JR Meishō Line railway market report

JR Meishō Line Apartment market overview

The average price of JR Meishō Line (Matsusaka to Matsusaka) Apartment, in Jan, 2022 to Mar, 2022 was 285,714 JPY/sq.m. The market value represents a decrease of 25,397 JPY (-8.2%) compared to 1 year ago and a transition to a bear market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 19.0 years old (a +26.7% increase compared to the 15.0 years old of last year.). The average size of the real estate was 70.0 sq.m (a -22.2% decrease compared to the 90.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a slight decrease in transactions involving relatively new buildings under 20 years old.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations. Matsusaka station has seen a price decrease of over 10% compared to last year. The most dramatic price increase was at Matsusaka station, where prices have decreased -8.2% compared to last year; a sq.m unit now costs 285,714 JPY/sq.m.

The top 1 stations has seen prices increase -8.2% (-25,397 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -8.2% (-25,397 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 15.0 years old in 2021 and 19.0 years old in 2022; +26.7%)
  • A dramatic increase in average distance from the station (representing 3.0 min in 2021 and 25.0 min in 2022; +733.3%)

Apartment stations market overview

The average price of Matsusaka Apartment, the highest market value along this railway was 285,714 JPY/sq.m. The market value represents a decrease of 25,397 JPY (-8.2%) compared to 1 year ago and a transition to a bear market. 1 properties exchanged hands (It was the same as last year.).

The average price of Matsusaka Apartment, the lowest market value along this railway was 285,714 JPY/sq.m. The market value represents a decrease of 25,397 JPY (-8.2%) compared to 1 year ago and a transition to a bear market. 1 properties exchanged hands (It was the same as last year.).

JR Meishō Line (Stations Apartment market overview)
JR Meishō LineThis year(2022)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Matsusaka285,714 JPYsq.m
(19.01369863013698670.0sq.m)
311,111 JPYsq.m
(15.0109589041095990.0sq.m)
203,488 JPYsq.m
(16.0116438356164467.5sq.m)

*Average unit prices per sq.m of Apartment at each train station were calculated using the Utinokati database of actual market sales prices (based on surveys conducted by the Ministry of Land, Infrastructure, Transport, and Tourism of Japan). Units: JPY (Japanese Yen); parenthesis contain average age in years of building / equivalent measurement of area of real estate.

Noteworthy stations

Matsusaka285,714 JPY/sq.m (-8% compared with the previous year)

The average price of Matsusaka Apartment was 285,714 JPY/sq.m. The market value represents a decrease of 25,397 JPY (-8.2%) compared to 1 year ago and a transition to a bear market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 19.0 years old (a +26.7% increase compared to the 15.0 years old of last year.). The average size of the real estate was 70.0 sq.m (a -22.2% decrease compared to the 90.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 15.0 years old in 2021 and 19.0 years old in 2022; +26.7%)
  • A dramatic increase in average distance from the station (representing 3.0 min in 2021 and 25.0 min in 2022; +733.3%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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Corporate Profile

Company Name Utinokati
Utinokati Real estate media providing price quotes and price trends for condominiums, homes, land and rental properties in 250,000 locations nationwide, along more than 20,000 train lines and stations, as well as rent quotes and rent trends.
Totinokati Real estate media providing public land prices, roadside land prices (inheritance tax assessed values), and property tax assessed values for 10,000 areas and station areas nationwide, based on the Ministry of Land, Infrastructure, Transport and Tourism's public notice of land prices.
Location Kudanminami 1-5-6, Chiyoda-ku, Tokyo, Japan
Foundation November, 2014
Mission Our mission is to use past real estate transaction data to visualize real estate pricing across Japan and offer that information to users in a convenient fashion.