What the data says
Central Osaka costs about half of central Tokyo per square metre. On brokers' closed prices (成約価格, published from 2021) the median resale condo in Kita, Chuo, Nishi and Naniwa wards sold for ¥833,000/㎡ in 2025 (median sale ¥51.0m), against ¥1.65m/㎡ for central Tokyo. It was ¥600,000/㎡ in 2021: +39% in four years (central Tokyo: +48%), and 2025 added 13%. Almost every closed-price sale here is a condo (9,884 of 10,022 in 2021–2025). Kita, home to Umeda, is the priciest ward (¥950,000/㎡ in 2025, +47% since 2021) and Naniwa the cheapest (¥680,000/㎡, +19%). Inside the wards the spread is wide: in 2023–2025, condos in Oyodo-Minami (¥1.44m/㎡) and Nakanoshima (¥1.35m/㎡) sold for about twice the ¥/㎡ of Itachibori or Tanimachi (about ¥600,000–650,000/㎡). MLIT's separate buyer survey (取引価格・アンケート), shown only as its own line, goes back to 2015: ¥500,000/㎡ then and ¥857,000/㎡ in 2025 (+71%). The two series are never combined.
Prices by year
Median sale price, resale condominiums, closed prices
Median price per ㎡ of floor area, resale condominiums: closed prices and buyer survey (two separate series)
Table view: prices by year
Closed prices (成約価格), 2021–2025: the figures used throughout this page. All types = condos and houses (the closed-price data has no land-only sales).
| Year | Sales (all types) | Condo median price | Condo ¥/㎡ | All-types median price | All-types ¥/㎡ |
|---|---|---|---|---|---|
| 2021 | 1,585 | ¥37.0m | ¥600,000 | ¥37.0m | ¥600,000 |
| 2022 | 1,774 | ¥37.0m | ¥625,000 | ¥38.0m | ¥626,667 |
| 2023 | 1,957 | ¥40.0m | ¥680,000 | ¥40.0m | ¥680,000 |
| 2024 | 2,198 | ¥45.0m | ¥740,000 | ¥45.0m | ¥738,462 |
| 2025 | 2,508 | ¥51.0m | ¥833,333 | ¥51.0m | ¥833,333 |
Buyer survey (取引価格・アンケート), 2015–2025: a separate series, shown for the longer trend only and never combined with the table above. All types = condos, houses and land.
| Year | Sales (all types) | Condo median price | Condo ¥/㎡ | All-types median price | All-types ¥/㎡ |
|---|---|---|---|---|---|
| 2015 | 1,681 | ¥18.0m | ¥500,000 | ¥21.0m | ¥533,333 |
| 2016 | 1,708 | ¥19.0m | ¥533,333 | ¥23.0m | ¥550,000 |
| 2017 | 1,544 | ¥20.0m | ¥555,556 | ¥25.0m | ¥587,500 |
| 2018 | 1,490 | ¥20.0m | ¥600,000 | ¥24.0m | ¥627,273 |
| 2019 | 1,674 | ¥20.0m | ¥612,500 | ¥25.0m | ¥640,000 |
| 2020 | 1,827 | ¥19.0m | ¥660,769 | ¥22.0m | ¥671,429 |
| 2021 | 1,950 | ¥22.0m | ¥680,000 | ¥26.0m | ¥700,000 |
| 2022 | 2,127 | ¥21.0m | ¥720,000 | ¥24.0m | ¥737,500 |
| 2023 | 2,217 | ¥20.0m | ¥760,000 | ¥21.0m | ¥800,000 |
| 2024 | 2,295 | ¥22.0m | ¥800,000 | ¥26.0m | ¥828,571 |
| 2025 | 2,355 | ¥23.0m | ¥857,143 | ¥26.0m | ¥900,000 |
By ward
2025 medians for condo sales; change compares condo ¥/㎡ in 2021 and 2025. Closed prices (成約価格) only.
