In 2024, there were just over one million housing transactions in South Korea, up from about the 900,000 seen in the two years prior. The number of housing transactions in South Korea has notably decreased since 2020. Housing in South Korea There are around 23 million housing units and counting for the more than 50 million people living in South Korea. Given the mountainous topography of the peninsula and the imbalance in population density between urban and rural areas, there is limited space for constructing houses. Apartments make up most of the housing in the country as they allow for the vertical stacking of housing units. Housing outside of Seoul Detached houses have become more expensive over the years as people want space in Seoul and the surrounding areas. Many people who can afford to commute have purchased houses in the South Korean province of Gyeonggi, which is just outside the Seoul metropolitan area. The island of Jeju, below the southern coast, is also a popular holiday and retirement destination. Far less dense than the capital, detached houses constitute the highest number of housing units on the island.

Housing Index in South Korea remained unchanged at 93 points in May. This dataset provides - South Korea House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

As of December 2024, the mean purchase price of housing in Seoul, South Korea, amounted to around 866 million South Korean won. The average price of detached houses amounted to around 1.14 billion won while the price of apartments was about 1.13 billion South Korean won. Apartments in South Korea Among all housing types, apartments are the most expensive, costing more than one billion South Korean won on average. Living in apartments is typical for Seoul, as an increasing number of citizens move towards the city, causing high population density. As of 2022, more than 40 percent of all households were living in apartments, excluding alternative housing, such as officetels or goshiwons. Gangnam Style Based on the average selling price of apartments in Seoul, Gangnam is the most expensive area in Seoul to live in, with an average sales price of around 2.38 billion South Korean won. The area became internationally known due to the viral YouTube hit Gangnam Style by South Korean artist PSY. Since Gangnam is known for its wealthy citizens, the song was inspired by their mannerisms.

Korea HAI: Detached Houses: Seoul Metropolitan Area data was reported at 61.981 NA in Mar 2018. This records a decrease from the previous number of 62.341 NA for Feb 2018. Korea HAI: Detached Houses: Seoul Metropolitan Area data is updated monthly, averaging 63.610 NA from Dec 2008 (Median) to Mar 2018, with 112 observations. The data reached an all-time high of 73.153 NA in Mar 2015 and a record low of 44.316 NA in Dec 2008. Korea HAI: Detached Houses: Seoul Metropolitan Area data remains active status in CEIC and is reported by Kookmin Bank. The data is categorized under Global Database’s Korea – Table KR.EB042: Housing Affordability Index.

Graph and download economic data for Real Residential Property Prices for Republic of Korea (QKRR628BIS) from Q1 1975 to Q4 2024 about Korea, residential, HPI, housing, real, price index, indexes, and price.

In December 2024, the mean purchase price of housing in South Korea amounted to around 400 million South Korean won. The mean purchase price of housing in Seoul was higher than any other city or province, standing at around 866 million South Korean won.

This dataset was generated for analyzing the economic impacts of subway networks on housing prices in metropolitan areas. The provision of transit networks and accompanying improvement in accessibility induce various impacts and we focused on the economic impacts realized through housing prices. As a proxy of housing price, we consider the price of condominiums, the dominant housing type in South Korea. Although our focus is transit accessibility and housing prices, the presented dataset is applicable to other studies. In particular, it provides a wide range of variables closely related to housing price, including housing properties, local amenities, local demographic characteristics, and control variables for the seasonality. Many of these variables were scientifically generated by our research team. Various distance variables were constructed in a geographic information system environment based on public data and they are useful not only for exploring environmental impacts on housing prices, but also for other statistical analyses in regard to real estate and social science research. The four metropolitan areas covered by the data—Busan, Daegu, Daejeon, and Gwangju—are independent of the transit systems of Greater Seoul, providing accurate information on the metropolitan structure separate from the capital city.

Korea Median Housing Price: Apartments: Seoul Metropolitan Area data was reported at 46,353.002 KRW tt in Jun 2018. This records an increase from the previous number of 46,248.752 KRW tt for May 2018. Korea Median Housing Price: Apartments: Seoul Metropolitan Area data is updated monthly, averaging 34,501.214 KRW tt from Dec 2008 (Median) to Jun 2018, with 115 observations. The data reached an all-time high of 46,353.002 KRW tt in Jun 2018 and a record low of 32,223.738 KRW tt in Sep 2013. Korea Median Housing Price: Apartments: Seoul Metropolitan Area data remains active status in CEIC and is reported by Kookmin Bank. The data is categorized under Global Database’s Korea – Table KR.EB033: Median Housing Price: Kookmin Bank.

HMCSI: Non Metropolitan Area data was reported at 92.900 Index in Jun 2018. This records a decrease from the previous number of 94.500 Index for May 2018. HMCSI: Non Metropolitan Area data is updated monthly, averaging 117.300 Index from Jul 2011 (Median) to Jun 2018, with 84 observations. The data reached an all-time high of 140.000 Index in Aug 2011 and a record low of 92.900 Index in Jun 2018. HMCSI: Non Metropolitan Area data remains active status in CEIC and is reported by Statistics Korea. The data is categorized under Global Database’s Korea – Table KR.EB073: Housing Market Consumer Sentiment Index.

HAI: Apartments: Seoul Metropolitan Area data was reported at 74.103 NA in Sep 2018. This records an increase from the previous number of 73.642 NA for Aug 2018. HAI: Apartments: Seoul Metropolitan Area data is updated monthly, averaging 81.797 NA from Dec 2008 (Median) to Sep 2018, with 118 observations. The data reached an all-time high of 100.173 NA in Mar 2015 and a record low of 54.067 NA in Dec 2008. HAI: Apartments: Seoul Metropolitan Area data remains active status in CEIC and is reported by Kookmin Bank. The data is categorized under Global Database’s South Korea – Table KR.EB042: Housing Affordability Index.

