JR Joban Line railway market report

JR Joban Line Land market overview

The average price of JR Joban Line (Toride to Ootsukou) Land, in Jan, 2018 to Dec, 2018 was 23,555 JPY/sq.m. The market value represents a decrease of 350 JPY (-1.5%) compared to 1 year ago and a transition to a slight market. 864 properties exchanged hands ( The market value represents an increase of 341 (+65.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 551.1 sq.m (a -2.3% decrease compared to the 564.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an decrease in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

13 stations have experienced increased prices; 15 stations have experienced decreased prices. The overall trend was the same as last year. Sanuki, Hitachinoushiku, Ishioka, Hatori, Iwama, Tomobe, Takahagi, Ootsukou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Iwama station, where prices have increased +82.2% compared to last year; a sq.m unit now costs 7,570 JPY/sq.m.

The top 2 stations has seen prices increase +80.0% (+5,277 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -48.4% (-14,630 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.4% of total transactions in 2017 and 0.9% of total transactions in 2018)

Land stations market overview

The average price of Hitachinoushiku Land, the highest market value along this railway was 38,176 JPY/sq.m. The market value represents an increase of 10,669 JPY (+38.8%) compared to 1 year ago and a transition to a dramatic market. 35 properties exchanged hands ( The market value represents an increase of 15 (+75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Takahama Land, the lowest market value along this railway was 4,975 JPY/sq.m. The market value represents a decrease of 1,781 JPY (-26.4%) compared to 1 year ago and a transition to a dramatic market. 40 properties exchanged hands ( The market value represents an increase of 9 (+29.0%) compared to 1 year ago and a transition to a dramatic market.).

