Authored by the expert who managed and guided the team behind the South Korea Property Pack
Everything you need to know before buying real estate is included in our South Korea Property Pack
This article covers the current housing prices in Daejeon, South Korea, with data we constantly update to keep it relevant.
Daejeon is an apartment-driven market where most residential transactions happen in high-rise complexes near research parks and education hubs.
Whether you're looking for an entry-level home or a premium property, understanding Daejeon's price ranges will help you plan your budget.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Daejeon.
Insights
- New-build apartments in Daejeon command a 12% premium over comparable existing homes, driven by better amenities and lower maintenance costs in 2026.
- Smaller apartments (40 to 59 sqm) in prime Daejeon complexes often have the highest price per square meter because buyers pay extra for location quality.
- The gap between Daejeon listing prices and final sale prices typically runs around 5%, which is modest compared to more volatile Korean markets.
- Dunsan-dong in Seo-gu has the highest residential prices in Daejeon, reaching up to 7 million KRW per square meter for premium apartments.
- Entry-level housing in Daejeon starts around 160 million KRW ($110,000), typically older apartments in Dong-gu or Jung-gu districts.
- Daejeon housing prices rose about 3% nominally over the past year, but only about 1% when adjusted for inflation using Korea's CPI data.
- Yuseong-gu attracts expats working in tech and research, with average home prices around 450 million KRW ($310,000) in 2026.
- Over the past decade, Daejeon housing prices increased 45% nominally but only 25% in real terms after adjusting for inflation.
- Apartments make up roughly 70% of Daejeon's residential market, with villas and officetels accounting for most of the remaining inventory.
- A realistic all-in cost (including taxes, fees, and potential renovation) adds 10% to 20% on top of the purchase price in Daejeon.
What is the average housing price in Daejeon in 2026?
The median housing price is more useful than the average because it represents the true middle of the market and is not skewed by a handful of very expensive luxury properties.
We are writing this as of January 2026, using the latest data collected from authoritative sources like Statistics Korea and The Korea Times, which we manually verified for accuracy.
The median home price in Daejeon in 2026 is approximately 340 million KRW, which converts to about $234,000 or €200,000. The average home price sits higher at around 380 million KRW ($262,000 or €224,000), pulled up by larger and newer apartments in prime locations.
About 80% of residential properties in Daejeon in 2026 fall within a price range of 220 million KRW to 520 million KRW ($152,000 to $359,000 or €129,000 to €306,000).
A realistic entry range in Daejeon starts at 160 million to 220 million KRW ($110,000 to $152,000 or €94,000 to €129,000), which typically gets you an older apartment of 40 to 55 sqm in districts like Dong-gu or Jung-gu from the 1990s or early 2000s.
Luxury properties in Daejeon in 2026 generally range from 900 million to 1.5 billion KRW ($621,000 to $1.03 million or €529,000 to €882,000), and at this level you can expect a newer large apartment of 120 to 170 sqm in Dunsan (Seo-gu) or Yuseong's prime zones with excellent amenities, parking, and security.
By the way, you will find much more detailed price ranges in our property pack covering the real estate market in Daejeon.
Are Daejeon property listing prices close to the actual sale price in 2026?
In Daejeon in 2026, the estimated gap between listing prices and actual closing prices is around 5% lower at closing, with a typical range of 3% to 7%.
This happens mainly because negotiation is a normal part of Korean property transactions, especially when buyers have multiple options in a given price segment. The gap tends to be larger for older apartments that have been on the market longer, while newer or highly sought-after units in areas like Dunsan often sell closer to the asking price.
Get fresh and reliable information about the market in Daejeon
Don't base significant investment decisions on outdated data. Get updated and accurate information with our guide.
What is the price per sq m or per sq ft for properties in Daejeon in 2026?
As of January 2026, the median housing price in Daejeon is approximately 4.6 million KRW per sqm ($3,170/sqm or €2,706/sqm), which works out to about 427,000 KRW per sqft ($295/sqft or €251/sqft). The average price is slightly higher at around 4.8 million KRW per sqm ($3,310/sqm or €2,824/sqm) or 446,000 KRW per sqft ($308/sqft or €262/sqft).
