The Real Estate Information Center (REIC) of the Government Housing Bank has prepared an analysis titled "Real Estate Market Situation for Second-Hand Housing Nationwide, Q4 2025". This report compiles data on second-hand housing across the country.
Data was gathered from sales announcements on websites, as well as second-hand housing information from both public and private financial institutions, asset management companies, and the Department of Legal Execution, which announced sales through the second-hand housing market website (www.taladnudbaan.com). It was found that the number of units listed for sale increased by 29.8% and the value increased by 54.7% compared to the same period last year (YoY). However, when compared to the previous quarter (QoQ), the number of units and the value of listings decreased by -7.0% and -12.6%, respectively. In this quarter, most properties were listed for sale by individuals and real estate agents, accounting for 44.3%. The type of second-hand housing with the highest listings was single-family homes, which made up 40.0%. It was also noted that all types of housing saw an increase in both the number of units and the value of listings, with condominiums experiencing the highest increases in both units and value at 79.1% and 141.7%, respectively, compared to the same period last year (YoY). The average price of second-hand housing was 5.3 million baht. The supply of second-hand housing that expanded significantly in this quarter remained high-priced properties, particularly those priced over 10 million baht, which saw an increase of 63.2% in the number of units and 70.4% in value. Nevertheless, the overall market structure still consisted predominantly of properties priced between 1.01–2.00 million baht, which accounted for the highest proportion at 24.5%.

Regarding the transfer of ownership of second-hand housing, it was found that the number of units and value decreased by -6.5% and -8.2%, respectively, with a decline in the transfer of ownership across all types. Single-family homes had the highest transfer of ownership, accounting for 42.3% of all transfers. In terms of price levels, the transfer of ownership decreased across all price levels, but the value of transfers in the price group over 10 million baht increased by 2.6%. Overall, the second-hand housing market remains in a state of slowdown compared to the same period last year (YoY).

  1. Supply Situation of Second-Hand Housing

1.1 Second-Hand Housing Listings Nationwide

As of the end of Q4 2025, there were 226,278 second-hand housing units listed for sale, an increase of 29.8%, with a total value of 1,200,372 million baht, up 54.7% compared to the same period last year (YoY). However, when compared to the previous quarter (QoQ), both the number of units and the value decreased by -7.0% and -12.6%, respectively (details in Table 1).

1.2 Sellers of Second-Hand Housing

The number of sellers offering second-hand properties in the market has increased across all groups compared to the same period last year (YoY). When sorted by the number of second-hand properties listed for sale, the details are as follows (details in Table 2):

  1. Individuals and Real Estate Agents accounted for the largest proportion of units listed for sale and value, with 100,179 units (44.3%) valued at 967,953 million baht (80.6%), showing growth in both units and value of 52.2% and 75.7%, respectively, compared to the same period last year (YoY).
  2. Department of Legal Execution had 71,801 units listed for sale (31.7%) with a value of 106,250 million baht (8.9%), showing growth in both units and value of 17.2% and 0.2%, respectively, compared to the same period last year (YoY).
  3. Specialized Financial Institutions had 24,350 units listed for sale (10.8%) with a value of 38,538 million baht (3.2%), showing an increase in units of 13.1% but a decrease in value of -10.1% compared to the same period last year (YoY).
  4. Asset Management Companies had 21,150 units listed for sale (9.3%) with a value of 54,074 million baht (4.5%), showing growth in both units and value of 3.1% and 0.9%, respectively, compared to the same period last year (YoY).
  5. Commercial Banks had the fewest units listed for sale, with 8,798 units (3.9%) valued at 33,557 million baht (2.8%), showing growth in both units and value of 68.4% and 50.8%, respectively, compared to the same period last year (YoY).

