Land prices / Okayama / Niimi

2023–2025 published land transactions

Nishigata land prices and price trends

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

Median transaction price per m² (2023–2025)
JPY 30,250 / m²JPY 30.25K / m²
Median sample 9Five-year sample 14
Estimated price for 100 m²
JPY 3.03M
Simple estimate using the displayed median
Estimated land + building budget
JPY 39.63M
100 m² building using the 2025 benchmark

Nishigata location

Nishigata 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 (2023–2025)

Middle 50% price range
JPY 20,873 / m² – JPY 33,275 / m²JPY 20.873K / m² – JPY 33.275K / m²
Average transaction price
JPY 30,754 / m²JPY 30.754K / m²

Estimated land price by plot size (2023–2025)

Plot sizeEquivalent in tsuboMedian estimateMiddle 50% estimate
50.0 m²15.1 tsuboJPY 1.51MJPY 1.04M JPY 1.66M
100.0 m²30.3 tsuboJPY 3.03MJPY 2.09M JPY 3.33M
150.0 m²45.4 tsuboJPY 4.54MJPY 3.13M JPY 4.99M
200.0 m²60.5 tsuboJPY 6.05MJPY 4.17M JPY 6.66M

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

Transaction medianOfficial land price
2122232425
Year20212022202320242025
Public transactions3
Indicative
2
Indicative
5
Indicative
2
Indicative
2
Indicative
Official observations11111

Medians and changes can move sharply in years with few transactions.

The displayed period change compares transaction medians in 2021 and 2025. Published transactions and official residential land-price observations are separate series.

Latest official residential land-price observations: 1.

Published land transactions (2023–2025)

PeriodAreaPricePrice / m²Road widthZoning
2025-07290.0 m²JPY 6.1MJPY 20,873 / m²JPY 20.873K / m²Not disclosedQuasi-industrial zone
2025-04210.0 m²JPY 14MJPY 66,550 / m²JPY 66.55K / m²11.6 mCommercial zone
2024-10340.0 m²JPY 10MJPY 30,250 / m²JPY 30.25K / m²6 mCategory I residential zone
2024-04270.0 m²JPY 2.5MJPY 9,075 / m²JPY 9.075K / m²19 mCategory I residential zone
2023-10330.0 m²JPY 9.9MJPY 30,250 / m²JPY 30.25K / m²16 mCategory I residential zone
2023-10220.0 m²JPY 7MJPY 33,275 / m²JPY 33.275K / m²11 mCommercial zone
2023-0475.0 m²JPY 1.7MJPY 21,780 / m²JPY 21.78K / m²4 mNon-line-delineated city-planning area
2023-01260.0 m²JPY 15MJPY 57,475 / m²JPY 57.475K / m²13 mCommercial zone
2023-01990.0 m²JPY 7.2MJPY 7,260 / m²JPY 7.26K / m²15 mNon-line-delineated city-planning 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.

Nishigata land-price summary

The median published transaction price in Nishigata for 2023–2025 is JPY 30,250 / m²JPY 30.25K / m². A 100 m² plot would therefore be about JPY 3.03M by simple multiplication. The period-change figure compares yearly transaction medians in 2021 and 2025.

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 ↗