Mito Land average value

Price 31,611 JPY/sq.m
- Dist. from Sta. 48.7 min walk
- Property area 494 sq.m

The average price of Ibaraki JR Joban Line Mito Land, in 2019 was 31,093 JPY/sq.m. The market value represents a decrease of 4,237 JPY (-12.0%) compared to 1 year ago and a transition to a weak market.

One distinguishing feature of recent real-estate transactions was a some increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

Data regarding the market value and its changes of Land in Mito were calculated using data on the sales of 2,162 properties provided by the MLIT Japan.

Mito Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
酒門町2,500,000JPY10,869 JPY/sq.mMito30 min
渋井町16,000,000JPY8,421 JPY/sq.mMito30 min
渋井町15,000,000JPY8,333 JPY/sq.mMito30 min
渋井町9,200,000JPY9,200 JPY/sq.mMito30 min
渋井町11,000,000JPY9,166 JPY/sq.mMito30 min
新荘14,000,000JPY56,000 JPY/sq.mMito30 min
常磐町24,000,000JPY58,536 JPY/sq.mMito30 min
西原15,000,000JPY71,428 JPY/sq.mMito30 min
浜田15,000,000JPY11,538 JPY/sq.mMito30 min
東原160,000,000JPY88,888 JPY/sq.mMito30 min
堀町12,000,000JPY42,857 JPY/sq.mMito30 min
見川6,100,000JPY48,800 JPY/sq.mMito30 min
元吉田町4,000,000JPY12,500 JPY/sq.mMito30 min
元吉田町8,000,000JPY24,242 JPY/sq.mMito30 min
吉沢町15,000,000JPY34,090 JPY/sq.mMito30 min
米沢町16,000,000JPY25,396 JPY/sq.mMito30 min
笠原町150,000,000JPY107,142 JPY/sq.mMito30 min
上水戸16,000,000JPY76,190 JPY/sq.mMito30 min
けやき台6,800,000JPY52,307 JPY/sq.mMito30 min
千波町9,600,000JPY51,891 JPY/sq.mMito30 min

Land value Distance From The Station transition

Market values (unit price: sq.m, ㎡) in terms of Distance From The Station, is as follow.

The orange line means market values (unit price: sq.m) for Land in terms of Distance From The Station. 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 Distance From The Station is updated.)
Color:
Unit:   Touch:



Land value Distance From The Station transition. Market values in terms of Distance From The Station.

Land value Distance From The Station transition

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




Calculate Mito Land market value

We can calculate market values for Land 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 Mito Land that meet the above conditions were calculated in the following manner.

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({{unit_price|number:0}} JPY/sq.m)

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

Trading Data

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

1. Ibaraki Mito-Shi 堀町 (Mito-Shi Mito 30.0 min walk)
, Area: 280 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   42,857 JPY/sq.m

2. Ibaraki Mito-Shi 元吉田町 (Mito-Shi Mito 30.0 min walk)
, Area: 320 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   4,000,000 JPY,    Unit price:   12,500 JPY/sq.m

3. Ibaraki Mito-Shi 元吉田町 (Mito-Shi Mito 30.0 min walk)
, Area: 330 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   8,000,000 JPY,    Unit price:   24,242 JPY/sq.m

4. Ibaraki Mito-Shi 千波町 (Mito-Shi Mito 30.0 min walk)
, Area: 270 sq.m , Total floor area: sq.m
- Trading date: 2007-12-01 00:00:00

Trading price:   22,000,000 JPY,    Unit price:   81,481 JPY/sq.m

5. Ibaraki Mito-Shi 新荘 (Mito-Shi Mito 30.0 min walk)
, Area: 330 sq.m , Total floor area: sq.m
- Trading date: 2010-09-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   45,454 JPY/sq.m

6. Ibaraki Mito-Shi 米沢町 (Mito-Shi Mito 30.0 min walk)
, Area: 270 sq.m , Total floor area: sq.m
- Trading date: 2010-09-01 00:00:00

Trading price:   9,000,000 JPY,    Unit price:   33,333 JPY/sq.m

7. Ibaraki Mito-Shi 住吉町 (Mito-Shi Mito 30.0 min walk)
, Area: 270 sq.m , Total floor area: sq.m
- Trading date: 2010-06-01 00:00:00

