Karuizawa Town: property prices and land values

軽井沢町

Data last updated: November 2026 (Land Price Publication 2026, Prefectural Survey 2026, transactions through Q2 2026)

Avg. residential land price
¥83K/m²
≈ $49/sq ft · 12 sites
#355 of 1795 municipalities in Japan
Avg. commercial land price
¥214K/m²
≈ $127/sq ft · 5 sites
1-year change
+13.5%
Residential +13.2% · commercial +14.4%
5 years / 10 years
+55.4% / +78.9%
Same sites, chained
Pre-owned condos per m²
¥772K/m²
70 m² ≈ ¥54.1M · 90 sales
Pre-owned houses (median)
¥45.0M
≈ $286K · 190 sales
Real Estate Zukan Index
90/100
#105 in Japan
Total real estate value Estimate
¥972.2 billion
≈ $6.2B · land ¥767.1 billion + buildings ¥205.2 billion
#224 of 1719 municipalities

Map official land price survey sites

Tap anywhere on the map to get an estimate for that spot. Map: GSI Tiles.

Price trend and forecast average chained from the same survey sites

¥0/m²¥100K/m²¥200K/m²2006201020142018202220262036
ResidentialCommercialResidential forecast
Avg. residential land priceNow1 year3 years5 years10 years
Forecast Forecast
+6.0% a year
¥83K/m²¥88K/m²¥99K/m²¥111K/m²¥148K/m²

Forecasts are projections, not guarantees. 10-year range: ¥122K/m²–¥175K/m²

Total real estate value of Karuizawa Town land and buildings · estimated from FY2025 assessed values for fixed-asset tax

Total value (market estimate)
¥972.2 billion
≈ $6.2B · 0.07% of Japan
Land (market estimate)
¥767.1 billion
residential land ¥683.6 billion
Buildings (assessed)
¥205.2 billion
30,443 buildings · 4.5 km² floor area
Assessed value (fixed-asset tax)
¥767.2 billion
land ¥562.0 billion · buildings ¥205.2 billion
ItemAssessed valueMarket estimateAreaPer m² (market estimate)
Residential land¥478.5 billion¥683.6 billion25.0 km²¥27K/m²
Other land
farmland, forest, other
¥83.5 billion¥83.5 billion44.9 km²—
Buildings
wooden ¥90.5 billion · non-wooden ¥114.7 billion
¥205.2 billion¥205.2 billion4.5 km² floor—
Total¥767.2 billion¥972.2 billion

Market estimate: residential land is assessed at about 70% of official land prices, so its assessed value is divided by 0.7; other land and buildings are shown at assessed value. Tax-exempt land and buildings (roads, parks, etc.) are not included. Source: Ministry of Internal Affairs and Communications, survey of fixed-asset values (FY2025, by municipality), compiled by Fudosan Zukan.

Karuizawa Town compared with larger areas

AreaAvg. residential≈ USD/sq ftKaruizawa Town is1 year5 yearsCondos per m²Index
Karuizawa Town ¥83K/m²$49/sq ft +13.5%+55.4% ¥772K/m²90
Nagano ¥31K/m²$18/sq ft 2.7x+0.9%+0.4% ¥386K/m²51
Japan ¥120K/m²$71/sq ft 0.69x+2.1%+8.0% ¥493K/m²—

Neighborhoods 7 · click a heading to sort

AreaAvg. residentialAvg. commercial1 year5 yearsCondos per m²Sales
Karuizawa
軽井沢
¥163K/m² ¥304K/m² +15.9% +71.7% ¥1.10M/m² 85
Karuizawahigashi
軽井沢東
¥105K/m² — +11.8% +47.5% ¥1.03M/m² 19
Oaza Nagakura
長倉
¥35K/m² ¥90K/m² +11.2% +41.9% ¥564K/m² 239
Oaza Hotchi
発地
¥35K/m² — +12.9% +48.8% — 70
Oaza Oiwake
追分
¥28K/m² — +17.0% +82.1% — 54
Oaza Mozawa
茂沢
— — — — — 11
Nakakaruizawa
中軽井沢
— ¥69K/m² +8.5% +26.0% — 1

