Based on your request for a research report on housing price trends in Nanjing's districts over the past five years in English, I'd like to clarify a few points to better meet your needs:

1. Would you like the report to focus on any specific housing types (e.g., residential apartments, commercial properties, luxury housing, or affordable housing)?

2. Are you interested in any particular factors affecting housing prices in Nanjing (such as government policies, infrastructure development, or economic indicators) to be included in the analysis?

3. Would you prefer the report to include comparative analysis between districts, or would you like each district to be analyzed independently?

I understand your task now. You need a research report on housing price trends across various districts of Nanjing over the past five years in English. The report should:

1. Cover all housing types in Nanjing
2. Provide a comparative analysis between different districts of Nanjing
3. Focus on price trends over the past five years

I'll organize a comprehensive research report that analyzes and compares housing price trends across Nanjing's districts, examining how prices have evolved from approximately 2020 to 2025 for all residential property types. The report will include relevant data visualization to illustrate the comparative trends between districts.

Research Report on the Housing Price Trends in Various Districts of Nanjing Over the Past Five Years

Executive Summary

This research report analyzes housing price trends across Nanjing's eleven administrative districts from 2020 to 2025. The analysis reveals significant price fluctuations during this period, with most districts experiencing a peak around 2022-2023 followed by a notable decline. Only Building District (Jianye) and Gaochun District showed positive growth over the five-year period, while other districts experienced varying degrees of price depreciation. The city's overall average housing price decreased from approximately 24,982 yuan/m² in 2020 to 21,617 yuan/m² in 2025, representing a 13.5% decline. The report provides detailed district-by-district analysis and identifies distinct price tiers among Nanjing's districts, offering valuable insights for stakeholders in the real estate market.

1. Introduction

1.1 Background and Significance

Nanjing, the capital city of Jiangsu Province, is one of China's most historically and culturally significant cities. As a major economic center in the Yangtze River Delta region, Nanjing's real estate market has attracted considerable attention from investors, policymakers, and residents alike. Understanding the housing price trends across different districts of Nanjing provides valuable insights into the city's economic development, urban planning effectiveness, and population mobility patterns.

1.2 Research Objectives

This report aims to:

• Analyze housing price trends across all eleven administrative districts of Nanjing from 2020 to 2025
• Compare and contrast price movements between different districts
• Identify patterns and anomalies in the housing market across the city
• Provide a comprehensive overview of the current housing price landscape in Nanjing

1.3 Administrative Divisions of Nanjing

Nanjing consists of eleven administrative districtstravelchinaguide.com: Xuanwu, Qinhuai, Jianye, Gulou, Qixia, Yuhuatai, Jiangning, Pukou, Liuhe, Lishui, and Gaochun. These districts vary significantly in terms of their location, economic development, infrastructure, and consequently, their housing prices.

2. Research Methodology and Data Sources

2.1 Data Collection

The housing price data used in this report was collected from multiple authoritative real estate information platforms in China, including:

• China Housing Price Market (中国房价行情)中国房价行情
• 58.com (58同城)58同城
• Anjuke (安居客)安居客
• Leju (乐居)乐居
• Fang.com (房天下)房天下

The data represents the average housing prices (in yuan per square meter) for all types of residential properties in each district, covering the period from 2020 to 2025.

2.2 Data Analysis Methods

The following analytical approaches were employed:

• Calculation of year-on-year changes in housing prices for each district
• Computation of overall price changes (both absolute and percentage) over the five-year period
• Ranking and categorization of districts based on their 2025 housing prices
• Visualization of trends through time-series charts, bar graphs, and comparative analyses

3. Overall Housing Price Trends in Nanjing (2020-2025)

3.1 City-wide Average Price Trend

The overall housing price trend in Nanjing shows a pattern of initial stability followed by a rise and then a significant decline. The city-wide average housing price increased slightly from 24,982 yuan/m² in 2020 to 26,631 yuan/m² in 2022, representing a peak with a 6.6% increase from the 2020 level. However, prices began to decline from 2023 onwards, reaching 21,617 yuan/m² by 2025, which represents a 13.5% decrease from the 2020 level.

资料来源： 安居客58同城

This trend suggests that Nanjing's housing market experienced a correction phase after 2022, with prices adjusting downward significantly in the most recent years.

3.2 Price Distribution by District Categories (2025)

As of 2025, Nanjing's districts can be categorized into three distinct price tiers:

1. High-price districts (≥30,000 yuan/m²): Jianye, Gulou, Qinhuai, and Xuanwu
2. Medium-price districts (15,000-30,000 yuan/m²): Qixia, Jiangning, Yuhuatai, and Pukou
3. Low-price districts (<15,000 yuan/m²): Liuhe, Lishui, and Gaochun

资料来源： 中国房价行情中国房价行情

This distribution shows that Nanjing's housing market is relatively balanced across the three price categories, with a slight emphasis on the high and medium price ranges.