| Area | Sales 2021–2025 | Sales 2025 | Median price 2025 | Median ¥/㎡ 2025 | ¥/㎡ vs 2021 |
|---|---|---|---|---|---|
| Kita (北区) | 3,417 | 870 | ¥62.5m | ¥950,000 | +47% |
| Chuo (中央区) | 3,464 | 856 | ¥50.0m | ¥833,333 | +39% |
| Nishi (西区) | 2,328 | 569 | ¥48.0m | ¥786,667 | +50% |
| Naniwa (浪速区) | 813 | 213 | ¥20.0m | ¥680,000 | +19% |
By property type, 2021–2025 (closed prices)
Medians across all years of MLIT's closed prices (成約価格). The ¥/㎡ basis differs by type (floor area for condominiums, land area for houses), so compare ¥/㎡ only within a type. The closed-price data has no land-only sales.
| Type | Sales | Median price | Median ¥/㎡ |
|---|---|---|---|
| Condominium (resale) 中古マンション等 | 9,884 | ¥42.0m ≈ US$267,000 | ¥687,228 per ㎡ of floor area |
| House / building with land 宅地(土地と建物) | 138 | ¥42.5m ≈ US$270,000 | ¥700,000 per ㎡ of land area |
Table view: ¥/㎡ by type and year (closed prices)
| Year | Condominium (resale) ¥/㎡ (n) | House / building with land ¥/㎡ (n) |
|---|---|---|
| 2021 | ¥600,000 n=1563 | ¥535,065 n=22 |
| 2022 | ¥625,000 n=1747 | ¥711,111 n=27 |
| 2023 | ¥680,000 n=1930 | ¥722,222 n=27 |
| 2024 | ¥740,000 n=2175 | ¥733,333 n=23 |
| 2025 | ¥833,333 n=2469 | ¥725,000 n=39 |
Buyer survey (取引価格・アンケート), 2015–2025: by type, including land (separate series)
A separate data set, never combined with the closed prices above. Medians across all years, then by year.
| Type | Sales | Median price | Median ¥/㎡ |
|---|---|---|---|
| Condominium (resale) 中古マンション等 | 16,945 | ¥20.0m ≈ US$127,000 | ¥683,333 per ㎡ of floor area |
| House / building with land 宅地(土地と建物) | 3,010 | ¥130m ≈ US$825,000 | ¥1,044,444 per ㎡ of land area |
| Land only 宅地(土地) | 913 | ¥100m ≈ US$635,000 | ¥750,000 per ㎡ of land area |
| Year | Condominium (resale) ¥/㎡ (n) | House / building with land ¥/㎡ (n) | Land only ¥/㎡ (n) |
|---|---|---|---|
| 2015 | ¥500,000 n=1262 | ¥680,000 n=326 | ¥489,186 n=93 |
| 2016 | ¥533,333 n=1287 | ¥866,667 n=324 | ¥551,852 n=97 |
| 2017 | ¥555,556 n=1146 | ¥931,455 n=326 | ¥590,909 n=72 |
| 2018 | ¥600,000 n=1161 | ¥1,058,036 n=251 | ¥685,994 n=78 |
| 2019 | ¥612,500 n=1323 | ¥914,286 n=279 | ¥857,143 n=72 |
| 2020 | ¥660,769 n=1502 | ¥958,009 n=242 | ¥653,333 n=83 |
| 2021 | ¥680,000 n=1626 | ¥1,171,429 n=230 | ¥800,000 n=94 |
| 2022 | ¥720,000 n=1822 | ¥1,116,279 n=230 | ¥1,000,000 n=75 |
| 2023 | ¥760,000 n=1877 | ¥1,257,353 n=258 | ¥1,106,443 n=82 |
| 2024 | ¥800,000 n=1930 | ¥1,383,333 n=279 | ¥950,000 n=86 |
| 2025 | ¥857,143 n=2009 | ¥1,625,000 n=265 | ¥1,148,333 n=81 |
Where in central Osaka: districts and stations
Most price reports stop at city or ward level. MLIT records the district and nearest station for each sale, so we can show how much prices differ within central Osaka.
