Land prices / Hokkaido / Hakodate
2022–2024 published land transactionsOtemachi land prices and price trends
This page aggregates publicly released transactions classified as residential land (land only) for the address area Otemachi, Hakodate. It does not limit transactions by the buyer's intended use.
Otemachi location
Otemachi location map
The orange point is the neighborhood representative point. Green points are stations within 1.5 km straight-line distance.
Select a station marker or label to open its station-area page. Overlapping labels appear when the marker is selected.
Price distribution (2022–2024)
Estimated land price by plot size (2022–2024)
| Plot size | Equivalent in tsubo | Median estimate | Middle 50% estimate |
|---|---|---|---|
| 66.1 m² | 20 tsubo | JPY 3.2M | JPY 2.9M – JPY 3.5M |
| 99.2 m² | 30 tsubo | JPY 4.8M | JPY 4.35M – JPY 5.25M |
| 132.2 m² | 40 tsubo | JPY 6.4M | JPY 5.8M – JPY 7M |
| 165.3 m² | 50 tsubo | JPY 8M | JPY 7.25M – JPY 8.75M |
These are simple land-only estimates calculated from the displayed median and quartile price per m², not medians of transactions at each plot size.
Land-price trend
The displayed period change compares transaction medians in 2021 and 2024. Published transactions and official residential land-price observations are separate series.
Published land transactions (2022–2024)
| Period | Area | Price | Price / m² | Road width | Zoning |
|---|---|---|---|---|---|
| 2024-04 | 1800.0 m² | JPY 330M | JPY 181,500 / m² | 9999.9 m | Retail use |
| 2023-10 | 120.0 m² | JPY 2.5M | JPY 20,570 / m² | 5 m | Other |
| 2023-04 | 260.0 m² | JPY 13M | JPY 48,400 / m² | 11 m | Office use |
| 2023-04 | 220.0 m² | JPY 12M | JPY 54,450 / m² | 13 m | Residential use |
| 2023-04 | 165.0 m² | JPY 7M | JPY 42,350 / m² | 7 m | Office use |
| 2022-10 | 230.0 m² | JPY 11M | JPY 48,400 / m² | 20 m | Retail use |
Transactions are listed newest first. They are not filtered by residential intent or buyer type. Low unit price alone is not treated as atypical. “Value check” is limited to invalid values or extremely high unit prices and does not necessarily indicate an error.
Otemachi land-price summary
The median published transaction price in Otemachi for 2022–2024 is JPY 48,400 / m². A 99.2 m² (30-tsubo) plot would therefore be about JPY 4.8M by simple multiplication. The period-change figure compares yearly transaction medians in 2021 and 2024.
Station-area land prices near Otemachi
Stations whose coordinates are within 1.5 km straight-line distance of this neighborhood's representative point, ordered by distance.
Station-000463 Station 1.5 km area
11 published transactions across 16 neighborhoods in 2025
View station area →0.32 km straight-line distanceStation-000466 Station 1.5 km area
11 published transactions across 16 neighborhoods in 2025
View station area →0.49 km straight-line distanceStation-000458 Station 1.5 km area
15 published transactions across 19 neighborhoods in 2025
View station area →0.57 km straight-line distanceHakodate Station 1.5 km area
14 published transactions across 17 neighborhoods in 2025
View station area →0.71 km straight-line distanceStation-000467 Station 1.5 km area
12 published transactions across 18 neighborhoods in 2025
View station area →This is not the distance from an individual property or a walking-time catchment. Each station page aggregates the full areas of qualifying neighborhoods.