Tokyo used house prices hit 80.67 million yen in September 2026
Tokyo's average used house reached 80.67 million yen in September 2026, the first time in the 80 million range since the series began in April 2014.
The facts
- Tokyo's average price for a used single-family house reached ¥80.67m in September 2026, up 17.1% on the month, which Tokyo Kantei records as the first rise in four months.
- Kantei states this is the first time the Tokyo average has stood in the 80 million yen range since the series began in April 2014.
- Greater Tokyo averaged ¥44.77m, up 4.3%. Within it Chiba rose 6.1% to ¥30.76m, while Kanagawa fell 5.7% to ¥44.39m and Saitama eased 0.7% to ¥29.58m.
- Further west, Kyoto rose 8.7% to ¥39.52m and Osaka 3.1% to ¥32.58m, while the Kinki region as a whole slipped 1.0% to ¥28.42m.
- Fukuoka fell 7.5% to ¥24.58m. Kantei attributes this to the average building age in the sample advancing by nearly three years and describes it as what appears to be a reaction to the previous month.
- New-build houses moved the other way in the capital: Tokyo fell 2.9% to ¥67.38m, a first decline in five months, and Greater Tokyo fell 1.8% to ¥51.23m, though Kantei notes the year-on-year comparison there is still positive.
What it means for your money
- Tokyo entry prices rose 17.1% in one month while Kanagawa, Saitama and Fukuoka got cheaper. Where you buy now matters more than when.
- If you already hold a house in Tokyo, the month added value on paper. Owners in Kanagawa, Saitama, Fukuoka and the wider Kinki region saw the opposite.
- Neither report carries a rent figure or a transaction count, so no rental yield can be derived from this release. The income side has to be priced from somewhere else.
- These are average prices and the mix of properties sold moves them. Kantei explains Fukuoka's 7.5% fall partly by the average building age rising nearly three years, which is a change in what was sold rather than in what it is worth.
What to watch
- Whether Tokyo stays in the 80 million yen range next month. A 17.1% monthly move in a segment this thin can reverse.
- Neither report announces a next publication date.
- Used and new-build prices are now moving in opposite directions in Tokyo, down 2.9% against up 17.1%. If that holds, the spread between the two segments becomes the thing to price.
Sources: Tokyo Kantei https://www.kantei.ne.jp/report/single_family/9498/; Tokyo Kantei https://www.kantei.ne.jp/report/single_family/9495/