Oita-Shi Apartment average value

Price 188,600 JPY/sq.m
- Age 23.4 years old
- Dist. from Sta. 17.3 min walk
- Property area 63.2 sq.m

The average price of Oita Oita-Shi Apartment, in 2020 was 222,736 JPY/sq.m. The market value represents an increase of 34,977 JPY (+18.6%) compared to 1 year ago and a transition to a bull market.

One distinguishing feature of recent real-estate transactions was an increase in transactions involving size for a general family households less than 100 sq.m, as well as a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

Cause of price increases

  • An decrease in average distance from the station (representing 18.0 min in 2019 and 15.8 min in 2020; -12.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 7.6% of total transactions in 2019 and 12.0% of total transactions in 2020)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 4.7% of total transactions in 2019 and 6.1% of total transactions in 2020)

Causes of price decreases

  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 3.1% of total transactions in 2019 and 2.4% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Oita-Shi were calculated using data on the sales of 1,996 properties provided by the MLIT Japan.

Oita-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
三佐2,775,000 JPY61,666 JPY/sq.m4 件
六坊北町16,000,000 JPY200,000 JPY/sq.m1 件
千代町14,960,000 JPY198,920 JPY/sq.m15 件
にじが丘14,653,846 JPY169,532 JPY/sq.m13 件
上野丘9,713,333 JPY132,770 JPY/sq.m15 件
上野町29,600,000 JPY369,397 JPY/sq.m5 件
下郡中央9,614,286 JPY125,842 JPY/sq.m7 件
下郡北11,375,000 JPY208,918 JPY/sq.m4 件
下郡南14,740,000 JPY179,224 JPY/sq.m10 件
下郡東19,333,333 JPY255,484 JPY/sq.m6 件
中央町18,090,909 JPY225,102 JPY/sq.m11 件
中島中央7,007,143 JPY165,389 JPY/sq.m14 件
中島東3,669,231 JPY68,041 JPY/sq.m16 件
中島西15,730,000 JPY207,467 JPY/sq.m30 件
中春日町13,760,000 JPY156,929 JPY/sq.m5 件
中津留15,333,333 JPY191,036 JPY/sq.m6 件
中鶴崎12,008,333 JPY148,095 JPY/sq.m12 件
今津留15,437,500 JPY211,786 JPY/sq.m16 件
仲西町2,240,000 JPY85,369 JPY/sq.m20 件
勢家町24,909,091 JPY313,646 JPY/sq.m11 件
北鶴崎13,500,000 JPY168,750 JPY/sq.m2 件
南春日町16,320,000 JPY204,732 JPY/sq.m30 件
南鶴崎4,300,000 JPY113,509 JPY/sq.m13 件
原新町5,203,448 JPY98,623 JPY/sq.m29 件
古ケ鶴1,472,727 JPY54,779 JPY/sq.m11 件
向原東9,000,000 JPY78,261 JPY/sq.m1 件
城崎町16,321,939 JPY223,347 JPY/sq.m98 件
城東町13,000,000 JPY162,500 JPY/sq.m1 件
大在北1,321,875 JPY65,281 JPY/sq.m16 件
大字三佐3,600,000 JPY109,000 JPY/sq.m3 件
大字三芳15,288,889 JPY180,396 JPY/sq.m27 件
大字八幡12,000,000 JPY120,000 JPY/sq.m1 件
大字千歳8,370,000 JPY104,231 JPY/sq.m10 件
大字上宗方6,200,000 JPY67,988 JPY/sq.m2 件
大字下郡15,475,000 JPY191,158 JPY/sq.m16 件
大字乙津6,562,500 JPY105,336 JPY/sq.m8 件
大字佐野1,235,750 JPY58,002 JPY/sq.m41 件
大字勢家10,450,000 JPY156,477 JPY/sq.m12 件
大字古国府12,026,316 JPY157,323 JPY/sq.m38 件
大字奥田7,512,500 JPY120,833 JPY/sq.m8 件
大字宮苑21,666,667 JPY244,444 JPY/sq.m3 件
大字小池原9,220,000 JPY128,243 JPY/sq.m5 件
大字市23,500,000 JPY298,593 JPY/sq.m6 件
大字政所1,883,333 JPY75,333 JPY/sq.m6 件
大字木上12,250,000 JPY155,288 JPY/sq.m2 件
