Average Home Price in Seoul, 2026 (by District)
As of 2026 Q3, the average Seoul apartment sells for about ₩1.6B (≈ $1.2M), according to KB부동산. Prices vary sharply by district: Gangnam, Seocho, and Yongsan sit well above the city average, while northern and outer gu run markedly lower. Outside Seoul, prices fall sharply — the national average apartment costs far less than the Seoul figure. The table below shows live median asking prices across 229 active Seoul Homes listings, updated daily.
Listing data last updated 2026-10-13.
Written by James Chae — Co-Founder, Expert Sapiens
Platform expertise: Real estate advisory · Reviewed October 2026
Seoul market at a glance
Seoul apartment — average sale price
₩1.6B
≈ $1.2M
KB부동산 월간 주택가격동향 · 2026 Q3 (approx.)
Seoul apartment — average jeonse (lump-sum lease) deposit
₩720M
≈ $540K
KB부동산 월간 주택가격동향 · 2026 Q3 (approx.)
Approximate city-wide figures from public sources, for context. Verify against the latest release.
Convert any won amount to your currencySeoul home prices by district
Median values across 22 for-sale listings (of 229 active Seoul Homes listings). Prices are asking prices, not closed-transaction data. This is a smaller, live sample of our own inventory and will differ from the citywide KB부동산 benchmark above — treat it as a snapshot of what's on Seoul Homes right now, not a replacement for the citywide figure.
| District | Median ₩/pyeong (sale) | Median sale price | Median monthly rent | Median short-term rent | Sale listings |
|---|---|---|---|---|---|
| All Seoul | ₩106M | ₩1.9B | ₩4M | ₩2.3M | 22 |
| Gangnam-gu | ₩128M | ₩1.9B | ₩5M | ₩1.8M | 8 |
| Yongsan-gu | ₩109M | ₩2B | ₩8.5M | ₩6M | 2 |
| Seocho-gu | ₩102M | ₩1.8B | ₩3.8M | ₩2M | 10 |
| Mapo-gu | ₩94M | ₩1.4B | ₩1.3M | — | 1 |
| Seongdong-gu | — | — | ₩4M | — | 0 |
| Dongdaemun-gu | — | — | ₩4M | — | 0 |
| Seodaemun-gu | — | — | ₩6M | — | 0 |
| Jung-gu | — | — | ₩2.8M | ₩2.9M | 0 |
| Jongno-gu | — | ₩3.6B | ₩4.5M | — | 1 |
| Geumcheon-gu | — | — | ₩1.8M | — | 0 |
| Songpa-gu | — | — | ₩35M | ₩1.8M | 0 |
| Eunpyeong-gu | — | — | ₩3M | — | 0 |
| Gangbuk-gu | — | — | ₩1.7M | — | 0 |
| Gangdong-gu | — | — | ₩3.5M | ₩1.2M | 0 |
Frequently asked questions
What is the average home price in Seoul?
It depends heavily on the district and property type. Across current Seoul Homes sale listings, the median asking price and the median price per pyeong (3.3㎡) are shown in the table below, broken down by gu (district). For city-wide context, KB부동산 puts the average Seoul apartment sale price at roughly ₩1.6 billion as of September 2026. Central and southern districts such as Gangnam-gu, Seocho-gu and Yongsan-gu sit well above that average, while northern and outer districts are markedly lower.
How much does a house or apartment cost in Seoul?
For a like-for-like comparison, price per pyeong is the most useful metric because unit sizes vary. The table below lists the median price per pyeong for each Seoul district from live listings. As a rough guide, a mid-sized apartment in a premium district like Gangnam can exceed ₩2–3 billion, while a comparable unit in an outer district may be a fraction of that. Officetels and smaller studio units start considerably lower.
How much is a house in South Korea (outside Seoul)?
Far less than in Seoul, and prices fall further still outside the major metros. Note that for most buyers a "house" in Korea means an apartment (아파트); detached houses (단독주택) are less common and priced separately. This page focuses on Seoul, so ask a verified agent for current figures in a specific city or province.
Why do listings for "houses in Korea" show apartments?
In Korea most homes are apartments (아파트) in managed high-rise complexes, so a search for "houses" usually surfaces apartments. The main types are 아파트 (apartment), 오피스텔 (officetel — a compact studio or one-bedroom), 빌라/연립 (low-rise villa) and 단독주택 (detached house). Foreigners most often buy apartments and officetels; detached houses are rarer and typically more expensive for the same location.
What are the cheapest places to buy a home in Seoul?
Within Seoul, the lowest price per pyeong is in the northern and outer districts — see the district table to compare. Officetels and studio units are the cheapest entry point in any district. One caveat for overseas buyers: ₩100 million (about $72,000) buys very little in Seoul, though it stretches much further in smaller cities and rural Korea. For the full cost of a purchase beyond the price, see our cost-of-buying guide.
How much is rent in Seoul?
Seoul has two main rental systems. Wolse (월세) is monthly rent, usually paired with a smaller deposit — the median monthly rent across current Seoul Homes listings is shown below. Jeonse (전세) is a large lump-sum deposit (often 50–70% of the property value) with little or no monthly payment, fully refunded at the end of the lease. Foreigners most often use wolse, since jeonse ties up a very large amount of capital.
What is a pyeong, and how do I convert it?
A pyeong (평) is the traditional Korean unit of floor area. One pyeong equals about 3.3 square metres (3.305785㎡). Korean listings and price statistics are usually quoted per pyeong, so a price of ₩50,000,000 per pyeong is roughly ₩15,100,000 per square metre. The price table on this page shows both the per-pyeong figure and the median total price.
Can foreigners buy property in Seoul?
Yes. South Korea places no general restriction on foreigners buying real estate, including apartments, officetels and houses. Non-resident buyers must file a foreign-exchange acquisition report and register the purchase, and financing options differ from those available to residents. Many realtors on Seoul Homes speak English and can handle a foreign buyer's transaction end to end.
How much does a 1-bedroom apartment cost in Seoul?
The purchase price of a small 1-bedroom or studio (roughly 7–10 pyeong / 23–33㎡) varies sharply by district: for a rough figure, multiply its size in pyeong by the district's median price per pyeong in the table above. To rent the same size, expect roughly ₩600,000–₩1,200,000 in monthly rent (wolse) plus a deposit, or a jeonse deposit in the ₩150–250 million range.
How much does an apartment cost in Gangnam?
Gangnam-gu is consistently Seoul's most expensive district. The live table above ranks Gangnam-gu's current median price and price per pyeong from active Seoul Homes listings, updated daily. As a rough anchor, a mid-sized apartment in Gangnam has recently sold for ₩2–3 billion or more, well above the citywide average.