While apartment prices have kept falling for a fourth week in Gangnam and Seocho in Seoul, they continued to rise on the outskirts of Seoul and in southern Gyeonggi.
According to the weekly apartment price trends for the fifth week of August 2026 (surveyed Aug. 31) that the Korea Real Estate Board (REB) released on the 3rd, apartment sale prices in Seoul rose an average 0.22% from the previous week. The gain had widened for two straight weeks in the third week of August (0.22%) and the fourth week (0.29%) before narrowing again.
The Korea Real Estate Board (REB) said, "Although there were falling transactions from listings adjusted downward at some complexes pushing for redevelopment, Seoul overall rose as contracts were signed mainly for high-demand small to mid-size units, stationside areas, and large complexes."
Gangnam District (-0.41%) and Seocho District (-0.23%), where the property tax burden is heavy due to the tax reform plan, saw sale prices fall, centered on large-scale complexes in Apgujeong and Daechi-dong, and in Banpo and Jamwon-dong. In contrast, the upward trend continued in northern Seoul and outlying areas as end-user demand flocked to stationside and small to mid-size complexes. Seongbuk District (0.54%), Jungnang District (0.52%), Nowon District (0.50%), and Gangseo District (0.45%) recorded relatively high increases.
Gyeonggi (0.19%) saw its gain narrow by 0.04 percentage points from a week earlier, while Yeongtong District in Suwon (0.65%), Jungwon District in Seongnam (0.54%), and Bundang District in Seongnam (0.53%) posted strong increases. Incheon rose 0.01%, and the greater Seoul area as a whole climbed 0.17%.
Non-capital regions showed starkly different temperatures by area. While Jeonbuk (0.09%), Chungbuk (0.05%), Daejeon (0.04%), and Ulsan (0.04%) saw dwellings prices rise, Jeju (-0.07%), Chungnam (-0.04%), Gangwon (-0.02%), and Busan (-0.02%) could not escape a downtrend. Sejong City also continued to fall, coming in at -0.03% as prices dropped mainly for mid-size apartments around Dajeong-dong and Sodam-dong. Of those surveyed, among 182 cities, counties and districts, the number where sale prices rose edged down from 113 last week to 111.
The jeonse market continued its nationwide rise. Both the greater Seoul area (0.18%) and non-capital regions (0.04%) gained, and by city and province, Incheon (0.19%), Gyeonggi in the greater Seoul area (0.16%), Ulsan (0.09%), and Busan (0.06%) showed increases. The number of cities, counties, and districts where jeonse prices went up was 145, up from 143 the previous week.
Jeonse prices in Seoul rose 0.21%. Although some complexes saw transactions at adjusted prices, a persistent shortage of jeonse listings near large complexes or station areas drove a broad uptrend. Districts with strong residential conditions led the gains, including Gangbuk (0.38%), Seongbuk (0.38%), Nowon (0.37%), and Geumcheon (0.37%). In contrast, Gangnam (-0.13%) and Seocho (-0.10%) saw slight declines in jeonse prices due to new move-in supply.
In Incheon, jeonse demand clustered in Seohae District (0.35%), Yeonsu District (0.26%), and Bupyeong District (0.23%), widening the gain. In Gyeonggi Province, some areas such as Icheon City (-0.19%) fell, but jeonse prices climbed sharply centered on well-located large apartment complexes in Gwangmyeong City (0.40%), Bundang District in Seongnam (0.39%), and Uiwang City (0.33%).
Outside the greater Seoul area (0.04%), the four major metropolitan cities rose 0.05%, Sejong City rose 0.06%, Jeonnam-Gwangju rose 0.01%, and the seven provincial regions each rose 0.04%.