Land prices / Ibaraki / Mito

2021–2022 published land transactions

Shimoonocho land prices and price trends

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

Median transaction price per m² (2021–2022)
JPY 575 / m²
Median sample 9Five-year sample 9
Estimated price for 99.2 m² (30 tsubo)
JPY 57,000
Simple estimate using the displayed median
Estimated land + building budget
JPY 36.36M
99.2 m² (30-tsubo) building using the 2025 benchmark

Shimoonocho location

Shimoonocho 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 (2021–2022)

Middle 50% price range
JPY 514 / m² – JPY 1,029 / m²
Average transaction price
JPY 1,341 / m²

Estimated land price by plot size (2021–2022)

Plot sizeEquivalent in tsuboMedian estimateMiddle 50% estimate
66.1 m²20 tsuboJPY 38,000JPY 34,000 JPY 68,000
99.2 m²30 tsuboJPY 57,000JPY 51,000 JPY 102,000
132.2 m²40 tsuboJPY 76,000JPY 68,000 JPY 136,000
165.3 m²50 tsuboJPY 95,000JPY 85,000 JPY 170,000

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 2022. Published transactions and official residential land-price observations are separate series.

Published land transactions (2021–2022)

PeriodAreaPricePrice / m²Road widthZoning
2022-07490.0 m²JPY 500,000JPY 998 / m²4.5 m
2022-04290.0 m²JPY 300,000JPY 1,029 / m²25.8 mOther
2021-01590.0 m²JPY 3.5MJPY 6,050 / m²38 m
2021-019999.0 m²JPY 1.8MJPY 514 / m²Not disclosed
2021-011700.0 m²JPY 830,000JPY 514 / m²30 m
2021-01500.0 m²JPY 690,000JPY 1,361 / m²9.5 m
2021-011100.0 m²JPY 570,000JPY 514 / m²21 m
2021-01990.0 m²JPY 510,000JPY 514 / m²18 m
2021-01260.0 m²JPY 150,000JPY 575 / m²26 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.

Shimoonocho land-price summary

The median published transaction price in Shimoonocho for 2021–2022 is JPY 575 / m². A 99.2 m² (30-tsubo) plot would therefore be about JPY 57,000 by simple multiplication. The period-change figure compares yearly transaction medians in 2021 and 2022.

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 ↗