Smaller starter apartments (40 to 59 sqm) in well-located complexes tend to have the highest price per sqm in Daejeon because buyers pay a premium for the address and complex quality, while older larger units (100 sqm or more) in less central areas have the lowest price per sqm due to maintenance concerns and a smaller buyer pool.
The highest prices per sqm in Daejeon in 2026 are found in Seo-gu (Dunsan) and Yuseong-gu's tech and education clusters, ranging from 5.5 million to 7 million KRW per sqm. The lowest ranges appear in parts of Dong-gu, Jung-gu, and Daedeok-gu, where prices typically run from 3.2 million to 4.1 million KRW per sqm.
How have property prices evolved in Daejeon?
Compared to one year ago (January 2025), Daejeon housing prices have increased by about 3% in nominal KRW terms, though the real (inflation-adjusted) gain is closer to 1%. This modest growth reflects cautious buyer sentiment amid shifting interest rate policies and general economic uncertainty.
Looking back ten years to January 2016, Daejeon housing prices have risen approximately 45% in nominal terms, but only about 25% when adjusted for inflation. The main drivers have been a quality upgrade cycle with newer complexes offering better amenities, plus growing demand concentration in education and tech-focused neighborhoods like Dunsan and Yuseong.
By the way, we've written a blog article detailing the latest updates on property price variations in Daejeon.
Finally, if you want to know whether now is a good time to buy a property there, you can check our pack covering everything there is to know about the housing market in Daejeon.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in South Korea versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
What types of homes are available in Daejeon and how do their prices compare in 2026?
In Daejeon in 2026, apartments dominate the market at roughly 70% of listings, followed by villas and low-rise multi-family units (15%), officetels used as homes (8%), detached houses (5%), and other types like townhomes (2%), reflecting Korea's strong preference for apartment living.
Average prices by property type in Daejeon as of January 2026 are: typical apartments (59 to 84 sqm) at around 380 million KRW ($262,000 or €224,000), villas and low-rise units (45 to 70 sqm) at 240 million KRW ($166,000 or €141,000), officetels (25 to 45 sqm) at 190 million KRW ($131,000 or €112,000), detached houses at 420 million KRW ($290,000 or €247,000), large premium apartments (100 to 130 sqm) at 700 million KRW ($483,000 or €412,000), and new premium apartments in prime zones at around 800 million KRW ($552,000 or €471,000).
If you want to know more, you should read our dedicated analyses:
- How much do properties cost in Daejeon?
- How much should you pay for an apartment in Daejeon?
- How much should you pay for a studio in Daejeon?
How do property prices compare between existing and new homes in Daejeon in 2026?
In Daejeon in 2026, new-build homes typically cost about 12% more than comparable existing homes, with the premium ranging from 8% to 18% depending on location and building quality.
This premium exists because new apartments offer better specifications like modern parking facilities, improved insulation, newer elevators, and community amenities, and buyers are willing to stretch their budgets for move-in ready homes with lower maintenance risk.
Buying real estate in Daejeon can be risky
An increasing number of foreign investors are showing interest. However, 90% of them will make mistakes. Avoid the pitfalls with our comprehensive guide.
How do property prices vary by neighborhood in Daejeon in 2026?
In Yuseong-gu, you will find a mix of apartments and officetels popular with researchers and tech workers, with average home prices around 450 million KRW ($310,000 or €265,000). This area commands higher prices because of its proximity to research parks, newer building stock, and good daily amenities.
Dunsan and Wolpyeong in Seo-gu feature family-oriented apartments with strong school and academy access, averaging around 500 million KRW ($345,000 or €294,000). Prices are elevated here because Dunsan is considered Daejeon's city center with excellent transit connections and a concentration of offices and services.
Growth areas like Doan-dong and Noeun-dong offer newer apartment complexes at slightly lower prices, averaging around 420 million KRW ($290,000 or €247,000). These neighborhoods attract families seeking more modern housing stock in planned communities without the premium of established prime zones.
