Shinsekai, Osaka
Photo: Shinsekai, Osaka · Nomadic Julien / Unsplash

Mihara Ward, Sakai City Housing Market Report 2025

Data updated 2026-11-10 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2

Key figures for 2025

Median house price (land + building)
¥14.0M
Residential land per m² (sales)
¥78k/m²
+200.0% over 5 years
Transactions in 2025
92
#56 of 68 areas in Osaka by price per m²

What the data says

Price growth is speeding up

House values per m² have risen about 3.4% a year over the past five years, faster than the 7.4% 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 Osaka

Per m², houses here are 42% below the Osaka average. Ten years ago the gap was 22%, so Mihara Ward, Sakai City has been falling behind the rest of Osaka.

Sales are thinning out

Transactions are down about 18% 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 house sales last year were between ¥5.2M and ¥21.0M. Listings outside that range are either unusual properties or worth a closer look.

A shrinking population

The population fell 4.4% between 2020 and 2025 (−0.8% for the wider area). More people moved in than out in 2025, a net gain of about 2.2 per 1,000 residents, so demand for homes is being topped up by newcomers. Households still grew 0.6% as people live in smaller households, which supports demand for smaller homes even as the population shrinks.

Typical vacancy

8.4% of homes were empty in 2023 (14.2% for the wider area), and 6.5% were empty without being for rent, for sale or used as second homes. The level of abandoned homes is around the national norm.

Moderate earthquake risk

The government's seismic model gives a 27% chance of shaking of intensity 6-lower or stronger in the next 30 years (43% 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 +7% 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, 8% are inside the worst-case flood 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 Mihara Ward, Sakai City: people, homes and risks

Population 2025
35,939
-4.4% since 2020
Osaka: -0.8%
Net moves in 2025
+78
+2.17 per 1,000 residents
Osaka: +1.79
Vacant homes (2023)
8.4%
6.5% empty and not for rent or sale
Osaka: 14.2%
Median rent (2023)
¥45k
per month, all rented homes
Osaka: ¥58k
Strong earthquake risk
27.4%
chance of shaking of intensity 6-lower or more within 30 years
Osaka: 43.3%
Official land price 2026
¥80k/m²
+3.5% in a year · +6.7% in 5 years
Osaka: ¥145k/m²
Flood exposure
8.3%
of 12 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
Osaka: 42.5%
Landslide exposure
0.0%
of 12 benchmark sites in a landslide warning area
Osaka: 1.4%

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 Mihara Ward, Sakai 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.

House

Lower-priced2026 Q1

¥4.4M

¥59k/m²

  • Tajii
  • Eganosho
  • Land 60 m² · floor 75 m²
  • Built 1977 (49 yrs) · Wood
Typical2025 Q4

¥13.0M

¥130k/m²

  • Kitaamabe
  • Hagiharatenjin · 12 min walk
  • Land 65 m² · floor 100 m²
  • Built 1997 (28 yrs) · Wood
Higher-priced2025 Q3

¥25.0M

¥263k/m²

  • Tajii
  • Kawachi Matsubara
  • Land 105 m² · floor 95 m²
  • Built 2017 (8 yrs) · Wood
Median transaction price by year
¥0¥10.0M¥20.0M¥30.0M2006200820102012201420162018202020222024
Show data table
YearHouse
2006¥24.0M
2007¥16.0M
2008¥21.0M
2009¥20.0M
2010¥19.0M
2011¥20.0M
2012¥16.5M
2013¥13.0M
2014¥21.0M
2015¥18.0M
2016¥15.0M
2017¥15.0M
2018¥19.5M
2019¥12.5M
2020¥14.0M
2021¥13.0M
2022¥18.0M
2023¥20.0M
2024¥18.0M
2025¥14.0M
Median price per m² by year
¥0¥50k¥100k¥150k¥200k2006200820102012201420162018202020222024
Show data table
YearHouseLand
2006¥174k/m²¥74k/m²
2007¥175k/m²¥105k/m²
2008¥186k/m²¥70k/m²
2009¥179k/m²¥63k/m²
2010¥158k/m²¥44k/m²
2011¥161k/m²¥60k/m²
2012¥143k/m²–
2013¥104k/m²¥52k/m²
2014¥154k/m²–
2015¥174k/m²–
2016¥121k/m²¥38k/m²
2017¥120k/m²¥59k/m²
2018¥157k/m²¥73k/m²
2019¥112k/m²¥67k/m²
2020¥112k/m²¥26k/m²
2021¥126k/m²¥67k/m²
2022¥138k/m²¥60k/m²
2023¥189k/m²–
2024¥150k/m²¥90k/m²
2025¥116k/m²¥78k/m²
Price per m² by building age (2021–2025 sales)
¥0¥100k¥200k¥300k¥400k05101520253035404550
Show data table
Building age (years)House
0¥305k/m²
40¥119k/m²
50¥59k/m²
House price per m² by construction period
¥0¥100k¥200k¥300k2007200920112013201520172019202120232025

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¥147k/m²¥164k/m²––
2008–¥147k/m²¥284k/m²–
2009¥57k/m²¥148k/m²¥279k/m²–
2010–¥127k/m²¥242k/m²–
2011–¥147k/m²–¥284k/m²
2012–¥122k/m²––
2013–¥105k/m²––
2014–¥136k/m²–¥258k/m²
2015–¥158k/m²––
2016–¥121k/m²––
2019–¥102k/m²––
2020–¥95k/m²––
2025–¥118k/m²––

Prices near train stations in Mihara Ward, Sakai City

Sales from 2023–2025, grouped by nearest station.

StationMedian used condo priceCondo price per m²Median house price (land + building)Walk (min)Sales
Kitanoda (北野田)––¥15.0M2451
Hatsushiba (初芝)––¥13.0M2440
Hagiharatenjin (萩原天神)––¥17.0M1819
Eganosho (恵我ノ荘)––¥12.0M–14
Kawachi Matsubara (河内松原)––¥16.5M–10

How much does a house cost in Mihara Ward, Sakai City?

The median house sale, including the land, was ¥14.0M in 2025 across 63 sales.

Are property prices in Mihara Ward, Sakai City going up?

Over the five years to 2025, residential land prices changed +200.0%.

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.