Hakodate 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
- ¥9.4M
- ¥138k/m²
- Median house price (land + building)
- ¥12.0M
- -13.3% vs 2024
- Residential land per m² (sales)
- ¥36k/m²
- +5.9% over 5 years
- Transactions in 2025
- 519
- #13 of 48 areas in Hokkaido by price per m²
What the data says
Price growth is speeding up
Condo values per m² have risen about 3.9% a year over the past five years, faster than the 0.1% a year of the five years before. Buyers waiting for a dip have so far been paying more each year, and that has not yet changed.
Lagging Hokkaido
Per m², condos here are 42% below the Hokkaido average. Ten years ago the gap was 29%, so Hakodate City has been falling behind the rest of Hokkaido.
Being near a station is worth a lot
Condos within a 5-minute walk of a station sell for about 40% more per m² than those 16–29 minutes away. If budget is tight, a longer walk is the quickest way to cut the price.
A family market
55% 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.
What a typical purchase costs
Half of all condo sales last year were between ¥6.0M and ¥13.0M. Listings outside that range are either unusual properties or worth a closer look.
A shrinking population
The population fell 8.2% between 2020 and 2025 (−4.6% for the wider area). Moves in and out roughly balanced in 2025.
Typical vacancy
19.3% of homes were empty in 2023 (15.6% for the wider area), and 6.9% 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 17.7 years of the area's median rent (¥44k a month), compared with 30.7 years for the wider area. Prices are low relative to rents, which points to higher rental yields, but often also to weaker growth prospects. Rents here cover all rented homes, so treat this as a rough guide.
Lower earthquake risk
The government's seismic model gives a 5% chance of shaking of intensity 6-lower or stronger in the next 30 years (11% for the wider area). This is low by Japanese standards, although no part of Japan is free of earthquake risk.
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 -1% over five years. They are still 47% below their 1991 bubble-era level. Because these sites don't change, this is the cleanest measure of land value trends.
Significant flood risk
Of the official land-price benchmark sites here, which sit in typical neighbourhoods, 9% are inside the worst-case flood zone, 33% 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.
Living in Hakodate City: people, homes and risks
- Population 2025
- 230,498
- -8.2% since 2020
- Hokkaido: -4.6%
- Net moves in 2025
- -402
- -1.74 per 1,000 residents
- Hokkaido: -1.04
- Vacant homes (2023)
- 19.3%
- 6.9% empty and not for rent or sale
- Hokkaido: 15.6%
- Median rent (2023)
- ¥44k
- per month, all rented homes
- Hokkaido: ¥46k
- Strong earthquake risk
- 4.8%
- chance of shaking of intensity 6-lower or more within 30 years
- Hokkaido: 10.5%
- Official land price 2026
- ¥41k/m²
- +0.1% in a year · -1.1% in 5 years
- Hokkaido: ¥30k/m²
- Flood exposure
- 9.3%
