South Korea: apartment price per square meter by region 2024| ��ƽ��

Average price of apartment purchases in South Korea as of December 2024, by region (in million South Korean won per square meter)

Characteristic	Price in million South Korean won per square meter
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Release date

February 2025

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Region

South Korea

Survey time period

December 2024

Supplementary notes

1,000 South Korean won equals 0.68 U.S. dollars or 0.67 euros as of February 2025.

The source did not provide a date of publication. The release date used here is the access date.

Figures have been rounded.

Citation formats

In December 2024, the average price of an apartment purchase in South Korea was around *** million South Korean won per square meter. The apartment price was highest in Seoul with about **** million won per square meter, almost twice as much as following the province of Gyeonggi with around *** million won per square meter.

The centrality of Seoul

Boasting a population of over nine million people and accounting for a large part of the country’s GDP, the capital city is both economically attractive and notoriously expensive in terms of housing. Going by mean apartment selling prices, Seoul’s southern and southeastern districts of Gangnam and Seocho rank the highest.

Changing trends

For a society which traditionally expected for its younger generations to care for their elders, these norms began to soften up in the country. The first two decades of the century saw the share of one-person households more than double. As the principal age groups that reside in such households are younger people, the country is expected to continue building housing units in the future.