Tokyo — Shinagawa Ward — property transactions and local prices

Based on published MLIT transaction data, Tokyo — Shinagawa Ward transaction statistics are summarized below.

Period: 2021〜2025(Five recent completed years of published data)

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Compare two municipalities in the same prefecture using the same period and property type.

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Median transaction prices over the past three completed years

2023〜2025 transactions are used for this calculation. The period differs from the five-year comparison.

Land

Transactions: 403 records

Median sale price
JPY 85,000,000
Median price per m²
JPY 1,000,000/㎡

Valid prices: 403 records/Valid unit prices: 403 records

Land and building

Transactions: 754 records

Median sale price
JPY 93,500,000
Median price per m²
—

Valid prices: 754 records/Valid unit prices: 0 records

Condominium

Transactions: 2,429 records

Median sale price
JPY 36,000,000
Median price per m²
—

Valid prices: 2429 records/Valid unit prices: 0 records

Transaction history for five completed years

Compare yearly transaction counts and median reported unit prices by property type over the five most recent completed years. Categories are calculated separately.

YearLand (records / price per m²)Land and building (records / price per m²)Condominium (records / price per m²)
2025 132 records/JPY 1,100,000/㎡ 243 records/— 820 records/—
2024 149 records/JPY 970,000/㎡ 274 records/— 820 records/—
2023 122 records/JPY 1,000,000/㎡ 237 records/— 789 records/—
2022 122 records/JPY 910,000/㎡ 222 records/— 761 records/—
2021 115 records/JPY 900,000/㎡ 231 records/— 858 records/—

Transaction price trends over ten years

The land series uses median published price per square metre; the land-and-building and condominium series use median total sale price. Different categories and units are not combined. These are not repeat-sale price indices.

Land: — median price per m²

2016
JPY 685,000/㎡ (Valid: 118 records)
2017
JPY 820,000/㎡ (Valid: 114 records)
2018
JPY 710,000/㎡ (Valid: 137 records)
2019
JPY 770,000/㎡ (Valid: 124 records)
2020
JPY 780,000/㎡ (Valid: 155 records)
2021
JPY 900,000/㎡ (Valid: 115 records)
2022
JPY 910,000/㎡ (Valid: 122 records)
2023
JPY 1,000,000/㎡ (Valid: 122 records)
2024
JPY 970,000/㎡ (Valid: 149 records)
2025
JPY 1,100,000/㎡ (Valid: 132 records)

Land and building: — median sale price

2016
JPY 61,000,000 (Valid: 175 records)
2017
JPY 63,000,000 (Valid: 225 records)
2018
JPY 68,500,000 (Valid: 218 records)
2019
JPY 68,000,000 (Valid: 210 records)
2020
JPY 66,000,000 (Valid: 227 records)
2021
JPY 80,000,000 (Valid: 231 records)
2022
JPY 90,000,000 (Valid: 222 records)
2023
JPY 84,000,000 (Valid: 237 records)
2024
JPY 94,000,000 (Valid: 274 records)
2025
JPY 110,000,000 (Valid: 243 records)

Condominium: — median sale price

2016
JPY 26,000,000 (Valid: 788 records)
2017
JPY 27,000,000 (Valid: 738 records)
2018
JPY 28,000,000 (Valid: 771 records)
2019
JPY 30,000,000 (Valid: 788 records)
2020
JPY 33,000,000 (Valid: 881 records)
2021
JPY 33,000,000 (Valid: 858 records)
2022
JPY 35,000,000 (Valid: 761 records)
2023
JPY 32,000,000 (Valid: 789 records)
2024
JPY 40,000,000 (Valid: 820 records)
2025
JPY 40,000,000 (Valid: 820 records)

Explore transactions by year

Sources and methodology

Source: MLIT Real Estate Information Library property transaction data. We filter the data by category and independently calculate medians and transaction counts.

The median is the central observation when sorted by price (or the mean of the two central observations for even-sized samples). The reference periods differ for market-level figures, transaction history and price trends.

Total transaction prices and published unit prices are summarized separately. Figures are not appraisals of individual properties and may change as the source data is updated.Data update information · Disclaimer for more details.