Greater Tokyo April 2025 existing condo prices rise for 60th straight month
- Adam German
- May 13
- 2 min read
Updated: Jun 6
The average sold price-per-square meter for existing condominiums in the Greater Tokyo Area (GTA) rose for the 60th consecutive month Year-on-Year (YoY) in April 2025, according to a new report released May 12th by the Real Estate Information Network for East Japan (REINS).
Sold prices reached an average of ¥811,100 per square meter - up 3.9% YoY compared to April 2024.
Graph taken from report linked at bottom of this article and translated by Patience Realty. Data points reflect averages and sold data is voluntarily reported and is therefore incomplete. Listed advertised prices are more accurate.
This figure also surpasses the previous historical peak of ¥801,400 recorded in November 1990, during the height of Japan’s asset bubble.
Greater Tokyo Sales Volume Sees Strong Growth
In the GTA, 3,950 existing condominium units were reported sold in April, marking a 21.5% increase year-on-year (YoY).
The GTA consists of Tokyo, Kanagawa, Chiba and Saitama prefectures as measured in the REINS report.
April’s print is the sixth consecutive month of sales growth and the fourth straight month to post double-digit increases.
Sales by prefecture included:
Prefecture | No. of Units Sold | YoY % Change |
Tokyo | 2,152 | 18.8% up |
Kanagawa | 909 | 26.6% up |
Chiba | 439 | 17.7% up |
Saitama | 450 | 29.3% up |
Notably, areas in Kanagawa outside Yokohama and Kawasaki saw a 44.4% increase in transactions, totaling 257 units.
Average Unit Size Shrinks as Prices Rise
The average sold price-per-condo unit in April was ¥50.47 million, up 0.6% YoY and the sixth consecutive month of growth.
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However, the average unit size decreased by 3.2% YoY to 62.22 square meters.
Meanwhile, the average building age rose by 2.33 years to 26.45 years, indicating increased buyer tolerance for older properties in a tight market.
New Listings and Total On-Market Inventory Continue to Decline
New listings dropped for the 14th consecutive month, down 6.0% YoY to 15,885 units.
Overall total Inventory also declined for the 12th month in a row, falling 4.4% YoY to 44,008 units.
GTA Single Family Homes in April 2025 - Transactions Up, Prices Down
The market for existing single-family homes also showed strong growth with a total of 1,777 transactions being recorded in April - a 45.3% increase from the same month last year.
Sales rose sharply in the GTA prefectures of:
Saitama: +60.6% YoY
Chiba: +40.6% YoY
Despite the jump in activity, the average GTA sale price of single-family homes dropped by 5.7% YoY to ¥38.04 million.
Further Reading:
REINS April 2025 Greater Tokyo Existing Condo Market Trend Report (Japanese only; presents more granular data than outlined above)
Source:
R.E. Port News (Japanese only)
