The Key Real Estate's monthly Property Report provides an overview of the property market in Rotorua, the Bay of Plenty, and nationwide. Here are the key highlights from the report.
Median prices for residential property remained the same at $770,000 from June 2024 to June 2025. Excluding Auckland, the nationwide median price increased slightly to $691,500 in June. The Bay of Plenty region had a median house price of $822,000 in June 2025, showing a 5.1% increase compared to the previous year. Compared to May 2025, the median house price remained the same. In June, the median house price in the Rotorua District was $622,500, reflecting a 1.2% increase from the previous year. Compared to May 2025, there was an increase of 2.0% in the median house price.
The number of properties sold across the country increased by 20.3% year-on-year, increasing from 4,877 to 5,865. When excluding Auckland, sales increased by 21.4%, from 3,371 to 4,091. Increased inventory means there are more properties available for sale in this area and more options for buyers to choose from.
Lizzy Ryley, REINZ CEO, noted: “Most vendors are entering the market with realistic price expectations and a willingness to adapt to current conditions, especially those motivated to sell. However, many are receiving offers below their anticipated value, prompting some to delay listing, or relisting, until spring or summer, when market activity may show signs of improvement.”
It's important to note that the Property Report is specific to the market conditions and trends mentioned in the document and may not represent the current situation at the time of your reading in July 2025. The property market can be subject to fluctuations and changes over time.
If you are interested in buying or selling property in Rotorua or the Bay of Plenty, contact Key Real Estate to get up-to-date information and guidance.
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!