- of 54 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
- Hokkaido: 51.8%
- Tsunami exposure
- 33.3%
- of 54 benchmark sites in a tsunami inundation zone
- Hokkaido: 13.2%
- Landslide exposure
- 0.0%
- of 54 benchmark sites in a landslide warning area
- Hokkaido: 0.6%
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 Hakodate 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
¥4.0M
¥57k/m²
- Yunokawacho
- Hakodate
- 2LDK · 70 m²
- Built 1994 (31 yrs) · SRC
¥11.0M
¥183k/m²
- Yunokawacho
- Yunokawa · 11 min walk
- 2LDK · 60 m²
- Built 1992 (34 yrs) · SRC
¥20.0M
¥267k/m²
- Honcho
- Chuo Byoin Mae · 2 min walk
- 2LDK · 75 m²
- Built 1991 (35 yrs) · RC
House
¥4.5M
¥38k/m²
- Yamanote
- Goryokaku
- Land 220 m² · floor 120 m²
- Built 1975 (50 yrs) · Wood
¥12.0M
¥96k/m²
- Tokitocho
- Hakodate
- Land 195 m² · floor 125 m²
- Built 1986 (40 yrs) · Wood
¥25.0M
¥250k/m²
- Showa
- Goryokaku · 24 min walk
- Land 155 m² · floor 100 m²
- Built 2025 (1 yrs) · Wood
Show data table
| Year | Condo | House |
|---|---|---|
| 2007 | ¥8.0M | ¥19.0M |
| 2008 | ¥7.8M | ¥16.0M |
| 2009 | ¥7.8M | ¥14.0M |
| 2010 | ¥7.5M | ¥13.0M |
| 2011 | ¥6.3M | ¥12.0M |
| 2012 | ¥6.8M | ¥12.0M |
| 2013 | ¥7.9M | ¥12.0M |
| 2014 | ¥7.9M | ¥14.0M |
| 2015 | ¥8.2M | ¥13.0M |
| 2016 | ¥8.5M | ¥13.0M |
| 2017 | ¥7.8M | ¥14.0M |
| 2018 | ¥6.3M | ¥14.0M |
| 2019 | ¥7.7M | ¥13.0M |
| 2020 | ¥9.0M | ¥13.0M |
| 2021 | ¥8.0M | ¥13.0M |
| 2022 | ¥7.8M | ¥14.5M |
| 2023 | ¥7.8M | ¥13.0M |
| 2024 | ¥10.5M | ¥14.0M |
| 2025 | ¥9.4M | ¥12.0M |
| 2026 (partial) | ¥10.0M | ¥11.5M |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2007 | ¥131k/m² | ¥116k/m² | ¥42k/m² |
| 2008 | ¥128k/m² | ¥113k/m² | ¥39k/m² |
| 2009 | ¥121k/m² | ¥99k/m² | ¥35k/m² |
| 2010 | ¥110k/m² | ¥89k/m² | ¥38k/m² |
| 2011 | ¥93k/m² | ¥89k/m² | ¥34k/m² |
| 2012 | ¥110k/m² | ¥83k/m² | ¥33k/m² |
| 2013 | ¥120k/m² | ¥86k/m² | ¥33k/m² |
| 2014 | ¥122k/m² | ¥81k/m² | ¥33k/m² |
| 2015 | ¥116k/m² | ¥82k/m² | ¥30k/m² |
| 2016 | ¥123k/m² | ¥82k/m² | ¥33k/m² |
| 2017 | ¥111k/m² | ¥90k/m² | ¥34k/m² |
| 2018 | ¥115k/m² | ¥89k/m² | ¥34k/m² |
| 2019 | ¥118k/m² | ¥88k/m² | ¥35k/m² |
| 2020 | ¥119k/m² | ¥82k/m² | ¥34k/m² |
| 2021 | ¥133k/m² | ¥85k/m² | ¥34k/m² |
| 2022 | ¥119k/m² | ¥97k/m² | ¥38k/m² |
| 2023 | ¥149k/m² | ¥96k/m² | ¥35k/m² |
| 2024 | ¥148k/m² | ¥86k/m² | ¥37k/m² |
| 2025 | ¥138k/m² | ¥75k/m² | ¥36k/m² |
| 2026 (partial) | ¥136k/m² | ¥73k/m² | ¥35k/m² |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | – | ¥261k/m² |
| 1 | – | ¥263k/m² |
| 4 | – | ¥236k/m² |
| 5 | – | ¥191k/m² |
| 7 | – | ¥191k/m² |
| 9 | – | ¥191k/m² |
| 12 | – | ¥150k/m² |
| 14 | – | ¥128k/m² |
| 15 | – | ¥130k/m² |
| 16 | – | ¥130k/m² |
| 17 | – | ¥129k/m² |
| 18 | – | ¥108k/m² |
| 19 | – | ¥105k/m² |
| 20 | – | ¥100k/m² |
| 21 | – | ¥111k/m² |
| 22 | – | ¥98k/m² |
| 23 | – | ¥102k/m² |
| 24 | – | ¥101k/m² |
| 25 | – | ¥80k/m² |
| 26 | – | ¥94k/m² |
| 27 | – | ¥87k/m² |
| 28 | – | ¥79k/m² |
| 29 | – | ¥72k/m² |
| 30 | ¥146k/m² | ¥71k/m² |
| 31 | ¥133k/m² | ¥86k/m² |
