Taranaki Property Market Update
April vs May 2025
What's happening in the Taranaki property market?
Nationwide Snapshot: Buyer Energy Returns
Median Price (NZ)
$763,000
April: $781K, May: $763K
Sales Count (NZ)
7,166
April: 6,427, May: 7,166
Days to Sell (NZ)
47 days
April: 42, May: 47
More homes are selling, but buyers are taking their time. While prices dipped slightly, the uptick in sales shows growing buyer activity. Expect things to stay active—just a little more considered.
Taranaki in Focus: Steady Sales, Softening Prices
Median Price
$585,000
April: $620K, May: $585K
Sales Count
182
April: 169, May: 182
Days to Sell
42 days
April: 44, May: 42
Taranaki’s median price softened $35,000 from April, but remained slightly above May 2024 levels. Meanwhile, sales volume increased, and homes sold slightly faster—indicating that while buyers are cautious, they’re still active.
Taranaki Market Highlights
Prices Adjust, but Confidence Remains
May’s $585K median price reflects both seasonal slowing and buyer caution. Still, it's up 1.7% year-on-year, showing stability overall.
Sales Volume Rises
With 182 homes sold, May saw the highest monthly sales count since the start of 2025—a strong sign of movement in the market.
Days to Sell Shortens
Homes sold two days faster than in April, suggesting realistic vendor pricing and continued buyer demand.
Market Sentiment: What Local Agents Are Saying
- Owner-occupiers continue to lead the activity, but investors and first-home buyers are returning—a sign that confidence may be warming up.
- Open home attendance dipped, largely due to cooler weather and more listings coming online.
- Some vendors are still hoping to "wait it out" for higher prices, but the most successful are pricing to meet the market.
- Local agents expect a slower winter ahead, but with interest rates dropping, the mood is cautiously optimistic.
What to Watch This Winter
More Listings:
Buyers will have more choice but may still hesitate. Vendors need to stand out with sharp pricing and solid presentation.
Interest Rate Movement:
OCR drops could tempt more fence-sitters into action.
Winter Strategy:
Highlight heating, insulation, and comfort—it’s what winter buyers are after.
Tips for Locals
If You’re Selling:
- Don’t overprice—well-priced homes are moving.
- Highlight cosy, winter-friendly features.
If You’re Buying:
- Be ready—more listings might land, but the good ones still go fast.
- Look beyond aesthetics—think location, potential, and heating!
Final Word
Taranaki is showing its classic strength: steady, grounded, and still moving. While national prices pull back, our region is holding firm. With more listings, stable values, and signs of growing buyer activity, winter might just be a window of opportunity.
