Below we give a mid-year update on the market for newly constructed and previously owned homes in Osaka, based on September and second quarter listing prices and actual sales prices.

What is the average listing price for a new house in Osaka?

In September 2020, the average listing price for a newly constructed detached wooden house in Osaka of between 100-sqm and 300-sqm (1,076 sqft and 3,229 sqft) was:

• Osaka (prefecture): ¥34,940,000 ($334,000)
  • – 0.2% YoY, -0.85% v. August
• Osaka (city): ¥41,130,000 ($395,000)
  • -2.6% YoY, -11.2% v. August

What is the average sales price of a previously owned house in Osaka?

Sales prices for previously owned houses in Tokyo are reported by REINS Kinki Nihon, which is the regional multiple listing service for the Kinki region.

For July to September 2020, the average sales price for a previously owned detached house in Osaka was:

• Osaka (prefecture): ¥18,570,000 (+2.8% YoY)
• Osaka (city): ¥21,550,000 (+11.4% YoY)
• Average of cities in northern Osaka prefecture: ¥26,110,000 (+1.4% YoY)
  • Ikeda, Mino, Toyonaka, Suita, Settsu, Ibaraki, Takatsuki, Mishima-gun, Toyono-gun
• Average of cities in eastern Osaka prefecture: ¥14,670,000 (+2.2% YoY)
  • Kadoma, Moriguchi, Hirakata, Neyagawa, Katano, Daito, Shijonawate, Higashi Osaka, Yao, Kashiwara
• Average of cities in southern Osaka prefecture: ¥15,760,000 (-1.1% YoY)
  • Takaishi, Kawachi Nagano, Matsubara, Habikino, Fujidera, Tondabayashi, Osakasayama, Minamikawachi-gun, Kishiwada, Izumiotsu, Kaizuka, Izumiotsu, Izumisano, Izumi, Sennan, Senboku-gun, Sennan-gun

Purchase fees and taxes

You should also factor in purchase fees and taxes to the total cost:

At the time of signing the Purchase and Sale Agreement: Down payment (in most cases 10% to 20% of purchase price), miscellaneous expenses (roughly 1.7% of purchase price)

At or by the time of closing (handover of keys): Remainder of purchase price (purchase price minus down payment), miscellaneous expenses (roughly 6-10% of purchase price)

• Agent Fees: Generally 3.24% of purchase price + 64,800JJPY (this is the upper legal limit). One half of the agent fee is usually paid at the time of signing the purchase and sale agreement, with the balance due at closing.

1-2 years after purchase: Payment of Real Estate Acquisition Tax (varies depending on the property)

For an in-depth discussion, please see this article: Purchase fees and taxes when buying a house in Japan

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How much does it cost to buy a house in Tokyo? October 2020 Update

Average listing price by ward

Average price of a house in Osaka: Average listing price of a re-sale in Osaka by Ward

Click the links below to see current listings.

Average Listing Price of Resale House in Osaka by Ward Based on prices of listed properties in the last three months (June to August 2020) Source: HOMES
Ward	Average Listing Price in JPY
Abeno	31,740,000
Asahi	28,880,000
Chuo	57,790,000
Fukushima	27,420,000
Higashi Sumiyoshi	29,570,000
Higashinari	22,600,000
Higashiyodogawa	25,330,000
Hirano	20,720,000
Ikuno	18,666,000
Joto	25,450,000
Kita	43,890,000
Konohana	18,860,000
Minato	24,700,000
Miyakojima	26,990,000
Naniwa	36,940,000
Nishi	47,310,000
Nishinari	19,370,000
Nishiyodogawa	25,440,000
Suminoe	21,460,000
Sumiyoshi	24,120,000
Taisho	19,140,000
Tennoji	Insufficient Data
Tsurumi	30,400,000
Yodogawa	29,020,000
Average	28,513,304

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Sources:

Tokyo Kantei, October 2020 Detached house market report (PDF in Japanese)

REINS Kinki Nihon, October 2020 Market Watch (PDF in Japanese)

Lead photo: Osaka Caste and Gokurakubashi Bridge, taken October 2016, via iStock