| 32 | ¥123k/m² | ¥75k/m² |
| 33 | ¥120k/m² | ¥54k/m² |
| 34 | ¥123k/m² | ¥79k/m² |
| 35 | ¥118k/m² | ¥77k/m² |
| 36 | – | ¥67k/m² |
| 37 | ¥111k/m² | ¥55k/m² |
| 38 | – | ¥60k/m² |
| 39 | – | ¥64k/m² |
| 40 | – | ¥56k/m² |
| 41 | – | ¥66k/m² |
| 42 | – | ¥54k/m² |
| 43 | – | ¥47k/m² |
| 44 | – | ¥65k/m² |
| 45 | – | ¥48k/m² |
| 46 | – | ¥51k/m² |
| 47 | – | ¥52k/m² |
| 48 | – | ¥30k/m² |
| 49 | – | ¥40k/m² |
| 50 | – | ¥57k/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 | ¥73k/m² | ¥97k/m² | ¥231k/m² | – |
| 2008 | ¥74k/m² | ¥92k/m² | ¥227k/m² | – |
| 2009 | ¥67k/m² | ¥87k/m² | ¥218k/m² | – |
| 2010 | ¥72k/m² | ¥82k/m² | ¥204k/m² | – |
| 2011 | ¥65k/m² | ¥76k/m² | ¥149k/m² | ¥217k/m² |
| 2012 | ¥57k/m² | ¥74k/m² | – | ¥212k/m² |
| 2013 | ¥63k/m² | ¥78k/m² | ¥151k/m² | ¥218k/m² |
| 2014 | ¥48k/m² | ¥73k/m² | ¥137k/m² | ¥243k/m² |
| 2015 | ¥56k/m² | ¥70k/m² | ¥132k/m² | ¥217k/m² |
| 2016 | ¥52k/m² | ¥72k/m² | ¥137k/m² | ¥226k/m² |
| 2017 | ¥44k/m² | ¥86k/m² | – | ¥219k/m² |
| 2018 | ¥54k/m² | ¥83k/m² | ¥142k/m² | ¥215k/m² |
| 2019 | ¥47k/m² | ¥82k/m² | ¥119k/m² | ¥225k/m² |
| 2020 | ¥46k/m² | ¥65k/m² | ¥108k/m² | ¥227k/m² |
| 2021 | ¥52k/m² | ¥71k/m² | ¥104k/m² | ¥229k/m² |
| 2022 | ¥65k/m² | ¥76k/m² | ¥121k/m² | – |
| 2023 | ¥45k/m² | ¥77k/m² | ¥126k/m² | – |
| 2024 | ¥52k/m² | ¥71k/m² | ¥115k/m² | ¥167k/m² |
| 2025 | ¥47k/m² | ¥67k/m² | ¥106k/m² | – |
| 2026 (partial) | ¥49k/m² | ¥67k/m² | – | – |
Prices near train stations in Hakodate 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 |
|---|---|---|---|---|---|
| Goryokaku (五稜郭) | ¥9.4M | ¥140k/m² | ¥13.0M | 20 | 472 |
| Hakodate (函館) | ¥8.6M | ¥129k/m² | ¥7.8M | 20 | 125 |
| Kikyo (桔梗) | – | – | ¥26.0M | 14 | 90 |
| Yunokawa (湯の川) | ¥9.5M | ¥143k/m² | ¥9.4M | 7 | 42 |
| Goryokaku Koen Mae (五稜郭公園前) | ¥18.0M | ¥214k/m² | ¥19.0M | 6 | 31 |
| Horikawa Cho (堀川町) | – | – | ¥16.0M | 4 | 29 |
| Fukabori Cho (深堀町) | – | – | ¥13.5M | 7 | 28 |
| Jujigai (十字街) | ¥15.0M | ¥183k/m² | – | 4 | 15 |
| Suginami Cho (杉並町) | – | – | ¥15.0M | 6 | 14 |
| Showa Bashi (昭和橋) | – | – | ¥7.0M | 4 | 13 |
| Kashiwagi Cho (柏木町) | – | – | ¥24.0M | 7 | 12 |
| Oomachi(Hokkaido) (大町(北海道)) | – | – | – | 4 | 12 |
| Aoyagi Cho (青柳町) | – | – | ¥7.8M | 2 | 12 |
| Shiyakusho Mae(Hakodate) (市役所前(函館)) | – | – | – | 2 | 10 |
Used condo prices by layout in Hakodate City
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 3LDK | ¥10.0M | 75 m² | 71 |
| 2LDK | ¥11.5M | 65 m² | 34 |
| 1K | ¥2.1M | 20 m² | 17 |
| 4LDK | ¥12.0M | 85 m² | 12 |
| 2DK | ¥5.8M | 50 m² | 11 |
How much does an apartment cost in Hakodate City?
The median used condo (mansion) in Hakodate City sold for ¥9.4M in 2025, about ¥138k/m², based on 53 recorded sales.
How much does a house cost in Hakodate City?
The median house sale, including the land, was ¥12.0M in 2025 across 273 sales.
Are property prices in Hakodate City going up?
Over the five years to 2025, condo prices per m² changed +16.0% and residential land prices changed +5.9%.
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.