大字森町13,984,210 JPY167,502 JPY/sq.m19 件
大字横尾15,571,014 JPY171,426 JPY/sq.m69 件
大字永興12,028,571 JPY147,792 JPY/sq.m7 件
大字津守7,888,889 JPY88,189 JPY/sq.m9 件
大字津留1,822,143 JPY67,314 JPY/sq.m14 件
大字片島10,430,000 JPY142,329 JPY/sq.m10 件
大字猪野11,148,000 JPY151,911 JPY/sq.m26 件
大字畑中10,814,286 JPY134,713 JPY/sq.m14 件
大字皆春8,476,596 JPY120,085 JPY/sq.m47 件
大字羽屋12,527,586 JPY158,092 JPY/sq.m58 件
大字羽田5,050,000 JPY91,818 JPY/sq.m6 件
大字荏隈9,286,111 JPY137,775 JPY/sq.m36 件
大字豊饒14,800,000 JPY169,329 JPY/sq.m5 件
大字駄原15,000,000 JPY214,286 JPY/sq.m3 件
大字鴛野11,477,778 JPY139,072 JPY/sq.m9 件
大手町3,694,915 JPY95,432 JPY/sq.m60 件
大津町13,500,000 JPY128,572 JPY/sq.m2 件
大道町6,468,000 JPY125,566 JPY/sq.m99 件
季の坂16,928,571 JPY223,767 JPY/sq.m14 件
寿町6,951,724 JPY162,647 JPY/sq.m29 件
山津町1,725,000 JPY69,000 JPY/sq.m4 件
岩田町7,706,250 JPY108,485 JPY/sq.m16 件
府内町17,373,913 JPY246,993 JPY/sq.m23 件
敷戸新町9,500,000 JPY147,619 JPY/sq.m2 件
新川町8,345,454 JPY127,520 JPY/sq.m22 件
新春日町25,000,000 JPY384,615 JPY/sq.m1 件
新栄町20,166,667 JPY239,298 JPY/sq.m6 件
新町18,717,500 JPY242,706 JPY/sq.m40 件
新貝24,000,000 JPY266,667 JPY/sq.m1 件
日吉町6,500,000 JPY92,857 JPY/sq.m5 件
明野北13,673,333 JPY166,191 JPY/sq.m60 件
明野南18,200,000 JPY193,487 JPY/sq.m5 件
明野東20,720,000 JPY247,842 JPY/sq.m25 件
明野西17,200,000 JPY201,589 JPY/sq.m15 件
末広町13,454,546 JPY186,679 JPY/sq.m11 件
東大道22,966,667 JPY315,612 JPY/sq.m15 件
東春日町9,446,154 JPY142,611 JPY/sq.m13 件
東津留3,685,714 JPY65,710 JPY/sq.m8 件
松原町1,333,333 JPY66,667 JPY/sq.m3 件
横田1,518,000 JPY75,900 JPY/sq.m25 件
泉町1,700,000 JPY66,889 JPY/sq.m6 件
10,181,250 JPY148,581 JPY/sq.m16 件
牧上町1,857,143 JPY80,143 JPY/sq.m7 件
王子中町23,333,333 JPY295,213 JPY/sq.m6 件
王子北町22,000,000 JPY303,810 JPY/sq.m2 件
王子南町15,227,273 JPY197,810 JPY/sq.m11 件
王子港町14,666,667 JPY191,111 JPY/sq.m3 件
王子町19,000,000 JPY265,714 JPY/sq.m3 件
王子西町11,288,235 JPY156,598 JPY/sq.m17 件
生石14,538,462 JPY181,559 JPY/sq.m13 件
生石港町14,000,000 JPY174,797 JPY/sq.m11 件
田室町10,836,000 JPY141,900 JPY/sq.m25 件
碩田町18,256,000 JPY226,284 JPY/sq.m25 件
舞鶴町22,757,143 JPY302,652 JPY/sq.m21 件
花津留13,000,000 JPY152,941 JPY/sq.m1 件
花高松6,788,333 JPY86,025 JPY/sq.m6 件
荷揚町9,733,333 JPY138,306 JPY/sq.m6 件
萩原7,494,546 JPY115,345 JPY/sq.m55 件
西大道19,833,333 JPY252,963 JPY/sq.m6 件
西新地9,920,000 JPY126,954 JPY/sq.m20 件
西春日町11,672,727 JPY164,363 JPY/sq.m11 件
西鶴崎5,366,667 JPY106,859 JPY/sq.m18 件
要町36,500,000 JPY429,122 JPY/sq.m4 件
角子南1,890,909 JPY63,030 JPY/sq.m11 件
豊町8,166,667 JPY128,611 JPY/sq.m6 件
賀来北19,000,000 JPY200,000 JPY/sq.m1 件
賀来南4,800,000 JPY87,272 JPY/sq.m2 件
賀来西22,500,000 JPY264,706 JPY/sq.m2 件
都町17,125,000 JPY220,098 JPY/sq.m8 件
金池南5,038,462 JPY89,894 JPY/sq.m20 件
金池町17,123,188 JPY243,876 JPY/sq.m69 件
錦町14,250,000 JPY170,677 JPY/sq.m4 件
長浜町5,809,615 JPY120,034 JPY/sq.m77 件
顕徳町10,633,333 JPY175,833 JPY/sq.m3 件
高城南町14,350,000 JPY210,820 JPY/sq.m2 件
高城新町13,178,571 JPY161,972 JPY/sq.m14 件
高城本町13,679,167 JPY175,145 JPY/sq.m24 件
高城西町7,725,000 JPY134,558 JPY/sq.m4 件
高松11,083,333 JPY124,292 JPY/sq.m6 件
高松東9,375,000 JPY110,123 JPY/sq.m4 件
高砂町17,100,000 JPY205,282 JPY/sq.m10 件

