Land prices / Okayama / Niimi

2021–2023 published land transactions

Tettacho-Hanagi land prices and price trends

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

Median transaction price per m² (2021–2023)
JPY 245 / m²
Median sample 4Five-year sample 4
Estimated price for 100 m²
JPY 24,503JPY 24.503K
Simple estimate using the displayed median
Estimated land + building budget
JPY 36.63M
100 m² building using the 2025 benchmark

Tettacho-Hanagi location

Tettacho-Hanagi 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 (2021–2023)

Middle 50% price range
JPY 161 / m² – JPY 331 / m²
Average transaction price
JPY 247 / m²

Estimated land price by plot size (2021–2023)

Plot sizeEquivalent in tsuboMedian estimateMiddle 50% estimate
50.0 m²15.1 tsuboJPY 12,251JPY 12.251KJPY 8,062JPY 8.062K JPY 16,532JPY 16.532K
100.0 m²30.3 tsuboJPY 24,503JPY 24.503KJPY 16,123JPY 16.123K JPY 33,063JPY 33.063K
150.0 m²45.4 tsuboJPY 36,754JPY 36.754KJPY 24,185JPY 24.185K JPY 49,595JPY 49.595K
200.0 m²60.5 tsuboJPY 49,005JPY 49.005KJPY 32,247JPY 32.247K JPY 66,127JPY 66.127K

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 2023. Published transactions and official residential land-price observations are separate series.

Published land transactions (2021–2023)

PeriodAreaPricePrice / m²Road widthZoning
2023-041100.0 m²JPY 210,000JPY 210KJPY 191 / m²Not disclosedOutside a city-planning area
2023-01460.0 m²JPY 200,000JPY 200KJPY 424 / m²18 mOutside a city-planning area
2022-041500.0 m²JPY 110,000JPY 110KJPY 73 / m²9999.9 mOutside a city-planning area
2021-109999.0 m²JPY 1MJPY 299 / m²Not disclosedOutside a 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.

Tettacho-Hanagi land-price summary

The median published transaction price in Tettacho-Hanagi for 2021–2023 is JPY 245 / m². A 100 m² plot would therefore be about JPY 24,503JPY 24.503K by simple multiplication. The period-change figure compares yearly transaction medians in 2021 and 2023.

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 ↗