Shibuya Ward Housing Market 2025: Luxury Prices, a Shrinking Population
Data updated 2026-11-10 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2
Key figures for 2025
- Median used condo price
- ¥63.0M
- ¥1.6M/m² · +6.7% vs 2024
- Median house price (land + building)
- ¥400M
- Residential land per m² (sales)
- ¥1.9M/m²
- +58.3% over 5 years
- Transactions in 2025
- 709
- #4 of 50 areas in Tokyo by price per m²
Expensive and getting more so
Shibuya is the fourth most expensive of the 23 wards at about ¥1.6M per m² for a used condo, 1.5 times the Tokyo average. The median condo sold for about ¥63M in 2025 and the median house for about ¥400M. Prices per m² rose about 6% a year over the past five years, faster than the five years before.
The ward that is losing people
Shibuya's population fell 2.0% between 2020 and 2025, the biggest drop of any ward, and in 2025 more people moved out to the rest of Japan than moved in. Households still grew slightly, so the residents who remain are older or smaller households. High prices are pushing families out.
Two very different markets
Yoyogi-Uehara, Kita-Sando and Daikanyama sell at about ¥1.9–2.0M per m², while Hatagaya and Sasazuka in the west sell at about ¥1.1–1.2M, 40% less. The cheapest quarter of condos sold for under ¥30M and the top quarter for over ¥130M.
Walking farther costs more
Condos 11–15 minutes from a station sell for about 9% more per m² than those within 5 minutes. The quiet residential areas of Shoto, Uehara and Hiroo are a little away from stations and cost more, not less.
Rents and renewal
A median condo costs about 47 years of median rent, one of the weakest ratios among the wards. Shibuya sits mostly on high ground: fewer than one in five benchmark sites is in a flood zone, all shallow. The Shibuya Station renewal area is in the middle of a decades-long rebuild, and part of the Shinjuku Station area also falls in the ward. Official residential land is still about 57% below its 1991 bubble peak, the biggest gap of the central wards.
Living in Shibuya Ward: people, homes and risks
- Population 2025
- 239,119
- -2.0% since 2020
- Tokyo: +1.4%
- Net moves in 2025
- -794
- -3.32 per 1,000 residents
- Tokyo: +4.58
- Vacant homes (2023)
- 11.2%
- 0.6% empty and not for rent or sale
- Tokyo: 10.9%
- Median rent (2023)
- ¥111k
- per month, all rented homes
- Tokyo: ¥78k
- Strong earthquake risk
- 50.7%
- chance of shaking of intensity 6-lower or more within 30 years
- Tokyo: 52.8%
- Official land price 2026
- ¥1.8M/m²
- +11.0% in a year · +39.9% in 5 years
- Tokyo: ¥407k/m²
- Flood exposure
- 19.0%
- of 58 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
- Tokyo: 42.5%
- Landslide exposure
