N E L S O N
R E G I O N
PROUDLY PRESENTING PROPERTY MARKET INSIGHTS
REGIONAL COUNCIL MEDIAN PRICES (% CHANGE) IN THE LAST 12 MONTHS
NORTHLAND $675K 2.3%
NEW ZEALAND $780K 0.6% AUCKLAND $992K 0.2%
NELSON REGION $705K -0.7%
BAY OF PLENTY $810K 0% GISBORNE $640K 2.4%
WAIKATO $772K 1.4%
HAWKE’S BAY $675K -1.7%
TARANAKI $605K -0.8%
TASMAN $800K 0%
NELSON $705K -0.7%
MANAWATU-WHANGANUI $535K 0% WELLINGTON $765K -1.4% MARLBOROUGH $656K 0.9%
WEST COAST $420K 7.7%
CANTERBURY $710K 2.9% OTAGO $720K 3.6% SOUTHLAND $510K 6.3% Source: REINZ
REGIONAL COUNCIL SALES VOLUME (% CHANGE) IN THE LAST 12 MONTHS
NORTHLAND 2,151 -0.6%
NEW ZEALAND 79,089 -0.8% AUCKLAND 24,309 -0.3%
NELSON REGION 886 1.8%
BAY OF PLENTY 5,120 -0.2% GISBORNE 462 -4.7%
WAIKATO 7,931 -1.3%
HAWKE’S BAY 2,423 -8.2%
TARANAKI 1,876 -0.2%
TASMAN 836 -6.6%
NELSON 886 1.8%
MANAWATU-WHANGANUI 3,821 -1.6% WELLINGTON 7,133 -5.3% MARLBOROUGH 851 -11.5%
WEST COAST 510 6.3%
CANTERBURY 13,933 2.6% OTAGO 4,844 1.2% SOUTHLAND 1,936 2.0% Source: REINZ
Nelson's 12-month rolling median sale price, as of August 2026, stood at approximately $705K. This reflects a marginal decline of approximately $5K, or 0.7%, compared to this same month last year. The median has seen a slight softening over the past quarter, moving from $715K in May 2026, yet the longer-term performance maintains a solid position. Property values have recorded a gain of approximately $24K over the last five years since August 2021. Notably, over the past decade, the median price has experienced a significant increase of approximately $257K, or 57.4%, since August 2016.
Nelson Region recorded a 12-month rolling sales volume of 886 in August 2026, marking a solid gain of 1.8% (+16 sales) compared to the same period last year. This performance represents a shift from the decade-long trend, with volumes down 9.8% (-96 sales) over the past ten years. However, recent short-term patterns reflect a softening in market activity. Since reaching a peak in January 2026, the 12-month rolling sales volume has generally trended downwards, reflecting more constrained transaction levels across the recent months.
The Nelson Region's 12-month rolling median days to sell stood at 42 in August 2026. This figure reflects no change from this same month last year, maintaining a steady market pace. Compared to this same month 10 years ago, the median days to sell has increased by 16 days, representing a notable lengthening of the sales cycle over the decade. This current stability has occurred alongside a significant decrease in days to sell since three years prior, when the median was 10 days higher, moving from 52 to the current 42 days.
New listings in Nelson Region over the past 12 months to August 2026 recorded a modest 0.1% monthly gain in August, reaching 1354 properties. This reflects a measured increase in vendor activity, with the latest figures representing a solid 4.0% annual increase compared to August 2025. Listings are also up significantly by 13.8% from two years prior (August 2024), maintaining Nelson's robust supply-side performance. While below 2022 levels, the region continues to show sustained growth in new stock, reinforcing current market dynamics.
rwnelson.co.nz KPV Real Estate Limited (REAA 2008)