In December 2024, the average price of an apartment purchase in South Korea was around *** million South Korean won per square meter. The apartment price was highest in Seoul with about **** million won per square meter, almost twice as much as following the province of Gyeonggi with around *** million won per square meter.

The centrality of Seoul Boasting a population of over nine million people and accounting for a large part of the country’s GDP, the capital city is both economically attractive and notoriously expensive in terms of housing. Going by mean apartment selling prices, Seoul’s southern and southeastern districts of Gangnam and Seocho rank the highest. Changing trends For a society which traditionally expected for its younger generations to care for their elders, these norms began to soften up in the country. The first two decades of the century saw the share of one-person households more than double. As the principal age groups that reside in such households are younger people, the country is expected to continue building housing units in the future.

In December 2024, the monthly mean purchase price of apartments with over *** square meters in Seoul, South Korea amounted to around **** million South Korean won per square meter. Medium-sized apartments followed at around **** million South Korean won per square meter.

Korea Median Housing Price: Apartments: 6 Large Cities data was reported at 23,991.237 KRW tt in Nov 2018. This records a decrease from the previous number of 24,009.867 KRW tt for Oct 2018. Korea Median Housing Price: Apartments: 6 Large Cities data is updated monthly, averaging 18,283.086 KRW tt from Dec 2008 (Median) to Nov 2018, with 120 observations. The data reached an all-time high of 24,168.057 KRW tt in Sep 2017 and a record low of 12,743.770 KRW tt in Apr 2009. Korea Median Housing Price: Apartments: 6 Large Cities data remains active status in CEIC and is reported by Kookmin Bank. The data is categorized under Global Database’s South Korea – Table KR.EB033: Median Housing Price: Kookmin Bank.

In September 2024, the average purchase price for apartments over *** square meters in South Korea amounted to around *** million South Korean won per square meter. This was a decrease of almost *** million won per square meter from the previous month for apartments of this size.

Apartment price trends In recent years, apartment prices in Korea have experienced a steady rise, driven by factors such as urbanization and economic growth. Seoul, the capital city, documented the highest average apartment price at about **** million won per square meter. The most expensive area to live in Seoul was Gangnam, with an average apartment selling price of around *** billion won. As of 2024, The Penthouse Cheongdam apartment located in Gangnam was considered the most expensive apartment in South Korea. Its transaction value exceeded ** billion won, setting it apart from the second-most expensive apartment by more than ***** billion won. Living in luxury Exclusive districts like Gangnam showcase high-end residences with panoramic city views, luxurious designs, and premium facilities. Over the past five years, there has been a notable increase in the share of luxury apartments in Seoul. More than ** percent of apartments in Seoul with more than *** kitchen and room were valued at over *** million won. According to a survey, Hyundai's "Hillstate" merged as the most preferred brand for apartments, followed by Samsung C&T’s "Raemian" as the second-most popular choice.

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

South Korea Rent Price Index: sa data was reported at 108.443 2015=100 in 2024. This records an increase from the previous number of 108.179 2015=100 for 2023. South Korea Rent Price Index: sa data is updated yearly, averaging 79.293 2015=100 from Dec 1985 (Median) to 2024, with 40 observations. The data reached an all-time high of 108.443 2015=100 in 2024 and a record low of 36.533 2015=100 in 1985. South Korea Rent Price Index: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Annual.

Price to Rent Ratio in South Korea increased to 102.42 in the first quarter of 2025 from 102.15 in the fourth quarter of 2024. This dataset includes a chart with historical data for South Korea Price to Rent Ratio.

Korea (DC) Apartment Price Index: By Region: Seoul data was reported at 159.400 Dec1997=100 in Apr 2003. This records an increase from the previous number of 157.000 Dec1997=100 for Mar 2003. Korea (DC) Apartment Price Index: By Region: Seoul data is updated monthly, averaging 101.450 Dec1997=100 from Mar 1998 (Median) to Apr 2003, with 62 observations. The data reached an all-time high of 159.400 Dec1997=100 in Apr 2003 and a record low of 83.300 Dec1997=100 in Nov 1998. Korea (DC) Apartment Price Index: By Region: Seoul data remains active status in CEIC and is reported by Kookmin Bank. The data is categorized under Global Database’s Korea – Table KR.EB074: Apartment Price & Rental Index (Discontinued).

Graph and download economic data for Residential Property Prices for Republic of Korea (QKRN628BIS) from Q1 1975 to Q1 2025 about Korea, residential, HPI, housing, price index, indexes, and price.

