Land prices / Hokkaido / Otaru

2023–2025 published land transactions

Wakatakecho land prices and price trends

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

Median transaction price per m² (2023–2025)
JPY 15,730 / m²JPY 15.73K / m²
Median sample 5Five-year sample 9
Estimated price for 100 m²
JPY 1.57M
Simple estimate using the displayed median
Estimated land + building budget
JPY 40.17M
100 m² building using the 2025 benchmark

Wakatakecho location

Wakatakecho 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 10,588 / m² – JPY 16,638 / m²JPY 10.588K / m² – JPY 16.638K / m²
Average transaction price
JPY 12,536 / m²JPY 12.536K / m²

Estimated land price by plot size (2023–2025)

Plot sizeEquivalent in tsuboMedian estimateMiddle 50% estimate
50.0 m²15.1 tsuboJPY 786,500JPY 786.5KJPY 529,375JPY 529.375K JPY 831,875JPY 831.875K
100.0 m²30.3 tsuboJPY 1.57MJPY 1.06M JPY 1.66M
150.0 m²45.4 tsuboJPY 2.36MJPY 1.59M JPY 2.5M
200.0 m²60.5 tsuboJPY 3.15MJPY 2.12M JPY 3.33M

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

No matching residential official land-price observation is available for this neighborhood.

The displayed period change compares transaction medians in 2022 and 2025. Published transactions and official residential land-price observations are separate series.

Published land transactions (2023–2025)

PeriodAreaPricePrice / m²Road widthZoning
2025-10175.0 m²JPY 3.2MJPY 18,150 / m²JPY 18.15K / m²12 mResidential use
2024-10380.0 m²JPY 600,000JPY 600KJPY 1,573 / m²JPY 1.573K / m²12.5 mOther
2024-0765.0 m²JPY 700,000JPY 700KJPY 10,588 / m²JPY 10.588K / m²5.5 mOther
2023-10200.0 m²JPY 3.1MJPY 15,730 / m²JPY 15.73K / m²16 mResidential use
2023-04310.0 m²JPY 5.2MJPY 16,638 / m²JPY 16.638K / m²10.5 mResidential 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.

Wakatakecho land-price summary

The median published transaction price in Wakatakecho for 2023–2025 is JPY 15,730 / m²JPY 15.73K / m². A 100 m² plot would therefore be about JPY 1.57M by simple multiplication. The period-change figure compares yearly transaction medians in 2022 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 ↗