You will find a much more detailed analysis by areas in our property pack about Daejeon. Meanwhile, here is a quick summary table we have made so you can understand how prices change across areas:
| Neighborhood | Character | Avg Price Range (KRW / $) | Avg per sqm (KRW / $) | Avg per sqft (KRW / $) |
|---|---|---|---|---|
| Dunsan-dong (Seo-gu) | Schools + commute | 450m - 900m / $310k - $621k | 5.8m - 7.0m / $4,000 - $4,828 | 539k - 650k / $372 - $448 |
| Wolpyeong-dong (Seo-gu) | Family + popular | 320m - 650m / $221k - $448k | 4.6m - 5.8m / $3,172 - $4,000 | 427k - 539k / $295 - $372 |
| Tanbang-dong (Seo-gu) | Central + commute | 300m - 620m / $207k - $428k | 4.4m - 5.6m / $3,034 - $3,862 | 409k - 520k / $282 - $359 |
| Yuseong core (Yuseong-gu) | Expat-friendly | 330m - 720m / $228k - $497k | 4.6m - 6.2m / $3,172 - $4,276 | 427k - 576k / $295 - $397 |
| Doryong-dong (Yuseong-gu) | Premium + tech | 500m - 1.1b / $345k - $759k | 5.6m - 7.0m / $3,862 - $4,828 | 520k - 650k / $359 - $448 |
| Gwanpyeong-dong (Yuseong-gu) | Newer + tech | 380m - 780m / $262k - $538k | 4.9m - 6.4m / $3,379 - $4,414 | 455k - 595k / $314 - $410 |
| Noeun-dong (Yuseong-gu) | Family + newer | 300m - 600m / $207k - $414k | 4.3m - 5.5m / $2,966 - $3,793 | 399k - 511k / $275 - $352 |
| Songchon-dong (Daedeok-gu) | Value | 180m - 350m / $124k - $241k | 3.4m - 4.3m / $2,345 - $2,966 | 316k - 399k / $218 - $275 |
| Sintanjin area (Daedeok-gu) | Value + industrial | 160m - 320m / $110k - $221k | 3.2m - 4.0m / $2,207 - $2,759 | 297k - 372k / $205 - $257 |
| Jung-gu old core | Entry | 170m - 330m / $117k - $228k | 3.3m - 4.1m / $2,276 - $2,828 | 306k - 381k / $211 - $263 |
| Dong-gu | Entry + transport | 160m - 340m / $110k - $234k | 3.2m - 4.2m / $2,207 - $2,897 | 297k - 390k / $205 - $269 |
| Doan-dong (Seo-gu/Yuseong border) | Growth + family | 300m - 650m / $207k - $448k | 4.5m - 5.8m / $3,103 - $4,000 | 418k - 539k / $288 - $372 |
How much more do you pay for properties in Daejeon when you include renovation work, taxes, and fees?
In Daejeon in 2026, you should expect to pay an additional 10% to 20% on top of the purchase price when you factor in taxes, fees, and potential renovation work.
For a property around $200,000 (290 million KRW), you would typically add about 6% in fees and taxes, which comes to roughly 17 million KRW ($12,000). This brings your total to around 307 million KRW ($212,000), and if you need light renovation work, you might add another 15 to 30 million KRW ($10,000 to $21,000).
For a property around $500,000 (725 million KRW), the fees and taxes at 6% would add approximately 44 million KRW ($30,000), bringing your baseline to 769 million KRW ($530,000). A medium renovation including kitchen and bathroom updates could add another 30 to 70 million KRW ($21,000 to $48,000).
For a property around $1,000,000 (1.45 billion KRW), fees and taxes would add approximately 87 million KRW ($60,000) for a baseline of 1.54 billion KRW ($1.06 million). If you opt for a heavier renovation involving layout changes and system updates, you might add another 70 to 150 million KRW ($48,000 to $103,000), potentially reaching 1.69 billion KRW ($1.17 million) all-in.
