The Market

December 2024 saw a thriving Queenstown property market with rising prices and heightened activity in the dwellings sector. The sections market, while commanding significantly higher prices, experienced a reduction in sales volume. These trends underscore the growing desirability of Queenstown’s properties, alongside the challenges of limited supply in key segments.

As we move into 2025, the Queenstown market is poised to remain a focal point for buyers and investors alike, driven by the region’s unique lifestyle appeal and strong demand.

The average sale price for dwellings in December 2024 reached $1,537,693, representing a modest 4.1% increase compared to December 2023. The average days on market improved notably, dropping to just 50 days, signaling a more active market with quicker sales.

A significant surge in activity was evident in the total number of house sales, which more than doubled, jumping from 39 sales in December 2023 to 86 sales in December 2024. 

The sections market also experienced significant growth, with the average sale price rising to $938,571 in December 2024. The average days on market for sections saw minimal change, sitting at 156 days.

Disclaimer: Every precaution has been taken to establish the accuracy of the information contained in this report but does not constitute any representation by the publisher or licensee, interested parties must rely on their own inquiry. This report includes sales statistics up to 31 December 2024, sourced from REINZ.