Land prices / Niigata / Murakami
2023 published land transactionsTeramachi land prices and price trends
This page aggregates publicly released transactions classified as residential land (land only) for the address area Teramachi, Murakami. It does not limit transactions by the buyer's intended use.
Teramachi location
Teramachi location map
The orange point is the neighborhood representative point. Green points are stations within 1.5 km straight-line distance.
Select a station marker or label to open its station-area page. Overlapping labels appear when the marker is selected.
Price distribution (2023)
Estimated land price by plot size (2023)
| Plot size | Equivalent in tsubo | Median estimate | Middle 50% estimate |
|---|---|---|---|
| 50.0 m² | 15.1 tsubo | JPY 605,000JPY 605K | JPY 582,313JPY 582.313K – JPY 627,688JPY 627.688K |
| 100.0 m² | 30.3 tsubo | JPY 1.21M | JPY 1.16M – JPY 1.26M |
| 150.0 m² | 45.4 tsubo | JPY 1.82M | JPY 1.75M – JPY 1.88M |
| 200.0 m² | 60.5 tsubo | JPY 2.42M | JPY 2.33M – JPY 2.51M |
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
The displayed period change compares transaction medians in 2023 and 2023. Published transactions and official residential land-price observations are separate series.
Published land transactions (2023)
| Period | Area | Price | Price / m² | Road width | Zoning |
|---|---|---|---|---|---|
| 2023-10 | 180.0 m² | JPY 2M | JPY 11,193 / m²JPY 11.193K / m² | 10.5 m | Commercial zone |
| 2023-07 | 80.0 m² | JPY 1M | JPY 13,008 / m²JPY 13.008K / m² | 17 m | Commercial zone |
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.
Teramachi land-price summary
The median published transaction price in Teramachi for 2023 is JPY 12,100 / m²JPY 12.1K / m². A 100 m² plot would therefore be about JPY 1.21M by simple multiplication. The period-change figure compares yearly transaction medians in 2023 and 2023.