- 0.0%
- of 58 benchmark sites in a landslide warning area
- Tokyo: 0.8%
Urban renewal zones
Areas designated by the national government for priority redevelopment, with relaxed planning rules and financial support for large projects.
- Shinjuku Station area · 221 ha · designated 2002 · Specified zone (highest priority)
- Shibuya Station area · 139 ha · designated 2005 · Specified zone (highest priority)
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 Shibuya Ward
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
¥28.0M
¥1.4M/m²
- Sasazuka
- Sasazuka · 5 min walk
- 1K · 20 m²
- Built 1999 (27 yrs) · SRC
¥54.0M
¥1.8M/m²
- Uehara
- Yoyogi Uehara · 6 min walk
- 2LDK · 30 m²
- Built 2017 (8 yrs) · RC
¥140M
¥1.5M/m²
- Hatagaya
- Sasazuka · 10 min walk
- 3LDK · 95 m²
- Built 1998 (28 yrs) · RC
House
¥160M
¥533k/m²
- Hatagaya
- Hatagaya · 11 min walk
- Land 210 m² · floor 300 m²
- Built 1987 (38 yrs) · Steel
¥420M
¥1.0M/m²
- Sasazuka
- Sasazuka · 7 min walk
- Land 260 m² · floor 420 m²
- Built 2018 (8 yrs) · Steel
¥990M
¥1.8M/m²
- Kamiyamacho
- Shibuya · 13 min walk
- Land 190 m² · floor 550 m²
- Built 1992 (33 yrs) · RC
Show data table
| Year | Condo | House |
|---|---|---|
| 2005 | ¥24.0M | ¥150M |
| 2006 | ¥25.0M | ¥240M |
| 2007 | ¥26.5M | ¥285M |
| 2008 | ¥27.0M | ¥130M |
| 2009 | ¥30.0M | ¥110M |
| 2010 | ¥27.0M | ¥140M |
| 2011 | ¥25.0M | ¥94.0M |
| 2012 | ¥26.0M | ¥110M |
| 2013 | ¥27.0M | ¥100M |
| 2014 | ¥26.0M | ¥120M |
| 2015 | ¥34.0M | ¥160M |
| 2016 | ¥28.0M | ¥180M |
| 2017 | ¥33.0M | ¥180M |
| 2018 | ¥34.0M | ¥185M |
| 2019 | ¥35.0M | ¥160M |
| 2020 | ¥43.0M | ¥160M |
| 2021 | ¥40.0M | ¥200M |
| 2022 | ¥40.0M | ¥235M |
| 2023 | ¥46.0M | ¥330M |
| 2024 | ¥55.0M | ¥290M |
| 2025 | ¥63.0M | ¥400M |
| 2026 (partial) | ¥53.0M | ¥365M |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2005 | ¥727k/m² | ¥681k/m² | ¥935k/m² |
| 2006 | ¥743k/m² | ¥960k/m² | ¥1.1M/m² |
| 2007 | ¥825k/m² | ¥963k/m² | ¥1.0M/m² |
| 2008 | ¥800k/m² | ¥763k/m² | ¥1.0M/m² |
| 2009 | ¥800k/m² | ¥671k/m² | ¥730k/m² |
| 2010 | ¥830k/m² | ¥671k/m² | ¥780k/m² |
| 2011 | ¥800k/m² | ¥671k/m² | ¥780k/m² |
| 2012 | ¥765k/m² | ¥665k/m² | ¥820k/m² |
| 2013 | ¥821k/m² | ¥686k/m² | ¥850k/m² |
| 2014 | ¥850k/m² | ¥708k/m² | ¥830k/m² |
| 2015 | ¥966k/m² | ¥824k/m² | ¥925k/m² |
| 2016 | ¥1.0M/m² | ¥827k/m² | ¥990k/m² |
| 2017 | ¥1.0M/m² | ¥923k/m² | ¥1.1M/m² |
| 2018 | ¥1.1M/m² | ¥902k/m² | ¥1.1M/m² |
| 2019 | ¥1.1M/m² | ¥1.0M/m² | ¥1.1M/m² |
| 2020 | ¥1.2M/m² | ¥1.0M/m² | ¥1.2M/m² |
| 2021 | ¥1.2M/m² | ¥1.2M/m² | ¥1.2M/m² |
| 2022 | ¥1.3M/m² | ¥1.2M/m² | ¥1.4M/m² |
| 2023 | ¥1.4M/m² | ¥1.2M/m² | ¥1.6M/m² |
| 2024 | ¥1.5M/m² | ¥1.4M/m² | ¥1.9M/m² |
| 2025 | ¥1.6M/m² | ¥1.7M/m² | ¥1.9M/m² |
