Tokyo property prices for home buyers

Buying or moving in Tokyo? See what each ward or city costs per square metre, whether prices are rising or falling, and where your budget goes furthest, from official records of homes sold. Free, no sign-up.

Tokyo at a glance

Median price per m²
¥1,000,000
Jan 2026
12-month change
+5.3%
median price per m²
Like-for-like change
+11.8%
constant-quality Index, 12 months
Cheapest ward or city
Ome City (青梅市)
¥184,615/m²
Dearest ward or city
Minato Ward (港区)
¥1,870,833/m²

In the three months to January 2026, homes in Tokyo sold for a median ¥1,000,000 per square metre, +5.3% on a year earlier, across 42 wards and cities.

What drives prices in Tokyo now

Our model prices each characteristic of a home separately, comparing homes that are otherwise identical. In Tokyo, these have moved most in the past year, measured against how much each one usually moves. See every factor on the Factors page.

Station Distance

Change in this Premium since Feb 2021, in percentage points (starts at 0).

Size

Change in this Premium since Feb 2021, in percentage points (starts at 0).

What a square metre costs in every ward or city

Median price per m², January 2026

Rolling 3-month median price per m² of homes sold in all 42 wards and cities, dearest at the top. Tap or click a bar to open that area.

Price against growth

Price per m² against 5-year change, every ward or city

Each dot is one ward or city: further right costs more per m², higher up has risen more over five years. Hover or tap a dot for its name and figures.

Like-for-like prices against what buyers paid

Tokyo: change since Apr 2017

Constant-quality Index (the same kind of home over time) and Average Price Paid per m² (whatever sold), both starting at 0%. When the lines part, the mix of homes sold has changed.

Go further

Questions

What is the average property price per square metre in Tokyo?

The median was ¥1,000,000 per m² in the three months to January 2026, +5.3% on a year earlier.

What is the cheapest ward or city in Tokyo?

Ome City (青梅市), at a median ¥184,615 per m² in the three months to January 2026.

Where do the prices come from?

From MLIT Real Estate Library condominium transactions: prices actually paid, not asking prices. Updated monthly.