Average asking price reaches ¥59.28 million
AtHome reported on August 31 that the average asking price of a used condominium in Greater Tokyo reached ¥59.28 million in July 2026. Both month-on-month and year-on-year prices increased for the 24th consecutive month, and all eight surveyed areas recorded annual gains for a 15th straight month. Several parts of Tokyo, Kanagawa, Saitama and Chiba reached their highest levels since the data series began in 2017.
Tokyo remains expensive, but monthly growth slows
In Tokyo's 23 wards, the month-on-month increase narrowed to just 0.2%. Prices remain historically high, but the slower pace may indicate that the rapid acceleration seen earlier is becoming more difficult to sustain. Importantly, AtHome's figures are asking prices for properties marketed to consumers, not final transaction prices. Sellers should therefore compare advertised prices with actual comparable sales, marketing periods and price reductions before setting expectations.
Currency and taxes matter for overseas sellers
An overseas owner selling Japanese real estate may see a strong yen-denominated sale price while receiving a different return when converted into the owner's home currency. Brokerage fees, registration-related costs, capital gains taxation and withholding rules applicable to some non-resident sales can also affect net proceeds. With Greater Tokyo prices at high levels but momentum moderating in central Tokyo, sellers should rely on current transaction evidence rather than assuming that waiting automatically guarantees a higher price.