All 25 Seoul districts post gains for first time in 4 months; median price in Gangnam's 11 districts tops 1.6 billion won for first time; both high-end and mid-to-low-end markets rise
Seoul apartment prices this month returned to positive territory across all 25 districts for the first time in four months, as prices rose in every one of the capital's autonomous districts. Even Gangnam-gu, which had fallen for three consecutive months amid expectations of a resumed capital gains tax surcharge on multi-home owners, bounced back — making Seoul a market where prices are climbing across the board, from luxury to mid- and lower-priced segments. Jeonse prices also surged, posting their highest monthly gain of the year.
Average Seoul apartment price hits 1.58 billion won, rising about 10 million won a month
According to KB's "June National Housing Price Trends" report released Monday, Seoul's apartment sale price index stood at 105.8 (January 2026 = 100) as of June 15 — up 1.1 percent from the previous month's 104.7 and a sharp 5.8 percent jump from the start of the year.
Prices rose in all 25 districts. After the government announced it would resume the capital gains tax surcharge on multi-home owners, Gangnam-gu saw a temporary wave of distressed listings in high-end areas such as Apgujeong. The district's index recorded February 100.6, March 100.4, April 100.1 and May 99.7 — three consecutive months of declines. This month, however, Gangnam-gu prices turned positive again, rising 0.3 percent.
The gains were even sharper north of the Han River. Dongdaemun-gu led all districts with a 2.16 percent monthly increase, nearly double the Seoul average. Seongbuk-gu (1.99 percent), Gwangjin-gu (1.85 percent), Jung-gu (1.8 percent) and Gangbuk-gu (1.55 percent) followed.
The average apartment sale price in Seoul reached 1.58 billion won ($1.03 million), up 11.91 million won from the previous month's 1.57 billion won. Compared with January's 1.52 billion won, prices have risen 61.49 million won over six months — equivalent to roughly 10 million won per month. The average apartment price in the 14 districts north of the Han River stood at 1.16 billion won this month, while the 11 Gangnam districts averaged 1.97 billion won.
The median apartment price in Seoul — the midpoint when all units are ranked by price — also climbed. The median Seoul apartment price reached 1.25 billion won, up 135 million won from January's 1.12 billion won over six months. The median price for apartments in Gangnam's 11 districts hit 1.6 billion won this month, surpassing that threshold for the first time. North of the Han River, the median reached 966.67 million won, putting the 1 billion won mark within reach.
Yun Ji-hae, head of the proptech research lab at HDC Labs, said "high-end complexes in the Gangnam three districts — Gangnam, Seocho and Songpa — and along the Han River belt, which had been suppressed since the start of the year, are beginning to rise again as resistance to lending regulations has built up." He added that "the preference for owning one premium property remains strong, so excess demand, shrinking new supply and locked-up listings are combining to drive sharp price increases."
Ko Jun-seok, a professor at Yonsei University's Sangnam School of Management, offered a similar view. "Even if the government announces supply measures, new supply is inelastic in the short term, so existing listings need to come to market for prices to stabilize — but those listings aren't appearing," he said. "With demand steady and supply absent, prices have no choice but to keep trending upward."
Dongtan's standard 84㎡ unit tops 840 million won; jeonse gains spread to Gyeonggi Province and Incheon
The price surge extended beyond Seoul into major areas of Gyeonggi Province. The monthly rate of change for Gyeonggi apartment sale prices rose 0.65 percent, nearly double the previous month's 0.39 percent. By area, Hwaseong's Dongtan district led with a 4.16 percent gain, followed by Guri (1.96 percent), Gwangmyeong (1.87 percent), Yongin's Suji district (1.87 percent), Seongnam's Sujeong district (1.81 percent), Anyang's Dongan district (1.77 percent) and Suwon's Paldal district (1.73 percent) — most outpacing Seoul's overall gain.
Dongtan's average apartment price per square meter crossed 10 million won for the first time, putting the per-pyeong price at 33.13 million won (1 pyeong equals 3.3 square meters). Based on the standard 84-square-meter exclusive use area, the average price reached 843.19 million won — up 8 percent from 780.27 million won when tracking began in February.
Meanwhile, Greater Seoul apartment prices continued to climb in both the sales and jeonse markets. Seoul's apartment jeonse price rose 1.43 percent from the previous month in June, the highest monthly gain of the year.
The average jeonse price for Seoul apartments reached 696.19 million won, up 4 percent from 669.48 million won in January. Gangnam's 11 districts posted an average jeonse price of 801.93 million won, crossing 800 million won for the first time. The average jeonse price in the districts north of the Han River stood at 579.1 million won.
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