A polarization was found in the major Seoul metropolitan area studio and low-rise apartment (row houses and multi-family) market. In Seongnam's Pangyo, studio and low-rise apartment sale prices averaged over 800 million won, but in Gwangmyeong, Gyeonggi Province, they were in the 200 million won range.
On the 18th, according to an analysis by the real estate actual transaction data platform "Jippoom" of actual transaction prices for studios and low-rise apartments in Pangyo, Gwanggyo, Dongtan, Hanam Misa, and Gwangmyeong—areas close to workplaces and near new towns—the average sale price in these areas was 500 million won, the average jeonse price was about 320 million won, and the average monthly rent was about 1.16 million won.
By region, the average sale price in Pangyo was 810 million won, 62% higher than the five-area average sale price. In contrast, Gwangmyeong was 250 million won, forming a price about 50% lower than the overall average.
For average jeonse as well, Pangyo was 460 million won, about 44% above the overall average (about 320 million won), while Gwangmyeong stayed at 180 million won, about 44% below the average. On a monthly rent conversion basis, Pangyo was 1.7 million won, about 47% higher than the average, and Gwangmyeong was 650,000 won, about 44% lower than the average.
Jippoom analyzed, "Across all indicators—sales, jeonse, and monthly rent—a price band is formed with Pangyo at the peak, followed by Gwanggyo, Hanam Misa, Dongtan, and Gwangmyeong, showing clearly delineated price tiers by region even within the Seoul metropolitan studio and low-rise apartment market."
A Jippoom official said, "Rather than being in a short-term price-adjustment phase, the Seoul metropolitan studio and low-rise apartment market is continuing a trend in which the actual transaction price bands formed by region are maintained," adding, "Even within the same metropolitan area, a structure is evident in which sale, jeonse, and monthly rent price tiers diverge clearly depending on urban maturity and supply structures."