Meanwhile, here is a detailed table of the additional expenses you may have to pay when buying a new property in Daejeon
| Expense | Category | Estimated Cost Range (KRW / $) |
|---|---|---|
| Acquisition / transfer tax | Tax | Typically 1% to 3% of the purchase price, depending on your ownership status and the property value. First-time buyers or lower-value properties often pay closer to 1%, while investment properties or higher values can reach 3%. |
| Registration and admin fees | Fees | Around 0.2% to 0.6% of the purchase price, covering legal registration with the government. These are standard administrative costs that apply to all property transactions in Korea. |
| Real estate broker fee | Fees | Generally 0.4% to 0.9% of the purchase price, with some room for negotiation. The exact rate depends on the property's price band and local market practices in Daejeon. |
| Moving and setup costs | Practical | 1 million to 5 million KRW ($700 to $3,450) depending on the distance, amount of belongings, and whether you hire professional movers. Setting up utilities and basic furnishings adds to this. |
| Light renovation | Renovation | 10 million to 30 million KRW ($6,900 to $20,700) for cosmetic updates like fresh paint, new flooring, and updated fixtures. This level of work refreshes the space without major structural changes. |
| Medium renovation | Renovation | 30 million to 70 million KRW ($20,700 to $48,300) for more substantial work like kitchen and bathroom remodeling. This typically includes new cabinets, countertops, appliances, and tile work. |
| Heavy renovation | Renovation | 70 million to 150 million KRW ($48,300 to $103,000) for extensive projects involving layout changes, electrical and plumbing updates, or full interior overhauls. This is common for older apartments being modernized. |
We made this infographic to show you how property prices in South Korea compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What properties can you buy in Daejeon in 2026 with different budgets?
With $100,000 (145 million KRW), your options in Daejeon are limited but possible: you could find an older small apartment around 40 sqm in Dong-gu, a small villa around 45 sqm in Jung-gu, or a very compact officetel of 25 to 30 sqm in a fringe location, all existing homes in basic condition.
With $200,000 (290 million KRW), you can purchase an existing apartment of 49 to 59 sqm in Daedeok-gu (Songchon area), an existing 59 sqm apartment in Dong-gu in decent condition, or an existing officetel of 33 to 40 sqm in the Yuseong area.
With $300,000 (435 million KRW), your options expand to an existing 74 sqm apartment in Wolpyeong-dong (Seo-gu), an existing apartment of 59 to 74 sqm in Yuseong, or a newer 59 sqm apartment in growth areas like Doan or Noeun.
With $500,000 (725 million KRW), you can buy an existing 84 sqm apartment in a strong complex in Dunsan-dong, an existing or near-new 84 sqm apartment in Doryong or prime Yuseong, or a larger existing apartment of 100 sqm or more in Wolpyeong or Tanbang.
With $1,000,000 (1.45 billion KRW), you enter the luxury segment and can purchase a premium large apartment of 130 to 170 sqm in Dunsan on a high floor in an excellent complex, a premium apartment of 120 to 160 sqm in prime Yuseong near key research nodes, or a top-tier new-build unit with best-in-class amenities.
With $2,000,000 (2.9 billion KRW), you are well beyond typical Daejeon transactions, but at this level you could secure a signature penthouse-style unit in a prime complex, a very large premium unit with an extensive interior upgrade budget, or a high-end trophy purchase where status and space matter more than value per square meter.
If you need a more detailed analysis, we have a blog article detailing what you can buy at different budget levels in Daejeon.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Daejeon, we always rely on the strongest methodology we can ... and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source Name | Why It's Authoritative | How We Used It |
|---|---|---|
| Statistics Korea (KOSTAT) | It is the official national statistics office of South Korea, making it the reference source for inflation and economic data. | We used the CPI index level to inflation-adjust historical prices into January 2026 KRW. We also used it to explain why real price growth differs from nominal growth. |
| European Central Bank (ECB) | It is the Eurozone central bank, and its FX reference rates are a global standard for currency conversions. | We used the ECB's late-December 2025 EUR/KRW reference level as the closest official proxy for January 2026 conversions. We applied it consistently to convert KRW values into euros. |
| Reuters | It is a major wire service widely used by financial institutions and policymakers for reliable market data. | We used Reuters' reported USD/KRW level around 1,450 as a practical January 2026 conversion anchor. We also used it to provide context on currency movements affecting property prices. |
| The Korea Times | It is a long-running national English-language newspaper that clearly reports comparable price points for Korean property projects. | We used the stated 15 to 17 million KRW per 3.3 sqm as a grounded benchmark for new construction pricing in Daejeon. We then translated it into KRW per sqm to estimate new-build premiums. |
| Asiae (Asia Economy) | It is a major Korean news outlet whose English desk directly references market pricing context for Korean cities. | We used the report that Daejeon new-builds exceeded 20 million KRW per 3.3 sqm to bound the upper end of pricing. We used it as a cross-check so our luxury ranges reflect actual market conditions. |
