Used House Appraisals in Tokyo Surge 33.8% in Under Two Years, Averaging Over 62 Million Yen—Data Analysis Reveals "Price Polarization"
Speee, Inc. analyzed over 200,000 records from its "Tsunagaru Online Assessment" system, finding that national used house prices rose 18.6% in two years, while regional disparities highlight a growing market polarization.
📋 Article Processing Timeline
- 📰 Published: May 22, 2026 at 00:32
- 🔍 Collected: May 21, 2026 at 16:02
- 🤖 AI Analyzed: May 21, 2026 at 16:16 (14 min after Collected)
## Survey Report: Price Trends in the Used House Market
Speee, Inc. (HQ: Minato-ku, Tokyo; Representative Director: Hideki Otsuka; TSE Standard: 4499), the provider of the real estate appraisal system "Tsunagaru Online Assessment," has conducted a survey on national house price trends from May 2024 to February 2026, utilizing over 200,000 appraisal data points (including 20,000 in Tokyo). This survey clearly demonstrates a "polarization" in the real estate market, where rapid price surges in Tokyo are driving the national average, while downward trends are observed in regional areas.
*Note: To ensure comparative validity, all appraisal figures in this survey are calculated based on a floor area of 70 square meters.*
### 18.6% Increase Recorded in National Average
During the survey period (May 2024–February 2026), the average appraised value of used houses nationwide rose by approximately 18.6%, from 19.44 million yen to 23.05 million yen. While there are monthly fluctuations, the rise in new home prices—driven by increased material and labor costs—has spread to the used housing market, resulting in a Compound Monthly Growth Rate (CMGR) of +0.78%.
### Polarization Between Tokyo and Regional Areas
The national average is heavily driven by the surge in Tokyo. The average appraisal in Tokyo climbed from 46.62 million yen to 62.36 million yen (a 33.8% increase, CMGR +1.33%). In contrast, regions excluding Tokyo saw an increase of only 2.76%. Specifically, Hokkaido, Tohoku, and Shin-etsu regions experienced declines, with Hokkaido seeing a 16.7% drop from 12.42 million yen to 10.35 million yen. This widening real estate gap between urban and regional areas underscores the increasing importance of location selection.
### Structural Background of Price Increases
The survey identifies three structural factors behind the rise in national real estate prices:
1. **Surging Material Costs:** Inflation has driven up new home prices, boosting demand for used properties as an alternative.
2. **Rising Interest in Used Housing:** Due to a focus on cost-performance and the growth of the renovation market, preference for used homes has increased.
3. **Low Interest Rates and Tax Benefits:** Historically low interest rates and tax incentives for used real estate have fueled market demand.
### Outlook and Service Overview
Through "Tsunagaru Online Assessment," Speee aims to build a transparent trading environment that goes beyond simple business efficiency. The company continues to provide high-quality, data-driven transaction experiences, contributing to business growth and regional economic vitality. For more information, please visit the official website (https://tsunagaru-online.jp/lp/satei/).
Speee, Inc. (HQ: Minato-ku, Tokyo; Representative Director: Hideki Otsuka; TSE Standard: 4499), the provider of the real estate appraisal system "Tsunagaru Online Assessment," has conducted a survey on national house price trends from May 2024 to February 2026, utilizing over 200,000 appraisal data points (including 20,000 in Tokyo). This survey clearly demonstrates a "polarization" in the real estate market, where rapid price surges in Tokyo are driving the national average, while downward trends are observed in regional areas.
*Note: To ensure comparative validity, all appraisal figures in this survey are calculated based on a floor area of 70 square meters.*
### 18.6% Increase Recorded in National Average
During the survey period (May 2024–February 2026), the average appraised value of used houses nationwide rose by approximately 18.6%, from 19.44 million yen to 23.05 million yen. While there are monthly fluctuations, the rise in new home prices—driven by increased material and labor costs—has spread to the used housing market, resulting in a Compound Monthly Growth Rate (CMGR) of +0.78%.
### Polarization Between Tokyo and Regional Areas
The national average is heavily driven by the surge in Tokyo. The average appraisal in Tokyo climbed from 46.62 million yen to 62.36 million yen (a 33.8% increase, CMGR +1.33%). In contrast, regions excluding Tokyo saw an increase of only 2.76%. Specifically, Hokkaido, Tohoku, and Shin-etsu regions experienced declines, with Hokkaido seeing a 16.7% drop from 12.42 million yen to 10.35 million yen. This widening real estate gap between urban and regional areas underscores the increasing importance of location selection.
### Structural Background of Price Increases
The survey identifies three structural factors behind the rise in national real estate prices:
1. **Surging Material Costs:** Inflation has driven up new home prices, boosting demand for used properties as an alternative.
2. **Rising Interest in Used Housing:** Due to a focus on cost-performance and the growth of the renovation market, preference for used homes has increased.
3. **Low Interest Rates and Tax Benefits:** Historically low interest rates and tax incentives for used real estate have fueled market demand.
### Outlook and Service Overview
Through "Tsunagaru Online Assessment," Speee aims to build a transparent trading environment that goes beyond simple business efficiency. The company continues to provide high-quality, data-driven transaction experiences, contributing to business growth and regional economic vitality. For more information, please visit the official website (https://tsunagaru-online.jp/lp/satei/).
FAQ
Why are used house prices in Tokyo surging?
Rising material and labor costs have pushed up new home prices, driving demand for used properties as an alternative. Additionally, historically low interest rates have supported investment.
Which areas show price declines?
The survey identified downward trends in Hokkaido, Tohoku, and Shin-etsu regions, with Hokkaido showing the highest decline rate at 16.7%.
Are these survey figures based on closing prices?
No, they represent "estimated selling prices" calculated by AI and real estate firms, not actual transaction closing prices.