The gap between average and median jeonse (lump-sum deposit lease) prices for apartments in the Gyeonggi-Incheon region widened in the first quarter of this year, data showed. Analysts attribute the divergence to a select group of newly built and large-complex apartments pulling overall jeonse prices upward.
According to Real Estate R114, the gap between the average and median jeonse prices for apartments in the Gyeonggi-Incheon area exceeded 60 million won in the first quarter. The average price reached 346.36 million won, up 3.26 million won from the previous quarter and 8.01 million won from the same period a year earlier. The median price, meanwhile, held steady at 286.25 million won, unchanged from both the previous quarter and the year-ago period.
The pattern — a rising average alongside a stagnant median — points to a widening price gap within the jeonse market. While areas with a concentration of low- to mid-priced jeonse units remain stable, sharply rising prices at high-end new builds and popular complexes are lifting the overall average.
