Matsuyama City Housing Market Report 2025
Data updated 2026-11-10 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2
Key figures for 2025
- Median used condo price
- ¥14.0M
- ¥214k/m²
- Median house price (land + building)
- ¥21.5M
- -4.5% vs 2024
- Residential land per m² (sales)
- ¥80k/m²
- +14.3% over 5 years
- Transactions in 2025
- 1,032
- #1 of 10 areas in Ehime by price per m²
What the data says
Prices are still rising, but more slowly
Growth has cooled to about 0.1% a year, down from 2.9% a year in the previous five years. This looks more like a maturing market than a turning point, and it gives buyers a bit more room to negotiate.
Moving with Ehime
Per m², condos here are 5% above the Ehime average. That position has barely changed in ten years, so it moves with the wider market.
Being near a station is worth a lot
Condos within a 5-minute walk of a station sell for about 98% more per m² than those 11–15 minutes away. If budget is tight, a longer walk is the quickest way to cut the price.
A family market
61% of recent condo sales have three or more bedrooms. Demand comes mainly from owner-occupier families, which tends to make prices steadier but rental yields lower.
Sales are thinning out
Transactions are down about 12% on the previous three years. Fewer sales mean less choice and slower resale, so allow more time to sell later.
What a typical purchase costs
Half of all condo sales last year were between ¥4.9M and ¥24.0M. Listings outside that range are either unusual properties or worth a closer look.
A shrinking population
The population fell 2.8% between 2020 and 2025 (−5.6% for the wider area). Moves in and out roughly balanced in 2025. Households still grew 0.6% as people live in smaller households, which supports demand for smaller homes even as the population shrinks.
Typical vacancy
15% of homes were empty in 2023 (19.8% for the wider area), and 6.7% were empty without being for rent, for sale or used as second homes. The level of abandoned homes is around the national norm.
Buying vs renting
A median used condo costs about 25.1 years of the area's median rent (¥46k a month), compared with 26.2 years for the wider area. That is a middle-of-the-road ratio for Japan. Rents here cover all rented homes, so treat this as a rough guide.
Moderate earthquake risk
The government's seismic model gives a 47% chance of shaking of intensity 6-lower or stronger in the next 30 years (55% for the wider area). Post-1981 buildings are designed for this level of shaking, but check ground conditions and insurance.
Official land prices are edging up
On the government's fixed benchmark sites, which are valued the same way every year, residential land prices changed +0% in the year to January 2026 and 0% over five years. Because these sites don't change, this is the cleanest measure of land value trends.
Some flood or landslide exposure
Of the official land-price benchmark sites here, which sit in typical neighbourhoods, 78% are inside the worst-case flood zone, 8% are in a tsunami inundation zone. Most worst-case flood zones are shallow (under 0.5 m) at the edges, so depth matters as much as the share. Check the hazard map for any specific address before buying.
Government-backed redevelopment
This area includes national Urgent Urban Renewal Areas: Matsuyama Castle area. These allow larger, denser buildings and give big projects financial support, so expect new offices, shops and housing to keep reshaping the area.
Living in Matsuyama City: people, homes and risks
- Population 2025
- 497,041
- -2.8% since 2020
- Ehime: -5.6%
- Net moves in 2025
- -671
- -1.35 per 1,000 residents
- Ehime: -4.52
- Vacant homes (2023)
- 15.0%
- 6.7% empty and not for rent or sale
- Ehime: 19.8%
- Median rent (2023)
- ¥46k
- per month, all rented homes
- Ehime: ¥45k
- Strong earthquake risk
- 47.1%
- chance of shaking of intensity 6-lower or more within 30 years
- Ehime: 55.1%
- Official land price 2026
- ¥89k/m²
- +0.2% in a year · 0.0% in 5 years
- Ehime: ¥41k/m²
- Flood exposure
- 78.2%
- of 78 benchmark sites in a worst-case flood zone (1.3% 3 m or deeper)
- Ehime: 58.8%
- Tsunami exposure
- 7.7%
- of 78 benchmark sites in a tsunami inundation zone
- Ehime: 24.6%
- Landslide exposure
- 2.6%
- of 78 benchmark sites in a landslide warning area
- Ehime: 4.6%
Urban renewal zones
Areas designated by the national government for priority redevelopment, with relaxed planning rules and financial support for large projects.
- Matsuyama Castle area · 135 ha · designated 2024
Check flood, landslide and tsunami zones for a specific address on the government hazard map ↗
Sources: 2025 Census (preliminary), 2025 Internal Migration Report, 2023 Housing and Land Survey (Statistics Bureau of Japan); J-SHIS seismic hazard model (NIED, 2024); Land Price Publication (MLIT). Earthquake probability is measured at the municipal center.
