Muronokimachi, Iwakuni City: property prices and land values

室の木町(岩国市)

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

Avg. residential land price
¥57K/m²
≈ $33/sq ft · 2 sites
#11 of 41 neighborhoods
Avg. commercial land price
¥90K/m²
≈ $53/sq ft · 1 sites
1-year change
+1.7%
Residential +1.6% · commercial +1.9%
5 years / 10 years
+7.5% / +11.8%
Same sites, chained
Pre-owned condos per m²
No data
Pre-owned houses (median)
¥12.2M
≈ $78K · 8 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

¥40K/m²¥60K/m²¥80K/m²¥100K/m²2006201020142018202220262036
ResidentialCommercialResidential forecast
Avg. residential land priceNow1 year3 years5 years10 years
Forecast Forecast
+1.2% a year
¥57K/m²¥58K/m²¥59K/m²¥60K/m²¥64K/m²

Forecasts are projections, not guarantees. 10-year range: ¥53K/m²–¥76K/m²

Muronokimachi, Iwakuni City compared with larger areas

AreaAvg. residential≈ USD/sq ftMuronokimachi, Iwakuni City is1 year5 yearsCondos per m²Index
Muronokimachi, Iwakuni City ¥57K/m²$33/sq ft +1.7%+7.5% ——
Iwakuni City ¥39K/m²$23/sq ft 1.5x+0.3%+0.9% ¥229K/m²63
Yamaguchi ¥30K/m²$18/sq ft 1.9x+0.3%+0.3% ¥210K/m²35
Japan ¥120K/m²$70/sq ft 0.48x+2.1%+8.0% ¥493K/m²—

Official land price survey sites highest first · 3 sites

LocationUsePrice per m²≈ USD/sq ft1 yearStation
山口県 岩国市室の木町1丁目503番1外
Land Price Publication 2026
Commercial¥90K/m²$53/sq ft +1.9%岩国
1.4 km
山口県 岩国市室の木町2丁目10379番12
Prefectural Survey 2026
Residential¥65K/m²$38/sq ft +2.5%中規模一般住宅が多く見られる住宅地域
山口県 岩国市室の木町4丁目10番35
Land Price Publication 2026
Residential¥49K/m²$29/sq ft +0.8%西岩国
1.3 km

Transaction prices MLIT Real Estate Information Library · last 2 years · 10 sales

Condos per m² (median)
—
Condo price (median)
—
Land & building (median)
¥12.2M
Land per m² (median)
—

Sales in the loaded period: Land & building 12 · Land 4

DistrictPeriodTypePriceAreaBuiltPer m²
MuronokimachiQ2 2026Land & building ¥39.0M155 m²2025—
MuronokimachiQ1 2026Land & building ¥19.0M430 m²——
MuronokimachiQ4 2025Land & building (contract) ¥3.8M120 m²1976—
MuronokimachiQ4 2025Land & building ¥3.8M120 m²1976—
MuronokimachiQ4 2025Land ¥16.0M320 m²—¥49K/m²
MuronokimachiQ3 2025Land & building (contract) ¥5.5M295 m²1974—
MuronokimachiQ3 2025Land & building ¥27.0M150 m²2025—
MuronokimachiQ3 2025Land & building ¥2.8M190 m²1968—
MuronokimachiQ2 2025Land ¥5.0M175 m²—¥28K/m²
MuronokimachiQ1 2025Land & building ¥37.0M155 m²2021—
MuronokimachiQ4 2024Land ¥1.4M130 m²—¥11K/m²
MuronokimachiQ4 2024Land & building ¥26.0M175 m²1986—
MuronokimachiQ3 2024Land & building ¥46.0M290 m²2024—
MuronokimachiQ1 2024Land & building ¥25.0M150 m²2023—
MuronokimachiQ4 2023Land & building ¥250K160 m²1970—
MuronokimachiQ4 2023Land ¥10.0M210 m²—¥48K/m²

Nearby neighborhoods

FAQ

What is the average land price in Muronokimachi, Iwakuni City?

The average price of residential land in Muronokimachi, Iwakuni City is ¥56,850 per m² (about ¥187,934 per tsubo), based on 2 sites in the official land price surveys (2026).

Are land prices in Muronokimachi, Iwakuni City going up?

Land prices in Muronokimachi, Iwakuni City have risen by +1.7% on average over the past year. Over five years the change is +7.5%.

What is the land price forecast for Muronokimachi, Iwakuni City?

The Fudosan Zukan model projects residential land prices to change by +1.2% a year, reaching about ¥64,382 per m² in 10 years (range ¥52,793–¥75,971). 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.