JR Land average value

Price 20,186 JPY/sq.m
- Dist. from Sta. 46.0 min walk
- Property area 486 sq.m

The average price of Ibaraki JR Land, in 2020 was 17,803 JPY/sq.m. The market value represents a decrease of 2,790 JPY (-13.5%) 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 very large size more than 200 sq.m.

Causes of price decreases

  • An increase in average distance from the station (representing 45.3 min in 2019 and 50.7 min in 2020; +11.9%)
  • A some decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.4% of total transactions in 2019 and 2.3% of total transactions in 2020)
Data regarding the market value and its changes of Land in JR were calculated using data on the sales of 34,629 properties provided by the MLIT Japan.

JR Land market value list

StationsAverage Trading PriceAverage Unit Price#
JR Utsunomiya Line10,753,032 JPY23,313 JPY/sq.m1,757 件
JR Joban Line11,586,781 JPY23,538 JPY/sq.m22,757 件
JR Joban Line Local Train8,360,971 JPY29,546 JPY/sq.m391 件
JR Joban Line Rapid Train8,360,971 JPY29,546 JPY/sq.m391 件
JR Mito Line11,512,874 JPY12,928 JPY/sq.m3,328 件
JR Suigun Line10,746,333 JPY21,787 JPY/sq.m5,661 件
JR Kashima Line8,989,173 JPY13,245 JPY/sq.m2,392 件

JR 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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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 JR 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 JR 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 曙町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 300 sq.m , Total floor area: sq.m
- Trading date: 2015-03-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   43,333 JPY/sq.m

2. Ibaraki Mito-Shi 愛宕町 (Mito-Shi Mito 30.0 min walk)
, Area: 330 sq.m , Total floor area: sq.m
- Trading date: 2019-12-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   36,364 JPY/sq.m

3. Ibaraki Mito-Shi 飯島町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 280 sq.m , Total floor area: sq.m
- Trading date: 2017-06-01 00:00:00

Trading price:   4,300,000 JPY,    Unit price:   15,357 JPY/sq.m

4. Ibaraki Mito-Shi 飯島町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 280 sq.m , Total floor area: sq.m
- Trading date: 2017-06-01 00:00:00

Trading price:   4,300,000 JPY,    Unit price:   15,357 JPY/sq.m

5. Ibaraki Mito-Shi 大塚町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 330 sq.m , Total floor area: sq.m
- Trading date: 2017-12-01 00:00:00

Trading price:   5,500,000 JPY,    Unit price:   16,667 JPY/sq.m

6. Ibaraki Mito-Shi 大塚町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 290 sq.m , Total floor area: sq.m
- Trading date: 2016-12-01 00:00:00

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

7. Ibaraki Mito-Shi 大塚町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 330 sq.m , Total floor area: sq.m
- Trading date: 2015-12-01 00:00:00

Trading price:   1,200,000 JPY,    Unit price:   3,636 JPY/sq.m

8. Ibaraki Mito-Shi 大塚町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 330 sq.m , Total floor area: sq.m
- Trading date: 2015-12-01 00:00:00

Trading price:   1,200,000 JPY,    Unit price:   3,636 JPY/sq.m

9. Ibaraki Mito-Shi 大塚町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 300 sq.m , Total floor area: sq.m
- Trading date: 2015-12-01 00:00:00

Trading price:   7,300,000 JPY,    Unit price:   24,333 JPY/sq.m

10. Ibaraki Mito-Shi 加倉井町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 320 sq.m , Total floor area: sq.m
- Trading date: 2018-06-01 00:00:00

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

11. Ibaraki Mito-Shi 加倉井町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 280 sq.m , Total floor area: sq.m
- Trading date: 2016-12-01 00:00:00

Trading price:   3,700,000 JPY,    Unit price:   13,214 JPY/sq.m

12. Ibaraki Mito-Shi 笠原町 (Mito-Shi Mito 30.0 min walk)
, Area: 330 sq.m , Total floor area: sq.m
- Trading date: 2019-03-01 00:00:00