Example sales in Matsuyama City
Real transactions from the last four quarters, picked near the lower (20th percentile), middle and upper (80th percentile) price points. Locations are shown at district level, as published by MLIT.
Condo
¥4.2M
¥56k/m²
- Doidamachi
- Doida · 5 min walk
- 3LDK · 75 m²
- Built 1988 (37 yrs) · RC
¥14.0M
¥187k/m²
- Higashinagato
- Hommachi 6 · 28 min walk
- 3LDK · 75 m²
- Built 1991 (35 yrs)
¥25.0M
¥200k/m²
- Iwaidani
- Kamiichiman · 21 min walk
- 3LDK · 125 m²
- Built 1990 (36 yrs) · RC
House
¥9.0M
¥82k/m²
- Hataderamachi
- Dogo Onsen
- Land 200 m² · floor 110 m²
- Built 1982 (44 yrs) · Wood
¥22.0M
¥183k/m²
- Kitakumemachi
- Kita Kume · 19 min walk
- Land 150 m² · floor 120 m²
- Built 1990 (36 yrs) · Wood
¥42.0M
¥124k/m²
- Midorimachi
- Red Cross Hospital · 4 min walk
- Land 100 m² · floor 340 m²
- Built 1991 (35 yrs) · RC
Show data table
| Year | Condo | House |
|---|---|---|
| 2007 | ¥10.0M | ¥24.0M |
| 2008 | ¥14.0M | ¥22.0M |
| 2009 | ¥13.0M | ¥22.0M |
| 2010 | ¥13.0M | ¥24.0M |
| 2011 | ¥11.0M | ¥23.0M |
| 2012 | ¥12.0M | ¥21.0M |
| 2013 | ¥13.0M | ¥21.0M |
| 2014 | ¥12.0M | ¥21.0M |
| 2015 | ¥14.0M | ¥23.0M |
| 2016 | ¥13.0M | ¥21.5M |
| 2017 | ¥14.0M | ¥22.0M |
| 2018 | ¥13.0M | ¥22.0M |
| 2019 | ¥13.0M | ¥22.0M |
| 2020 | ¥17.0M | ¥22.0M |
| 2021 | ¥15.0M | ¥22.0M |
| 2022 | ¥14.0M | ¥22.0M |
| 2023 | ¥15.5M | ¥21.0M |
| 2024 | ¥15.0M | ¥20.0M |
| 2025 | ¥14.0M | ¥21.5M |
| 2026 (partial) | ¥16.0M | ¥22.0M |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2007 | ¥176k/m² | ¥200k/m² | ¥96k/m² |
| 2008 | ¥200k/m² | ¥170k/m² | ¥90k/m² |
| 2009 | ¥186k/m² | ¥174k/m² | ¥90k/m² |
| 2010 | ¥193k/m² | ¥177k/m² | ¥82k/m² |
| 2011 | ¥180k/m² | ¥163k/m² | ¥78k/m² |
| 2012 | ¥171k/m² | ¥157k/m² | ¥82k/m² |
| 2013 | ¥187k/m² | ¥161k/m² | ¥76k/m² |
| 2014 | ¥192k/m² | ¥160k/m² | ¥74k/m² |
| 2015 | ¥186k/m² | ¥157k/m² | ¥70k/m² |
| 2016 | ¥193k/m² | ¥150k/m² | ¥75k/m² |
| 2017 | ¥186k/m² | ¥173k/m² | ¥70k/m² |
| 2018 | ¥190k/m² | ¥172k/m² | ¥67k/m² |
| 2019 | ¥194k/m² | ¥176k/m² | ¥73k/m² |
| 2020 | ¥243k/m² | ¥163k/m² | ¥70k/m² |
| 2021 | ¥218k/m² | ¥160k/m² | ¥75k/m² |
| 2022 | ¥215k/m² | ¥162k/m² | ¥76k/m² |
| 2023 | ¥240k/m² | ¥165k/m² | ¥82k/m² |
| 2024 | ¥220k/m² | ¥160k/m² | ¥78k/m² |
| 2025 | ¥214k/m² | ¥153k/m² | ¥80k/m² |
