In March this year, apartment jeonse prices in Seoul rose for the eighth consecutive month, hitting a record high.
On the 22nd, according to data compiled by the Seoul Metropolitan Government from an analysis of the March 2026 Seoul apartment actual transaction price index trends and apartment transaction statistics published by the Korea Real Estate Board (REB), Seoul apartment jeonse actual transaction prices in March rose 1.36% from the previous month. This is a record high since 2014.
By region, the northeastern area, which includes Nowon, Dobong, and Gangbuk districts, saw the highest increase at 2.14%, followed by the northwestern area, including Mapo, Seodaemun, and Eunpyeong districts (1.24%), the southeastern area (1.08%), and the southwestern area (1.05%).
In contrast, Seoul apartment sales actual transaction prices fell 0.28% from the previous month. After gains since August last year (-0.13%), they declined for the first time in seven months. With the end of the capital gains tax heavy taxation deferral approaching on May 9, multiple-home owners and high-priced home owners reportedly listed apartments as urgent sales below market prices, which is analyzed to have weighed on sales prices.
The southeastern area (-3.10%) posted the steepest drop, while the downtown area, including Yongsan, Jongno, and Jung districts, fell 0.46%, and the northwestern area also slipped 0.09%. The northeastern area rose 0.40%, and the southwestern area, which includes Yeongdeungpo, Yangcheon, and Dongjak districts, edged up 0.06%.
By transaction amount, transactions of 1.5 billion won or less accounted for 80.8%, down slightly from the previous month's 83.6% but still above 80%. In transaction volume, Nowon District had the most with 888 cases, followed by Gangseo, Seongbuk, and Guro districts, where mid- to low-priced apartments are concentrated.
Meanwhile, as of the 15th of last month, Seoul apartment sale transaction volume was 6,851, up 25.1% from the previous month.