Welcome to Key Real Estate's monthly Property Report. We are excited to present the latest updates on properties for sale in Rotorua, the Bay of Plenty, and nationwide. Let's take a look at the house price highlights below! 

The median price for residential properties across the country has increased by 0.4%, from $750,000 in January 2025 to $753,000 in January 2026. However, Bay of Plenty's median house price has decreased by 4.8% to $800,000. In January, the Rotorua District's median house price was $627,500, a 2.0% increase from last year. The median nationwide price, excluding Auckland, increased by 1.4% from $691,500 in January 2025 to $700,000 in January 2026. Furthermore, month-on-month prices showed a decrease in growth, down 4.7% across the country during January. Bay of Plenty's median house price was down 4.8% compared to December, and the Rotorua District increased by $20,500. 

Lizzy Riley, REINZ CEO, noted, "Most vendor expectations were realistic, influenced by current market stability. However, some stood firm with higher price expectations. Attendance at open homes was strong in January, following built-up demand towards the end of 2025, with even properties that had been on the market for a while attracting interest." 

We hope you found this month's Property Report informative. 

With so much movement in house prices, contact Key Real Estate, your Rotorua property specialist, to find your property value!