| 2026 (partial) | ¥1.6M/m² | ¥1.7M/m² | – |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | ¥2.6M/m² | ¥1.4M/m² |
| 1 | ¥2.3M/m² | ¥1.7M/m² |
| 2 | ¥2.7M/m² | – |
| 3 | ¥2.2M/m² | – |
| 4 | ¥2.4M/m² | – |
| 5 | ¥1.9M/m² | ¥1.7M/m² |
| 6 | ¥1.7M/m² | ¥1.1M/m² |
| 7 | ¥1.7M/m² | – |
| 8 | ¥1.7M/m² | ¥1.7M/m² |
| 9 | ¥1.8M/m² | ¥1.4M/m² |
| 10 | ¥1.6M/m² | – |
| 11 | ¥1.5M/m² | – |
| 12 | ¥1.6M/m² | – |
| 13 | ¥1.6M/m² | ¥1.8M/m² |
| 14 | ¥1.6M/m² | – |
| 15 | ¥1.4M/m² | – |
| 16 | ¥1.4M/m² | – |
| 17 | ¥1.5M/m² | ¥1.3M/m² |
| 18 | ¥1.3M/m² | – |
| 19 | ¥1.3M/m² | ¥1.1M/m² |
| 20 | ¥1.4M/m² | ¥1.6M/m² |
| 21 | ¥1.3M/m² | – |
| 22 | ¥1.4M/m² | ¥1.4M/m² |
| 23 | ¥1.4M/m² | ¥1.2M/m² |
| 24 | ¥1.3M/m² | – |
| 25 | ¥1.3M/m² | ¥1.0M/m² |
| 26 | ¥1.3M/m² | – |
| 27 | ¥1.4M/m² | – |
| 28 | ¥1.2M/m² | – |
| 29 | ¥1.2M/m² | ¥1.1M/m² |
| 30 | ¥1.2M/m² | – |
| 31 | ¥1.4M/m² | – |
| 32 | ¥1.4M/m² | ¥1.2M/m² |
| 33 | ¥1.4M/m² | ¥1.2M/m² |
| 34 | ¥1.2M/m² | ¥1.6M/m² |
| 35 | ¥825k/m² | – |
| 36 | ¥867k/m² | ¥1.1M/m² |
| 37 | ¥1.2M/m² | ¥1.1M/m² |
| 38 | ¥1.1M/m² | – |
| 39 | ¥1.1M/m² | ¥1.3M/m² |
| 40 | ¥1.1M/m² | – |
| 41 | ¥1.1M/m² | – |
| 42 | ¥950k/m² | ¥1.3M/m² |
| 43 | ¥966k/m² | – |
| 44 | ¥942k/m² | – |
| 45 | ¥1.0M/m² | – |
| 46 | ¥1.0M/m² | – |
| 47 | ¥950k/m² | – |
| 48 | ¥1.1M/m² | – |
| 49 | ¥950k/m² | – |
| 50 | ¥980k/m² | ¥1.0M/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 |
|---|---|---|---|---|
| 2005 | ¥550k/m² | ¥727k/m² | ¥1.1M/m² | – |
| 2006 | ¥575k/m² | ¥760k/m² | ¥1.1M/m² | – |
| 2007 | ¥650k/m² | ¥850k/m² | ¥1.1M/m² | – |
| 2008 | ¥600k/m² | ¥831k/m² | ¥1.1M/m² | – |
| 2009 | ¥600k/m² | ¥810k/m² | ¥988k/m² | – |
| 2010 | ¥600k/m² | ¥800k/m² | ¥1.0M/m² | – |
| 2011 | ¥550k/m² | ¥800k/m² | ¥960k/m² | ¥1.2M/m² |
| 2012 | ¥512k/m² | ¥714k/m² | ¥958k/m² | – |
| 2013 | ¥551k/m² | ¥800k/m² | ¥920k/m² | ¥1.3M/m² |
| 2014 | ¥613k/m² | ¥805k/m² | ¥1.0M/m² | ¥1.2M/m² |
| 2015 | ¥700k/m² | ¥953k/m² | ¥1.1M/m² | ¥1.5M/m² |
| 2016 | ¥700k/m² | ¥963k/m² | ¥1.1M/m² | ¥1.4M/m² |
| 2017 | ¥733k/m² | ¥973k/m² | ¥1.1M/m² | ¥1.3M/m² |
| 2018 | ¥778k/m² | ¥1.1M/m² | ¥1.2M/m² | ¥1.6M/m² |
| 2019 | ¥800k/m² | ¥1.0M/m² | ¥1.2M/m² | ¥1.5M/m² |
| 2020 | ¥875k/m² | ¥1.1M/m² | ¥1.2M/m² | ¥1.6M/m² |
| 2021 | ¥867k/m² | ¥1.1M/m² | ¥1.3M/m² | ¥1.6M/m² |
| 2022 | ¥1.0M/m² | ¥1.1M/m² | ¥1.3M/m² | ¥1.7M/m² |
| 2023 | ¥1.0M/m² | ¥1.3M/m² | ¥1.4M/m² | ¥1.7M/m² |
| 2024 | ¥1.0M/m² | ¥1.3M/m² | ¥1.5M/m² | ¥2.0M/m² |
| 2025 | ¥1.1M/m² | ¥1.4M/m² | ¥1.7M/m² | ¥2.2M/m² |
| 2026 (partial) | – | ¥1.4M/m² | ¥1.7M/m² | ¥2.3M/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 |
|---|---|---|---|---|
| 2005 | – | ¥686k/m² | – | – |