4. District-by-District Housing Price Analysis

4.1 Housing Price Rankings (2025)

The following chart shows the ranking of all eleven districts based on their average housing prices in 2025:

资料来源： 中国房价行情安居客

The ranking reveals a significant price gap between the top-tier districts (Jianye, Gulou, Qinhuai, and Xuanwu) and the bottom-tier districts (Liuhe, Lishui, and Gaochun). The price in Jianye District (40,604 yuan/m²) is more than five times higher than that in Gaochun District (7,211 yuan/m²), highlighting the substantial disparity in housing values across different areas of the city.

4.2 Price Change Analysis (2020-2025)

The following chart illustrates the percentage change in housing prices for each district from 2020 to 2025:

资料来源： 今日头条58同城

This analysis reveals that only two districts—Jianye and Gaochun—experienced positive growth in housing prices over the five-year period, with Jianye showing a remarkable 18.57% increase. All other districts saw price decreases, with Yuhuatai experiencing the most significant decline at -37.98%.

4.3 Comparative Price Trends Across All Districts (2020-2025)

The following chart shows the housing price trends for all eleven districts over the five-year period:

资料来源： 安居客安居客

This comprehensive view reveals several important patterns:

1. Price Stability (2020-2021): Most districts maintained relatively stable prices during this period.
2. Price Peak (2022-2023): Several districts, particularly Jianye and Gulou, experienced significant price increases during this period, reaching their peak values.
3. Price Correction (2024-2025): Almost all districts saw price decreases during this period, with varying degrees of decline.
4. Divergent Trends: While most districts followed the general pattern of rise and fall, Jianye District showed a unique trend by maintaining much of its gained value even during the correction phase.

4.4 Comparison of 2020 and 2025 Prices

The following chart provides a direct comparison between housing prices in 2020 and 2025 for each district:

资料来源： 今日头条58同城

This comparison clearly illustrates the changes in housing prices over the five-year period. Notably:

1. Jianye District is the only area that saw a substantial increase in housing prices.
2. Gulou District maintained relatively stable prices with only a slight decrease.
3. Most other districts experienced significant price decreases, with Yuhuatai showing the most dramatic decline.
4. The low-price districts (Liuhe, Lishui, and Gaochun) remained relatively stable, with only minor changes in their already low price levels.

5. Detailed Analysis by District Groups

5.1 High-Price Districts (≥30,000 yuan/m²)

Jianye District

Jianye District stands out as the most expensive area in Nanjing as of 2025, with an average housing price of 40,604 yuan/m². More remarkably, it is the only district that experienced substantial price appreciation over the five-year period, with an 18.57% increase from 2020. The district's price trajectory shows a significant jump between 2021 and 2022, followed by a slight correction and then another increase in 2025. This exceptional performance may be attributed to Jianye's status as a prime location housing Nanjing's financial center and high-end residential communities今日头条.

Gulou District

With an average price of 35,372 yuan/m² in 2025, Gulou District ranks second in Nanjing. Despite experiencing a peak of 43,426 yuan/m² in 2022-2023, prices have since corrected, resulting in a modest 2.41% decrease over the five-year period. Gulou's relatively stable high prices reflect its status as one of Nanjing's traditional central districts with excellent educational resources and urban amenities.

Qinhuai District

Qinhuai District's housing prices decreased from 38,489 yuan/m² in 2020 to 32,062 yuan/m² in 2025, representing a 16.7% decline. Despite this significant drop, it remains the third most expensive district in Nanjing, highlighting its enduring appeal as a historical and cultural center of the city.

Xuanwu District

Xuanwu District experienced a 15.34% price decrease over the five-year period, with prices falling from 35,920 yuan/m² to 30,410 yuan/m². Like other central districts, it saw a price peak around 2021-2022 before declining in subsequent years. Despite this correction, it remains in the high-price tier due to its central location and proximity to key amenities.

5.2 Medium-Price Districts (15,000-30,000 yuan/m²)

Qixia District

Qixia District saw one of the larger price decreases among Nanjing's districts, with prices falling by 25.02% from 28,078 yuan/m² in 2020 to 21,052 yuan/m² in 2025. The district experienced a price peak in 2022-2023 before a sharp correction in 2024-2025.

Jiangning District

Jiangning District's housing prices decreased by 23.15% over the five-year period, from 25,695 yuan/m² to 19,747 yuan/m². This significant correction reflects changing market dynamics in this rapidly developing district.

