Apartment prices in Seoul and its surrounding regions have made a dramatic turnaround in June 2026, with every district in the capital city posting gains and some suburban areas seeing record-setting surges. According to recent data from KB Real Estate and the Korea Real Estate Board, a combination of factors—ranging from revived buyer sentiment to expectations of large-scale reconstruction—has pushed both sale and rental prices to new heights, while a surge in new apartment supply is set to test the market’s resilience in the coming months.
After three consecutive months of decline, Seoul’s apartment market rebounded sharply in June. The city’s apartment sale price index reached 105.8 as of June 15, 2026, up 1.1% from the previous month and a notable 5.8% higher than at the start of the year. This marks the first time in four months that all 25 of Seoul’s districts have seen prices rise in tandem, signaling a broad-based upswing that has caught the attention of buyers and analysts alike.
One of the most striking developments came from the Gangnam district, long seen as a bellwether for the broader housing market. Earlier in the year, Gangnam’s apartment prices had dipped in response to the government’s move to reinstate heavy capital gains taxes on owners of multiple homes. However, in June, the district’s prices rebounded by 0.3%, ending the losing streak and contributing to the city’s overall upward momentum.
The price rally was not limited to the high-end southern districts. In fact, the northern districts of Seoul saw even steeper increases. Dongdaemun district led the pack with a 2.16% jump in apartment prices, nearly double the citywide average. Other notable gainers included Seongbuk (1.99%), Gwangjin (1.85%), Jung (1.8%), and Gangbuk (1.55%) districts. The average apartment price in Seoul climbed to 1,583,110,000 KRW in June, up 11,910,000 KRW from the previous month and a hefty 61,490,000 KRW increase since January. The median price—a key benchmark that reflects the middle of the market—rose to 1,255,000,000 KRW, an increase of 135,000,000 KRW in just six months.
Breaking down the numbers further, the average apartment price in the 14 northern districts of Seoul stood at 1,157,090,000 KRW, while the 11 southern districts, including Gangnam, averaged a much higher 1,966,550,000 KRW. This persistent gap underscores the enduring appeal of southern Seoul, but the recent surge in the north hints at shifting dynamics and growing demand across the city.
Beyond Seoul, Gyeonggi province—home to major satellite cities—also experienced a sharp acceleration in apartment prices. The province posted a 0.65% increase in June, nearly double the previous month’s 0.39% gain. Hwaseong’s Dongtan district, part of the so-called “semiconductor belt,” was a standout, with apartment prices soaring 4.16% in just one month. For the first time, the price per square meter in Dongtan exceeded 1,000,000 KRW, translating to 3,313,000 KRW per pyeong (a traditional Korean unit of area).
Rental prices followed a similar trajectory. Seoul’s apartment jeonse (lump-sum rental deposit) prices climbed 1.43% in June, marking the highest monthly increase so far in 2026. The average jeonse price reached 696,190,000 KRW—up 4% since January. Notably, the 11 southern districts saw average jeonse prices surpass 80,000,000 KRW for the first time, reaching 80,193,000 KRW, while the northern districts averaged 579,100,000 KRW. This surge in rental values reflects heightened demand and limited supply, particularly in desirable neighborhoods.
While Seoul’s market has been heating up, some of the most eye-popping price gains have occurred in the suburbs—most notably in Bundang, a first-generation planned city in Gyeonggi province. According to the Korea Real Estate Board, the Hansol Village 4th Complex in Jeongja-dong, Bundang-gu, recorded the highest nationwide apartment price increase between June 22, 2025, and June 22, 2026, with a staggering 64.31% jump based on price per 3.3㎡. On June 11, a 42㎡ unit in the complex sold for 1,195,000,000 KRW, up from just 680,000,000 KRW a year earlier. Even smaller units, like a 36㎡ apartment, broke the 1,000,000,000 KRW mark after trading in the 600,000,000 KRW range a year ago.
Bundang’s boom is not isolated to a single complex. Hansol Village 6th Complex ranked second nationwide with a 59.94% increase, and Mujigae 12th Complex in Gumi-dong posted a 56.42% gain. Additional Bundang complexes, including Cheongsol Village Jugong 9th Complex, Jangan Town Geonyeong 3rd Complex, and Hansol Village 5th Complex, all landed in the top 10 for price increases. Experts attribute this surge to strong fundamentals—good jobs, convenient location, and, crucially, widespread anticipation of reconstruction projects that promise to transform aging complexes into modern, high-value residences. "In Bundang, the combination of job opportunities, prime location, and reconstruction expectations have driven up home prices significantly," explained Professor Ko Jun-seok of Yonsei University. "Although reconstruction costs will be substantial, buyers seem to be looking at the future value."
Seoul itself saw a standout complex in the form of Hyundai Hometown (Hyundai Donggung) in Banpo-dong, Seocho-gu. This 224-unit complex, currently pursuing integrated reconstruction with neighboring buildings, ranked third nationwide for price appreciation over the past year. As of June 22, the average price per 3.3㎡ for Seoul apartments was 40,550,000 KRW, surpassing the 40,000,000 KRW threshold for the first time. Nationally, the average was 15,970,000 KRW, while Bundang’s average soared to 47,680,000 KRW.
Amid this flurry of price gains, the supply side of the market is also ramping up. According to real estate information provider Zigbang, nearly 29,671 apartment units are scheduled for sale nationwide in July 2026—a 30.2% increase from a year earlier. Of these, about 68.3%, or 20,252 units, will be located in the Seoul metropolitan area, with Gyeonggi province leading the way at 11,987 units, followed by Incheon with 6,154 units and Seoul with 1,111 units. The largest single complex is Sangok Station Xi Hillstate & Haneulchae in Bupyeong-gu, Incheon, boasting 2,706 units and convenient access to Subway Line 7. Other large-scale projects include Hangang Prugio Riverfront in Gimpo (2,432 units) and City OCE9 Complex in Hakik-dong, Incheon (2,013 units). In Seoul, Summit Clavion in Singil-dong and Chungjeongno Xi Lerne in Jungnim-dong are set to launch, both as part of urban renewal efforts.
Outside the capital region, supply is also robust, with 9,419 new units slated for sale in July. Gyeongnam province leads with 4,355 units, while Changwon’s Hanshin The Hue Mega Centum complex alone will offer over 2,000 apartments. Busan, Chungnam, and Daegu are also set to see significant new supply.
As the market heads into the second half of 2026, all eyes are on whether this surge in new supply will cool the red-hot prices or if pent-up demand—fueled by reconstruction hopes and limited inventory—will keep the momentum going. One thing is certain: South Korea’s housing market is in the midst of a remarkable transformation, with both challenges and opportunities ahead for buyers, sellers, and policymakers alike.