Korea apartment market: October 2024
Contracts signed in October 2024, compared with September 2024. Generated automatically from official MOLIT transaction data.
South Korea
In October 2024, 38,015 apartment sales were reported in South Korea, up 26.9% from September 2024 (29,962).
The median sale price was ₩320 million, unchanged from September 2024.
The median price per m² of exclusive area was ₩4.2 million/m² (-2.0% month on month).
The median jeonse deposit was ₩280 million, up 3.7% from September 2024. 55,022 jeonse and 45,345 monthly-rent leases were reported.
The jeonse ratio was 92.7%, compared with 85.8% in September 2024.
Among provinces with at least 100 sales in both months, sales rose most in Jeju-do (+40.7%).
| Province | Sales | vs September 2024 | Median price | Median per m² | Per m², month on month |
|---|---|---|---|---|---|
| Seoul | 3,723 | +21.2% | ₩930 million | ₩12.7 million/m² | +0.9% |
| Jeonnam-Gwangju | 2,811 | +36.1% | ₩216 million | ₩2.8 million/m² | -2.8% |
| Busan | 2,612 | +32.4% | ₩345 million | ₩4.8 million/m² | +1.2% |
| Daegu | 1,962 | +19.8% | ₩310 million | ₩3.8 million/m² | +2.0% |
| Incheon | 2,223 | +24.3% | ₩345 million | ₩4.6 million/m² | +0.4% |
| Daejeon | 1,306 | +16.1% | ₩320 million | ₩4.3 million/m² | -5.5% |
| Ulsan | 1,207 | +37.3% | ₩297 million | ₩3.8 million/m² | +1.1% |
| Sejong | 368 | +20.7% | ₩488 million | ₩6.6 million/m² | -0.9% |
| Gyeonggi-do | 9,365 | +21.6% | ₩455 million | ₩6.1 million/m² | +1.5% |
| Chungcheongbuk-do | 1,689 | +36.1% | ₩176 million | ₩2.6 million/m² | +0.5% |
| Chungcheongnam-do | 2,240 | +30.5% | ₩183 million | ₩2.4 million/m² | -6.2% |
| Gyeongsangbuk-do | 2,080 | +28.2% | ₩157 million | ₩2.2 million/m² | -1.1% |
| Gyeongsangnam-do | 2,875 | +36.1% | ₩215 million | ₩2.9 million/m² | +3.6% |
| Jeju-do | 256 | +40.7% | ₩275 million | ₩4.2 million/m² | +8.7% |
| Gangwon State | 1,547 | +27.9% | ₩194 million | ₩2.8 million/m² | +5.1% |
| Jeonbuk State | 1,751 | +31.6% | ₩178 million | ₩2.5 million/m² | +8.6% |
Seoul
In October 2024, 3,723 apartment sales were reported in Seoul, up 21.2% from September 2024 (3,071).
The median sale price was ₩930 million, unchanged from September 2024.
The median price per m² of exclusive area was ₩12.7 million/m² (+0.9% month on month).
The median jeonse deposit was ₩530 million, up 5.0% from September 2024. 11,818 jeonse and 8,697 monthly-rent leases were reported.
The jeonse ratio was 58.2%, compared with 56.1% in September 2024.
Among Seoul districts with at least 20 sales in both months, the median price per m² rose most in Jongno-gu (+22.8%) and fell most in Yangcheon-gu (-20.1%).
| District | Sales | vs September 2024 | Median price | Median per m² | Per m², month on month |
|---|---|---|---|---|---|
| Gangnam-gu | 288 | +37.1% | ₩2.44 billion | ₩30.4 million/m² | +9.3% |
| Nowon-gu | 268 | +7.6% | ₩540 million | ₩9.3 million/m² | -0.8% |
| Songpa-gu | 248 | +30.5% | ₩1.60 billion | ₩18.8 million/m² | +0.1% |
| Seongbuk-gu | 208 | +13.0% | ₩756 million | ₩9.8 million/m² | -7.7% |
| Seocho-gu | 202 | +14.1% | ₩2.17 billion | ₩24.5 million/m² | -2.1% |
| Yeongdeungpo-gu | 201 | +1.5% | ₩1.05 billion | ₩14.3 million/m² | -14.7% |
| Gangdong-gu | 199 | +36.3% | ₩985 million | ₩13.6 million/m² | +9.2% |
| Gangseo-gu | 190 | +35.7% | ₩755 million | ₩11.2 million/m² | +2.7% |
| Guro-gu | 170 | +30.8% | ₩655 million | ₩9.6 million/m² | +2.7% |
| Yangcheon-gu | 164 | -6.3% | ₩982 million | ₩12.5 million/m² | -20.1% |
| Dongjak-gu | 162 | +40.9% | ₩1.07 billion | ₩13.8 million/m² | -1.4% |
| Seongdong-gu | 160 | +35.6% | ₩1.39 billion | ₩18.2 million/m² | -6.8% |
| Mapo-gu | 153 | +16.8% | ₩1.20 billion | ₩16.2 million/m² | +3.8% |
| Dongdaemun-gu | 145 | +13.3% | ₩780 million | ₩10.6 million/m² | -3.7% |
| Seodaemun-gu | 145 | +36.8% | ₩844 million | ₩12.2 million/m² | +5.0% |
| Dobong-gu | 137 | +50.5% | ₩535 million | ₩7.3 million/m² | +3.5% |
| Eunpyeong-gu | 125 | -3.1% | ₩743 million | ₩10.6 million/m² | +5.9% |
| Jungnang-gu | 107 | +13.8% | ₩618 million | ₩8.8 million/m² | -0.2% |
| Gwanak-gu | 93 | +12.0% | ₩810 million | ₩10.3 million/m² | -1.7% |
| Gangbuk-gu | 75 | +59.6% | ₩640 million | ₩8.3 million/m² | -1.8% |
| Gwangjin-gu | 70 | +4.5% | ₩1.25 billion | ₩15.7 million/m² | -2.5% |
| Yongsan-gu | 69 | +25.5% | ₩1.95 billion | ₩24.2 million/m² | +2.6% |
| Jung-gu | 64 | +36.2% | ₩1.07 billion | ₩15.4 million/m² | +19.0% |
| Geumcheon-gu | 43 | +26.5% | ₩552 million | ₩7.5 million/m² | -6.3% |
| Jongno-gu | 37 | +37.0% | ₩1.25 billion | ₩13.2 million/m² | +22.8% |
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.