Himeji Castle, Hyogo
Photo: Himeji Castle, Hyogo · Svetlana Gumerova / Unsplash

Nishinomiya 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
¥34.0M
¥455k/m² · -0.6% vs 2024
Median house price (land + building)
¥52.0M
-1.3% vs 2024
Residential land per m² (sales)
¥340k/m²
+41.7% over 5 years
Transactions in 2025
955
#4 of 41 areas in Hyogo by price per m²

What the data says

Steady, predictable growth

Condo prices per m² have climbed about 2% a year, roughly in line with the previous five years. There is no sign of overheating or a sudden slowdown.

Lagging Hyogo

Per m², condos here are 16% above the Hyogo average. The premium was 41% ten years ago, so the rest of Hyogo has been catching up.

Being near a station is worth a lot

Condos within a 5-minute walk of a station sell for about 24% 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

77% 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 13% 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 ¥20.0M and ¥47.0M. Listings outside that range are either unusual properties or worth a closer look.

A shrinking population

The population fell 0.6% between 2020 and 2025 (−2.6% for the wider area). Moves in and out roughly balanced in 2025. Households still grew 3.2% as people live in smaller households, which supports demand for smaller homes even as the population shrinks.

Typical vacancy

11% of homes were empty in 2023 (13.8% for the wider area), and 5.7% 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 41.9 years of the area's median rent (¥68k a month), compared with 32.3 years for the wider area. Prices are high relative to rents, so rental yields are thin and buyers are paying for expected growth. Rents here cover all rented homes, so treat this as a rough guide.

Moderate earthquake risk

The government's seismic model gives a 43% chance of shaking of intensity 6-lower or stronger in the next 30 years (33% for the wider area). Post-1981 buildings are designed for this level of shaking, but check ground conditions and insurance.

Official land prices are rising fast

On the government's fixed benchmark sites, which are valued the same way every year, residential land prices changed +4% in the year to January 2026 and +13% over five years. They are still 68% below their 1991 bubble-era level. 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, 58% are inside the worst-case flood zone (6% with expected depths of 3 m or more). 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 Nishinomiya City: people, homes and risks

Population 2025
482,834
-0.6% since 2020
Hyogo: -2.6%
Net moves in 2025
+109
+0.23 per 1,000 residents
Hyogo: -0.39
Vacant homes (2023)
11.0%
5.7% empty and not for rent or sale
Hyogo: 13.8%
Median rent (2023)
¥68k
per month, all rented homes
Hyogo: ¥57k
Strong earthquake risk
43.0%
chance of shaking of intensity 6-lower or more within 30 years
Hyogo: 33.0%
Official land price 2026
¥316k/m²
+3.7% in a year · +12.8% in 5 years
Hyogo: ¥102k/m²
Flood exposure
57.9%
of 107 benchmark sites in a worst-case flood zone (5.6% 3 m or deeper)
Hyogo: 46.1%
Landslide exposure
0.9%
of 107 benchmark sites in a landslide warning area
Hyogo: 4.3%

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 Nishinomiya 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

Lower-priced2026 Q2

¥17.0M

¥680k/m²

  • Fukazucho
  • Nishinomiya Kitaguchi · 10 min walk
  • 1K · 25 m²
  • Built 2009 (17 yrs) · RC
Typical2026 Q2

¥32.0M

¥533k/m²

  • Yubacho
  • Sakurashukugawa · 13 min walk
  • 3LDK · 60 m²
  • Built 2002 (24 yrs) · RC
Higher-priced2026 Q2

¥51.0M

¥408k/m²

  • Natsugicho
  • Kurakuenguchi · 6 min walk
  • 2LDK · 125 m²
  • Built 1989 (37 yrs) · RC

House

Lower-priced2026 Q2

¥20.0M

¥286k/m²

  • Imazuakebonocho
  • Imazu(Hanshin) · 8 min walk
  • Land 70 m² · floor 70 m²
  • Built 1982 (44 yrs) · Wood
Typical2025 Q4

¥48.0M

¥436k/m²

  • Uegaharayamatecho
  • Koyoen · 19 min walk
  • Land 105 m² · floor 110 m²
  • Built 2025 (0 yrs) · Wood
Higher-priced2026 Q2