| 2006 | ¥1.3M/m² | ¥899k/m² | ¥1.1M/m² | – |
| 2007 | ¥1.5M/m² | ¥897k/m² | ¥1.0M/m² | – |
| 2008 | – | ¥733k/m² | ¥768k/m² | – |
| 2009 | – | ¥614k/m² | ¥682k/m² | – |
| 2010 | – | ¥560k/m² | ¥713k/m² | – |
| 2011 | – | ¥674k/m² | – | ¥671k/m² |
| 2012 | ¥494k/m² | ¥659k/m² | ¥676k/m² | ¥719k/m² |
| 2013 | – | ¥595k/m² | ¥846k/m² | ¥703k/m² |
| 2014 | – | ¥653k/m² | ¥951k/m² | ¥714k/m² |
| 2015 | – | ¥750k/m² | ¥968k/m² | ¥1.0M/m² |
| 2016 | – | ¥813k/m² | ¥1.1M/m² | ¥889k/m² |
| 2017 | ¥583k/m² | ¥894k/m² | ¥1.0M/m² | ¥1.1M/m² |
| 2018 | – | ¥907k/m² | ¥891k/m² | ¥953k/m² |
| 2019 | – | ¥875k/m² | ¥1.2M/m² | ¥1.2M/m² |
| 2020 | – | ¥911k/m² | – | ¥1.1M/m² |
| 2021 | – | ¥1.1M/m² | – | ¥1.2M/m² |
| 2022 | ¥1.3M/m² | ¥1.1M/m² | ¥1.2M/m² | – |
| 2023 | – | ¥1.2M/m² | ¥1.2M/m² | – |
| 2024 | – | ¥1.2M/m² | ¥1.8M/m² | – |
| 2025 | ¥1.2M/m² | ¥1.7M/m² | – | – |
Prices near train stations in Shibuya Ward
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 |
|---|---|---|---|---|---|
| Shibuya (渋谷) | ¥63.0M | ¥1.6M/m² | ¥795M | 8 | 201 |
| Ebisu(Tokyo) (恵比寿) | ¥80.0M | ¥1.7M/m² | ¥410M | 7 | 191 |
| Hatagaya (幡ケ谷) | ¥28.0M | ¥1.1M/m² | ¥98.0M | 6 | 187 |
| Sasazuka (笹塚) | ¥26.0M | ¥1.2M/m² | ¥100M | 6 | 180 |
| Hatsudai (初台) | ¥35.0M | ¥1.4M/m² | ¥170M | 5 | 149 |
| Yoyogi Uehara (代々木上原) | ¥120M | ¥2.0M/m² | ¥470M | 6 | 98 |
| Kita Sando (北参道) | ¥120M | ¥2.0M/m² | ¥585M | 3 | 98 |
| Nishi Shinjuku Gochome (西新宿五丁目) | ¥41.5M | ¥1.2M/m² | ¥110M | 5 | 98 |
| Daikan yama (代官山) | ¥86.0M | ¥1.9M/m² | – | 3 | 90 |
| Hiro o (広尾) | ¥98.5M | ¥1.8M/m² | ¥360M | 9 | 74 |
| Yoyogi (代々木) | ¥43.0M | ¥1.4M/m² | ¥430M | 4 | 70 |
| Shinsen (神泉) | ¥47.0M | ¥1.5M/m² | ¥350M | 4 | 65 |
| Sangubashi (参宮橋) | ¥80.0M | ¥1.4M/m² | ¥170M | 5 | 61 |
| Yoyogi Koen (代々木公園) | ¥36.0M | ¥1.5M/m² | – | 7 | 60 |
| Yoyogi Hachiman (代々木八幡) | ¥74.0M | ¥1.6M/m² | ¥515M | 6 | 57 |
Used condo prices by layout in Shibuya Ward
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 1K | ¥25.0M | 20 m² | 418 |
| 2LDK | ¥110M | 60 m² | 295 |
| 1LDK | ¥65.0M | 40 m² | 286 |
| 3LDK | ¥160M | 75 m² | 143 |
| 1DK | ¥45.0M | 30 m² | 95 |
| 2DK | ¥45.0M | 45 m² | 39 |
| 1R | ¥19.0M | 20 m² | 37 |
| Open floor | ¥74.0M | 42.5 m² | 24 |
How much does an apartment cost in Shibuya Ward?
The median used condo (mansion) in Shibuya Ward sold for ¥63.0M in 2025, about ¥1.6M/m², based on 513 recorded sales.
How much does a house cost in Shibuya Ward?
The median house sale, including the land, was ¥400M in 2025 across 135 sales.
Are property prices in Shibuya Ward going up?
Over the five years to 2025, condo prices per m² changed +33.3% and residential land prices changed +58.3%.
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.