Machiya, Arakawa Ward: property prices and land values

町屋(荒川区)

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

Avg. residential land price
¥600K/m²
≈ $355/sq ft · 2 sites
#6 of 7 neighborhoods
Avg. commercial land price
¥998K/m²
≈ $589/sq ft · 2 sites
1-year change
+12.8%
Residential +10.1% · commercial +15.4%
5 years / 10 years
+43.2% / +85.5%
Same sites, chained
Pre-owned condos per m²
¥723K/m²
70 m² ≈ ¥50.6M · 102 sales
Pre-owned houses (median)
¥62.0M
≈ $394K · 49 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

¥250K/m²¥500K/m²¥750K/m²¥1.00M/m²¥1.25M/m²2006201020142018202220262036
ResidentialCommercialResidential forecast
Avg. residential land priceNow1 year3 years5 years10 years
Forecast Forecast
+6.0% a year
¥600K/m²¥637K/m²¥715K/m²¥804K/m²¥1.08M/m²

Forecasts are projections, not guarantees. 10-year range: ¥882K/m²–¥1.27M/m²

Machiya, Arakawa Ward compared with larger areas

AreaAvg. residential≈ USD/sq ftMachiya, Arakawa Ward is1 year5 yearsCondos per m²Index
Machiya, Arakawa Ward ¥600K/m²$355/sq ft +12.8%+43.2% ¥723K/m²—
Arakawa Ward ¥745K/m²$440/sq ft 0.81x+13.9%+47.4% ¥889K/m²98
Tokyo ¥547K/m²$323/sq ft 1.1x+8.1%+27.3% ¥1.00M/m²100
Japan ¥120K/m²$71/sq ft 5.0x+2.1%+8.0% ¥493K/m²—

Official land price survey sites highest first · 4 sites

LocationUsePrice per m²≈ USD/sq ft1 yearStation
東京都 荒川区町屋3丁目1010番5
Land Price Publication 2026
Commercial¥1.23M/m²$727/sq ft +17.1%町屋
500 m
東京都 荒川区町屋三丁目1233番5
Prefectural Survey 2026
Commercial¥765K/m²$452/sq ft +13.7%店舗、事務所、共同住宅が混在する近隣商業地域
東京都 荒川区町屋一丁目912番13
Prefectural Survey 2026
Residential¥683K/m²$404/sq ft +10.5%一般住宅、アパート、作業所等が混在する地域
東京都 荒川区町屋4丁目1355番28
Land Price Publication 2026
Residential¥518K/m²$306/sq ft +9.7%町屋
900 m

Transaction prices MLIT Real Estate Information Library · last 2 years · 188 sales

Condos per m² (median)
¥723K/m²
Condo price (median)
¥47.5M
Land & building (median)
¥62.0M
Land per m² (median)
¥610K/m²

Sales in the loaded period: Pre-owned condo 182 · Land & building 72 · Land 72

DistrictPeriodTypePriceAreaBuiltPer m²
MachiyaQ2 2026Land & building (contract) ¥97.0M65 m²2026—
MachiyaQ2 2026Land & building (contract) ¥13.0M40 m²1982—
MachiyaQ2 2026Land & building (contract) ¥89.0M70 m²2026—
MachiyaQ2 2026Pre-owned condo (contract) ¥100.0M70 m²2015¥1.43M/m²
MachiyaQ2 2026Pre-owned condo (contract) ¥38.0M70 m²1997¥543K/m²
MachiyaQ2 2026Pre-owned condo (contract) ¥57.0M90 m²1992¥633K/m²
MachiyaQ2 2026Pre-owned condo (contract) ¥89.0M65 m²2019¥1.37M/m²
MachiyaQ2 2026Land & building (contract) ¥60.0M45 m²2020—
MachiyaQ2 2026Land & building (contract) ¥46.0M45 m²2015—
MachiyaQ2 2026Pre-owned condo (contract) ¥33.0M65 m²1979¥508K/m²
MachiyaQ2 2026Land & building (contract) ¥66.0M55 m²2026—
MachiyaQ2 2026Pre-owned condo (contract) ¥55.0M70 m²1998¥786K/m²
MachiyaQ2 2026Pre-owned condo (contract) ¥50.0M65 m²1995¥769K/m²
MachiyaQ2 2026Land & building (contract) ¥58.0M50 m²2022—
MachiyaQ2 2026Pre-owned condo (contract) ¥18.0M80 m²1968¥225K/m²
MachiyaQ2 2026Pre-owned condo (contract) ¥53.0M80 m²1986¥662K/m²
MachiyaQ2 2026Pre-owned condo (contract) ¥47.0M80 m²1999¥588K/m²
MachiyaQ2 2026Land ¥50.0M70 m²—¥710K/m²
MachiyaQ2 2026Pre-owned condo ¥57.0M70 m²2011¥814K/m²
MachiyaQ2 2026Pre-owned condo ¥50.0M65 m²2001¥769K/m²

Nearby neighborhoods

FAQ

What is the average land price in Machiya, Arakawa Ward?

The average price of residential land in Machiya, Arakawa Ward is ¥600,500 per m² (about ¥1,985,124 per tsubo), based on 2 sites in the official land price surveys (2026).

Are land prices in Machiya, Arakawa Ward going up?

Land prices in Machiya, Arakawa Ward have risen by +12.8% on average over the past year. Over five years the change is +43.2%.

How much do pre-owned condos cost in Machiya, Arakawa Ward?

The median price of pre-owned condo transactions in the last two years is ¥722,916 per m², with a median price of ¥47.5 million (102 transactions, MLIT Real Estate Information Library).

What is the land price forecast for Machiya, Arakawa Ward?

The Fudosan Zukan model projects residential land prices to change by +6.0% a year, reaching about ¥1,075,404 per m² in 10 years (range ¥881,831–¥1,268,977). 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 ¥157.25 = $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.