¥80.0M

¥533k/m²

  • Koshiensunadacho
  • Koshien · 11 min walk
  • Land 135 m² · floor 150 m²
  • Built 1996 (30 yrs) · Light steel
Median transaction price by year
¥0¥20.0M¥40.0M¥60.0M2007200920112013201520172019202120232025
Show data table
YearCondoHouse
2007¥23.0M¥40.0M
2008¥24.0M¥39.0M
2009¥24.0M¥36.0M
2010¥25.0M¥38.0M
2011¥24.0M¥38.0M
2012¥24.0M¥39.0M
2013¥25.0M¥40.0M
2014¥27.0M¥39.0M
2015¥27.0M¥38.0M
2016¥27.0M¥42.0M
2017¥27.0M¥40.0M
2018¥28.0M¥43.0M
2019¥28.0M¥42.5M
2020¥31.0M¥42.0M
2021¥32.0M¥46.0M
2022¥32.0M¥45.0M
2023¥32.0M¥45.0M
2024¥32.0M¥50.0M
2025¥34.0M¥52.0M
2026 (partial)¥33.0M¥45.5M
Median price per m² by yearHouses are the better deal on space — A m² of house floor space costs about 8% less than a m² of condo, even though the house price includes land. If you need room more than convenience, a house buys considerably more space.
¥0¥200k¥400k¥600k2007200920112013201520172019202120232025
Show data table
YearCondoHouseLand
2007¥308k/m²¥365k/m²¥240k/m²
2008¥333k/m²¥343k/m²¥250k/m²
2009¥330k/m²¥325k/m²¥220k/m²
2010¥350k/m²¥338k/m²¥230k/m²
2011¥338k/m²¥327k/m²¥230k/m²
2012¥341k/m²¥358k/m²¥220k/m²
2013¥345k/m²¥344k/m²¥230k/m²
2014¥380k/m²¥333k/m²¥240k/m²
2015¥367k/m²¥323k/m²¥240k/m²
2016¥400k/m²¥362k/m²¥270k/m²
2017¥386k/m²¥344k/m²¥260k/m²
2018¥400k/m²¥370k/m²¥290k/m²
2019¥400k/m²¥379k/m²¥270k/m²
2020¥427k/m²¥376k/m²¥240k/m²
2021¥443k/m²¥410k/m²¥260k/m²
2022¥457k/m²¥371k/m²¥280k/m²
2023¥470k/m²¥377k/m²¥300k/m²
2024¥457k/m²¥423k/m²¥315k/m²
2025¥455k/m²¥418k/m²¥340k/m²
2026 (partial)¥492k/m²¥360k/m²¥355k/m²
Price per m² by building age (2021–2025 sales)How condos age here — In recent sales, condos lose about a quarter of their per-m² value by around 24 years old and half by around 31. Prices keep falling by roughly 4% a year even after 25 years, so older condos here are cheap for a reason. Check the repair fund and rebuild plans.Houses bottom out at around 39 years — House prices per m² drop about 51% from new by age 39, then flatten, because by then buyers are mostly paying for the land. A house older than that costs little more than its plot, a good option if you plan to renovate or rebuild.
¥0¥200k¥400k¥600k¥800k05101520253035404550
Show data table
Building age (years)CondoHouse
0–¥505k/m²
1¥696k/m²¥495k/m²
2¥588k/m²¥503k/m²
3¥733k/m²¥447k/m²
4¥648k/m²¥440k/m²
5¥656k/m²¥457k/m²
6¥651k/m²–
7¥635k/m²¥425k/m²
8¥547k/m²¥478k/m²
9¥665k/m²¥445k/m²
10¥600k/m²¥448k/m²
11¥610k/m²–
12¥636k/m²¥391k/m²
13¥636k/m²¥439k/m²
14¥614k/m²¥420k/m²
15¥600k/m²¥364k/m²
16¥538k/m²¥445k/m²
17¥546k/m²¥371k/m²
18¥523k/m²¥378k/m²
19¥500k/m²¥396k/m²
20¥514k/m²¥329k/m²
21¥529k/m²¥350k/m²
22¥504k/m²¥424k/m²
23¥500k/m²¥356k/m²
24¥431k/m²¥312k/m²
25¥457k/m²¥286k/m²
26¥417k/m²¥320k/m²
27¥400k/m²¥294k/m²
28¥440k/m²¥305k/m²
29¥388k/m²¥333k/m²
30¥271k/m²¥283k/m²
31¥301k/m²¥290k/m²
32¥343k/m²¥280k/m²
33¥265k/m²¥263k/m²
34¥247k/m²¥225k/m²
35¥347k/m²¥278k/m²
36¥306k/m²¥239k/m²
37¥307k/m²¥181k/m²
38¥266k/m²¥241k/m²
39¥233k/m²¥258k/m²
40¥200k/m²¥246k/m²
41¥320k/m²¥169k/m²
42¥165k/m²¥187k/m²
43¥215k/m²¥227k/m²
44¥167k/m²¥177k/m²
45¥242k/m²¥211k/m²
46¥214k/m²¥213k/m²
47¥271k/m²¥214k/m²
48¥232k/m²¥184k/m²
49¥286k/m²¥226k/m²
50¥252k/m²¥227k/m²
Condo price per m² by construction periodBuilding age matters less than location — Over the last decade, pre-1981 condos have appreciated at about the same pace as 2000s buildings (around 2.5% a year), so in this market location matters more than building age. Pre-1981 buildings, built before the current earthquake standard, trade about 38% below 1980s–90s buildings.
¥0¥500k¥1.0M2007200920112013201520172019202120232025

