Seoul Weekly Apartment Price Gains Expand... 31 Consecutive Weeks of Increases [Real Estate AtoZ]

Seoul Sale Prices Continue Upward Trend in Fourth Week of August
Ulsan and Sejong Up 0.06%, Gyeonggi Province Rises 0.02%
Buyer-Seller Index Also Increases: Seoul Up 6.4 Points, Gyeonggi Up 0.7 Points

The increase in Seoul apartment sale prices expanded compared to the previous week. Buyer sentiment in Seoul also rebounded slightly from the previous week.

Photo of an apartment complex in Mapo District viewed from Namsan, Seoul. 2025.06.27 Photo by Dongju Yoon

According to the Weekly KB Apartment Market Trends for the 4th week of August released by KB Real Estate on August 31, as of the 25th, Seoul apartment sale prices rose by 0.14%. The rate of increase, which had slowed to 0.11% the previous week, expanded again, reflecting a mixed trend.

The nationwide apartment sale price change rate rose by 0.01%. In the Seoul metropolitan area (0.05%), both Gyeonggi Province (0.02%) and Incheon (0.01%) saw a greater increase than the previous week. Among the five major metropolitan cities (-0.04%), only Ulsan (0.06%) recorded an increase, while Daejeon (-0.02%), Daegu (-0.05%), Busan (-0.06%), and Gwangju (-0.08%) all declined. Other regions (-0.01%) also continued their downward trend.

Mixed Sale Price Trend in Seoul... Strength in Songpa and Yongsan Due to Pre-Regulation Contracts

Seoul apartment sale prices have risen for 31 consecutive weeks. Although the upward trend slowed after the June 27 loan regulation announcement, the rate of increase fluctuated week by week, rising 0.13% in the second week of August, 0.11% in the third week, and 0.14% this week. The weekly sale price change rates since July were as follows: July 7, 0.28%; July 14, 0.24%; July 21, 0.19%; July 28, 0.16%; August 4, 0.11%; August 11, 0.13%; August 18, 0.11%; and August 25, 0.14%.

By district, Songpa (0.28%), Yongsan (0.27%), Jung (0.21%), Yeongdeungpo (0.20%), and Gangnam (0.19%) recorded the highest increases. No districts in Seoul experienced a decline this week. In Songpa and Yongsan, although transaction volume has decreased and there are few purchase inquiries since the loan regulations, sale prices remain strong as contracts made before the regulations are being reflected with a time lag. Overall, the Seoul market is in a wait-and-see mode due to the loan regulations and the summer off-season.

The Seoul Buyer Sentiment Index rose to 56.8, up 6.4 points from last week’s 50.4. The 14 districts in northern Seoul (51.3) increased by 7.1 points, and the 11 districts in southern Seoul (61.7) rose by 5.7 points compared to the previous week. The index had risen slightly in the second week of August (51.8), then fell last week (50.4), and rebounded again this week. However, since the index remains below the baseline of 100, buyer sentiment is still subdued.

Apartment Sale Price Index Change Rate Nationwide for the 4th Week of August (As of the 25th). Provided by KB Real Estate

Gyeonggi Province Rises for Third Week... Larger Increases in Sujeong and Bundang Districts of Seongnam

Gyeonggi apartment sale prices have been rising for three consecutive weeks since the second week of August: August 11, 0.01%; August 18, 0.01%; and August 25, 0.02%. Seongnam Sujeong District (0.27%), Seongnam Bundang District (0.27%), Gwangmyeong (0.24%), Hanam (0.24%), Seongnam Jungwon District (0.18%), and Yongin Suji District (0.18%) all recorded increases. In contrast, Dongducheon (-0.17%), Gimpo (-0.14%), Pyeongtaek (-0.12%), Anseong (-0.09%), and Osan (-0.09%) saw declines.

Incheon (0.01%) rebounded after three consecutive weeks of decline since the first week of August. By district, Michuhol (0.04%), Bupyeong (0.03%), and Seo (0.01%) increased, while Jung (0.00%), Dong (0.00%), Namdong (0.00%), and Yeonsu (0.00%) remained unchanged, and Gyeyang (-0.02%) declined.

