Land prices / Okayama / Niimi

2024 published land transactions

Shoden land prices and price trends

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

Median transaction price per m² (2024)
JPY 13,008 / m²JPY 13.008K / m²
Median sample 3Five-year sample 7
Estimated price for 100 m²
JPY 1.3M
Simple estimate using the displayed median
Estimated land + building budget
JPY 37.9M
100 m² building using the 2025 benchmark

Shoden location

Shoden 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 (2024)

Middle 50% price range
JPY 12,705 / m² – JPY 27,679 / m²JPY 12.705K / m² – JPY 27.679K / m²
Average transaction price
JPY 22,587 / m²JPY 22.587K / m²

Estimated land price by plot size (2024)

Plot sizeEquivalent in tsuboMedian estimateMiddle 50% estimate
50.0 m²15.1 tsuboJPY 650,375JPY 650.375KJPY 635,250JPY 635.25K JPY 1.38M
100.0 m²30.3 tsuboJPY 1.3MJPY 1.27M JPY 2.77M
150.0 m²45.4 tsuboJPY 1.95MJPY 1.91M JPY 4.15M
200.0 m²60.5 tsuboJPY 2.6MJPY 2.54M JPY 5.54M

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 (2024)

PeriodAreaPricePrice / m²Road widthZoning
2024-101300.0 m²JPY 15MJPY 12,403 / m²JPY 12.403K / m²22 mIndustrial zone
2024-10240.0 m²JPY 10MJPY 42,350 / m²JPY 42.35K / m²Not disclosedNeighborhood commercial zone
2024-04140.0 m²JPY 1.8MJPY 13,008 / m²JPY 13.008K / m²9 mCategory I residential 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.

Shoden land-price summary

The median published transaction price in Shoden for 2024 is JPY 13,008 / m²JPY 13.008K / m². A 100 m² plot would therefore be about JPY 1.3M 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 ↗