JR Joban Line railway market report

JR Joban Line Land market overview

The average price of JR Joban Line (Toride to Ootsukou) Land, in Apr, 2018 to Jun, 2018 was 26,680 JPY/sq.m. The market value represents an increase of 1,922 JPY (+7.8%) compared to 1 year ago and a transition to a strong market. 137 properties exchanged hands ( The market value represents an increase of 108 (+372.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 527.3 sq.m (a +20.0% increase compared to the 439.3 sq.m of last year.).

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

4 stations have experienced increased prices; 6 stations have experienced decreased prices. Market value of most stations decreased. Ushiku, Mito station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Takahagi station, where prices have increased +304.3% compared to last year; a sq.m unit now costs 12,292 JPY/sq.m.

The top 2 stations has seen prices increase +170.9% (+6,634 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -71.3% (-29,758 JPY/sq.m).

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.4% of total transactions in 2017 and 1.5% of total transactions in 2018)

Land stations market overview

The average price of Mito Land, the highest market value along this railway was 40,189 JPY/sq.m. The market value represents an increase of 9,533 JPY (+31.1%) compared to 1 year ago and a transition to a dramatic market. 19 properties exchanged hands ( The market value represents an increase of 16 (+533.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Juuou Land, the lowest market value along this railway was 1,428 JPY/sq.m. The market value represents a decrease of 34,055 JPY (-96.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

JR Joban Line (Stations Land market overview)
JR Joban LineThis year(2018)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Toride22,363 JPYsq.m
(0.0163sq.m)
-29,280 JPYsq.m
(0.0252sq.m)
Fujishiro5,183 JPYsq.m
(0.0916sq.m)
-26,647 JPYsq.m
(0.0346sq.m)
Sanuki19,185 JPYsq.m
(0.0278sq.m)
31,146 JPYsq.m
(0.0225sq.m)
27,499 JPYsq.m
(0.0425sq.m)
Ushiku14,731 JPYsq.m
(0.0437sq.m)
10,714 JPYsq.m
(0.0315sq.m)
32,787 JPYsq.m
(0.0298sq.m)
Hitachinoushiku56,438 JPYsq.m
(0.0396sq.m)
-50,442 JPYsq.m
(0.0484sq.m)
Arakawaoki23,713 JPYsq.m
(0.0537sq.m)
40,714 JPYsq.m
(0.0285sq.m)
27,061 JPYsq.m
(0.0675sq.m)
Tsuchiura18,772 JPYsq.m
(0.0775sq.m)
16,040 JPYsq.m
(0.0205sq.m)
24,217 JPYsq.m
(0.0708sq.m)
Kanndatsu12,022 JPYsq.m
(0.0845sq.m)
-22,460 JPYsq.m
(0.0515sq.m)
Takahama-15,269 JPYsq.m
(0.0852sq.m)
4,900 JPYsq.m
(0.0958sq.m)
Ishioka-12,557 JPYsq.m
(0.0447sq.m)
11,219 JPYsq.m
(0.0587sq.m)
Hatori--4,998 JPYsq.m
(0.0816sq.m)
Iwama--16,470 JPYsq.m
(0.01,085sq.m)
Tomobe20,000 JPYsq.m
(0.0250sq.m)
-15,140 JPYsq.m
(0.0663sq.m)
Uchihara-60,869 JPYsq.m
(0.0230sq.m)
27,170 JPYsq.m
(0.0333sq.m)
Akatsuka31,720 JPYsq.m
(0.0310sq.m)
-26,398 JPYsq.m
(0.0513sq.m)
Kairakuenn---
Mito40,189 JPYsq.m
(0.0425sq.m)
30,656 JPYsq.m
(0.0232sq.m)
23,086 JPYsq.m
(0.0536sq.m)
Katsuta29,461 JPYsq.m
(0.0597sq.m)
30,952 JPYsq.m
(0.0205sq.m)
32,733 JPYsq.m
(0.0526sq.m)
Sawa28,159 JPYsq.m
(0.0320sq.m)
-27,939 JPYsq.m
(0.0418sq.m)
Toukai24,225 JPYsq.m
(0.0761sq.m)
-29,497 JPYsq.m
(0.0584sq.m)
Oomika16,306 JPYsq.m
(0.0176sq.m)
29,230 JPYsq.m
(0.01,300sq.m)
20,189 JPYsq.m
(0.0226sq.m)
Hitachitaga29,083 JPYsq.m
(0.0429sq.m)
54,545 JPYsq.m
(0.0220sq.m)
36,754 JPYsq.m
(0.0219sq.m)
Hitachi22,838 JPYsq.m
(0.0932sq.m)
-30,907 JPYsq.m
(0.0439sq.m)
Ogitsu40,740 JPYsq.m
(0.0270sq.m)
-13,656 JPYsq.m
(0.0198sq.m)
Juuou1,428 JPYsq.m
(0.0350sq.m)
35,483 JPYsq.m
(0.0310sq.m)
18,870 JPYsq.m
(0.0418sq.m)
Takahagi12,292 JPYsq.m
(0.0390sq.m)
3,040 JPYsq.m
(0.0125sq.m)
18,405 JPYsq.m
(0.0707sq.m)
Minaminakagou--4,288 JPYsq.m
(0.0893sq.m)
Isohara-31,666 JPYsq.m
(0.0240sq.m)
15,170 JPYsq.m
(0.0459sq.m)
Ootsukou-3,025 JPYsq.m
(0.0195sq.m)
8,625 JPYsq.m
(0.0205sq.m)

*Average unit prices per sq.m of Land 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

Takahagi12,292 JPY/sq.m (+304% compared with the previous year)

The average price of Takahagi Land was 12,292 JPY/sq.m. The market value represents an increase of 9,252 JPY (+304.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 390.0 sq.m (a +212.0% increase compared to the 125.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 4.0 min in 2017 and 24.5 min in 2018; +512.5%)

Ushiku14,731 JPY/sq.m (+37% compared with the previous year)

The average price of Ushiku Land was 14,731 JPY/sq.m. The market value represents an increase of 4,017 JPY (+37.5%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents an increase of 8 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 437.0 sq.m (a +38.7% increase compared to the 315.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 34.5 min in 2017 and 38.2 min in 2018; +10.7%)

Juuou1,428 JPY/sq.m (-96% compared with the previous year)

The average price of Juuou Land was 1,428 JPY/sq.m. The market value represents a decrease of 34,055 JPY (-96.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 350.0 sq.m (a +12.9% increase compared to the 310.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.0 min in 2017 and 30.0 min in 2018; +57.9%)

Hitachitaga29,083 JPY/sq.m (-47% compared with the previous year)

The average price of Hitachitaga Land was 29,083 JPY/sq.m. The market value represents a decrease of 25,462 JPY (-46.7%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 428.8 sq.m (a +94.9% increase compared to the 220.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.0 min in 2017 and 18.2 min in 2018; +82.5%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (https://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)