The Turangi Real Estate

The Tūrangi property market has maintained a steady level of activity heading into spring, with buyer confidence showing resilience despite longer selling timeframes. According to REINZ, the median sale price increased by 28.23% year-on-year, rising from $550,000 in October 2024 to $705,250 this October. This growth highlights a gradual strengthening in local property values, supported by steady buyer demand and the continued appeal of the Southern Lake region.

While prices have lifted, median days on market increased from 35 to 104, reflecting a slower overall pace of transactions compared with last year. This shift suggests that while interest remains solid, buyers are taking more time to assess opportunities and negotiate within a broader range of available listings.

Sales volumes have remained consistent across the lower to mid-price brackets, particularly within the $300,000–$700,000 range, where both owner-occupiers and investors continue to be active. The market for sections remains limited, with few new land sales occurring during the month.

As Tūrangi heads toward the busy summer tourism period, buyer interest is expected to hold steady, especially as regional visitation increases and the upcoming holiday season draws new attention to the area. Overall, local conditions remain balanced, and with demand continuing to outpace new supply, well-presented homes priced in line with current market expectations are best placed to attract genuine offers in the months ahead.
Source: REINZ, October 2025