Nishimi, Iwakuni City: property prices and land values

錦見(岩国市)

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

Avg. residential land price
¥65K/m²
≈ $38/sq ft · 2 sites
#7 of 41 neighborhoods
Avg. commercial land price
¥79K/m²
≈ $46/sq ft · 1 sites
1-year change
+1.5%
Residential +2.2% · commercial +0.1%
5 years / 10 years
+7.2% / +7.1%
Same sites, chained
Pre-owned condos per m²
No data
Pre-owned houses (median)
¥16.0M
≈ $102K · 18 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

¥50K/m²¥60K/m²¥70K/m²¥80K/m²2006201020142018202220262036
ResidentialCommercialResidential forecast
Avg. residential land priceNow1 year3 years5 years10 years
Forecast Forecast
+1.1% a year
¥65K/m²¥66K/m²¥67K/m²¥69K/m²¥72K/m²

Forecasts are projections, not guarantees. 10-year range: ¥59K/m²–¥86K/m²

Nishimi, Iwakuni City compared with larger areas

AreaAvg. residential≈ USD/sq ftNishimi, Iwakuni City is1 year5 yearsCondos per m²Index
Nishimi, Iwakuni City ¥65K/m²$38/sq ft +1.5%+7.2% ——
Iwakuni City ¥39K/m²$23/sq ft 1.7x+0.3%+0.9% ¥229K/m²63
Yamaguchi ¥30K/m²$18/sq ft 2.1x+0.3%+0.3% ¥210K/m²35
Japan ¥120K/m²$71/sq ft 0.54x+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 岩国市錦見3丁目136番外
Land Price Publication 2026
Commercial¥79K/m²$46/sq ft +0.1%西岩国
420 m
山口県 岩国市錦見1丁目997番31
Land Price Publication 2026
Residential¥72K/m²$42/sq ft +2.3%西岩国
600 m
山口県 岩国市錦見3丁目10131番48
Land Price Publication 2026
Residential¥58K/m²$34/sq ft +2.1%西岩国
750 m

Transaction prices MLIT Real Estate Information Library · last 2 years · 26 sales

Condos per m² (median)
—
Condo price (median)
—
Land & building (median)
¥16.0M
Land per m² (median)
¥45K/m²

Sales in the loaded period: Land & building 29 · Land 19 · Farmland 1

DistrictPeriodTypePriceAreaBuiltPer m²
NishimiQ2 2026Land & building ¥31.0M120 m²2026—
NishimiQ2 2026Land & building ¥1.0M165 m²——
NishimiQ2 2026Land & building ¥10K210 m²——
NishimiQ1 2026Land & building (contract) ¥17.0M245 m²1985—
NishimiQ1 2026Farmland ¥10K135 m²——
NishimiQ1 2026Land ¥21.0M460 m²—¥45K/m²
NishimiQ1 2026Land & building ¥25.0M460 m²1968—
NishimiQ1 2026Land & building ¥400K85 m²1980—
NishimiQ1 2026Land ¥23.0M900 m²—¥25K/m²
NishimiQ4 2025Land ¥13.0M290 m²—¥44K/m²
NishimiQ4 2025Land ¥6.0M320 m²—¥19K/m²
NishimiQ4 2025Land & building ¥21.0M220 m²1965—
NishimiQ4 2025Land ¥8.6M155 m²—¥55K/m²
NishimiQ3 2025Land ¥14.0M195 m²—¥71K/m²
NishimiQ3 2025Land & building ¥30.0M170 m²2011—
NishimiQ3 2025Land & building ¥21.0M640 m²1988—
NishimiQ3 2025Land & building (contract) ¥7.0M130 m²1975—
NishimiQ2 2025Land & building (contract) ¥4.5M245 m²1985—
NishimiQ2 2025Land & building ¥500K180 m²1972—
NishimiQ2 2025Land ¥13.0M190 m²—¥69K/m²

Nearby neighborhoods

FAQ

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

The average price of residential land in Nishimi, Iwakuni City is ¥64,950 per m² (about ¥214,711 per tsubo), based on 2 sites in the official land price surveys (2026).

Are land prices in Nishimi, Iwakuni City going up?

Land prices in Nishimi, Iwakuni City have risen by +1.5% on average over the past year. Over five years the change is +7.2%.

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

The Fudosan Zukan model projects residential land prices to change by +1.1% a year, reaching about ¥72,459 per m² in 10 years (range ¥59,416–¥85,502). 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.