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.)
Toride22,466 JPYsq.m
(0.0167sq.m)
31,130 JPYsq.m
(0.0182sq.m)
21,543 JPYsq.m
(0.0788sq.m)
Fujishiro11,464 JPYsq.m
(0.0653sq.m)
25,924 JPYsq.m
(0.0559sq.m)
18,464 JPYsq.m
(0.0482sq.m)
Sanuki27,951 JPYsq.m
(0.0253sq.m)
20,495 JPYsq.m
(0.0482sq.m)
22,458 JPYsq.m
(0.0486sq.m)
Ushiku24,069 JPYsq.m
(0.0377sq.m)
22,083 JPYsq.m
(0.0440sq.m)
28,254 JPYsq.m
(0.0411sq.m)
Hitachinoushiku38,176 JPYsq.m
(0.0677sq.m)
27,507 JPYsq.m
(0.0582sq.m)
47,855 JPYsq.m
(0.0360sq.m)
Arakawaoki18,088 JPYsq.m
(0.0571sq.m)
26,279 JPYsq.m
(0.0477sq.m)
26,910 JPYsq.m
(0.0574sq.m)
Tsuchiura17,224 JPYsq.m
(0.0680sq.m)
23,819 JPYsq.m
(0.0633sq.m)
24,105 JPYsq.m
(0.0670sq.m)
Kanndatsu13,326 JPYsq.m
(0.0792sq.m)
15,606 JPYsq.m
(0.0862sq.m)
19,693 JPYsq.m
(0.0758sq.m)
Takahama4,975 JPYsq.m
(0.0932sq.m)
6,757 JPYsq.m
(0.0760sq.m)
4,292 JPYsq.m
(0.0919sq.m)
Ishioka16,730 JPYsq.m
(0.0633sq.m)
11,243 JPYsq.m
(0.0604sq.m)
13,166 JPYsq.m
(0.0538sq.m)
Hatori8,800 JPYsq.m
(0.0570sq.m)
4,989 JPYsq.m
(0.0661sq.m)
6,034 JPYsq.m
(0.0650sq.m)
Iwama7,570 JPYsq.m
(0.0789sq.m)
4,155 JPYsq.m
(0.0579sq.m)
8,360 JPYsq.m
(0.0823sq.m)
Tomobe24,362 JPYsq.m
(0.0366sq.m)
17,467 JPYsq.m
(0.0763sq.m)
15,770 JPYsq.m
(0.0632sq.m)
Uchihara17,262 JPYsq.m
(0.0475sq.m)
20,045 JPYsq.m
(0.0380sq.m)
12,607 JPYsq.m
(0.0865sq.m)
Akatsuka25,676 JPYsq.m
(0.0624sq.m)
33,217 JPYsq.m
(0.0401sq.m)
25,756 JPYsq.m
(0.0515sq.m)
Kairakuenn--37,634 JPYsq.m
(0.0930sq.m)
Mito35,330 JPYsq.m
(0.0417sq.m)
36,183 JPYsq.m
(0.0615sq.m)
28,434 JPYsq.m
(0.0532sq.m)
Katsuta29,106 JPYsq.m
(0.0539sq.m)
31,592 JPYsq.m
(0.0597sq.m)
35,667 JPYsq.m
(0.0543sq.m)
Sawa27,914 JPYsq.m
(0.0357sq.m)
25,858 JPYsq.m
(0.0905sq.m)
21,425 JPYsq.m
(0.0508sq.m)
Toukai25,116 JPYsq.m
(0.0602sq.m)
36,626 JPYsq.m
(0.0552sq.m)
28,446 JPYsq.m
(0.0586sq.m)
Oomika21,208 JPYsq.m
(0.0494sq.m)
36,009 JPYsq.m
(0.0315sq.m)
22,981 JPYsq.m
(0.0263sq.m)
Hitachitaga34,758 JPYsq.m
(0.0493sq.m)
34,914 JPYsq.m
(0.0348sq.m)
36,866 JPYsq.m
(0.0494sq.m)
Hitachi32,694 JPYsq.m
(0.0536sq.m)
29,599 JPYsq.m
(0.0457sq.m)
32,165 JPYsq.m
(0.0325sq.m)
Ogitsu31,953 JPYsq.m
(0.0318sq.m)
30,772 JPYsq.m
(0.0440sq.m)
27,772 JPYsq.m
(0.0420sq.m)
Juuou21,398 JPYsq.m
(0.0414sq.m)
23,668 JPYsq.m
(0.0520sq.m)
18,519 JPYsq.m
(0.0357sq.m)
Takahagi11,810 JPYsq.m
(0.0579sq.m)
9,023 JPYsq.m
(0.0361sq.m)
16,677 JPYsq.m
(0.0719sq.m)
Minaminakagou8,307 JPYsq.m
(0.0888sq.m)
8,972 JPYsq.m
(0.01,466sq.m)
4,710 JPYsq.m
(0.01,158sq.m)
Isohara10,930 JPYsq.m
(0.0568sq.m)
10,544 JPYsq.m
(0.0836sq.m)
17,154 JPYsq.m
(0.0534sq.m)
Ootsukou16,313 JPYsq.m
(0.0404sq.m)
9,175 JPYsq.m
(0.0167sq.m)
9,005 JPYsq.m
(0.0563sq.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

Iwama7,570 JPY/sq.m (+82% compared with the previous year)

The average price of Iwama Land was 7,570 JPY/sq.m. The market value represents an increase of 3,415 JPY (+82.2%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 1 (+14.3%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 789.4 sq.m (a +36.3% increase compared to the 579.3 sq.m of last year.).

Ootsukou16,313 JPY/sq.m (+78% compared with the previous year)

The average price of Ootsukou Land was 16,313 JPY/sq.m. The market value represents an increase of 7,138 JPY (+77.8%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 2 (+40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 404.3 sq.m (a +142.1% increase compared to the 167.0 sq.m of last year.).

Fujishiro11,464 JPY/sq.m (-56% compared with the previous year)

The average price of Fujishiro Land was 11,464 JPY/sq.m. The market value represents a decrease of 14,461 JPY (-55.8%) compared to 1 year ago and a transition to a dramatic market. 18 properties exchanged hands ( The market value represents an increase of 9 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 653.1 sq.m (a +16.8% increase compared to the 558.9 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 20.0 min in 2017 and 31.3 min in 2018; +56.4%)

Oomika21,208 JPY/sq.m (-41% compared with the previous year)

The average price of Oomika Land was 21,208 JPY/sq.m. The market value represents a decrease of 14,800 JPY (-41.1%) compared to 1 year ago and a transition to a dramatic market. 26 properties exchanged hands ( The market value represents an increase of 14 (+116.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 493.7 sq.m (a +56.9% increase compared to the 314.6 sq.m of last year.).


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)