House Prices in Auckland

Upmarket House, New Zealand
Upmarket House, New Zealand

Average House Prices for Selected Auckland House Types 2016 – 2020

Property Typemid 2020mid 2019mid 2018mid 2017mid 2016
House with 5+ bedrooms$1,389,250$1,271,600$1,335,650$1,396,300$1,294,850
House with 3 – 4 bedrooms$964,000$890,950$911,450$922,850$876,850
House with 1 – 2 bedrooms$729,000$639,000$659,500$686,700$641,550

Market Analysis

The prices in the table above are average asking prices taken over a 3 month period, sourced by Trade Me Property.

This method uses an “80% truncated mean” of the expected sale price. This method excludes the upper and lower 10% of listings by price, and then averages the expected sale prices of the remaining properties.

Trade Me Property’s Aaron Clancy said “The July asking price in the Auckland region was up by 7.8% when compared with July last year, sitting at $943,950. In Auckland City, the average asking price was $1,088,250 – a 9% increase on the same month in 2019.”

According to the data from REINZ, the Auckland region median house price increased in the last 12 months to October 2020 to $1,000,000.

Their October 2020 report noted that, “With Auckland City ($1,200,000), Manukau City ($1,001,000 – a new record) and North Shore City ($1,150,000) all having median house prices in excess of $1 million it’s not surprising that the Auckland region hit the million-dollar mark.”

In Barfoot and Thompson’s October 2020 update their Auckland average sales price for the month was $1,045,104.

Peter Thompson, Managing Director of Barfoot & Thompson said, “While there is strong interest in property from first time buyers and investors, the vast majority of homes continue to be bought by existing property owners who are moving forward with their lifestyle decisions in terms of their housing ambitions.”

He continued, “For existing homeowners the financial gap between their present and next home is manageable, and they are taking advantage of low interest rates to transition to the next stage of their lives.”

Average Sale Price in the Auckland Regions 2016 – 2020

Location12 months to Sept-2012 months to Sept-1912 months to Sept-1812 months to Sept-1712 months to Sept-16
Central Auckland $701,485$691,653$596,383$566,540$680,272
Central Suburbs$1,226,740$1,078,233$1,094,875$1,069,001$1,023,228
Eastern Suburbs$1,248,935 $1,213,248$1,183,975$1,191,281$1,112,488
Franklin / Manukau Rural$783,474$763,413$692,790$817,263$722,699
North Shore$1,121,861$1,066,114 $1,098,840$1,101,571$1,074,227
Pakuranga / Howick$1,170,951$1,066,184$1,078,966$1,099,961$1,041,581
Rodney$972,413 $926,993$899,511$932,941$877,492
South Auckland$764,863 $718,732$721,035$740,995$694,880
West Auckland$856,323$804,128$779,174$789,190$778,652

The prices in the table above are average sale prices sourced by Barfoot and Thompson over 12 month periods.

Auckland house prices from 2012 – 2017 are tabled on this page.

Return to the NZ House Prices page.

4 thoughts on “House Prices in Auckland”

  1. No most auckland houses are stand alone 3 bedroom dwellings squeezed into someones backyard.

    There are allot of apartment options in the city centre, not much in the way of terraced houses

  2. Are most Auckland residences, apartments/flats, and what is the quality of them? By this I mean what size are they and what amenities and views do they have? Also what is the range of prices within each administrative region?

    1. No, not all; only city side areas have apartments and beyond that single or multi-storey homes with a little bit of space around. Recommended size to buy an apartment is 50 sq m, banks are reluctant to finance smaller than this size. Prices vary depending on closeness to motorway, business area, amenities, etc.

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