As of 2026 Q1, the average Seoul apartment sells for about ₩1.2B (≈ $870K) — roughly ₩45M per pyeong (3.3㎡), 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 is roughly ₩650 million, about half the Seoul figure. The table below shows live median asking prices across 115 active Seoul Homes listings, updated daily.
Listing data last updated 2026-07-04.
Seoul apartment — average sale price
₩1.2B
≈ $870K
KB부동산 월간 주택가격동향 · 2026 Q1 (approx.)
Seoul apartment — average jeonse (lump-sum lease) deposit
₩620M
≈ $449K
KB부동산 월간 주택가격동향 · 2026 Q1 (approx.)
Seoul apartment — average price per pyeong (3.3㎡)
₩45M
≈ $33K
한국부동산원 / KB부동산 · 2026 Q1 (approx.)
Approximate city-wide figures from public sources, for context. Verify against the latest release.
Median values across 6 active Seoul Homes listings. Prices are asking prices, not closed-transaction data.
| District | Median ₩/pyeong (sale) | Median sale price | Median monthly rent | Sale listings |
|---|---|---|---|---|
| All Seoul | ₩59M | ₩1.2B | ₩2M | 6 |
| Mapo-gu | ₩94M | ₩1.4B | ₩1M | 1 |
| Guro-gu | ₩64M | ₩4B | ₩7M | 1 |
| Gangnam-gu | ₩55M | ₩660M | ₩2M | 2 |
| Seocho-gu | ₩53M | ₩1.9B | ₩2M | 2 |
| Yeongdeungpo-gu | — | — | ₩2M | 0 |
| Songpa-gu | — | — | ₩2M | 0 |
| Seodaemun-gu | — | — | ₩1M | 0 |
| Gwangjin-gu | — | — | ₩1M | 0 |
| Yongsan-gu | — | — | ₩5M | 0 |
| Seongdong-gu | — | — | ₩13M | 0 |
| Gangbuk-gu | — | — | ₩2M | 0 |
| Dongdaemun-gu | — | — | ₩2M | 0 |
| Jung-gu | — | — | ₩2M | 0 |
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 ₩1.2 billion as of early 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.
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.
Far less than in Seoul. The national average apartment is roughly ₩650 million as of early 2026 — about half the Seoul average — per KB부동산 and 한국부동산원, and prices fall further 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.
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.
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.
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.
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 ₩45,000,000 per pyeong is roughly ₩13,600,000 per square metre. The price table on this page shows both the per-pyeong figure and the median total price.
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. Seoul Homes lists English-speaking agents who handle foreign-buyer transactions end to end.