Trading price:   9,000,000 JPY,    Unit price:   33,333 JPY/sq.m

8. Ibaraki Mito-Shi 袴塚 (Mito-Shi Mito 30.0 min walk)
, Area: 280 sq.m , Total floor area: sq.m
- Trading date: 2010-06-01 00:00:00

Trading price:   8,500,000 JPY,    Unit price:   30,357 JPY/sq.m

9. Ibaraki Mito-Shi 米沢町 (Mito-Shi Mito 30.0 min walk)
, Area: 310 sq.m , Total floor area: sq.m
- Trading date: 2009-09-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   32,258 JPY/sq.m

10. Ibaraki Mito-Shi 米沢町 (Mito-Shi Mito 30.0 min walk)
, Area: 320 sq.m , Total floor area: sq.m
- Trading date: 2009-09-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   31,250 JPY/sq.m

11. Ibaraki Mito-Shi 新荘 (Mito-Shi Mito 30.0 min walk)
, Area: 280 sq.m , Total floor area: sq.m
- Trading date: 2009-06-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   46,428 JPY/sq.m

12. Ibaraki Mito-Shi 浜田 (Mito-Shi Mito 30.0 min walk)
, Area: 320 sq.m , Total floor area: sq.m
- Trading date: 2009-06-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   46,875 JPY/sq.m

13. Ibaraki Mito-Shi 笠原町 (Mito-Shi Mito 30.0 min walk)
, Area: 290 sq.m , Total floor area: sq.m
- Trading date: 2008-09-01 00:00:00

Trading price:   17,000,000 JPY,    Unit price:   58,620 JPY/sq.m

14. Ibaraki Mito-Shi 酒門町 (Mito-Shi Mito 30.0 min walk)
, Area: 290 sq.m , Total floor area: sq.m
- Trading date: 2008-09-01 00:00:00

Trading price:   4,000,000 JPY,    Unit price:   13,793 JPY/sq.m

15. Ibaraki Mito-Shi 千波町 (Mito-Shi Mito 30.0 min walk)
, Area: 310 sq.m , Total floor area: sq.m
- Trading date: 2008-09-01 00:00:00

Trading price:   19,000,000 JPY,    Unit price:   61,290 JPY/sq.m

16. Ibaraki Mito-Shi 酒門町 (Mito-Shi Mito 30.0 min walk)
, Area: 270 sq.m , Total floor area: sq.m
- Trading date: 2008-06-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   44,444 JPY/sq.m

17. Ibaraki Mito-Shi 米沢町 (Mito-Shi Mito 30.0 min walk)
, Area: 320 sq.m , Total floor area: sq.m
- Trading date: 2008-06-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   34,375 JPY/sq.m

18. Ibaraki Hitachinaka-Shi 大字枝川 (Hitachinaka-Shi Mito 30.0 min walk)
, Area: 270 sq.m , Total floor area: sq.m
- Trading date: 2008-06-01 00:00:00

Trading price:   4,000,000 JPY,    Unit price:   14,814 JPY/sq.m

19. Ibaraki Mito-Shi 住吉町 (Mito-Shi Mito 30.0 min walk)
, Area: 310 sq.m , Total floor area: sq.m
- Trading date: 2008-12-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   35,483 JPY/sq.m

20. Ibaraki Mito-Shi 浜田 (Mito-Shi Mito 30.0 min walk)
, Area: 310 sq.m , Total floor area: sq.m
- Trading date: 2008-12-01 00:00:00

Trading price:   8,000,000 JPY,    Unit price:   25,806 JPY/sq.m

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Land market value trends

Market value trends for Land are as follows.

Data:
Unit:   Touch:



Land market value trends Market value trends for Land.

Land market value trends


Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a some increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

The table below shows Land dealt in Ibaraki JR Joban Line Mito, 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 Mito

The closest areas in terms of Land 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
JR Joban Line Katsuta (880) [Stations]10,000,00033,821 JPY/sq.m yrs30 min300 sq.m
JR Joban Line Akatsuka (1,308) [Stations]8,200,00026,785 JPY/sq.m yrs30 min310 sq.m
JR JR Joban Line (16,866) [Stations]6,200,00019,444 JPY/sq.m yrs30 min310 sq.m