| Bank of Korea | It is the central bank of South Korea and provides authoritative data on interest rates and monetary policy. | We referenced Bank of Korea policy context to explain how financing conditions affect buyer sentiment. We used this to contextualize year-over-year price changes in Daejeon. |
| Ministry of Land, Infrastructure and Transport | It is the Korean government ministry responsible for housing policy and official transaction data. | We used MOLIT frameworks to understand how Korean property transactions are structured. We referenced their guidelines on fees and taxes for our cost estimates. |
| Korea Real Estate Board (R-ONE) | It is a government-affiliated organization that tracks official real estate price indices across Korea. | We used R-ONE data patterns to inform our understanding of price trends in secondary cities like Daejeon. We cross-referenced their indices with news reports for consistency. |
| Korea Appraisal Board | It is the official appraisal organization that provides standardized property valuations across Korea. | We referenced their valuation methodologies to understand how Korean properties are assessed. We used this context to explain listing versus closing price gaps. |
| Hankyoreh | It is a major Korean newspaper known for in-depth reporting on housing market conditions and policy. | We used Hankyoreh's housing coverage to understand broader market sentiment in Korean cities. We cross-referenced their reports with pricing data from other sources. |
| Chosun Ilbo | It is one of Korea's largest newspapers with extensive real estate market coverage. | We referenced their property market reporting for context on buyer behavior and market trends. We used their coverage to inform our neighborhood-level analysis. |
| JoongAng Ilbo | It is a major Korean daily newspaper with comprehensive business and real estate sections. | We used their market analysis to understand regional price variations within Daejeon. We cross-checked their reported figures against official data sources. |
| Dong-A Ilbo | It is one of Korea's oldest newspapers with reliable coverage of economic and housing trends. | We referenced their reporting on construction costs and renovation market conditions. We used this to inform our estimates of additional purchase costs. |
| Maeil Business Newspaper | It is Korea's leading business daily with detailed coverage of property markets and investment trends. | We used their business reporting to understand investor sentiment in the Daejeon market. We referenced their analysis of new-build versus existing home price dynamics. |
| Seoul Economic Daily | It is a major Korean business newspaper covering real estate markets across the country. | We used their regional market coverage to compare Daejeon pricing with other Korean cities. We referenced their reporting on neighborhood-level price variations. |
| Naver Real Estate | It is Korea's largest online platform for property listings and market data. | We used Naver Real Estate to verify typical listing prices and inventory patterns in Daejeon neighborhoods. We cross-referenced their data with news reports on transaction prices. |
| Zigbang | It is a leading Korean proptech platform with extensive listing data and market analytics. | We used Zigbang data to understand the breakdown of property types available in Daejeon. We referenced their market reports on officetel and villa pricing trends. |
| Daum Real Estate | It is a major Korean portal with comprehensive real estate listings and neighborhood information. | We used Daum to verify neighborhood characteristics and amenity access in Daejeon districts. We cross-referenced their listings with other platforms for price consistency. |
| Real Estate Transaction Management System | It is the official Korean government system recording all property transactions. | We referenced official transaction records to understand actual closing prices versus listing prices. We used this data to calculate the typical listing-to-sale price gap. |
| Yonhap News Agency | It is Korea's national news agency providing authoritative reporting on economic and housing data. | We used Yonhap's economic reporting to understand macroeconomic factors affecting Daejeon's housing market. We referenced their coverage of regional development trends. |
| Daejeon Metropolitan City Government | It is the official local government providing data on city planning, development, and housing policies. | We used city government information to understand zoning and development patterns in different districts. We referenced their data on infrastructure investments affecting property values. |
| Korea Research Institute for Human Settlements | It is a government-affiliated research institute providing in-depth housing market analysis. | We referenced KRIHS research on Korean housing market dynamics and price formation. We used their methodologies to inform our approach to estimating neighborhood-level prices. |
| Korean Statistical Information Service (KOSIS) | It is the official government portal aggregating statistical data from all Korean government agencies. | We used KOSIS to access demographic and economic data relevant to Daejeon's housing demand. We referenced their statistics on household formation and population trends. |
Get the full checklist for your due diligence in Daejeon
Don't repeat the same mistakes others have made before you. Make sure everything is in order before signing your sales contract.
Related blog posts