Property prices in Morioka
Median sale prices in Morioka, Iwate from real transactions (2023Q2–2026Q1) — homes, apartments, and land, plus the current for-sale market.
- Median home price
- ¥17.0M
- Home ¥/m²
- ¥123K/m²
- 3-year change
- -15.9%
- For sale now
- 1,841
By home price per m², Morioka ranks #5 of 29 municipalities in Iwate and #604 of 1684 nationwide.
Prices by property type
| Type | Median sold price | ¥/m² (25–75% range) | 3y change | Median asking price | For sale |
|---|---|---|---|---|---|
| Homes | ¥17.0M | ¥123K/m²¥66K–¥264K | -15.9% | ¥23.0M | 566 |
| Apartments | ¥13.5M | ¥227K/m²¥112K–¥333K | +13.4% | ¥16.8M | 333 |
| Land | ¥13.0M | ¥62K/m²¥39K–¥80K | +8.8% | ¥11.0M | 942 |
Only segments with at least 5 transactions are shown. Apartment ¥/m² is a sold figure from the transaction records; there is no asking ¥/m² for apartments, because listings carry no unit area.
Official land prices in Iwate: the 2026 prefectural land price survey
- Residential land
- -0.7%
- prior year -0.2%
- Commercial land
- -0.9%
- prior year -0.9%
Year-on-year change at the 1 July 2026 valuation
The prefecture-wide rates from the 2026 prefectural land price survey, published by Japan's Ministry of Land, Infrastructure, Transport and Tourism on 2026-09-15. Official land prices are appraised values per square metre set by each prefectural governor as of 1 July, which is a different measure from the prices Morioka properties actually sold for in the table above. The survey covers 21,466 points nationwide.
These rates are for Iwate as a whole. For what individual properties sold for city by city, see the table above.
Source: Ministry of Land, Infrastructure, Transport and Tourism, Summary of the 2026 Prefectural Land Price Survey (PDF)
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How much does a house cost in Morioka?
The median sold price for a house (land + building) in Morioka is ¥17.0M (¥123K/m²), based on real transactions from 2023Q2–2026Q1.
How much does land cost in Morioka?
The median price of residential land in Morioka is ¥62K/m², with a median lot price of ¥13.0M (2023Q2–2026Q1).
Are property prices in Morioka rising?
Home prices per m² in Morioka have changed -15.9% compared with the previous three-year period.
Nearby municipalities
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About this data
Source: MLIT (Japan's Ministry of Land, Infrastructure, Transport and Tourism) real estate transaction records, 2023Q2–2026Q1. Only segments with at least 5 transactions are shown. For-sale figures come from active listings tracked and deduplicated by Japan Property Research.