By district: resale condominiums, 2023–2025
Districts with at least 10 resale-condo sales in 2023–2025, largest first. Condo-only, so the ¥/㎡ figures are comparable (per ㎡ of floor area). Closed prices (成約価格) only.
| District | Condo sales | Median ¥/㎡ | ≈ US$/ft² | Median price |
|---|---|---|---|---|
| Minami-Horie 南堀江 | 327 | ¥711,111 | US$419 | ¥44.0m |
| Shinmachi 新町 | 278 | ¥951,111 | US$561 | ¥64.0m |
| Toyosaki 豊崎 | 194 | ¥1,000,000 | US$590 | ¥65.0m |
| Nakatsu 中津 | 184 | ¥664,773 | US$392 | ¥39.0m |
| Tanimachi 谷町 | 188 | ¥652,273 | US$385 | ¥37.5m |
| Nakanoshima 中之島 | 171 | ¥1,353,846 | US$798 | ¥89.0m |
| Oyodo-Minami 大淀南 | 150 | ¥1,444,444 | US$852 | ¥95.5m |
| Edobori 江戸堀 | 145 | ¥733,333 | US$432 | ¥47.0m |
| Kita-Horie 北堀江 | 132 | ¥781,667 | US$461 | ¥38.5m |
| Itachibori 立売堀 | 122 | ¥600,000 | US$354 | ¥31.5m |
| Enokojima 江之子島 | 98 | ¥705,882 | US$416 | ¥47.0m |
| Minami-Semba 南船場 | 114 | ¥607,692 | US$358 | ¥34.5m |
By nearest station: resale condominiums, 2023–2025
Nearest stations with at least 10 resale-condo sales in 2023–2025, largest first. Condo-only, so the ¥/㎡ figures are comparable (per ㎡ of floor area). Closed prices (成約価格) only.
| Nearest station | Condo sales | Median ¥/㎡ | ≈ US$/ft² | Median price |
|---|---|---|---|---|
| Tenjimbashisuji 6-chome 天神橋筋六丁目 | 338 | ¥760,000 | US$448 | ¥52.0m |
| Awaza 阿波座 | 342 | ¥600,000 | US$354 | ¥37.0m |
| Nakatsu (Osaka Metro) 中津(大阪メトロ) | 323 | ¥866,667 | US$511 | ¥57.0m |
| Hommachi 本町 | 386 | ¥1,100,000 | US$648 | ¥67.0m |
| Sakaisuji-Hommachi 堺筋本町 | 360 | ¥933,333 | US$550 | ¥58.0m |
| Tanimachi 4-chome 谷町四丁目 | 307 | ¥720,000 | US$424 | ¥40.0m |
| Nishi-Nagahori 西長堀 | 312 | ¥738,750 | US$436 | ¥44.0m |
| Kitahama 北浜(大阪) | 230 | ¥972,115 | US$573 | ¥65.0m |
| Tanimachi 6-chome 谷町六丁目 | 234 | ¥628,571 | US$371 | ¥39.0m |
| Nakazakicho 中崎町 | 228 | ¥856,364 | US$505 | ¥52.5m |
| Sakuragawa 桜川(大阪) | 186 | ¥581,667 | US$343 | ¥30.0m |
| Minami-Morimachi 南森町 | 180 | ¥713,393 | US$421 | ¥41.5m |
In your currency
Converted at ECB reference rates of 2026-09-25: ¥157.59 = 1 USD, ¥110.79 = 1 AUD, ¥20.09 = 1 HKD, ¥123.39 = 1 SGD. The same rate is applied to every figure, so these are today's-money conversions of yen prices, not what was paid at the time. Your bank's rate and fees will differ. Closed prices (成約価格).
| JPY | USD | AUD | HKD | SGD | |
|---|---|---|---|---|---|
| Median price, 2025 (condo) | ¥51,000,000 | US$324,000 | A$460,000 | HK$2.54m | S$413,000 |
| Median ¥/㎡, 2025 | ¥833,333 | US$5,288 | A$7,522 | HK$41,479 | S$6,753 |
| Median price per ft², 2025 | ¥77,419 | US$491 | A$699 | HK$3,854 | S$627 |
Exchange rates matter as much as prices. At each year's average rate (¥110 per US$ in 2021, ¥150 in 2025), the median ¥/㎡ for resale condominiums, closed prices went from about US$5,461 to US$5,568 per ㎡: +2% in dollar terms, against +39% in yen. Dollar-based owners who bought in 2021 have seen a smaller gain than the yen figures suggest, and dollar-based buyers today pay less in their own currency than the yen trend implies.
