Land prices / Iwate / Hanamaki

2022–2024 published land transactions

Wakabacho land prices and price trends

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

Median transaction price per m² (2022–2024)
JPY 32,519 / m²JPY 32.519K / m²
Median sample 8Five-year sample 9
Estimated price for 100 m²
JPY 3.25M
Simple estimate using the displayed median
Estimated land + building budget
JPY 39.19M
100 m² building using the 2025 benchmark

Wakabacho location

Wakabacho 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 24,427 / m² – JPY 37,813 / m²JPY 24.427K / m² – JPY 37.813K / m²
Average transaction price
JPY 30,590 / m²JPY 30.59K / m²

Estimated land price by plot size (2022–2024)

Plot sizeEquivalent in tsuboMedian estimateMiddle 50% estimate
50.0 m²15.1 tsuboJPY 1.63MJPY 1.22M JPY 1.89M
100.0 m²30.3 tsuboJPY 3.25MJPY 2.44M JPY 3.78M
150.0 m²45.4 tsuboJPY 4.88MJPY 3.66M JPY 5.67M
200.0 m²60.5 tsuboJPY 6.5MJPY 4.89M JPY 7.56M

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)

PeriodAreaPricePrice / m²Road widthZoning
2024-04210.0 m²JPY 8MJPY 36,300 / m²JPY 36.3K / m²10.8 mResidential use
2024-01260.0 m²JPY 2.8MJPY 10,588 / m²JPY 10.588K / m²4 mResidential use
2023-10330.0 m²JPY 14MJPY 42,350 / m²JPY 42.35K / m²11 m
2023-07330.0 m²JPY 9.5MJPY 28,738 / m²JPY 28.738K / m²18 mResidential use
2023-07165.0 m²JPY 7.5MJPY 45,375 / m²JPY 45.375K / m²13 mResidential use
2023-07105.0 m²JPY 1.9MJPY 18,755 / m²JPY 18.755K / m²Not disclosedOther
2023-04430.0 m²JPY 16MJPY 36,300 / m²JPY 36.3K / m²22 mResidential use
2022-07700.0 m²JPY 19MJPY 26,318 / m²JPY 26.318K / 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.

Wakabacho land-price summary

The median published transaction price in Wakabacho for 2022–2024 is JPY 32,519 / m²JPY 32.519K / m². A 100 m² plot would therefore be about JPY 3.25M by simple multiplication. The period-change figure compares yearly transaction medians in 2021 and 2024.

Station-area land prices near Wakabacho

Stations whose coordinates are within 1.5 km straight-line distance of this neighborhood's representative point, ordered by distance.

This is not the distance from an individual property or a walking-time catchment. Each station page aggregates the full areas of qualifying neighborhoods.

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 ↗