In 2024, the South Korean province of Gyeonggi recorded the highest number of housing purchase transactions in the country, with over 169,000 buildings transacted. This was less than half the number of transactions compared to the previous year.

Korea HMCSI: Non Metropolitan Area: Gwangju data was reported at 115.300 Index in Jun 2018. This records an increase from the previous number of 114.700 Index for May 2018. Korea HMCSI: Non Metropolitan Area: Gwangju data is updated monthly, averaging 120.800 Index from Jul 2011 (Median) to Jun 2018, with 84 observations. The data reached an all-time high of 145.400 Index in Aug 2011 and a record low of 105.100 Index in Jan 2017. Korea HMCSI: Non Metropolitan Area: Gwangju data remains active status in CEIC and is reported by Statistics Korea. The data is categorized under Global Database’s Korea – Table KR.EB073: Housing Market Consumer Sentiment Index.

Most dwellings in Korea were apartments, accounting for around 65 percent of all housing types. Detached houses were the next most popular housing type. Living in detached houses has become a trendy option for a comfortable and environmentally friendly lifestyle. Apartments in South KoreaThere are three main types of houses in Korea: high-rise apartments, detached houses, and row houses. Apartments are the most common form of housing in Korea. Apartments are usually buildings with five to 20 stories, but there are a few areas where even taller buildings are permitted. 'Doosan We've the Zenith' is an 80-story apartment building located in Haeundae, Busan and was the tallest apartment building in Korea at the time it was built. South Koreans prefer living in an apartment as residential environments, such as shopping centers and sports facilities, are conveniently built around apartment complexes. A surge in housing pricesThe Korean government has announced various policies to stabilize the housing market. In particular, the government has tried to limit the skyrocketing price of the housing market in Seoul. These actions also had led investors in Seoul to turn their attention to other provinces, and housing prices in some regions such as Sejong and Daejeon had increased accordingly. However, this has changed in recent years as in a survey conducted in 2023, most respondents said housing prices would go down in the future.

Residential Property Prices in South Korea decreased 0.11 percent in December of 2024 over the same month in the previous year. This dataset includes a chart with historical data for South Korea Residential Property Prices.

This dataset was generated for analyzing the economic impacts of subway networks on housing prices in metropolitan areas. The provision of transit networks and accompanying improvement in accessibility induce various impacts and we focused on the economic impacts realized through housing prices. As a proxy of housing price, we consider the price of condominiums, the dominant housing type in South Korea. Although our focus is transit accessibility and housing prices, the presented dataset is applicable to other studies. In particular, it provides a wide range of variables closely related to housing price, including housing properties, local amenities, local demographic characteristics, and control variables for the seasonality. Many of these variables were scientifically generated by our research team. Various distance variables were constructed in a geographic information system environment based on public data and they are useful not only for exploring environmental impacts on housing prices, but also for other statistical analyses in regard to real estate and social science research. The four metropolitan areas covered by the data—Busan, Daegu, Daejeon, and Gwangju—are independent of the transit systems of Greater Seoul, providing accurate information on the metropolitan structure separate from the capital city.

CPI Housing Utilities in South Korea increased to 116.47 points in May from 116.24 points in April of 2025. This dataset provides - South Korea Cpi Housing Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Korea HMCSI: Non Metropolitan Area: Chungcheongnam-do data was reported at 93.000 Index in Jun 2018. This records an increase from the previous number of 90.500 Index for May 2018. Korea HMCSI: Non Metropolitan Area: Chungcheongnam-do data is updated monthly, averaging 117.000 Index from Jul 2011 (Median) to Jun 2018, with 84 observations. The data reached an all-time high of 141.800 Index in Feb 2014 and a record low of 90.500 Index in May 2018. Korea HMCSI: Non Metropolitan Area: Chungcheongnam-do data remains active status in CEIC and is reported by Statistics Korea. The data is categorized under Global Database’s Korea – Table KR.EB073: Housing Market Consumer Sentiment Index.

House price index in South Korea, December, 2024 The most recent value is 142.7 index points as of Q4 2024, an increase compared to the previous value of 142.34 index points. Historically, the average for South Korea from Q1 1990 to Q4 2024 is 93.81 index points. The minimum of 57.48 index points was recorded in Q4 1998, while the maximum of 154.12 index points was reached in Q2 2022. | TheGlobalEconomy.com

As of the first quarter of 2024, Seoul's housing affordability index was the highest among all cities and provinces in South Korea at 151. It was followed by Sejong and Gyeonggi at around 100 and 82, respectively.

Korea HMCSI: Non Metropolitan Area: Jeollabuk-do data was reported at 93.000 Index in Jun 2018. This records a decrease from the previous number of 96.300 Index for May 2018. Korea HMCSI: Non Metropolitan Area: Jeollabuk-do data is updated monthly, averaging 113.400 Index from Jul 2011 (Median) to Jun 2018, with 84 observations. The data reached an all-time high of 139.800 Index in Aug 2011 and a record low of 93.000 Index in Jun 2018. Korea HMCSI: Non Metropolitan Area: Jeollabuk-do data remains active status in CEIC and is reported by Statistics Korea. The data is categorized under Global Database’s Korea – Table KR.EB073: Housing Market Consumer Sentiment Index.