REINZ October 2025 Market Report: Wellington
- Aiden Doran
- Nov 24
- 2 min read
The Wellington property market remained steady in October 2025, with modest price shifts, rising sales activity, and improving sentiment supported by easing interest rates and increased stock levels.
Key Highlights
Median price:
$767,500 (↓ 3.5% year-on-year | ↑ 0.8% month-on-month)
Sales count:
655 sales (↓ 3.1% year-on-year | ↑ 9.0% month-on-month)
Days to sell:
46 days - 5 days slower than October 2024
Market Insights
“First-home buyers continued to be the most active group in October, supported by improved lending conditions and easing rates. … Market sentiment reflected cautious confidence, influenced by easing interest rates, increased stock levels, and ongoing economic pressures. Local agents predict that over the next few months, the market will be stable, with steady activity heading into summer.”
— Lizzy Ryley, REINZ Chief Executive
District Trends
District | Median Price (Oct 25) | vs Sep 25 | vs Oct 24 | Sales (Oct 25) | vs Sep 25 | vs Oct 24 |
Carterton District | $525,000 | ↓ 4.2% | ↓ 1.7% | 22 | ↑ 83.3% | ↑ 46.7% |
Kapiti Coast District | $820,000 | ↑ 10.3% | ↑ 0.1% | 85 | ↑ 34.9% | ↓ 36.6% |
Lower Hutt City | $740,000 | ↑ 8.8% | ↑ 7.4% | 119 | ↓ 4.8% | ↓ 8.5% |
Masterton District | $483,000 | ↓ 13.4% | ↓ 19.5% | 34 | ↓ 35.8% | ↓ 12.8% |
Porirua City | $790,000 | ↓ 8.1% | ↓ 4.0% | 56 | ↑ 16.7% | ↑ 3.7% |
South Wairarapa District | $702,500 | ↑ 18.3% | ↓ 12.2% | 11 | ↑ 10.0% | ↓ 15.4% |
Upper Hutt City | $726,500 | ↑ 7.6% | ↓ 1.5% | 82 | ↑ 24.2% | ↑ 64.0% |
Wellington City | $840,000 | ↓ 3.2% | ↓ 4.5% | 246 | ↑ 9.8% | ↑ 2.1% |
Wellington Region | $767,500 | ↑ 0.8% | ↓ 3.5% | 655 | ↑ 9.0% | ↓ 3.1% |
What It Means for Buyers and Sellers
Buyers
• First-home buyers remain the most active group, supported by easing interest rates and improved lending conditions.
• Increased stock provides more choice, though competition remains for well-priced homes.
Sellers
• Realistic pricing is critical, especially in higher-value suburbs where buyer caution is more evident.
• Strongest interest continues for well-presented properties with clear value.
Investors
• Investor presence remains subdued but may lift as borrowing costs ease.
• Select pockets such as Porirua and Upper Hutt show stronger sales momentum.
Conclusion
Overall, Wellington is navigating a period of steady but cautious adjustment. While challenges persist, particularly around price expectations and economic pressures, the environment is improving for both buyers and sellers. Staying closely informed will be crucial as the market moves toward summer and into 2026.