Official land price survey sites highest first · 17 sites

LocationUsePrice per m²≈ USD/sq ft1 yearStation
長野県 北佐久郡軽井沢町大字軽井沢字屋敷東側下786番2
Prefectural Survey 2026
Commercial¥435K/m²$257/sq ft +16.0%各種専門店が建ち並ぶ県道沿いの商業地域
長野県 北佐久郡軽井沢町大字軽井沢字東野沢原1151番14
Prefectural Survey 2026
Commercial¥250K/m²$148/sq ft +20.2%店舗、飲食店等が建ち並ぶ県道沿いの商業地域
長野県 北佐久郡軽井沢町大字軽井沢字東野沢原1151番14
Land Price Publication 2026
Commercial¥228K/m²$135/sq ft +15.7%軽井沢
880 m
長野県 北佐久郡軽井沢町大字軽井沢字上御原308番11外
Prefectural Survey 2026
Residential¥210K/m²$124/sq ft +14.8%規模の大きい別荘、保養所等が見られる別荘地域
長野県 北佐久郡軽井沢町大字軽井沢字上御原308番11外
Land Price Publication 2026
Residential¥195K/m²$115/sq ft +14.7%軽井沢
2.0 km
長野県 北佐久郡軽井沢町大字軽井沢字長倉往還南原1052番142
Prefectural Survey 2026
Residential¥130K/m²$77/sq ft +15.0%中規模別荘のほか保養所も散在する別荘地域
長野県 北佐久郡軽井沢町大字軽井沢字長倉往還南原1052番142
Land Price Publication 2026
Residential¥118K/m²$70/sq ft +14.6%軽井沢
2.5 km
長野県 北佐久郡軽井沢町軽井沢東39番18
Prefectural Survey 2026
Residential¥105K/m²$62/sq ft +11.8%空き地も見られる区画整然とした住宅地域
長野県 北佐久郡軽井沢町大字長倉字大池9番130
Land Price Publication 2026
Commercial¥90K/m²$53/sq ft +11.7%軽井沢
1.9 km
長野県 北佐久郡軽井沢町中軽井沢11番17
Prefectural Survey 2026
Commercial¥69K/m²$41/sq ft +8.5%国道沿いに各種小売店舗が建ち並ぶ近隣型商業地域
長野県 北佐久郡軽井沢町大字長倉字新田3631番3
Prefectural Survey 2026
Residential¥61K/m²$36/sq ft +11.9%一般住宅が多くアパートも見られる住宅地域
長野県 北佐久郡軽井沢町大字発地字長日向1398番91
Land Price Publication 2026
Residential¥42K/m²$25/sq ft +12.7%軽井沢
3.5 km
長野県 北佐久郡軽井沢町大字長倉字小谷ヶ沢2139番1559
Prefectural Survey 2026
Residential¥32K/m²$19/sq ft +15.2%大規模別荘団地内で中規模別荘、保養所等が建ち並ぶ別荘地域
長野県 北佐久郡軽井沢町大字追分字児玉堰西67番49
Prefectural Survey 2026
Residential¥28K/m²$16/sq ft +17.0%戸建別荘のほか保養所等も見られる別荘地域
長野県 北佐久郡軽井沢町大字発地字荒熊1184番22
Land Price Publication 2026
Residential¥27K/m²$16/sq ft +13.2%中軽井沢
5.0 km
長野県 北佐久郡軽井沢町大字長倉字大日向5612番8
Land Price Publication 2026
Residential¥26K/m²$15/sq ft +12.5%信濃追分
2.4 km
長野県 北佐久郡軽井沢町大字長倉字鶴溜2115番1439
Land Price Publication 2026
Residential¥20K/m²$12/sq ft +4.8%軽井沢
5.9 km

Transaction prices MLIT Real Estate Information Library · last 2 years · 479 sales

Condos per m² (median)
¥772K/m²
Condo price (median)
¥57.0M
Land & building (median)
¥45.0M
Land per m² (median)
¥37K/m²

