 3,100 lots listed
Year-over-year change of 1.5% price per square meter
Month-to-month change of 3.5%  price per square meter (September to October)

October 2024: ¥25,520,000 average price
October 2023: ¥25,020,000 average price
Year-over-year change of 2.0%
Month-to-month change of 4.4% (September to October)
Average Land Area: 160.29m²

Total Inventory

October 2024: 16,296 total lots at ¥121,800 per square meter
October 2023: 15,036 total lots at ¥121,200 per square meter
Year-over-year change of 0.5% per square meter
Month-to-month change of 0.9% per square meter (September to October)
Total Inventory year over year change: 8.4%

October 2024: ¥20,400,000 average price
October 2023: ¥20,290,000 average price
Year-over-year change of 0.6%
Month-to-month change of 0.9% (September to October)
Average Land Area: 167.55m²

Northern Osaka (Hokusetsu Area)

Lots Sold

October 2024: average price per square meter of ¥225,400 for a total of 58 lots sold
October 2023: average price per square meter of ¥244,900 for a total of 48 lots sold
Year-over-year change of -8.0% price per square meter
Month-to-month change of -4.9%  price per square meter (September to October)

October 2024: ¥31,300,000 average price
October 2023: ¥35,420,000 average price
Year-over-year change of -11.6%
Month-to-month change of -15.9% (September to October)
Average Land Area: 138.85m²

New Properties Listed

October 2024: average price per square meter of ¥273,400 for a total of 269 lots listed
October 2023: average price per square meter of ¥266,200 for a total of 210 lots listed
Year-over-year change of 2.7% price per square meter
Month-to-month change of 5.9%  price per square meter (September to October)

October 2024: ¥36,000,000 average price
October 2023: ¥38,920,000 average price
Year-over-year change of -7.5%
Month-to-month change of -1.4% (September to October)
Average Land Area: 131.78m²

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Email: info@remax-apex.com

For the original data in Japanese click here → Kinki REINS