Otemachi, Shibata City: property prices and land values

大手町(新発田市)

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

Avg. residential land price
¥35K/m²
≈ $20/sq ft · 1 sites
#10 of 28 neighborhoods
Avg. commercial land price
¥33K/m²
≈ $19/sq ft · 1 sites
1-year change
−1.2%
Residential −0.9% · commercial −1.5%
5 years / 10 years
−5.9% / −10.8%
Same sites, chained
Pre-owned condos per m²
No data
Pre-owned houses (median)
¥21.0M
≈ $133K · 10 sales
Real Estate Zukan Index
No data
Total real estate value Estimate
Coming soon

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

¥20K/m²¥30K/m²¥40K/m²¥50K/m²¥60K/m²2006201020142018202220262036
ResidentialCommercialResidential forecast
Avg. residential land priceNow1 year3 years5 years10 years
Forecast Forecast
−0.8% a year
¥35K/m²¥34K/m²¥34K/m²¥33K/m²¥32K/m²

Forecasts are projections, not guarantees. 10-year range: ¥26K/m²–¥38K/m²

Otemachi, Shibata City compared with larger areas

AreaAvg. residential≈ USD/sq ftOtemachi, Shibata City is1 year5 yearsCondos per m²Index
Otemachi, Shibata City ¥35K/m²$20/sq ft −1.2%−5.9% ——
Shibata City ¥23K/m²$13/sq ft 1.5x−0.7%−3.7% ¥190K/m²47
Niigata ¥31K/m²$18/sq ft 1.1x−0.6%−3.7% ¥238K/m²25
Japan ¥120K/m²$70/sq ft 0.29x+2.1%+8.0% ¥493K/m²—

Official land price survey sites highest first · 2 sites

LocationUsePrice per m²≈ USD/sq ft1 yearStation
新潟県 新発田市大手町2丁目1354番
Land Price Publication 2026
Residential¥35K/m²$20/sq ft −0.9%新発田
1.8 km
新潟県 新発田市大手町1丁目甲530番
Prefectural Survey 2026
Commercial¥33K/m²$19/sq ft −1.5%低層の店舗、事務所等が建ち並ぶ既成商業地域

Transaction prices MLIT Real Estate Information Library · last 2 years · 14 sales

Condos per m² (median)
—
Condo price (median)
—
Land & building (median)
¥21.0M
Land per m² (median)
¥25K/m²

Sales in the loaded period: Land & building 17 · Land 6 · Pre-owned condo 2

DistrictPeriodTypePriceAreaBuiltPer m²
OtemachiQ2 2026Land & building (contract) ¥24.0M140 m²2026—
OtemachiQ1 2026Pre-owned condo ¥4.0M45 m²—¥89K/m²
OtemachiQ1 2026Land & building ¥62.0M280 m²1962—
OtemachiQ4 2025Land & building ¥30.0M135 m²2025—
OtemachiQ3 2025Land & building ¥31.0M350 m²1993—
OtemachiQ3 2025Land ¥6.0M380 m²—¥16K/m²
OtemachiQ3 2025Land ¥900K30 m²—¥29K/m²
OtemachiQ3 2025Land & building ¥6.7M200 m²1968—
OtemachiQ3 2025Land & building ¥3.0M110 m²1992—
OtemachiQ3 2025Land & building (contract) ¥20.0M135 m²2024—
OtemachiQ2 2025Land & building (contract) ¥22.0M135 m²2024—
OtemachiQ2 2025Land & building ¥10K105 m²1966—
OtemachiQ1 2025Land & building ¥2.1M450 m²1973—
OtemachiQ1 2025Land ¥2.5M95 m²—¥25K/m²
OtemachiQ4 2024Land & building (contract) ¥8.5M70 m²1993—
OtemachiQ4 2024Land & building ¥10K350 m²——
OtemachiQ4 2024Land & building ¥150K45 m²——
OtemachiQ3 2024Land ¥1.0M80 m²—¥12K/m²
OtemachiQ2 2024Land ¥900K80 m²—¥11K/m²
OtemachiQ4 2023Pre-owned condo ¥3.4M30 m²1989¥113K/m²

Nearby neighborhoods

FAQ

What is the average land price in Otemachi, Shibata City?

The average price of residential land in Otemachi, Shibata City is ¥34,700 per m² (about ¥114,711 per tsubo), based on 1 sites in the official land price surveys (2026).

Are land prices in Otemachi, Shibata City going up?

Land prices in Otemachi, Shibata City have fallen by -1.2% on average over the past year. Over five years the change is -5.9%.

What is the land price forecast for Otemachi, Shibata City?

The Fudosan Zukan model projects residential land prices to change by -0.8% a year, reaching about ¥31,859 per m² in 10 years (range ¥26,124–¥37,594). Forecasts are projections, not guarantees.

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 ¥157.9 = $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.