Land prices / Hokkaido / Otaru

2023–2025 published land transactions

Akaiwa land prices and price trends

This page aggregates publicly released transactions classified as residential land (land only) for the address area Akaiwa, Otaru. It does not limit transactions by the buyer's intended use.

Median transaction price per m² (2023–2025)
JPY 2,465 / m²JPY 2.465K / m²
Median sample 6Five-year sample 11
Estimated price for 100 m²
JPY 246,538JPY 246.538K
Simple estimate using the displayed median
Estimated land + building budget
JPY 38.85M
100 m² building using the 2025 benchmark

Akaiwa location

Akaiwa location map

The orange point is the neighborhood representative point. Green points are stations within 1.5 km straight-line distance.

Station
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Price distribution (2023–2025)

Middle 50% price range
JPY 492 / m² – JPY 4,008 / m²JPY 492 / m² – JPY 4.008K / m²
Average transaction price
JPY 2,617 / m²JPY 2.617K / m²

Estimated land price by plot size (2023–2025)

Plot sizeEquivalent in tsuboMedian estimateMiddle 50% estimate
50.0 m²15.1 tsuboJPY 123,269JPY 123.269KJPY 24,578JPY 24.578K JPY 200,406JPY 200.406K
100.0 m²30.3 tsuboJPY 246,538JPY 246.538KJPY 49,156JPY 49.156K JPY 400,813JPY 400.813K
150.0 m²45.4 tsuboJPY 369,806JPY 369.806KJPY 73,734JPY 73.734K JPY 601,219JPY 601.219K
200.0 m²60.5 tsuboJPY 493,075JPY 493.075KJPY 98,313JPY 98.313K JPY 801,625JPY 801.625K

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

Transaction medianOfficial land price
2122232425
Year20212022202320242025
Public transactions1
Indicative
4
Indicative
3
Indicative
1
Indicative
2
Indicative
Official observations11111

Medians and changes can move sharply in years with few transactions.

The displayed period change compares transaction medians in 2021 and 2025. Published transactions and official residential land-price observations are separate series.

Latest official residential land-price observations: 1.

Published land transactions (2023–2025)

PeriodAreaPricePrice / m²Road widthZoning
2025-041600.0 m²JPY 100,000JPY 100KJPY 64 / m²25 m
2025-01155.0 m²JPY 500,000JPY 500KJPY 3,328 / m²JPY 3.328K / m²10.8 mOther
2024-04370.0 m²JPY 600,000JPY 600KJPY 1,603 / m²JPY 1.603K / m²Not disclosedOther
2023-07190.0 m²JPY 800,000JPY 800KJPY 4,235 / m²JPY 4.235K / m²11 mOther
2023-01300.0 m²JPY 1.9MJPY 6,353 / m²JPY 6.353K / m²Not disclosedResidential use
2023-01830.0 m²JPY 100,000JPY 100KJPY 121 / m²Not disclosed

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.

Akaiwa land-price summary

The median published transaction price in Akaiwa for 2023–2025 is JPY 2,465 / m²JPY 2.465K / m². A 100 m² plot would therefore be about JPY 246,538JPY 246.538K by simple multiplication. The period-change figure compares yearly transaction medians in 2021 and 2025.

Sources and methodology

Land prices, transaction examples, trends and official land-price observations are based on public data. Small samples can be strongly affected by the conditions of individual transactions.

Source: MLIT Real Estate Information Library ↗