| 2026 (partial) | ¥243k/m² | ¥147k/m² | ¥82k/m² |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | – | ¥305k/m² |
| 1 | – | ¥300k/m² |
| 2 | – | ¥293k/m² |
| 3 | – | ¥267k/m² |
| 5 | – | ¥254k/m² |
| 6 | ¥390k/m² | ¥259k/m² |
| 7 | – | ¥232k/m² |
| 10 | – | ¥239k/m² |
| 11 | – | ¥233k/m² |
| 12 | ¥306k/m² | ¥227k/m² |
| 13 | ¥300k/m² | ¥186k/m² |
| 14 | ¥300k/m² | ¥179k/m² |
| 15 | ¥317k/m² | ¥167k/m² |
| 16 | ¥267k/m² | ¥204k/m² |
| 17 | ¥337k/m² | ¥163k/m² |
| 18 | ¥262k/m² | ¥161k/m² |
| 19 | ¥229k/m² | ¥183k/m² |
| 20 | ¥270k/m² | ¥166k/m² |
| 21 | ¥253k/m² | ¥146k/m² |
| 22 | – | ¥138k/m² |
| 23 | – | ¥156k/m² |
| 24 | ¥246k/m² | ¥147k/m² |
| 25 | ¥246k/m² | ¥144k/m² |
| 26 | – | ¥134k/m² |
| 27 | ¥183k/m² | ¥146k/m² |
| 28 | ¥207k/m² | ¥119k/m² |
| 29 | ¥186k/m² | ¥140k/m² |
| 30 | ¥141k/m² | ¥150k/m² |
| 31 | ¥138k/m² | ¥112k/m² |
| 32 | ¥120k/m² | ¥111k/m² |
| 33 | ¥139k/m² | ¥106k/m² |
| 34 | ¥131k/m² | ¥116k/m² |
| 35 | ¥127k/m² | ¥115k/m² |
| 36 | ¥107k/m² | ¥109k/m² |
| 37 | ¥100k/m² | ¥95k/m² |
| 38 | – | ¥123k/m² |
| 39 | – | ¥93k/m² |
| 40 | ¥135k/m² | ¥88k/m² |
| 41 | ¥85k/m² | ¥111k/m² |
| 42 | – | ¥113k/m² |
| 43 | – | ¥107k/m² |
| 44 | – | ¥89k/m² |
| 45 | – | ¥90k/m² |
| 46 | – | ¥86k/m² |
| 47 | – | ¥57k/m² |
| 48 | – | ¥71k/m² |
| 49 | – | ¥95k/m² |
| 50 | – | ¥86k/m² |
Each line follows buildings from one construction period over time. 1981 is when Japan's current earthquake-resistance standard (shin-taishin) took effect.
Show data table
| Year | 1981-2000 | 2001-2010 |
|---|---|---|
| 2007 | ¥175k/m² | – |
| 2008 | ¥185k/m² | ¥286k/m² |
| 2009 | ¥164k/m² | ¥306k/m² |
| 2010 | ¥158k/m² | ¥307k/m² |
| 2011 | ¥143k/m² | ¥288k/m² |
| 2012 | ¥147k/m² | ¥267k/m² |
| 2013 | ¥156k/m² | ¥262k/m² |
| 2014 | ¥150k/m² | ¥250k/m² |
| 2015 | ¥147k/m² | ¥257k/m² |
| 2016 | ¥160k/m² | ¥283k/m² |
| 2017 | ¥147k/m² | ¥313k/m² |
| 2018 | ¥156k/m² | ¥267k/m² |
| 2019 | ¥150k/m² | ¥259k/m² |
| 2020 | ¥184k/m² | ¥282k/m² |
| 2021 | ¥157k/m² | ¥282k/m² |
| 2022 | ¥147k/m² | ¥273k/m² |
| 2023 | ¥157k/m² | ¥300k/m² |
| 2024 | ¥158k/m² | ¥285k/m² |
| 2025 | ¥136k/m² | ¥305k/m² |
| 2026 (partial) | ¥164k/m² | – |
Each line follows buildings from one construction period over time. 1981 is when Japan's current earthquake-resistance standard (shin-taishin) took effect.
