Korea apartment market: January 2025
Contracts signed in January 2025, compared with December 2024. Generated automatically from official MOLIT transaction data.
South Korea
In January 2025, 26,594 apartment sales were reported in South Korea, down 2.4% from December 2024 (27,253).
The median sale price was ₩318 million, up 3.6% from December 2024.
The median price per m² of exclusive area was ₩4.2 million/m² (+2.4% month on month).
The median jeonse deposit was ₩286 million, up 0.4% from December 2024. 50,211 jeonse and 40,429 monthly-rent leases were reported.
The jeonse ratio was 91.5%, compared with 94.8% in December 2024.
Among provinces with at least 100 sales in both months, sales rose most in Seoul (+6.2%) and fell most in Jeju-do (-19.9%).
| Province | Sales | vs December 2024 | Median price | Median per m² | Per m², month on month |
|---|---|---|---|---|---|
| Seoul | 3,345 | +6.2% | ₩1.00 billion | ₩14.0 million/m² | +6.3% |
| Jeonnam-Gwangju | 1,930 | -3.8% | ₩220 million | ₩2.9 million/m² | +7.7% |
| Busan | 1,589 | -6.7% | ₩328 million | ₩4.4 million/m² | -1.9% |
| Daegu | 1,308 | -6.2% | ₩310 million | ₩3.8 million/m² | +5.0% |
| Incheon | 1,451 | +3.9% | ₩339 million | ₩4.5 million/m² | -4.4% |
| Daejeon | 772 | -12.5% | ₩295 million | ₩4.2 million/m² | -0.4% |
| Ulsan | 881 | -3.1% | ₩287 million | ₩3.8 million/m² | -0.4% |
| Sejong | 276 | +2.6% | ₩464 million | ₩6.3 million/m² | -2.4% |
| Gyeonggi-do | 6,390 | +2.5% | ₩440 million | ₩6.0 million/m² | +0.2% |
| Chungcheongbuk-do | 1,186 | -15.1% | ₩173 million | ₩2.5 million/m² | +0.2% |
| Chungcheongnam-do | 1,449 | -9.5% | ₩196 million | ₩2.5 million/m² | +1.7% |
| Gyeongsangbuk-do | 1,463 | -5.8% | ₩160 million | ₩2.2 million/m² | +0.1% |
| Gyeongsangnam-do | 2,059 | -5.2% | ₩210 million | ₩2.8 million/m² | +1.7% |
| Jeju-do | 141 | -19.9% | ₩300 million | ₩4.0 million/m² | -7.4% |
| Gangwon State | 1,130 | -3.0% | ₩176 million | ₩2.6 million/m² | +3.8% |
| Jeonbuk State | 1,224 | -1.6% | ₩174 million | ₩2.4 million/m² | +0.5% |
Seoul
In January 2025, 3,345 apartment sales were reported in Seoul, up 6.2% from December 2024 (3,150).
The median sale price was ₩1.00 billion, up 11.1% from December 2024.
The median price per m² of exclusive area was ₩14.0 million/m² (+6.3% month on month).
The median jeonse deposit was ₩515 million, down 7.5% from December 2024. 11,743 jeonse and 9,142 monthly-rent leases were reported.
The jeonse ratio was 51.5%, compared with 57.9% in December 2024.
Among Seoul districts with at least 20 sales in both months, the median price per m² rose most in Yongsan-gu (+15.4%) and fell most in Gangbuk-gu (-9.4%).
| District | Sales | vs December 2024 | Median price | Median per m² | Per m², month on month |
|---|---|---|---|---|---|
| Songpa-gu | 321 | +21.1% | ₩1.77 billion | ₩20.4 million/m² | -5.9% |
| Seocho-gu | 209 | +20.1% | ₩2.55 billion | ₩28.3 million/m² | -1.5% |
| Gangnam-gu | 204 | +10.9% | ₩2.39 billion | ₩30.0 million/m² | +4.5% |
| Nowon-gu | 201 | -6.5% | ₩567 million | ₩9.2 million/m² | -3.0% |
| Yeongdeungpo-gu | 186 | +15.5% | ₩1.03 billion | ₩14.5 million/m² | +4.5% |
| Seongbuk-gu | 183 | +39.7% | ₩790 million | ₩10.9 million/m² | +5.4% |
| Gangdong-gu | 180 | -25.3% | ₩1.11 billion | ₩14.8 million/m² | +15.3% |
| Seongdong-gu | 177 | +29.2% | ₩1.35 billion | ₩18.7 million/m² | +5.5% |
| Gangseo-gu | 170 | +18.9% | ₩722 million | ₩11.0 million/m² | +0.9% |
| Mapo-gu | 159 | +31.4% | ₩1.28 billion | ₩18.0 million/m² | +4.6% |
| Dongjak-gu | 152 | -1.9% | ₩1.12 billion | ₩15.7 million/m² | +4.8% |
| Dongdaemun-gu | 144 | +2.9% | ₩782 million | ₩11.7 million/m² | +8.8% |
| Guro-gu | 136 | +15.3% | ₩641 million | ₩9.3 million/m² | +1.7% |
| Seodaemun-gu | 123 | -41.1% | ₩900 million | ₩13.1 million/m² | -7.1% |
| Eunpyeong-gu | 110 | +20.9% | ₩752 million | ₩10.4 million/m² | +0.6% |
| Yangcheon-gu | 100 | -27.0% | ₩1.27 billion | ₩15.5 million/m² | +0.1% |
| Gwangjin-gu | 92 | +29.6% | ₩1.28 billion | ₩16.5 million/m² | +1.8% |
| Gwanak-gu | 90 | +9.8% | ₩755 million | ₩10.5 million/m² | +1.3% |
| Jungnang-gu | 81 | +0.0% | ₩660 million | ₩9.1 million/m² | +3.2% |
| Dobong-gu | 77 | -4.9% | ₩512 million | ₩7.8 million/m² | +8.8% |
| Yongsan-gu | 71 | +42.0% | ₩1.71 billion | ₩23.3 million/m² | +15.4% |
| Jung-gu | 69 | +15.0% | ₩1.04 billion | ₩14.6 million/m² | -0.5% |
| Gangbuk-gu | 49 | +14.0% | ₩610 million | ₩8.7 million/m² | -9.4% |
| Geumcheon-gu | 36 | -16.3% | ₩530 million | ₩8.0 million/m² | +5.7% |
| Jongno-gu | 25 | +47.1% | ₩1.15 billion | ₩13.6 million/m² | – |
Month-on-month price changes are shown only where both months have at least 10 sales (20 for Seoul districts). Medians move with the mix of homes sold.