In Seoul, the average sale price of an apartment with a dedicated area of 84㎡, known as the 'national benchmark,' has risen by 25% in a year.

Real estate platform Dabang released an analysis of the average sale price and jeonse deposit for 84㎡ apartments in the first quarter called 'Apartment Dabang Map' on the 29th. The Apartment Dabang Map is designed to provide a visual representation of the average sale prices and average jeonse deposit levels by district in Seoul, based on the Ministry of Land, Infrastructure and Transport's actual transaction prices.

The real estate platform Dabang releases the average selling price and jeonse deposits of 84㎡ apartments in its Q1 Apartment Dabang Map on 29th. /Courtesy of Dabang

When considering the average market price as a basis (100%), a figure above 100% indicates that the market price in that area is higher than the average.

According to the first quarter Apartment Dabang Map, the average sale price of 84㎡ apartments in Seoul is 1.45981 billion won, while the average jeonse deposit is 652.92 million won. This reflects an increase of 25.5% and 2.3%, respectively, compared to the same period last year.

Among the 25 autonomous districts in Seoul, the area with the highest average sale price is Seocho-gu. Seocho-gu has a level of 197%, showing an average sale price of 2.88074 billion won, which is 1.42093 billion won higher than the Seoul average. Following are Gangnam-gu at 173%, Songpa-gu at 134%, Yongsan-gu at 128%, Jongno-gu at 124%, Seongdong-gu at 111%, Mapo-gu at 110%, and Gwangjin-gu at 103%, totaling 8 areas with average sale prices higher than the Seoul average.

For average jeonse deposit, Gangnam-gu recorded 153%, which is 342.98 million won higher than the Seoul average at 995.90 million won. Following are Seocho-gu at 142%, Jongno-gu at 132%, Songpa-gu at 119%, Mapo-gu and Seongdong-gu at 114%, Yongsan-gu at 109%, Gwangjin-gu and Jung-gu at 105%, and Dongjak-gu at 103%, making a total of 10 areas with average jeonse deposits higher than the Seoul average.

During the same period, the average sale price of 84㎡ apartments nationwide increased by 27.7% compared to the same period last year, reaching 579.75 million won, while the average jeonse deposit rose by 1.3% to 367.27 million won. The overall average sale price and jeonse deposit in the Seoul region were found to be 252% and 178%, respectively, compared to the national average.

Meanwhile, Dabang plans to release the Apartment Dabang Map quarterly starting with this announcement.