REINZ reported a median sale price of $1,505,000 for Queenstown-Lakes District in September 2026, 1% below the $1,520,000 median of September 2025. Compared with the same month a year earlier, the monthly change across the 13 months ranged from -1% to +23.7% (January 2026). The district includes markets beyond Queenstown.
| Month | Median sale price | Same month a year earlier | Change |
|---|---|---|---|
| September 2025 | $1,520,000 | $1,340,000 | 13.4% |
| October 2025 | $1,560,000 | $1,375,000 | 13.5% |
| November 2025 | $1,401,000 | $1,350,000 | 3.8% |
| December 2025 | $1,415,000 | $1,360,000 | 4% |
| January 2026 | $1,720,000 | $1,390,000 | 23.7% |
| February 2026 | $1,580,000 | $1,450,000 | 9% |
| March 2026 | $1,550,000 | $1,460,000 | 6.2% |
| April 2026 | $1,620,000 | $1,500,000 | 8% |
| May 2026 | $1,560,000 | $1,390,000 | 12.2% |
| June 2026 | $1,575,000 | $1,450,000 | 8.6% |
| July 2026 | $1,585,000 | $1,475,000 | 7.5% |
| August 2026 | $1,542,500 | $1,555,000 | -0.8% |
| September 2026 | $1,505,000 | $1,520,000 | -1% |
The median reflects the mix of properties that sold in the month. A month with several high-value sales, or few sales overall, can lift or lower the figure without any change in what a particular home is worth. January 2026, with 71 sales, shows the largest change in the table.
Use them as context for the market, not as a value for a home. A property’s value depends on its location, outlook, condition and the buyers in the market, so ask for recent comparable sales alongside the district figures.
Source: REINZ New Zealand Property Report, September 2026, published 14 October 2026; REINZ Market Insights, Queenstown-Lakes District, monthly figures September 2025 to September 2026, accessed 10 November 2026. Residential categories include residences, units, apartments, townhouses, home and income, and residential investment blocks; sections and lifestyle blocks excluded. These are REINZ figures for the whole district, which includes markets beyond Queenstown. Ray White Queenstown is not speaking on behalf of REINZ.
Last updated: 10 November 2026. Ray White Queenstown, 1 Church Lane, Queenstown 9300. Phone +64 3 450 2040. Licensed as Wakatipu Realty Group Limited (REAA 2008). See the monthly market update, or request a free appraisal.