Korea apartment market: December 2024
Contracts signed in December 2024, compared with November 2024. Generated automatically from official MOLIT transaction data.
South Korea
In December 2024, 27,253 apartment sales were reported in South Korea, down 12.4% from November 2024 (31,117).
The median sale price was ₩307 million, down 1.9% from November 2024.
The median price per m² of exclusive area was ₩4.1 million/m² (-1.7% month on month).
The median jeonse deposit was ₩285 million, up 1.8% from November 2024. 50,025 jeonse and 49,082 monthly-rent leases were reported.
The jeonse ratio was 94.8%, compared with 92.1% in November 2024.
Among provinces with at least 100 sales in both months, sales rose most in Sejong (+10.7%) and fell most in Busan (-20.2%).
| Province | Sales | vs November 2024 | Median price | Median per m² | Per m², month on month |
|---|---|---|---|---|---|
| Seoul | 3,150 | -6.3% | ₩900 million | ₩13.2 million/m² | -2.4% |
| Jeonnam-Gwangju | 2,006 | -17.1% | ₩201 million | ₩2.7 million/m² | -2.1% |
| Busan | 1,703 | -20.2% | ₩344 million | ₩4.5 million/m² | -2.4% |
| Daegu | 1,394 | -18.1% | ₩300 million | ₩3.7 million/m² | -8.6% |
| Incheon | 1,397 | -20.0% | ₩335 million | ₩4.7 million/m² | +0.2% |
| Daejeon | 882 | -18.8% | ₩300 million | ₩4.2 million/m² | -3.3% |
| Ulsan | 909 | -9.2% | ₩292 million | ₩3.8 million/m² | +4.3% |
| Sejong | 269 | +10.7% | ₩488 million | ₩6.5 million/m² | +2.0% |
| Gyeonggi-do | 6,234 | -14.0% | ₩448 million | ₩6.0 million/m² | -0.7% |
| Chungcheongbuk-do | 1,397 | +7.3% | ₩164 million | ₩2.5 million/m² | -3.9% |
| Chungcheongnam-do | 1,601 | -9.5% | ₩190 million | ₩2.5 million/m² | -0.5% |
| Gyeongsangbuk-do | 1,553 | -11.8% | ₩160 million | ₩2.2 million/m² | +1.2% |
| Gyeongsangnam-do | 2,173 | -8.8% | ₩207 million | ₩2.8 million/m² | -3.4% |
| Jeju-do | 176 | -8.8% | ₩309 million | ₩4.3 million/m² | -1.9% |
| Gangwon State | 1,165 | -6.7% | ₩181 million | ₩2.5 million/m² | -4.6% |
| Jeonbuk State | 1,244 | -17.9% | ₩176 million | ₩2.4 million/m² | -3.2% |
Seoul
In December 2024, 3,150 apartment sales were reported in Seoul, down 6.3% from November 2024 (3,362).
The median sale price was ₩900 million, down 5.3% from November 2024.
The median price per m² of exclusive area was ₩13.2 million/m² (-2.4% month on month).
The median jeonse deposit was ₩556 million, up 3.1% from November 2024. 12,107 jeonse and 10,423 monthly-rent leases were reported.
The jeonse ratio was 57.9%, compared with 55.4% in November 2024.
Among Seoul districts with at least 20 sales in both months, the median price per m² rose most in Seocho-gu (+28.0%) and fell most in Gangdong-gu (-12.2%).
| District | Sales | vs November 2024 | Median price | Median per m² | Per m², month on month |
|---|---|---|---|---|---|
| Songpa-gu | 265 | -3.6% | ₩1.82 billion | ₩21.6 million/m² | +7.3% |
| Gangdong-gu | 241 | +51.6% | ₩655 million | ₩12.9 million/m² | -12.2% |
| Nowon-gu | 215 | -24.3% | ₩570 million | ₩9.5 million/m² | -2.1% |
| Seodaemun-gu | 209 | +54.8% | ₩476 million | ₩14.1 million/m² | +16.1% |
| Gangnam-gu | 184 | -23.7% | ₩2.65 billion | ₩28.7 million/m² | -2.3% |
| Seocho-gu | 174 | -7.0% | ₩2.55 billion | ₩28.7 million/m² | +28.0% |
| Yeongdeungpo-gu | 161 | -9.0% | ₩1.02 billion | ₩13.9 million/m² | -3.3% |
| Dongjak-gu | 155 | +19.2% | ₩1.09 billion | ₩15.0 million/m² | +7.0% |
| Gangseo-gu | 143 | -8.3% | ₩720 million | ₩10.9 million/m² | -4.4% |
| Dongdaemun-gu | 140 | -28.9% | ₩740 million | ₩10.7 million/m² | -10.4% |
| Seongdong-gu | 137 | -6.2% | ₩1.33 billion | ₩17.7 million/m² | -0.9% |
| Yangcheon-gu | 137 | -10.5% | ₩1.29 billion | ₩15.5 million/m² | +1.2% |
| Seongbuk-gu | 131 | -9.7% | ₩734 million | ₩10.4 million/m² | -2.2% |
| Mapo-gu | 121 | -19.9% | ₩1.22 billion | ₩17.2 million/m² | -0.2% |
| Guro-gu | 118 | -6.3% | ₩634 million | ₩9.1 million/m² | -4.3% |
| Eunpyeong-gu | 91 | -26.6% | ₩600 million | ₩10.3 million/m² | +3.6% |
| Gwanak-gu | 82 | -8.9% | ₩772 million | ₩10.3 million/m² | -0.8% |
| Jungnang-gu | 81 | -8.0% | ₩593 million | ₩8.8 million/m² | +1.1% |
| Dobong-gu | 81 | +2.5% | ₩520 million | ₩7.2 million/m² | -0.8% |
| Gwangjin-gu | 71 | +0.0% | ₩1.19 billion | ₩16.2 million/m² | -2.6% |
| Jung-gu | 60 | +22.4% | ₩1.03 billion | ₩14.7 million/m² | +3.6% |
| Yongsan-gu | 50 | -31.5% | ₩1.74 billion | ₩20.2 million/m² | -6.2% |
| Gangbuk-gu | 43 | -8.5% | ₩609 million | ₩9.6 million/m² | +6.4% |
| Geumcheon-gu | 43 | +2.4% | ₩599 million | ₩7.5 million/m² | -10.8% |
| Jongno-gu | 17 | -54.1% | ₩929 million | ₩10.9 million/m² | – |
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.