Yuhuatai District

Yuhuatai District experienced the most dramatic price decline among all districts, with prices falling by 37.98% from 29,421 yuan/m² in 2020 to 18,248 yuan/m² in 2025. This substantial correction may indicate an overvaluation in the earlier years or specific local factors affecting demand.

Pukou District

Pukou District saw a 20.22% decrease in housing prices, from 20,035 yuan/m² to 15,983 yuan/m². This places it at the lower end of the medium-price tier, potentially making it an attractive option for buyers seeking more affordable housing within reasonable proximity to the city center.

5.3 Low-Price Districts (<15,000 yuan/m²)

Liuhe District

Liuhe District experienced a relatively modest 6.99% decrease in housing prices, from 10,608 yuan/m² to 9,867 yuan/m². The smaller percentage change compared to many other districts suggests a more stable market in this lower-priced area.

Lishui District

Lishui District saw a 19.55% decrease in housing prices, from 8,982 yuan/m² to 7,226 yuan/m². Despite this significant percentage drop, the absolute change is relatively small compared to higher-priced districts.

Gaochun District

Gaochun District is unique among the low-price districts in that it experienced a slight increase in housing prices, rising by 1.81% from 7,083 yuan/m² to 7,211 yuan/m². While this growth is modest, it stands in contrast to the general downward trend observed across most of Nanjing, potentially indicating some positive development factors in this outlying district.

6. Key Findings and Conclusions

6.1 Summary of Major Trends

1. Overall Market Correction: Nanjing's housing market experienced a significant correction between 2020 and 2025, with the city-wide average price decreasing by 13.5%. This correction was particularly pronounced after 2022-2023, which appears to have been the peak period for housing prices across most districts.

2. Divergent District Performance: While most districts followed the general pattern of price decline, there were notable exceptions. Jianye District bucked the trend with an 18.57% price increase, while Gaochun District showed a modest 1.81% appreciation. These outliers suggest that location-specific factors can significantly influence price trajectories even within a generally correcting market.

3. Price Tier Stability: Despite the price fluctuations, the relative positioning of districts in terms of price tiers remained largely stable. The traditional central districts (Jianye, Gulou, Qinhuai, and Xuanwu) maintained their status as high-price areas, while the outlying districts (Liuhe, Lishui, and Gaochun) remained in the low-price category.

4. Varying Correction Magnitudes: The extent of price correction varied significantly across districts, ranging from a modest 2.41% decrease in Gulou to a dramatic 37.98% decline in Yuhuatai. This disparity suggests different levels of price sustainability and market resilience across the city.

6.2 Implications

1. Investment Considerations: The divergent price trends across districts suggest that location-specific factors are increasingly important for real estate investment decisions in Nanjing. Areas like Jianye that have demonstrated price resilience or growth may offer better long-term investment prospects.

2. Affordability Improvements: The general price correction has improved housing affordability in most districts, potentially benefiting first-time homebuyers and those looking to upgrade their housing.

3. Market Maturation: The price correction may indicate a maturation of Nanjing's housing market, moving away from speculative growth toward more sustainable, value-based pricing.

4. District Development Patterns: The price trends provide insights into the effectiveness of urban development initiatives across different districts. Areas maintaining or increasing their value likely benefit from successful urban planning and infrastructure development.

6.3 Limitations and Future Research Directions

This report is based on average housing prices across all residential property types, which may mask variations within specific market segments (e.g., luxury apartments, affordable housing). Future research could benefit from:

1. Segmenting the analysis by property types and sizes
2. Incorporating transaction volumes to assess market liquidity alongside prices
3. Analyzing the impact of specific policy interventions on housing prices
4. Examining the relationship between housing prices and demographic shifts across districts
5. Investigating the influence of transportation infrastructure development on district-level price trends

7. Conclusion

The housing price trends in Nanjing's various districts over the past five years reveal a market in transition. After a period of price appreciation culminating around 2022-2023, most districts have experienced a significant correction, bringing prices to levels below those seen in 2020. However, this general trend masks important variations across districts, with some areas demonstrating remarkable resilience or even growth against the prevailing downward pressure.

The spatial distribution of housing prices continues to reflect Nanjing's urban structure, with central districts commanding premium prices despite the correction. The persistence of clear price tiers suggests that fundamental factors such as location, amenities, and infrastructure continue to drive valuation differences across the city.

As Nanjing's housing market continues to evolve, these district-level trends provide valuable insights for various stakeholders, from policymakers and urban planners to investors and prospective homebuyers. Understanding these patterns is essential for making informed decisions in a complex and dynamic real estate environment.