Land prices / Hyogo / Nishiwaki

2021 published land transactions

Okazakicho land prices and price trends

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

Median transaction price per m² (2021)
JPY 6,856 / m²JPY 6.856K / m²
Median sample 2Five-year sample 2
Estimated price for 100 m²
JPY 685,616JPY 685.616K
Simple estimate using the displayed median
Estimated land + building budget
JPY 37.95M
100 m² building using the 2025 benchmark

Okazakicho location

Okazakicho 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 (2021)

Middle 50% price range
JPY 3,478 / m² – JPY 10,234 / m²JPY 3.478K / m² – JPY 10.234K / m²
Average transaction price
JPY 6,856 / m²JPY 6.856K / m²

Estimated land price by plot size (2021)

Plot sizeEquivalent in tsuboMedian estimateMiddle 50% estimate
50.0 m²15.1 tsuboJPY 342,808JPY 342.808KJPY 173,907JPY 173.907K JPY 511,724JPY 511.724K
100.0 m²30.3 tsuboJPY 685,616JPY 685.616KJPY 347,815JPY 347.815K JPY 1.02M
150.0 m²45.4 tsuboJPY 1.03MJPY 521,722JPY 521.722K JPY 1.54M
200.0 m²60.5 tsuboJPY 1.37MJPY 695,629JPY 695.629K JPY 2.05M

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 2021 and 2021. Published transactions and official residential land-price observations are separate series.

Published land transactions (2021)

PeriodAreaPricePrice / m²Road widthZoning
2021-07270.0 m²JPY 3.7MJPY 13,613 / m²JPY 13.613K / m²16.5 mUrbanization control area
2021-0175.0 m²JPY 7,200JPY 7.2KJPY 100 / m²Not disclosedUrbanization control area

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.

Okazakicho land-price summary

The median published transaction price in Okazakicho for 2021 is JPY 6,856 / m²JPY 6.856K / m². A 100 m² plot would therefore be about JPY 685,616JPY 685.616K by simple multiplication. The period-change figure compares yearly transaction medians in 2021 and 2021.

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 ↗