Tokyo average home price 2025 continues to rise amid strong demand and limited land supply. As one of the world's most dynamic cities, Tokyo's real estate market remains competitive, attracting both local buyers and foreign investors. This article explores the latest pricing trends and what homebuyers can expect.
City development and transit growth
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As of mid-2025, the average price for newly built condominiums in Tokyo’s 23 wards is approximately ¥88–95 million (roughly USD 600,000–650,000), depending on the area and proximity to central business districts. Secondhand apartments, while slightly more affordable, still average around ¥55–70 million, with desirable neighborhoods like Minato, Shibuya, and Chiyoda commanding premium prices.
High demand in upscale districts
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Several key factors are influencing the Tokyo housing market in 2025:
Limited Land Availability
Tokyo is geographically constrained. With little space left for large-scale residential development in central areas, supply remains tight keeping prices high.
Post-Pandemic Urban Revival
Remote work trends that briefly slowed urban demand have reversed, with many professionals returning to the city. The desire for convenience, access to transport, and proximity to workplaces has renewed interest in urban housing.
Major Construction and Infrastructure Growth
Major projects such as the Shinagawa development zone and improvements around Tokyo Station are enhancing nearby real estate values.
Foreign Investment
The weak yen in early 2025 has made Tokyo real estate more attractive to overseas buyers, especially from neighboring Asian countries and North America.
Redevelopment projects raise property values
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Tokyo’s 23 wards vary greatly in average home prices. Here’s a quick snapshot (new condos):
Suburban areas like Tachikawa or Machida offer significantly more space and lower prices, with homes around ¥40–60 million, appealing to families and commuters.
Understanding the Tokyo average home price 2025 is crucial for anyone looking to buy property in Japan’s capital. While prices remain high, Tokyo offers long-term value backed by stable demand, robust infrastructure, and consistent economic growth. Whether you're an investor, a relocating professional, or planning a permanent move, Tokyo's housing market in 2025 presents both challenges and opportunities.
To navigate this competitive market, it's essential to have the right support. A-Realty is a trusted real estate agency specializing in Tokyo and Kanagawa properties. With bilingual staff and deep market insight, A-Realty helps both local and international clients find homes that fit their lifestyle and budget.