Suwon Individual Housing Prices Rose 6.1% in 2024

Individual housing prices in the Suwon area rose an average of 6.1% compared to last year as of January 1, 2025.

According to individual housing prices announced by Suwon City on the 30th of last month for 38,657 units of single-family and multi-family residences in the city (excluding unpublicized properties such as unauthorized structures), prices reached 6.437 trillion won, up 6.1% from last year.

This rate of increase is lower than Gyeonggi Province's average increase rate of 8.5%.

Among these, Gwonseon-gu (11,881 units) saw the highest rate of increase at 9.5% compared to last year among the four districts.

Paldal-gu followed with 5.4% (13,096 units), Yeongtong-gu with 4.9% (3,473 units), and Jangan-gu with 3.8% (10,207 units).

The city will accept price inquiries and objections from owners or interested parties until the 30th of this month.
Individual housing price inquiries and objection submissions can be made at the tax affairs division or neighborhood offices of each district, and price inquiries are also available on the Suwon City Local Tax Internet homepage (etax.suwon.ne.kr).

Housing prices for which objections have been filed will be re-investigated for appropriate pricing and price balance with neighboring properties, and will be re-announced after deliberations in June.

Inquiries: Jangan-gu Tax Affairs Division 228-5377, Gwonseon-gu Tax Affairs Division 228-6301, Paldal-gu Tax Affairs Division 228-7422, Yeongtong-gu Tax Affairs Division 228-8437