Shimmachi, Setagaya Ward: property prices and land values

新町(世田谷区)

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

Avg. residential land price
¥849K/m²
≈ $502/sq ft · 2 sites
#17 of 58 neighborhoods
Avg. commercial land price
No data
1-year change
+6.7%
Residential +6.7% · commercial —
5 years / 10 years
+21.0% / +47.5%
Same sites, chained
Pre-owned condos per m²
¥1.42M/m²
70 m² ≈ ¥99.6M · 16 sales
Pre-owned houses (median)
¥110.0M
≈ $700K · 24 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
ResidentialResidential forecast
Avg. residential land priceNow1 year3 years5 years10 years
Forecast Forecast
+3.8% a year
¥849K/m²¥881K/m²¥949K/m²¥1.02M/m²¥1.23M/m²

Forecasts are projections, not guarantees. 10-year range: ¥1.01M/m²–¥1.45M/m²

Shimmachi, Setagaya Ward compared with larger areas

AreaAvg. residential≈ USD/sq ftShimmachi, Setagaya Ward is1 year5 yearsCondos per m²Index
Shimmachi, Setagaya Ward ¥849K/m²$502/sq ft +6.7%+21.0% ¥1.42M/m²—
Setagaya Ward ¥777K/m²$459/sq ft 1.1x+7.2%+24.6% ¥1.05M/m²97
Tokyo ¥547K/m²$323/sq ft 1.6x+8.1%+27.3% ¥1.00M/m²100
Japan ¥120K/m²$71/sq ft 7.1x+2.1%+8.0% ¥493K/m²—

Official land price survey sites highest first · 2 sites

LocationUsePrice per m²≈ USD/sq ft1 yearStation
東京都 世田谷区新町3丁目324番12
Land Price Publication 2026
Residential¥918K/m²$542/sq ft +6.4%桜新町
390 m
東京都 世田谷区新町1丁目66番8
Land Price Publication 2026
Residential¥780K/m²$461/sq ft +7.0%桜新町
1.1 km

Transaction prices MLIT Real Estate Information Library · last 2 years · 43 sales

Condos per m² (median)
¥1.42M/m²
Condo price (median)
¥80.0M
Land & building (median)
¥110.0M
Land per m² (median)
¥870K/m²

Sales in the loaded period: Pre-owned condo 30 · Land & building 27 · Land 10

DistrictPeriodTypePriceAreaBuiltPer m²
ShimmachiQ2 2026Pre-owned condo (contract) ¥90.0M55 m²2000¥1.64M/m²
ShimmachiQ2 2026Land ¥120.0M130 m²—¥870K/m²
ShimmachiQ1 2026Land & building (contract) ¥110.0M100 m²2022—
ShimmachiQ1 2026Pre-owned condo (contract) ¥85.0M60 m²2013¥1.42M/m²
ShimmachiQ1 2026Land & building (contract) ¥94.0M90 m²2009—
ShimmachiQ1 2026Land & building (contract) ¥140.0M115 m²2013—
ShimmachiQ1 2026Land & building (contract) ¥130.0M100 m²2019—
ShimmachiQ1 2026Pre-owned condo ¥50.0M35 m²1985¥1.43M/m²
ShimmachiQ1 2026Land & building ¥70.0M60 m²2026—
ShimmachiQ1 2026Land ¥130.0M110 m²—¥1.20M/m²
ShimmachiQ1 2026Land & building ¥520.0M500 m²1970—
ShimmachiQ1 2026Land & building ¥99.0M95 m²2021—
ShimmachiQ1 2026Land & building ¥150.0M100 m²2026—
ShimmachiQ1 2026Land & building ¥140.0M110 m²2013—
ShimmachiQ1 2026Land & building ¥640.0M290 m²2017—
ShimmachiQ1 2026Land & building ¥130.0M100 m²2019—
ShimmachiQ4 2025Pre-owned condo (contract) ¥120.0M75 m²2006¥1.60M/m²
ShimmachiQ4 2025Land & building (contract) ¥110.0M95 m²2025—
ShimmachiQ4 2025Pre-owned condo (contract) ¥75.0M60 m²2011¥1.25M/m²
ShimmachiQ4 2025Land & building (contract) ¥99.0M100 m²2021—

Nearby neighborhoods

FAQ

What is the average land price in Shimmachi, Setagaya Ward?

The average price of residential land in Shimmachi, Setagaya Ward is ¥849,000 per m² (about ¥2,806,611 per tsubo), based on 2 sites in the official land price surveys (2026).

Are land prices in Shimmachi, Setagaya Ward going up?

Land prices in Shimmachi, Setagaya Ward have risen by +6.7% on average over the past year. Over five years the change is +21.0%.

How much do pre-owned condos cost in Shimmachi, Setagaya Ward?

The median price of pre-owned condo transactions in the last two years is ¥1,422,618 per m², with a median price of ¥80.0 million (16 transactions, MLIT Real Estate Information Library).

What is the land price forecast for Shimmachi, Setagaya Ward?

The Fudosan Zukan model projects residential land prices to change by +3.8% a year, reaching about ¥1,231,158 per m² in 10 years (range ¥1,009,550–¥1,452,766). 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.