Show data table
| Year | 1971-1980 | 1981-2000 | 2001-2010 | 2011-2020 |
|---|---|---|---|---|
| 2007 | ¥157k/m² | ¥168k/m² | ¥260k/m² | – |
| 2008 | ¥120k/m² | ¥149k/m² | ¥258k/m² | – |
| 2009 | ¥135k/m² | ¥146k/m² | ¥268k/m² | – |
| 2010 | ¥133k/m² | ¥135k/m² | ¥255k/m² | ¥259k/m² |
| 2011 | ¥114k/m² | ¥137k/m² | ¥221k/m² | ¥260k/m² |
| 2012 | ¥113k/m² | ¥124k/m² | ¥214k/m² | ¥259k/m² |
| 2013 | ¥113k/m² | ¥130k/m² | ¥175k/m² | ¥255k/m² |
| 2014 | ¥100k/m² | ¥133k/m² | ¥192k/m² | ¥256k/m² |
| 2015 | ¥102k/m² | ¥138k/m² | ¥192k/m² | ¥257k/m² |
| 2016 | ¥110k/m² | ¥129k/m² | ¥179k/m² | ¥263k/m² |
| 2017 | ¥97k/m² | ¥130k/m² | ¥192k/m² | ¥270k/m² |
| 2018 | ¥99k/m² | ¥129k/m² | ¥191k/m² | ¥283k/m² |
| 2019 | ¥73k/m² | ¥121k/m² | ¥185k/m² | ¥280k/m² |
| 2020 | ¥92k/m² | ¥125k/m² | ¥181k/m² | ¥276k/m² |
| 2021 | ¥93k/m² | ¥123k/m² | ¥163k/m² | ¥287k/m² |
| 2022 | ¥88k/m² | ¥129k/m² | ¥158k/m² | ¥231k/m² |
| 2023 | ¥94k/m² | ¥133k/m² | ¥165k/m² | ¥240k/m² |
| 2024 | ¥86k/m² | ¥113k/m² | ¥150k/m² | – |
| 2025 | ¥86k/m² | ¥100k/m² | ¥174k/m² | ¥240k/m² |
| 2026 (partial) | ¥76k/m² | ¥120k/m² | – | – |
Prices near train stations in Matsuyama City
Sales from 2023–2025, grouped by nearest station.
| Station | Median used condo price | Condo price per m² | Median house price (land + building) | Walk (min) | Sales |
|---|---|---|---|---|---|
| Iyo Tachibana (いよ立花) | ¥14.0M | ¥175k/m² | ¥22.0M | 8 | 106 |
| Yogo(Ehime) (余戸) | – | – | ¥23.0M | 12 | 102 |
| Doida (土居田) | ¥10.3M | ¥148k/m² | ¥28.0M | 10 | 97 |
| Hommachi 6 (本町６丁目) | ¥8.3M | ¥141k/m² | ¥20.0M | 12 | 81 |
| Katsuyamacho (勝山町) | ¥31.5M | ¥424k/m² | ¥24.0M | 8 | 71 |
| Kinuyama (衣山) | ¥3.7M | ¥127k/m² | ¥23.0M | 11 | 66 |
| Dogo Park (道後公園) | ¥19.0M | ¥273k/m² | ¥29.0M | 11 | 65 |
| Fukuonji (福音寺) | – | – | ¥24.0M | 14 | 63 |
| Yamanishi (山西) | – | – | ¥24.0M | 13 | 58 |
| Kita Kume (北久米) | ¥5.8M | ¥100k/m² | ¥23.0M | 18 | 57 |
| Dogo Onsen (道後温泉) | ¥8.7M | ¥158k/m² | ¥16.5M | 13 | 57 |
| Ichitsubo (市坪) | – | – | ¥25.0M | 15 | 56 |
| Iyo Wake (伊予和気) | – | – | ¥22.0M | 20 | 53 |
| Mitsu (三津) | ¥7.8M | ¥130k/m² | ¥8.5M | 8 | 53 |
| Dobashi(Ehime) (土橋(愛媛)) | ¥20.0M | ¥286k/m² | ¥33.0M | 9 | 40 |
Used condo prices by layout in Matsuyama City
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 3LDK | ¥19.0M | 70 m² | 166 |
| 2LDK | ¥19.5M | 65 m² | 48 |
| 4LDK | ¥16.0M | 85 m² | 45 |
| 1K | ¥2.0M | 20 m² | 39 |
| 1LDK | ¥14.5M | 45 m² | 14 |
| 1DK | ¥3.2M | 30 m² | 13 |
How much does an apartment cost in Matsuyama City?
The median used condo (mansion) in Matsuyama City sold for ¥14.0M in 2025, about ¥214k/m², based on 139 recorded sales.
How much does a house cost in Matsuyama City?
The median house sale, including the land, was ¥21.5M in 2025 across 406 sales.
Are property prices in Matsuyama City going up?
Over the five years to 2025, condo prices per m² changed -11.8% and residential land prices changed +14.3%.
About this data
Figures are medians of real transactions reported to Japan's Ministry of Land, Infrastructure, Transport and Tourism (MLIT) through its quarterly price survey. House prices per m² divide the total price (land and building) by the floor area. Medians based on fewer than 20 sales are not shown. The latest quarters are preliminary and are revised as more survey responses arrive.
Information only, not investment advice.