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

13. Ibaraki Mito-Shi 笠原町 (Mito-Shi Mito 30.0 min walk)
, Area: 310 sq.m , Total floor area: sq.m
- Trading date: 2018-06-01 00:00:00

Trading price:   27,000,000 JPY,    Unit price:   87,097 JPY/sq.m

14. Ibaraki Mito-Shi 笠原町 (Mito-Shi Mito 30.0 min walk)
, Area: 330 sq.m , Total floor area: sq.m
- Trading date: 2017-06-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   30,303 JPY/sq.m

15. Ibaraki Mito-Shi 笠原町 (Mito-Shi Mito 30.0 min walk)
, Area: 300 sq.m , Total floor area: sq.m
- Trading date: 2016-09-01 00:00:00

Trading price:   2,000,000 JPY,    Unit price:   6,667 JPY/sq.m

16. Ibaraki Mito-Shi 笠原町 (Mito-Shi Mito 30.0 min walk)
, Area: 290 sq.m , Total floor area: sq.m
- Trading date: 2016-06-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   34,483 JPY/sq.m

17. Ibaraki Mito-Shi 上水戸 (Mito-Shi Mito 30.0 min walk)
, Area: 300 sq.m , Total floor area: sq.m
- Trading date: 2017-09-01 00:00:00

Trading price:   18,000,000 JPY,    Unit price:   60,000 JPY/sq.m

18. Ibaraki Mito-Shi 河和田町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 290 sq.m , Total floor area: sq.m
- Trading date: 2018-06-01 00:00:00

Trading price:   7,000,000 JPY,    Unit price:   24,138 JPY/sq.m

19. Ibaraki Mito-Shi 河和田町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 290 sq.m , Total floor area: sq.m
- Trading date: 2016-09-01 00:00:00

Trading price:   7,200,000 JPY,    Unit price:   24,828 JPY/sq.m

20. Ibaraki Mito-Shi 河和田町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 280 sq.m , Total floor area: sq.m
- Trading date: 2016-03-01 00:00:00

Trading price:   8,700,000 JPY,    Unit price:   31,071 JPY/sq.m

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- Trading date: {{item.trade_date|date:'MMMM, yyyy'}}

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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 very large size more than 200 sq.m.

Causes of price decreases

  • An increase in average distance from the station (representing 45.3 min in 2019 and 50.7 min in 2020; +11.9%)
  • A some decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.4% of total transactions in 2019 and 2.3% of total transactions in 2020)
The table below shows Land dealt in Ibaraki JR, 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 JR

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 Utsunomiya Line Koga (1,657) [Stations]6,250,00019,355 JPY/sq.m yrs30 min320 sq.m
JR JR Utsunomiya Line (1,757) [Stations]6,050,00018,750 JPY/sq.m yrs30 min310 sq.m
JR Joban Line Tomobe (616) [Stations]6,300,00018,260 JPY/sq.m yrs30 min305 sq.m
JR Mito Line Tomobe (616) [Stations]6,300,00018,260 JPY/sq.m yrs30 min305 sq.m
JR Kashima Line Kashimajinnguu (1,441) [Stations]7,600,00017,818 JPY/sq.m yrs30 min345 sq.m
Tsuchiura-Shi 中村東 (3) [Area]7,500,00020,270 JPY/sq.m yrs28 min370 sq.m
Tsukuba-Shi 手代木 (19) [Area]13,000,00020,000 JPY/sq.m yrs30 min330 sq.m
Tsukuba-Shi 要元上口堀 (11) [Area]8,500,00020,000 JPY/sq.m yrs30 min490 sq.m
Tsukuba-Shi 赤塚 (12) [Area]8,000,00020,000 JPY/sq.m yrs60 min350 sq.m
Kamisu-Shi 土合西 (24) [Area]7,600,00020,417 JPY/sq.m yrs30 min330 sq.m