Okayama — Okayama City, Naka Ward — property transactions and local prices

Based on published MLIT transaction data, Okayama — Okayama City, Naka 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: 309 records

Median sale price
JPY 15,000,000
Median price per m²
JPY 68,000/㎡

Valid prices: 309 records/Valid unit prices: 309 records

Land and building

Transactions: 372 records

Median sale price
JPY 25,000,000
Median price per m²
—

Valid prices: 372 records/Valid unit prices: 0 records

Condominium

Transactions: 58 records

Median sale price
JPY 17,000,000
Median price per m²
—

Valid prices: 58 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 101 records/JPY 59,000/㎡ 115 records/— 12 records/—
2024 112 records/JPY 66,000/㎡ 129 records/— 22 records/—
2023 96 records/JPY 73,000/㎡ 128 records/— 24 records/—
2022 98 records/JPY 64,000/㎡ 126 records/— 19 records/—
2021 121 records/JPY 66,000/㎡ 173 records/— 22 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 48,000/㎡ (Valid: 161 records)
2017
JPY 55,000/㎡ (Valid: 149 records)
2018
JPY 55,000/㎡ (Valid: 138 records)
2019
JPY 56,000/㎡ (Valid: 131 records)
2020
JPY 60,000/㎡ (Valid: 139 records)
2021
JPY 66,000/㎡ (Valid: 121 records)
2022
JPY 64,000/㎡ (Valid: 98 records)
2023
JPY 73,000/㎡ (Valid: 96 records)
2024
JPY 66,000/㎡ (Valid: 112 records)
2025
JPY 59,000/㎡ (Valid: 101 records)

Land and building: — median sale price

2016
JPY 22,500,000 (Valid: 170 records)
2017
JPY 22,000,000 (Valid: 152 records)
2018
JPY 24,000,000 (Valid: 122 records)
2019
JPY 23,000,000 (Valid: 138 records)
2020
JPY 25,000,000 (Valid: 178 records)
2021
JPY 29,000,000 (Valid: 173 records)
2022
JPY 30,500,000 (Valid: 126 records)
2023
JPY 25,500,000 (Valid: 128 records)
2024
JPY 26,000,000 (Valid: 129 records)
2025
JPY 25,000,000 (Valid: 115 records)

Condominium: — median sale price

2016
JPY 17,000,000 (Valid: 31 records)
2017
JPY 12,000,000 (Valid: 27 records)
2018
JPY 17,000,000 (Valid: 17 records)
2019
JPY 19,000,000 (Valid: 25 records)
2020
JPY 20,000,000 (Valid: 31 records)
2021
JPY 16,000,000 (Valid: 22 records)
2022
JPY 11,000,000 (Valid: 19 records)
2023
JPY 17,000,000 (Valid: 24 records)
2024
JPY 15,500,000 (Valid: 22 records)
2025
JPY 17,500,000 (Valid: 12 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.