1.3 Types of Second-Hand Housing Listed for Sale

In this quarter, single-family homes continued to have the highest number of listings in both units and value, with 90,502 units, accounting for 40.0% and valued at 532,566 million baht, representing 44.0% of all second-hand housing listings. The second highest was condominiums with 70,611 units (31.2%) valued at 502,216 million baht (41.8%), and the third was townhouses with 57,257 units (25.3%) valued at 131,216 million baht (10.9%) of all second-hand housing listings. Compared to the same period last year (YoY), all types of second-hand housing saw an increase in the number of units listed for sale, with condominiums experiencing the highest growth rates in both units and value at 79.1% and 141.7%, respectively. Following that, semi-detached houses saw an increase in both units and value of 16.6% and 22.5%, respectively, while single-family homes saw an increase of 15.7% in units and 25.2% in value (details in Table 3).

1.4 Selling Prices of Second-Hand Housing

The three most listed second-hand housing categories by price level are as follows:

(1) Price Level up to 1.00 million baht had the highest number of units at 55,536, accounting for 24.5%, but had the lowest total value of 31,546 million baht, representing only 2.6% of all second-hand housing listings.

(2) Price Level 2.01 – 3.00 million baht had 32,030 units, accounting for 14.2%, with a total value of 79,753 million baht, representing 6.6% of all second-hand housing listings.

(3) Price Level 1.01 - 1.50 million baht had 31,856 units, accounting for 14.1%, with a total value of 40,132 million baht, representing 3.3% of all second-hand housing listings.

When compared to the same period last year (YoY), it was found that second-hand housing listings increased in both units and value across all price levels. Notably, the price group over 10.00 million baht saw the highest increases in both units and value at 63.2% and 70.4%, respectively (details in Table 4).

1.5 Nationwide Second-Hand Housing Listings by Province

The provinces with the highest value of second-hand housing listings in the top 10 (sorted by value) as of the end of Q4 2025 include Bangkok, Chonburi, Nonthaburi, Samut Prakan, Phuket, Pathum Thani, Chiang Mai, Surat Thani, Prachuap Khiri Khan, and Rayong, collectively accounting for 87.5% of all second-hand housing listings nationwide. This indicates that the supply of second-hand housing remains highest in the Bangkok area and surrounding provinces, as well as in nearby tourist provinces compared to the previous quarter. Bangkok had the most second-hand housing listings with a total of 71,275 units, accounting for 31.4%, with a value of 729,012 million baht, representing a significant 60.7% of all second-hand housing listings nationwide.

For provinces ranked 2 to 10, they collectively accounted for 32.5% of the total number of units and 26.8% of the total value. Phuket had the highest average listing price at 10.2 million baht per unit, down from 11.2 million baht during the same period last year. All provinces ranked 2 to 10 saw increases in second-hand housing listings, with Bangkok experiencing the highest increase in value at 98.4%, primarily from condominium listings. Following that, Samut Prakan saw an increase of 45.1% in value, primarily from single-family home listings, and Chonburi saw an increase of 35.4% in value, primarily from single-family home listings (details in Table 5).

  1. Demand Situation for the Transfer of Ownership of Second-Hand Housing

In Q4 2025, there were 55,592 units of second-hand housing transferred nationwide, a decrease of -6.5%, with a total value of 113,651 million baht, down -8.2% compared to the same period last year (YoY). However, when compared to the previous quarter (QoQ), the transfer of ownership of second-hand homes increased in both units and value by 0.7% and 2.7%, respectively (details in Table 6).

When considering by type, it was found that most transfers were single-family homes, with 23,541 units, accounting for 42.3% and valued at 53,525 million baht, representing 47.1%. It was noted that the transfer of ownership of second-hand housing decreased across all types, with commercial buildings experiencing the highest decrease in the number of units at -12.2%, while the type with the highest decrease in transfer value was condominiums, down -10.9% (details in Table 7).

For the transfer of ownership of second-hand housing by price level, it was found that most were in the price level up to 1.00 million baht, with 18,905 units, accounting for 34.0%. In terms of value, the price level of 2.01-3.00 million baht had the highest transfer value at 23.7%, or 26,885 million baht. When compared to the same period last year (YoY), it was found that the number of units and transfer values decreased across almost all price levels, particularly in the price level of 5.01-7.50 million baht, which saw the largest decreases of -16.9% and -16.8%, respectively. The only price level that saw an increase in transfer value was over 10.00 million baht, which increased by 2.6%, although the number of units decreased by -6.5% (details in Table 8).

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