Welcome to Key Real Estate's monthly Property Report.

We'll look at properties for sale in Rotorua, the Bay of Plenty, and across the country.

Check out the house price highlights below!

Median residential property prices increased by 1.7%, from $775,000 in December 2024 to $840,000 in December 2025. Bay of Plenty's median house price was $840,000, corresponding with nationwide prices and an annual increase of 1.4%. In December, the Rotorua District's median house price was $600,000, a 7% decrease compared to last year. The median nationwide price, excluding Auckland, was $718,000, with a rise of 2.1% compared to December 2024. Bay of Plenty's median house price was up 0.8% compared to November. The Rotorua District decreased by $30,000 or 4.8%

The total number of properties for sale nationwide increased by 3.1% from December 2024 to 30,390 in December 2025. The Bay of Plenty has decreased inventory by one week since December 2024. 

Generally, vendors were realistic regarding the asking price. However, a few still held higher expectations for their property. Attendance at open homes was average, but as expected, leading up to the holiday break.

Lizzy Ryley, REINZ CEO, noted: "Looking ahead, local salespeople cautiously anticipate steady improvement in the coming months as buyers and sellers act on decisions made over the holiday period. They also report having a healthy level of listing stock lined up for 2026.”

We hope you enjoyed this month's Property Report.

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