Gisborne’s median price decreased by 4.9% year-on- year to $566,000 “Owner‑occupiers remained the most active buyer group, while investors and buyers seeking renovation opportunities were noticeably quieter.
Most vendors were receptive to feedback and adjusted their asking prices where needed. Attendance at open homes varied across the region, with new listings drawing strong interest and older properties attracting fewer visitors. Auction room attendance held steady, although clearance rates under the hammer softened. Despite this, local salespeople noted that auctions remain a preferred method of sale.
Higher fuel costs, lack of buyer urgency and fewer new listings influenced market sentiment. Local salespeople noted that towards the end of May, positivity in the market started growing, which resulted in more viewings and offers being made.”
Source: REINZ
Gisborne market update
Median house price
The median house price over the month of May.
$566,000
Number of sales
The number of sales in Gisborne over the past month.
25
Median days to sell
The average median days for a house to sell in the past month.
50