Kamakura’s transaction data points to a relatively active but not low-cost market for acquiring premises. In 2025, there were 398 house transactions, the highest count in the series, while the median house price was ¥49,000,000 and prices still show a 5-year CAGR of 3.63% with the overall trend marked up. Older houses trade at a median of ¥39,000,000, so the discount versus the overall house median exists, but it is not deep.
This profile suits buyers who want a live-work property in a market with real deal flow rather than a purely distressed-entry story. Liquidity is decent at 2.303 transactions per 1,000 residents, and positive net migration (+276, or 0.16%) suggests the town is still attracting residents; at the same time, the 65+ share is high at 30.89%, which can support turnover in older stock over time. There is a meaningful vacant-home base—9,290 homes, with a 10.8% vacancy rate and an akiya proxy ratio of 32.66%—but the akiya mobilization ratio is only 1.399%, so vacant stock does not appear to convert into transactions quickly. For lifestyle buyers, that combination usually means more possibility in older premises than in easy bargains.
The main caveat is affordability: the price-to-income ratio is 8.97, which is high relative to local taxable income of ¥5,461,999, so buying premises here is expensive by local earning power. Also, the latest year mixes strong volume with a lower median price than 2024 (¥49,000,000 versus ¥55,000,000), which suggests deal composition can move the headline price from year to year. Vacancy, income, and migration figures also come from different source years, so they are best read as context for the market rather than as a same-year snapshot.