Real Estate Sales

The October Report was publish on October 9, 2024 for the real estate sales for the month of September 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.

he 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

September 2024: ¥444,300 per square meter a total of 1,499 units sold
September 2023: ¥420,700 per square meter a total of 1,409 units sold
Year-over-year change of 5.9% per square meter
Month-to-month change of -2.1% per square meter (August to September)

September 2024: ¥30,140,000 average price
September 2023: ¥28,480,000 average price
Year-over-year change of 5.8%
Month-to-month change of -2.3% (August to September)
Average Floor Area: 67.88m²
Average Age: 26.09 years

New Properties Listed

September 2024: ¥466,900 per square meter a total of 5,916 units listed
September 2023: ¥432,900 per square meter a total of 5,445 units listed
Year-over-year change of 7.9% per square meter
Month-to-month change of 2.6% per square meter (August to September)

Total Inventory

September 2024: 21,286 total units at ¥438,900 per square meter
September 2023: 19,695 total units at ¥436,000 per square meter
Year-over-year change of 0.7% per square meter
Month-to-month change of 1.1% per square meter (August to September)
Total Inventory year over year change: 8.1%

Osaka City

Units Sold

September 2024: ¥691,700 per square meter a total of 395 units sold
September 2023: ¥600,300 per square meter a total of 424 units sold
Year-over-year change of 15.2% per square meter
Month-to-month change of -0.5% per square meter (August to September)

September 2024: ¥42,920,000 average price
September 2023: ¥36,270,000 average price
Year-over-year change of 18.3%
Month-to-month change of 1.0% (August to September)
Average Floor Area: 62.05m²
Average Age: 23.03 years

New Properties Listed

September 2024: ¥680,200 per square meter a total of 1,931 units listed
September 2023: ¥596,700 per square meter a total of 1,789 units listed
Year-over-year change of 19.4% per square meter
Month-to-month change of 0.5% per square meter (August to September)

September 2024: ¥37,290,000 average price
September 2023: ¥30,230,000 average price
Year-over-year change of 23.3%
Month-to-month change of 1.1% (August to September)
Average Floor Area: 54.82m²
Average Age: 26.02 years

Northern Osaka (Hokusetsu Area)

Units Sold

September 2024: ¥423,600 per square meter a total of 174 units sold
September 2023: ¥435,100 per square meter a total of 149 units sold
Year-over-year change of -2.6% per square meter
Month-to-month change of -6.8% per square meter (August to September)

September 2024: ¥30,990,000 average price
September 2023: ¥32,590,000 average price
Year-over-year change of -4.9%
Month-to-month change of -9.2% (August to September)
Average Floor Area: 73.16m²
Average Age: 28.03 year

New Properties Listed

September 2024: ¥401,900 per square meter a total of 553 units listed
September 2023: ¥410,500 per square meter a total of 488 units listed
Year-over-year change of -2.1% per square meter
Month-to-month change of 1.5% per square meter (August to September)

September 2024: ¥29,520,000 average price
September 2023: ¥30,300,000 average price
Year-over-year change of -2.6%
Month-to-month change of 1.2% (August to September)
Average Floor Area: 73.45m²
Average Age: 33.03 years

２．House Sales (Detached Homes)
Kansai Region

Homes Sold

September 2024: average price of ¥23,790,000 for a total of 1,055 homes sold
September 2023: average price of ¥23,430,000 for a total of 944 homes sold
Year-over-year change of 1.5% (average price)
Month-to-month change of -0.6%  (average price from August to September)

Average Land Area: 137.14m²
Average Building Area: 109.12m²
Average Age: 28.04 years

New Homes Listed

September 2024: average price of ¥26,700,000 for a total of 4,266 homes listed
September 2023: average price of ¥27,140,000 for a total of 3,868 homes listed
Year-over-year change of -1.6% (average price)
Month-to-month change of 0.1%  (average price from August to September)

