REINZ February Market Report - Hawke's Bay

Sales in Hawke's Bay rose to 221 in February 2025, an increase from 207 in February 2024. This uptick in sales demonstrates strong buyer interest and a healthy market, with more properties changing hands as demand continues to grow.

The median sale price for homes in Hawke’s Bay also saw a notable increase. The median price climbed from $675,000 in February 2024 to $710,000 in February 2025, reflecting a steady rise in property values. This increase highlights the region's continued appeal, with property prices trending upwards as demand persists.

While the market is thriving, there was a small shift in the time it takes to sell a property. The average number of days to sell increased by 2 days, reaching 58 days in February 2025 compared to 56 days in February 2024.

Overall, the February 2025 real estate data for Hawke’s Bay paints a picture of a resilient market. With increased sales and rising prices, the region remains attractive to both buyers and sellers.