2022–2024 published land transactions

Hirakuecho land prices and price trends

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

Median transaction price per m² (2022–2024)

JPY 9,983 / m²JPY 9.983K / m²

Median sample 12Five-year sample 17

Estimated price for 100 m²

JPY 998,250JPY 998.25K

Simple estimate using the displayed median

Estimated land + building budget

JPY 37.6M

100 m² building using the 2025 benchmark

Hirakuecho location

Hirakuecho 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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Select a station marker or label to open its station-area page. Overlapping labels appear when the marker is selected.

Price distribution (2022–2024)

Middle 50% price range

JPY 4,197 / m² – JPY 12,478 / m²JPY 4.197K / m² – JPY 12.478K / m²

Average transaction price

JPY 8,587 / m²JPY 8.587K / m²

Estimated land price by plot size (2022–2024)

Plot size	Equivalent in tsubo	Median estimate	Middle 50% estimate
50.0 m²	15.1 tsubo	JPY 499,125JPY 499.125K	JPY 209,859JPY 209.859K – JPY 623,906JPY 623.906K
100.0 m²	30.3 tsubo	JPY 998,250JPY 998.25K	JPY 419,719JPY 419.719K – JPY 1.25M
150.0 m²	45.4 tsubo	JPY 1.5M	JPY 629,578JPY 629.578K – JPY 1.87M
200.0 m²	60.5 tsubo	JPY 2M	JPY 839,438JPY 839.438K – JPY 2.5M

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 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	390.0 m²	JPY 2M	JPY 5,143 / m²JPY 5.143K / m²	19 m
2023-10	280.0 m²	JPY 3.5M	JPY 12,403 / m²JPY 12.403K / m²	16 m
2023-07	420.0 m²	JPY 5M	JPY 11,798 / m²JPY 11.798K / m²	Not disclosed	Other
2023-04	610.0 m²	JPY 6.3M	JPY 10,285 / m²JPY 10.285K / m²	15 m	Office use
2022-10	750.0 m²	JPY 9.5M	JPY 12,705 / m²JPY 12.705K / m²	28 m
2022-10	9999.0 m²	JPY 1.4M	JPY 172 / m²	17 m
2022-10	40.0 m²	JPY 190,000JPY 190K	JPY 4,840 / m²JPY 4.84K / m²	39 m
2022-10	620.0 m²	JPY 110,000JPY 110K	JPY 172 / m²	21 m
2022-07	9999.0 m²	JPY 45M	JPY 19,965 / m²JPY 19.965K / m²	Not disclosed	Other
2022-07	240.0 m²	JPY 2.3M	JPY 9,680 / m²JPY 9.68K / m²	9999.9 m	Other
2022-04	360.0 m²	JPY 4.9M	JPY 13,613 / m²JPY 13.613K / m²	13 m
2022-04	570.0 m²	JPY 1.3M	JPY 2,269 / m²JPY 2.269K / m²	15 m

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.

Hirakuecho land-price summary

The median published transaction price in Hirakuecho for 2022–2024 is JPY 9,983 / m²JPY 9.983K / m². A 100 m² plot would therefore be about JPY 998,250JPY 998.25K by simple multiplication. The period-change figure compares yearly transaction medians in 2021 and 2024.

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 ↗