Average Land Area: 137.77m²
Average Building Area: 110.71m²
Average Age: 29.04 years

Total Inventory

September 2024: average price of ¥25,790,000 for a total of 17,635 homes
September 2023: average price of ¥26,350,000 for a total of 14,786 homes
Year-over-year change of -2.1% (average price)
Month-to-month change of -0.2%  (average price from August to September)
Total Inventory year over year change: 19.3%

Average Land Area: 142.55m²
Average Building Area: 110.34m²
Average Age: 30.02 years

Northern Osaka (Hokusetsu Area)

Homes Sold

September 2024: average price of ¥38,900,000 for a total of 75 homes sold
September 2023: average price of ¥32,600,000 for a total of 65 homes sold
Year-over-year change of 19.3% (average price)
Month-to-month change of 1.0%  (average price from August to September)

Average Land Area: 131.23m²
Average Building Area: 109.82m²
Average Age: 24.05 years

New Properties Listed

September 2024: average price of ¥37,580,000 for a total of 285 homes listed
September 2023: average price of ¥35,440,000 for a total of 253 homes listed
Year-over-year change of 6.0% (average price)
Month-to-month change of 0.3%  (average price from August to September)

Average Land Area: 133.44m²
Average Building Area: 112.72m²
Average Age: 26.08 years

３．Land Sales
Kansai Region

Lots Sold

September 2024: average price per square meter of ¥149,700 for a total of 648 lots sold
September 2023: average price per square meter of ¥140,700 for a total of 522 lots sold
Year-over-year change of 6.4% price per square meter
Month-to-month change of -3.0%  price per square meter (August to September)

September 2024: ¥24,140,000 average price
September 2023: ¥22,150,000 average price
Year-over-year change of 9.0%
Month-to-month change of -2.3% (August to September)
Average Land Area: 161.22m²

New Lots Listed

September 2024: average price per square meter of ¥153,800 for a total of 3,068 lots listed
September 2023: average price per square meter of ¥152,000 for a total of 3,082 lots listed
Year-over-year change of 1.2% price per square meter
Month-to-month change of -0.3%  price per square meter (August to September)

September 2024: ¥24,460,000 average price
September 2023: ¥24,230,000 average price
Year-over-year change of 0.9%
Month-to-month change of -0.7% (August to September)
Average Land Area: 159.02m²

Total Inventory

September 2024: 16,145 total lots at ¥120,700 per square meter
September 2023: 14,788 total lots at ¥120,200 per square meter
Year-over-year change of 0.4% per square meter
Month-to-month change of -0.7% per square meter (August to September)
Total Inventory year over year change: 9.2%

September 2024: ¥20,230,000 average price
September 2023: ¥20,110,000 average price
Year-over-year change of 0.6%
Month-to-month change of -0.8% (August to September)
Average Land Area: 167.63m²

Northern Osaka (Hokusetsu Area)

Lots Sold

September 2024: average price per square meter of ¥247,100 for a total of 53 lots sold
September 2023: average price per square meter of ¥226,300 for a total of 43 lots sold
Year-over-year change of 4.8% price per square meter
Month-to-month change of 2.8%  price per square meter (August to September)

September 2024: ¥37,220,000 average price
September 2023: ¥32,340,000 average price
Year-over-year change of 15.1%
Month-to-month change of 2.9% (August to September)
Average Land Area: 156.99m²

New Properties Listed

September 2024: average price per square meter of ¥258,100 for a total of 193 lots listed
September 2023: average price per square meter of ¥257,700 for a total of 201 lots listed
Year-over-year change of 0.2% price per square meter
Month-to-month change of -5.3%  price per square meter (August to September)

September 2024: ¥36,510,000 average price
September 2023: ¥40,820,000 average price
Year-over-year change of -10.6%
Month-to-month change of -14.1% (August to September)
Average Land Area: 141.46m²

For additional information please contact us here
Email: info@remax-apex.com

For the original data in Japanese click here → Kinki REINS