Oita-Shi Apartment value Age transition

Market values (unit price: sq.m, ㎡) in terms of Age, is as follow.

The orange line means market values (unit price: sq.m) for Apartment in terms of Age. The orange line changes on the basis of distance from the train station and area of the property (* For example , if the distance from the station is far, the lower the unit price.).

The dots means trading data. When you mouseover or touch the dot, details of the trading data is displayed. You can color (classify) the dots on the basis of the property area, distance from the stations, or the property price, etc.

(* You can scroll and zoom with pinch in the mobile environment.)
(* When you double-click, the value of Age is updated.)
AgeTrading PriceProportion
Price at New446,313 JPY/sq.m100 %
Residual Value (10 Years)309,880 JPY/sq.m69 %
Residual Value (20 Years)206,447 JPY/sq.m46 %
Residual Value (20 Years)136,015 JPY/sq.m30 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
{{infoObj.place}} {{infoObj.stations[0]}} {{infoObj.station_distance}} min walk)
Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
{{infoObj.days_elapsed|days_year}} years old , Area: {{infoObj.dimension}} sq.m , Total floor area: {{infoObj.dimension_all}} sq.m , Layout: {{infoObj.floor_plan}} , Structure: {{infoObj.structure}}
- Trading date: {{infoObj.trade_date|date:'MMMM, yyyy'}}

When you change the slider, the unit price will change.
Age of a building Property area Total floor area Distance from the station




Calculate Oita-Shi Apartment market value

We can calculate market values for Apartment based on their age, area, and distance from a train station.

Age
years old
Area
sq.m
Total floor space
sq.m
Distance from the station
min walk

Market values for Oita-Shi Apartment that meet the above conditions were calculated in the following manner.

{{currentObj|applyRegCalculatePrecise:averageObj:coefObj:true:true:unitType}}
({{unit_price|number:0}} JPY/sq.m)

The assumed transaction price, not including agency commissions, taxes, etc.

Trading Data

Past Apartment sales data, with similarly entered ages, area, and distances from station are as follows.