Read this before relying on the numbers
- Two price series, never mixed. MLIT publishes brokers' closed prices (成約価格情報, from 2021) and, separately, a buyer survey (取引価格・アンケート, from before 2015). Every level figure on this page (medians, ¥/㎡, districts, stations, currencies, the typical-property example) uses closed prices only. The buyer survey appears only as its own labelled line and table, for the longer trend: it includes many more small investment studios, so its medians sit below closed prices and the two lines must not be read as one series. The same sale can appear in both.
- Mix effects. A median moves when the mix of what sold changes (size, age, tower vs. low-rise, location), even if like-for-like prices don't. The data does not let us hold quality constant; this is not a repeat-sales index.
- ¥/㎡ bases differ. Condominium ¥/㎡ is per ㎡ of floor area; houses and land are per ㎡ of land. Don't compare across types.
- Stations and districts are as recorded by MLIT (nearest station; district = 町名). A nearest station can lie outside the ward. English names are our romanisation.
Methodology
- Data: Brokers' closed prices (成約価格情報), 2021Q1–2025Q4, for every level figure; and, only as a separate labelled series, the buyer-survey transaction prices (不動産取引価格情報), 2015Q1–2025Q4 for Central Osaka (4 wards) (大阪市中心4区（中央・北・西・浪速）; municipality code 27128,27127,27106,27111), from the MLIT Real Estate Information Library. Fetched 2026-09-29.
- Median, not average: a few very large sales (whole buildings, development land) would distort an average.
- ¥/㎡: price divided by recorded area: floor area for condominiums, land area for land and land-with-building sales.
- Coverage: MLIT publishes brokers' closed prices (REINS-based, from 2021) and, separately, prices reported through its buyer survey. We select each record by MLIT's price-type field (価格情報区分) and never pool the two. Neither covers every sale, and prices and areas are rounded.
- Year: the quarter of the transaction recorded by MLIT, grouped by calendar year.
- “All property types” = land, land with building, and resale condominiums. Forest land and farmland are shown only in the by-type table.
- Excluded as non-market: sales flagged by MLIT as between related parties, court auctions/mediation, or purchase of adjoining land.
- Plots recorded only as “2,000㎡ or more” / “5,000㎡ or more” are counted in price medians but not in ¥/㎡.
- The latest year shown is the last complete calendar year; newer quarters are held back until the year is complete.
- Newest data available at fetch time: 2026Q1.
What would a typical property here cost in total?
Taxes and fees on top of the price, and the property taxes due every year, for a typical sale in central Osaka. Worked out with our Japan property tax & cost calculator: open it to change any assumption, add rent for yield and withholding, or a sale for capital-gains tax.
Central Osaka: typical resale condo: ¥51.0m
Price = 2025 median resale-condo closed price (成約価格) in Central Osaka (4 wards) (MLIT, n=2,469); floor area 61㎡ = price ÷ median ¥833,333/㎡. Assumes: 30% of the price is land; built 2005; reinforced concrete; non-resident buyer; let to a long-term tenant; city planning tax included.
Estimates only — confirm with a licensed Japanese tax accountant (税理士). Local taxes use an assumed assessed value (land 70%, building 60% of each part of the price); the real figure is on the seller's tax bill. Last reviewed 2026-09.
Can you get a mortgage to buy in central Osaka? It depends on your residency status: permanent residents borrow like Japanese nationals, a few banks lend to foreigners living in Japan on a visa, and buyers living abroad have only a handful of options (mostly for Taiwan and Hong Kong), usually with 30–50% down. See Japanese mortgages for foreigners: lenders by residency status (updated monthly), or estimate the monthly repayment: permanent resident · living in Japan, no PR · living abroad. We are not a lender and receive no fees from banks.
Source: MLIT Real Estate Information Library (processed by Japan House Prices). https://www.reinfolib.mlit.go.jp/ — 出典：国土交通省 不動産情報ライブラリ（https://www.reinfolib.mlit.go.jp/）のデータを加工して作成. Original content: Transaction prices (不動産取引価格情報) and contract prices (成約価格情報). We filtered, grouped and took medians of the published records; the resulting figures are our own and are not published or endorsed by MLIT (国土交通省).
Exchange rates: ECB euro foreign exchange reference rates of 2026-09-25. Past transaction prices do not predict future prices; this page is not a valuation, an offer of property, or investment advice. Last reviewed 2026-09.
Thinking of buying in central Osaka?
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