Existing Detached Home Prices in Greater Tokyo Rise for First Time in Two Months

Tokyo Kantei announced on May 11 its latest data on average prices for existing wooden detached houses across major metropolitan areas in Japan for April 2026.

In the Greater Tokyo area, the average price rose 0.6% month-on-month to ¥41.39 million, marking the first increase in two months. However, regional trends were mixed. Tokyo recorded a 5.3% decline to ¥63.46 million, extending its four-month downturn, while Kanagawa also fell 4.8%. In contrast, Chiba and Saitama posted gains of 7.2% and 5.2%, respectively, supported by newer properties and larger land and building sizes.

The Kansai region continued to strengthen, with average prices rising 2.0% to ¥30.27 million, returning above the ¥30 million level for the first time in six months. Kyoto saw a particularly sharp increase of 15.7%, while Hyogo experienced an 8.9% decline.

Meanwhile, prices in the Chubu region and Aichi Prefecture fell again, while Miyagi and Fukuoka both recorded increases, with Fukuoka surging 16.8% from the previous month.

The data suggests growing regional divergence in Japan’s existing home market, with buyers increasingly favoring more affordable suburban areas and tourism-driven cities such as Kyoto.

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