As of January 2025, southeastern Seoul had the highest average selling price for apartments out of the general areas in the South Korean capital. Average apartment selling price stood at over *** billion South Korean won in southeastern Seoul that month.

House Price Index MoM in South Korea increased to 0.10 percent in June from -0.02 percent in May of 2025. This dataset includes a chart with historical data for South Korea House Price Index MoM.

Korea (DC) Apartment Price Index data was reported at 144.100 Dec1997=100 in Nov 2002. This records an increase from the previous number of 143.000 Dec1997=100 for Oct 2002. Korea (DC) Apartment Price Index data is updated monthly, averaging 99.100 Dec1997=100 from Dec 1997 (Median) to Nov 2002, with 60 observations. The data reached an all-time high of 144.100 Dec1997=100 in Nov 2002 and a record low of 83.180 Dec1997=100 in Nov 1998. Korea (DC) Apartment Price Index data remains active status in CEIC and is reported by Kookmin Bank. The data is categorized under Global Database’s Korea – Table KR.EB074: Apartment Price & Rental Index (Discontinued).

Graph and download economic data for Consumer Price Index: OECD Groups: Housing: Housing Excluding Imputed Rentals for Housing for Korea (KORCPGRHO02GPM) from Feb 1990 to Nov 2023 about imputed, Korea, rent, CPI, price index, indexes, and price.

Korea (DC) Apartment Price Index: By Region: Neighbouring City data was reported at 135.200 Dec1997=100 in Apr 2003. This records an increase from the previous number of 134.500 Dec1997=100 for Mar 2003. Korea (DC) Apartment Price Index: By Region: Neighbouring City data is updated monthly, averaging 95.650 Dec1997=100 from Mar 1998 (Median) to Apr 2003, with 62 observations. The data reached an all-time high of 135.200 Dec1997=100 in Apr 2003 and a record low of 82.410 Dec1997=100 in Jul 1998. Korea (DC) Apartment Price Index: By Region: Neighbouring City data remains active status in CEIC and is reported by Kookmin Bank. The data is categorized under Global Database’s Korea – Table KR.EB074: Apartment Price & Rental Index (Discontinued).

Korea (DC) Apartment Price Index: By Size: Under 119 Sq M data was reported at 146.300 Dec1997=100 in Nov 2002. This records an increase from the previous number of 144.900 Dec1997=100 for Oct 2002. Korea (DC) Apartment Price Index: By Size: Under 119 Sq M data is updated monthly, averaging 98.920 Dec1997=100 from Dec 1997 (Median) to Nov 2002, with 60 observations. The data reached an all-time high of 146.300 Dec1997=100 in Nov 2002 and a record low of 82.770 Dec1997=100 in Nov 1998. Korea (DC) Apartment Price Index: By Size: Under 119 Sq M data remains active status in CEIC and is reported by Kookmin Bank. The data is categorized under Global Database’s Korea – Table KR.EB074: Apartment Price & Rental Index (Discontinued).

Average apartment purchase prices in South Korea stood at approximately *********** South Korean won in December 2024. Up to 2021, the mean selling price for apartments in the country had risen continuously, reaching a peak of ************** South Korean won before declining.

This is the monthly trend data on apartment sales prices and average sales prices provided by the Korea Real Estate Board (formerly Korea Appraisal Board) from the National Housing Price Trend Survey.

Korea (DC) Apartment Price Index: By Size: Under 86 Sq M data was reported at 159.500 Dec1997=100 in Nov 2002. This records an increase from the previous number of 159.000 Dec1997=100 for Oct 2002. Korea (DC) Apartment Price Index: By Size: Under 86 Sq M data is updated monthly, averaging 99.800 Dec1997=100 from Dec 1997 (Median) to Nov 2002, with 60 observations. The data reached an all-time high of 159.500 Dec1997=100 in Nov 2002 and a record low of 84.420 Dec1997=100 in Nov 1998. Korea (DC) Apartment Price Index: By Size: Under 86 Sq M data remains active status in CEIC and is reported by Kookmin Bank. The data is categorized under Global Database’s Korea – Table KR.EB074: Apartment Price & Rental Index (Discontinued).

As of June 2024, the mean purchasing price for apartments larger than *** square meters in South Korea amounted to around **** billion South Korean won. According to the source, the average price for apartments of the same size in Seoul was more than twice as high at that time.

As of July 2021, Dobong-gu in Seoul, South Korea, was the district with the highest year-over-year (YoY) apartment price growth, with an increase rate of about ** percent. Nowon-gu and Gangbuk-gu followed with about **** and **** percent YoY growth, respectively.