Land prices / Wakayama / Kainan

2023 published land transactions

Funo land prices and price trends

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

Median transaction price per m² (2023)
JPY 24,200 / m²JPY 24.2K / m²
Median sample 7Five-year sample 15
Estimated price for 100 m²
JPY 2.42M
Simple estimate using the displayed median
Estimated land + building budget
JPY 39.69M
100 m² building using the 2025 benchmark

Funo location

Funo 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)

Middle 50% price range
JPY 23,141 / m² – JPY 31,158 / m²JPY 23.141K / m² – JPY 31.158K / m²
Average transaction price
JPY 24,688 / m²JPY 24.688K / m²

Estimated land price by plot size (2023)

Plot sizeEquivalent in tsuboMedian estimateMiddle 50% estimate
50.0 m²15.1 tsuboJPY 1.21MJPY 1.16M JPY 1.56M
100.0 m²30.3 tsuboJPY 2.42MJPY 2.31M JPY 3.12M
150.0 m²45.4 tsuboJPY 3.63MJPY 3.47M JPY 4.67M
200.0 m²60.5 tsuboJPY 4.84MJPY 4.63M JPY 6.23M

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
212223
Year202120222023
Public transactions6
Indicative
2
Indicative
7
Indicative
Official observations111

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

The displayed period change compares transaction medians in 2021 and 2023. Published transactions and official residential land-price observations are separate series.

Latest official residential land-price observations: 1.

Published land transactions (2023)

PeriodAreaPricePrice / m²Road widthZoning
2023-10210.0 m²JPY 6MJPY 29,040 / m²JPY 29.04K / m²Not disclosedQuasi-industrial zone
2023-10100.0 m²JPY 2.4MJPY 24,200 / m²JPY 24.2K / m²8.4 mCategory I residential zone
2023-1090.0 m²JPY 2MJPY 22,083 / m²JPY 22.083K / m²7.8 mCategory I residential zone
2023-07330.0 m²JPY 11MJPY 33,275 / m²JPY 33.275K / m²8 mCommercial zone
2023-07145.0 m²JPY 5.5MJPY 39,325 / m²JPY 39.325K / m²10 mNeighborhood commercial zone
2023-01165.0 m²JPY 4MJPY 24,200 / m²JPY 24.2K / m²9.4 mCategory I residential zone
2023-01145.0 m²JPY 100,000JPY 100KJPY 696 / m²16 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.

Funo land-price summary

The median published transaction price in Funo for 2023 is JPY 24,200 / m²JPY 24.2K / m². A 100 m² plot would therefore be about JPY 2.42M 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 ↗