The nationwide apartment sale price change rate increased compared to last week (as of the 18th, 0.00%), but has remained in a stable range since the last week of July. Excluding Incheon, apartment prices in the five major metropolitan cities (-0.04%) are on a downward trend. Only Ulsan (0.06%) saw a greater increase than the previous week, marking 26 consecutive weeks of gains.

Daejeon (-0.02%), Daegu (-0.05%), Busan (-0.06%), and Gwangju (-0.08%) all declined. Other regions (-0.01%) have fallen for seven consecutive weeks. By region, North Jeolla (0.02%), North Chungcheong (0.01%), and South Gyeongsang (0.01%) increased, while South Jeolla (-0.01%), South Chungcheong (-0.02%), North Gyeongsang (-0.03%), and Gangwon (-0.05%) declined.

The nationwide Buyer Sentiment Index was 33.7, up 0.9 points from last week’s 32.8. Since the June 27 household debt management measures were implemented, buyer sentiment has been subdued, resulting in a wait-and-see attitude. In the Seoul metropolitan area (40.2), Gyeonggi Province (34.3) rose by 0.7 points compared to last week, but Incheon (29.4) fell by 3.3 points. The five major metropolitan cities (21.8) dropped by 0.1 points, remaining at a similar level to last week. Only Ulsan (40.7) declined compared to last week, while Daejeon (31.2), Daegu (21.8), Busan (16.0), and Gwangju (12.0) saw slight increases.

Jeonse Prices Rise Across All Metropolitan Areas

Apartment Jeonse Price Index Change Rate Nationwide for the 4th Week of August (As of the 25th). Provided by KB Real Estate

Nationwide apartment jeonse prices rose by 0.02%, marking 25 consecutive weeks of increases. In the Seoul metropolitan area (0.04%), jeonse prices increased in Seoul (0.06%), Gyeonggi Province (0.03%), and Incheon (0.01%). The five major metropolitan cities (0.00%) turned upward after two consecutive weeks of increases. Ulsan (0.05%) and Busan (0.02%) recorded increases, while Gwangju (-0.01%), Daegu (-0.01%), and Daejeon (-0.05%) declined. Jeonse prices in other regions remained unchanged at 0.00%. By region, North Chungcheong (0.03%) and South Gyeongsang (0.02%) increased, North Jeolla (0.00%) and South Jeolla (0.00%) remained unchanged, and Gangwon (-0.01%), South Chungcheong (-0.02%), and North Gyeongsang (-0.04%) declined.

Seoul (0.06%) apartment jeonse prices have risen for 29 consecutive weeks. The rate of increase was slightly lower than last week’s 0.07% and has been slowing for three weeks. By district, Gwangjin (0.23%), Gangdong (0.18%), Gangbuk (0.16%), Songpa (0.15%), and Yongsan (0.14%) recorded increases. Only Seocho (-0.02%) declined.

In Gwangjin District, a shortage of jeonse listings led to higher prices, and as preferred properties with Han River views saw price hikes, landlords of general listings also raised their prices. In Seocho District, the move-in of Maple Xi in Jamwon-dong caused jeonse prices to weaken in surrounding areas. Seocho has declined for seven consecutive weeks, though this week’s drop was slightly less than last week’s (-0.08%).

Gyeonggi apartment jeonse prices rose by 0.03% compared to last week, marking 31 consecutive weeks of increases. Seongnam Sujeong District (0.26%), Gunpo (0.23%), Seongnam Jungwon District (0.19%), Anyang Manan District (0.15%), and Suwon Paldal District (0.15%) recorded increases. In contrast, Pyeongtaek (-0.06%), Goyang Deogyang District (-0.05%), Ansan Sangnok District (-0.03%), and Siheung (-0.03%) declined. In Pyeongtaek, the influx of large apartment complexes in Goduk and Hwayang Districts during July and August led to an accumulation of jeonse listings and weaker prices.

Incheon (0.01%) showed an upward trend for the second consecutive week. Seo District (0.04%), Bupyeong (0.03%), and Michuhol (0.01%) increased, while Jung (0.00%), Namdong (0.00%), Gyeyang (0.00%), and Dong (0.00%) remained unchanged, and Yeonsu (-0.04%) declined.