2026 Korea Real Estate Prices: Regional Price per Pyeong Ranking

This draft compares Korean housing prices by region using price per pyeong, or 3.3 square meters, as a practical reading unit. The source date is June 3, 2026 KST. The reference sources are the Ministry of Land, Infrastructure and Transport real transaction disclosure system and Korea Real Estate Board R-ONE statistics. This is not investment advice, not a buying recommendation, and not a promise that any region will rise or fall. Prices vary by region and date, so the figures are for reference only.

National Regional Comparison

Seoul remains the highest-priced market. Core Seoul districts often trade in a range that is several times higher than many provincial cities. Gyeonggi core areas such as Gwacheon, Bundang, Pangyo, Gwanggyo, and parts of Hanam follow Seoul because they combine jobs, transport, schools, and limited supply. Incheon is more mixed: Songdo, Cheongna, and Geomdan can show stronger figures than older outer areas. Busan has a sharp internal split between Haeundae, Suyeong, Dongnae, and lower-demand districts. Sejong remains a special market because administrative demand supports prices, but supply conditions can limit momentum.

Seoul District Ranking

Within Seoul, Gangnam-gu usually leads because of school districts, reconstruction value, high-income demand, and scarce prime land. Seocho-gu follows with Banpo and Jamwon riverside complexes. Yongsan-gu has redevelopment and international business district expectations. Seongdong-gu has become a strong Han River and Seongsu lifestyle market. Songpa-gu is supported by Jamsil, large apartment complexes, schools, and reconstruction expectations. Mapo, Dongjak, Gangdong, Yangcheon, and Yeongdeungpo form the next group depending on station access, redevelopment progress, and new supply.

Capital Region and Provincial Flow

The capital region is not a single market. A station-area new apartment near a job center can move very differently from an older apartment in an outer commuter belt. Provincial markets are also fragmented. Busan, Daejeon, Daegu, Gwangju, and Ulsan each have premium living zones, but many secondary areas are more exposed to population movement, unsold inventory, and local industry cycles. For that reason, a regional ranking should be read together with transaction volume, repeated transactions in the same floor area, jeonse ratio, and upcoming supply.

Why Prices Rise or Fall

The main upward factors are transport confirmation, reconstruction progress, scarce new apartments, school districts, job access, and easier financing conditions. The main downward factors are heavy new supply, weak local employment, low transaction volume, high asking-price gaps, and areas where previous gains were too fast. A reported record price does not necessarily describe the whole district. When volume is thin, one expensive trade can make a ranking look stronger than the actual market.

Taxes in Brief

Acquisition tax is based on purchase price, home count, location, size, and acquisition type, not on price per pyeong alone. Property tax and comprehensive real estate tax depend on official assessed value, ownership status, and tax rules. Capital gains tax depends on holding period, residence conditions, and exemption rules. Useful internal references are https://millionscode.com/tools/real-estate-tax, https://millionscode.com/blog/post-mn6poj3r, https://millionscode.com/blog/2026-studio-apartment-monthly-living-cost-guide-saving-tips, and https://millionscode.com/blog/real-estate-capital-gains-tax-exemption-2-year-residency-requirement.

FAQ

Is this a buying recommendation?

No. It is an educational market comparison based on public transaction and statistical sources.

Why do price per pyeong ranges differ by source?

Transaction timing, unit size, floor, age, reporting delay, and sample method can all change the number.

Which Korean region is usually highest?

Seoul core districts, especially Gangnam, Seocho, Yongsan, Seongdong, and Songpa, usually sit at the top.

How should taxes be checked?

Acquisition tax, property tax, and capital gains tax should be calculated separately from market price.

Can one high transaction represent a district?

No. A single reported deal can distort the average when transaction volume is thin.

What is the source date?

The draft references public data checked on June 3, 2026 KST.