The New Zealand residential property auction market showed some interesting developments during the week of April 7 to April 13, 2025. The total number of auctions across the country rose to 549, an increase of 66 from the previous week. The national success rate saw a slight improvement, reaching 33.3%. The median sale price increased marginally by 0.3% to $1,085,000, while the average sale price stood at $1,316,418.
Auckland continued to dominate the auction scene with 341 auctions, although its success rate dipped slightly by 1.6 percentage points to 31.1%. Notably, the median sale price in Auckland surged by 11.4%, reaching $1,342,500. This suggests a strong demand for higher-priced properties in the region.
In contrast, the Bay of Plenty experienced a notable decline in median sale price, dropping by 20.8% to $861,000. However, the region's success rate saw a significant boost, increasing by 17.6 percentage points to 26.3%. This could indicate a shift in buyer interest towards more affordable properties.
Northland stood out this week with a remarkable 59.2% increase in median sale price, reaching $1,034,500. This sharp rise came alongside a substantial increase in auction activity, with 34 properties going under the hammer, up by 26 from the previous week. The demand for more expensive homes in Northland may be driving this price surge.
Meanwhile, the Wellington region saw a decrease in both the number of auctions and the median sale price. The median price fell by 15.7% to $855,000, and the success rate dropped by 21.1 percentage points to 25.0%. This decline suggests a cooling market in Wellington, possibly due to changing buyer preferences or economic factors impacting affordability.
Overall, the past week's data highlights diverse trends across the regions, with some areas experiencing increased auction activity and price fluctuations. As we move forward, it will be interesting to see how these regional dynamics continue to evolve in the New Zealand property market.
New Zealand Auction Market Overview - 7 April to 13 April
Key nationwide statistics for the past week, with week-over-week (WoW) comparison:
- Total Auctions Listed: 549 (+66 WoW)
- Auctions Sold: 183
- Success Rate: 33.3% (+0.2pp WoW)
- Median Sale Price: $1,085,000 (+0.3% WoW)
- Average Sale Price: $1,316,418
- Price Range (Sold): $45,000 - $5,750,000
Regional Snapshot
| Region | Auctions Listed | Δ WoW | Success Rate | Δ WoW (pp) | Median Price | Δ WoW (%) |
|---|---|---|---|---|---|---|
| Auckland | 341 | +1 | 31.1% | -1.6pp | $1,342,500 | +11.4% |
| Bay of Plenty | 19 | -4 | 26.3% | +17.6pp | $861,000 | -20.8% |
| Canterbury | 41 | -2 | 34.1% | -17.0pp | $967,500 | +16.0% |
| Gisborne | 28 | +28 | 53.6% | +53.6pp | $560,000 | N/A |
| Hawke's Bay | 0 | 0 | 0.0% | 0.0pp | N/A | N/A |
| Manawatū-Whanganui | 2 | +1 | 50.0% | -50.0pp | $580,000 | +356.7% |
| Marlborough | 2 | +1 | 50.0% | +50.0pp | $1,750,000 | N/A |
| Northland | 34 | +26 | 29.4% | -8.1pp | $1,034,500 | +59.2% |
| Otago | 24 | +13 | 41.7% | +5.3pp | $1,410,000 | +33.9% |
| Southland | 2 | +2 | 100.0% | +100.0pp | $557,500 | N/A |
| Taranaki | 1 | +1 | 0.0% | 0.0pp | N/A | N/A |
| Tasman | 0 | 0 | 0.0% | 0.0pp | N/A | N/A |
| Waikato | 31 | -7 | 38.7% | +15.0pp | $987,500 | +28.7% |
| Wellington | 12 | -1 | 25.0% | -21.1pp | $855,000 | -15.7% |
| West Coast | 0 | 0 | 0.0% | 0.0pp | N/A | N/A |
(Note: WoW = Week-over-Week change. All figures based on available data. Success rates/prices based on sold auctions.)