Korea apartment market: November 2024
Contracts signed in November 2024, compared with October 2024. Generated automatically from official MOLIT transaction data.
South Korea
In November 2024, 31,117 apartment sales were reported in South Korea, down 18.1% from October 2024 (38,015).
The median sale price was ₩313 million, down 2.2% from October 2024.
The median price per m² of exclusive area was ₩4.2 million/m² (+0.0% month on month).
The median jeonse deposit was ₩280 million, unchanged from October 2024. 48,661 jeonse and 43,808 monthly-rent leases were reported.
The jeonse ratio was 92.1%, compared with 92.7% in October 2024.
Among provinces with at least 100 sales in both months, sales fell most in Sejong (-34.0%).
| Province | Sales | vs October 2024 | Median price | Median per m² | Per m², month on month |
|---|---|---|---|---|---|
| Seoul | 3,362 | -9.7% | ₩950 million | ₩13.5 million/m² | +6.1% |
| Jeonnam-Gwangju | 2,421 | -13.9% | ₩208 million | ₩2.8 million/m² | -2.7% |
| Busan | 2,134 | -18.3% | ₩344 million | ₩4.6 million/m² | -2.5% |
| Daegu | 1,703 | -13.2% | ₩315 million | ₩4.0 million/m² | +5.2% |
| Incheon | 1,747 | -21.4% | ₩335 million | ₩4.7 million/m² | +1.6% |
| Daejeon | 1,086 | -16.8% | ₩295 million | ₩4.3 million/m² | +1.2% |
| Ulsan | 1,001 | -17.1% | ₩285 million | ₩3.7 million/m² | -4.2% |
| Sejong | 243 | -34.0% | ₩472 million | ₩6.4 million/m² | -3.2% |
| Gyeonggi-do | 7,249 | -22.6% | ₩445 million | ₩6.0 million/m² | -0.5% |
| Chungcheongbuk-do | 1,302 | -22.9% | ₩183 million | ₩2.6 million/m² | +1.9% |
| Chungcheongnam-do | 1,770 | -21.0% | ₩185 million | ₩2.5 million/m² | +3.1% |
| Gyeongsangbuk-do | 1,760 | -15.4% | ₩160 million | ₩2.2 million/m² | +1.3% |
| Gyeongsangnam-do | 2,383 | -17.1% | ₩212 million | ₩2.9 million/m² | +0.3% |
| Jeju-do | 193 | -24.6% | ₩340 million | ₩4.4 million/m² | +5.8% |
| Gangwon State | 1,248 | -19.3% | ₩182 million | ₩2.6 million/m² | -4.7% |
| Jeonbuk State | 1,515 | -13.5% | ₩177 million | ₩2.5 million/m² | -0.6% |
Seoul
In November 2024, 3,362 apartment sales were reported in Seoul, down 9.7% from October 2024 (3,723).
The median sale price was ₩950 million, up 2.2% from October 2024.
The median price per m² of exclusive area was ₩13.5 million/m² (+6.1% month on month).
The median jeonse deposit was ₩540 million, up 1.9% from October 2024. 11,133 jeonse and 9,387 monthly-rent leases were reported.
The jeonse ratio was 55.4%, compared with 58.2% in October 2024.
Among Seoul districts with at least 20 sales in both months, the median price per m² rose most in Yangcheon-gu (+21.9%) and fell most in Yongsan-gu (-10.9%).
| District | Sales | vs October 2024 | Median price | Median per m² | Per m², month on month |
|---|---|---|---|---|---|
| Nowon-gu | 284 | +6.0% | ₩518 million | ₩9.7 million/m² | +3.9% |
| Songpa-gu | 275 | +10.9% | ₩1.80 billion | ₩20.2 million/m² | +7.0% |
| Gangnam-gu | 241 | -16.3% | ₩2.32 billion | ₩29.3 million/m² | -3.5% |
| Dongdaemun-gu | 197 | +35.9% | ₩630 million | ₩12.0 million/m² | +13.4% |
| Seocho-gu | 187 | -7.4% | ₩2.12 billion | ₩22.4 million/m² | -8.5% |
| Yeongdeungpo-gu | 177 | -11.9% | ₩1.07 billion | ₩14.4 million/m² | +0.8% |
| Gangdong-gu | 159 | -20.1% | ₩1.05 billion | ₩14.6 million/m² | +7.3% |
| Gangseo-gu | 156 | -17.9% | ₩805 million | ₩11.4 million/m² | +2.2% |
| Yangcheon-gu | 153 | -6.7% | ₩1.30 billion | ₩15.3 million/m² | +21.9% |
| Mapo-gu | 151 | -1.3% | ₩1.38 billion | ₩17.2 million/m² | +5.9% |
| Seongdong-gu | 146 | -8.8% | ₩1.39 billion | ₩17.8 million/m² | -1.9% |
| Seongbuk-gu | 145 | -30.3% | ₩780 million | ₩10.6 million/m² | +8.3% |
| Seodaemun-gu | 135 | -6.9% | ₩865 million | ₩12.2 million/m² | -0.6% |
| Dongjak-gu | 130 | -19.8% | ₩1.07 billion | ₩14.0 million/m² | +1.6% |
| Guro-gu | 126 | -25.9% | ₩674 million | ₩9.6 million/m² | +0.1% |
| Eunpyeong-gu | 124 | -0.8% | ₩660 million | ₩9.9 million/m² | -6.3% |
| Gwanak-gu | 90 | -3.2% | ₩774 million | ₩10.4 million/m² | +1.2% |
| Jungnang-gu | 88 | -17.8% | ₩600 million | ₩8.7 million/m² | -1.2% |
| Dobong-gu | 79 | -42.3% | ₩500 million | ₩7.2 million/m² | -0.7% |
| Yongsan-gu | 73 | +5.8% | ₩1.80 billion | ₩21.5 million/m² | -10.9% |
| Gwangjin-gu | 71 | +1.4% | ₩1.30 billion | ₩16.7 million/m² | +6.2% |
| Jung-gu | 49 | -23.4% | ₩1.15 billion | ₩14.2 million/m² | -7.8% |
| Gangbuk-gu | 47 | -37.3% | ₩590 million | ₩9.0 million/m² | +8.4% |
| Geumcheon-gu | 42 | -2.3% | ₩518 million | ₩8.5 million/m² | +12.1% |
| Jongno-gu | 37 | +0.0% | ₩1.05 billion | ₩13.8 million/m² | +5.1% |
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.