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
Year1971-19801981-20002001-20102011-2020
2007¥185k/m²¥333k/m²¥419k/m²–
2008¥176k/m²¥329k/m²¥427k/m²–
2009¥154k/m²¥317k/m²¥432k/m²–
2010¥185k/m²¥322k/m²¥428k/m²–
2011¥200k/m²¥300k/m²¥427k/m²–
2012¥190k/m²¥300k/m²¥429k/m²–
2013¥185k/m²¥313k/m²¥414k/m²–
2014¥173k/m²¥345k/m²¥431k/m²–
2015¥200k/m²¥343k/m²¥440k/m²¥560k/m²
2016¥217k/m²¥356k/m²¥462k/m²¥584k/m²
2017¥194k/m²¥343k/m²¥486k/m²¥563k/m²
2018¥214k/m²¥347k/m²¥462k/m²¥586k/m²
2019¥200k/m²¥352k/m²¥486k/m²¥600k/m²
2020¥262k/m²¥358k/m²¥467k/m²¥631k/m²
2021¥229k/m²¥387k/m²¥500k/m²¥613k/m²
2022¥200k/m²¥400k/m²¥523k/m²¥613k/m²
2023¥277k/m²¥424k/m²¥538k/m²¥639k/m²
2024¥238k/m²¥400k/m²¥538k/m²¥689k/m²
2025¥240k/m²¥390k/m²¥575k/m²¥737k/m²
2026 (partial)–¥474k/m²¥508k/m²¥897k/m²
House price per m² by construction period
¥0¥200k¥400k¥600k2007200920112013201520172019202120232025

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
Year1971-19801981-20002001-20102011-2020
2007¥200k/m²¥291k/m²¥400k/m²–
2008¥250k/m²¥273k/m²¥405k/m²–
2009¥216k/m²¥212k/m²¥389k/m²–
2010¥206k/m²¥258k/m²¥379k/m²–
2011¥200k/m²¥260k/m²¥367k/m²¥400k/m²
2012¥222k/m²¥245k/m²¥356k/m²¥410k/m²
2013¥192k/m²¥230k/m²¥350k/m²¥420k/m²
2014¥182k/m²¥258k/m²¥338k/m²¥410k/m²
2015¥209k/m²¥250k/m²¥383k/m²¥412k/m²
2016¥194k/m²¥272k/m²¥348k/m²¥448k/m²
2017¥187k/m²¥263k/m²¥354k/m²¥436k/m²
2018¥200k/m²¥287k/m²¥362k/m²¥448k/m²
2019¥170k/m²¥271k/m²¥374k/m²¥457k/m²
2020¥174k/m²¥259k/m²¥368k/m²¥448k/m²
2021¥173k/m²¥263k/m²¥363k/m²¥470k/m²
2022¥156k/m²¥265k/m²¥369k/m²¥459k/m²
2023¥211k/m²¥275k/m²¥421k/m²¥455k/m²
2024¥255k/m²¥310k/m²¥364k/m²¥490k/m²
2025¥180k/m²¥305k/m²¥401k/m²¥500k/m²
2026 (partial)–¥286k/m²––

Prices near train stations in Nishinomiya City

Sales from 2023–2025, grouped by nearest station.

StationMedian used condo priceCondo price per m²Median house price (land + building)Walk (min)Sales
Koyoen (甲陽園)¥26.0M¥360k/m²¥49.0M11215
Koshien (甲子園)¥35.0M¥467k/m²¥49.5M12203
Nishinomiya Kitaguchi (西宮北口)¥41.0M¥663k/m²¥58.0M10196
Koshienguchi (甲子園口)¥36.0M¥508k/m²¥60.0M9194
Nishinomiya(Hanshin) (西宮(阪神))¥29.5M¥474k/m²¥55.0M7193
Kurakuenguchi (苦楽園口)¥33.0M¥467k/m²¥50.0M14153
Mondo Yakujin (門戸厄神)¥44.0M¥647k/m²¥46.0M11149
Shukugawa (夙川)¥34.0M¥563k/m²¥68.0M10134
Koroen (香櫨園)¥33.0M¥446k/m²¥58.5M9113
Kotoen (甲東園)¥34.0M¥457k/m²¥54.5M10113
Nishinomiya(JR) (西宮(JR))¥35.5M¥533k/m²¥86.0M777
Nigawa (仁川)¥34.5M¥469k/m²¥47.0M1169
Mukogawadanchi Mae (武庫川団地前)¥14.0M¥171k/m²¥48.5M961
Imazu(Hanshin) (今津(阪神))¥32.0M¥449k/m²¥50.5M658
Naruo Mukogawajoshidai Mae (鳴尾・武庫川女子大前)¥28.0M¥402k/m²¥55.0M756

Used condo prices by layout in Nishinomiya City

Sales from 2023–2025.

LayoutMedian used condo priceTypical sizeSales
3LDK¥35.0M70 m²636
2LDK¥30.0M65 m²156
4LDK¥39.0M85 m²129
1K¥14.0M20 m²30
1LDK¥23.5M50 m²22

How much does an apartment cost in Nishinomiya City?

The median used condo (mansion) in Nishinomiya City sold for ¥34.0M in 2025, about ¥455k/m², based on 377 recorded sales.

How much does a house cost in Nishinomiya City?

The median house sale, including the land, was ¥52.0M in 2025 across 413 sales.

Are property prices in Nishinomiya City going up?

Over the five years to 2025, condo prices per m² changed +6.5% and residential land prices changed +41.7%.

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.