Sales in the loaded period: Land 417 · Land & building 385 · Pre-owned condo 183

DistrictPeriodTypePriceAreaBuiltPer m²
KaruizawahigashiQ2 2026Pre-owned condo (contract) ¥53.0M65 m²1992¥815K/m²
KaruizawahigashiQ2 2026Pre-owned condo (contract) ¥65.0M65 m²1992¥1.00M/m²
Oaza MozawaQ2 2026Land & building ¥21.0M9,999 m²1980—
Oaza MozawaQ2 2026Land ¥12.0M1,200 m²—¥9,800/m²
Oaza HotchiQ2 2026Land & building ¥27.0M1,000 m²1978—
Oaza HotchiQ2 2026Land & building ¥40.0M490 m²——
KaruizawaQ2 2026Pre-owned condo (contract) ¥90.0M75 m²2001¥1.20M/m²
KaruizawaQ2 2026Pre-owned condo (contract) ¥180.0M95 m²2020¥1.89M/m²
KaruizawaQ2 2026Pre-owned condo (contract) ¥120.0M70 m²2001¥1.71M/m²
Oaza OiwakeQ2 2026Pre-owned condo (contract) ¥24.0M80 m²1993¥300K/m²
KaruizawaQ2 2026Land & building ¥95.0M1,800 m²2013—
KaruizawaQ2 2026Land & building ¥42.0M460 m²1995—
KaruizawaQ2 2026Land & building ¥85.0M770 m²1981—
KaruizawaQ2 2026Land & building ¥72.0M350 m²1987—
Oaza OiwakeQ2 2026Land ¥35.0M620 m²—¥57K/m²
Oaza OiwakeQ2 2026Land & building ¥93.0M830 m²2024—
Oaza OiwakeQ2 2026Land & building ¥31.0M500 m²1991—
Oaza OiwakeQ2 2026Land ¥17.0M480 m²—¥36K/m²
Oaza NagakuraQ2 2026Pre-owned condo (contract) ¥40.0M75 m²1992¥533K/m²
Oaza NagakuraQ2 2026Pre-owned condo (contract) ¥9.5M35 m²1990¥271K/m²

Real Estate Zukan Index breakdown percentile within Japan (100 = highest)

Market activity
74
1-year growth
99
5-year growth
99
10-year growth
97
Price level
80
Condo price level
94

Population, income, rent, yield, transport and disaster risk will be added once sourced data is available. Methodology

Nearby areas

FAQ

What is the average land price in Karuizawa Town?

The average price of residential land in Karuizawa Town is ¥82,750 per m² (about ¥273,554 per tsubo), based on 12 sites in the official land price surveys (2026).

Are land prices in Karuizawa Town going up?

Land prices in Karuizawa Town have risen by +13.5% on average over the past year. Over five years the change is +55.4%.

How much do pre-owned condos cost in Karuizawa Town?

The median price of pre-owned condo transactions in the last two years is ¥772,222 per m², with a median price of ¥57.0 million (90 transactions, MLIT Real Estate Information Library).

What is the land price forecast for Karuizawa Town?

The Fudosan Zukan model projects residential land prices to change by +6.0% a year, reaching about ¥148,193 per m² in 10 years (range ¥121,518–¥174,868). Forecasts are projections, not guarantees.

What is the total value of real estate in Karuizawa Town?

About ¥972.2 billion: land ¥767.1 billion and buildings ¥205.2 billion (estimated from assessed values for fixed-asset tax, FY2025; assessed total ¥767.2 billion).

Land prices are official survey prices (Land Price Publication as of January 1, Prefectural Land Price Survey as of July 1); transactions are MLIT transaction and contract prices. Averages, changes, forecasts and the index are calculated by Fudosan Zukan. All prices in Japanese yen; dollar figures (≈) at ¥157.25 = $1 are for reference. Estimated prices and forecasts on this site are for reference only and do not guarantee actual sale prices or appraisal values. The estimate is not a licensed real estate appraisal; it is an "AI-estimated price" calculated from public land price and transaction statistics. Forecasts are projections, not guarantees.