1. Oita Oita-Shi 大手町 (Oita-Shi Ooita 15.0 min walk)
24.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2008-09-01 00:00:00

Trading price:   6,700,000 JPY,    Unit price:   103,077 JPY/sq.m

2. Oita Oita-Shi 中島西 (Oita-Shi Ooita 16.0 min walk)
24.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 4LDK
- Trading date: 2019-03-01 00:00:00

Trading price:   17,000,000 JPY,    Unit price:   226,667 JPY/sq.m

3. Oita Oita-Shi 南春日町 (Oita-Shi Ooita 16.0 min walk)
26.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2018-03-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   200,000 JPY/sq.m

4. Oita Oita-Shi 岩田町 (Oita-Shi Maki 16.0 min walk)
26.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2008-09-01 00:00:00

Trading price:   7,000,000 JPY,    Unit price:   100,000 JPY/sq.m

5. Oita Oita-Shi 大手町 (Oita-Shi Ooita 15.0 min walk)
26.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2010-09-01 00:00:00

Trading price:   2,900,000 JPY,    Unit price:   44,615 JPY/sq.m

6. Oita Oita-Shi 新町 (Oita-Shi Ooita 15.0 min walk)
26.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2019-09-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   200,000 JPY/sq.m

7. Oita Oita-Shi 大字荏隈 (Oita-Shi Minamiooita 15.0 min walk)
26.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2020-09-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   153,846 JPY/sq.m

8. Oita Oita-Shi 岩田町 (Oita-Shi Maki 16.0 min walk)
26.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2010-12-01 00:00:00

Trading price:   4,900,000 JPY,    Unit price:   75,385 JPY/sq.m

9. Oita Oita-Shi 荷揚町 (Oita-Shi Ooita 16.0 min walk)
26.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2013-12-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   184,615 JPY/sq.m

10. Oita Oita-Shi 新町 (Oita-Shi Ooita 15.0 min walk)
23.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-06-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   215,385 JPY/sq.m

11. Oita Oita-Shi 大字羽屋 (Oita-Shi Furugou 15.0 min walk)
22.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-12-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   157,143 JPY/sq.m

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{{item.days_elapsed|days_year}} years old , Area: {{item.dimension}} sq.m , Total floor area: {{item.dimension_all}} sq.m , Layout: {{item.floor_plan}} , Structure: {{item.structure}}
- Trading date: {{item.trade_date|date:'MMMM, yyyy'}}

Trading price:   {{item.price|number:0}} JPY,    Unit price:   {{item.unit_price|number:0}} JPY/sq.m

Apartment market value trends

Market value trends for Apartment are as follows.

Data:
Unit:   Touch:
Apartment market value trends Market value trends for Apartment.

Apartment market value trends


Breakdown of each segment

One distinguishing feature of recent real-estate transactions was an increase in transactions involving size for a general family households less than 100 sq.m, as well as a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

Cause of price increases

  • An decrease in average distance from the station (representing 18.0 min in 2019 and 15.8 min in 2020; -12.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 7.6% of total transactions in 2019 and 12.0% of total transactions in 2020)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 4.7% of total transactions in 2019 and 6.1% of total transactions in 2020)

Causes of price decreases

  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 3.1% of total transactions in 2019 and 2.4% of total transactions in 2020)
The table below shows Apartment dealt in Oita Oita-Shi, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

Area close to the price in Oita-Shi

The closest areas in terms of Apartment price ranges to this area are ones like the following that are along a railway line and have a station.

Area / Station Median
Price
JPY
Unit price
JPY/sq.m
Age
Years old
Distance
min walk
Area
Oita-Shi 南春日町 (30) [Area]14,500,000186,607 JPY/sq.m19.0 yrs16 min72 sq.m
Beppu-Shi 中島町 (3) [Area]12,000,000184,615 JPY/sq.m26.3 yrs19 min65 sq.m
Beppu-Shi 石垣東 (188) [Area]11,500,000194,286 JPY/sq.m26.5 yrs20 min70 sq.m
Oita-Shi 王子南町 (11) [Area]12,000,000200,000 JPY/sq.m19.1 yrs20 min70 sq.m
JR Nippō Main Line Beppu (420) [Stations]12,000,000184,615 JPY/sq.m26.8 yrs18 min70 sq.m
JR JR Kyūdai Main Line (1,155) [Stations]15,000,000200,000 JPY/sq.m24.3 yrs16 min70 sq.m
JR JR Hōhi Main Line (1,003) [Stations]15,000,000200,000 JPY/sq.m24.0 yrs16 min70 sq.m
JR Kyūdai Main Line Ooita (969) [Stations]15,000,000200,000 JPY/sq.m24.0 yrs16 min70 sq.m
JR Nippō Main Line Ooita (969) [Stations]15,000,000200,000 JPY/sq.m24.0 yrs16 min70 sq.m