Christchurch Property Market

Last updated: 11 October 2026

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Christchurch City, August 2026

$691,000
median sale price
609
homes sold
+0.7%
median vs August 2025
2.75%
official cash rate

Christchurch City figures from the REINZ Monthly Property Report, August 2026, published 15 September 2026. OCR from the Reserve Bank. September data is released mid-October.

The median is up 3.3 percent on July and 0.7 percent on a year ago, while sales are down 8.6 percent.

What this means if you are selling

Buyers are paying close to what they paid a year ago, so price to recent sales in your own street and not to 2021. Across Canterbury a home took a median 44 days to sell in August, six days longer than the ten year average for August, so plan on roughly six to seven weeks and be ready to move on price early if the first fortnight is quiet.

What this means if you are buying

609 homes sold in Christchurch City in August, down 8.6 percent on the same month last year, and Canterbury was carrying 15 weeks of unsold stock, two weeks more than a year ago. Nothing is moving fast, so there is time to look properly and get a builder through. The OCR rose to 2.75 percent on 2 September, the second rise since July, so your pre-approval may stretch less far than it did in June.

How to read these numbers

Median, not average
Half of the homes sold above $691,000 and half sold below it. One very large sale does not move it.
The city is not your suburb
Christchurch City runs from Fendalton to Aranui and takes in Banks Peninsula. It also excludes Selwyn and Waimakariri, so Rolleston and Rangiora are not in this number.
One month is not a trend
A single month swings on which homes happened to sell. The median was $669,000 in July and $686,000 a year ago. Look at three months or more.
These figures get revised
REINZ updates each month's numbers as late sales are recorded. The figures here are its most recent published version, not the first release.

Previous months

Christchurch City figures from the REINZ Monthly Property Report, using REINZ's most recently published figure for each month. Days to sell is reported by REINZ at Canterbury level.

July 2026

Median $669,000 across 659 sales, the lowest median of the year so far. Canterbury's median days to sell was 42.

June 2026

Median $725,000 across 713 sales. Canterbury's median days to sell was 42.

May 2026

Median $720,000 across 738 sales. Canterbury's median days to sell was 41.

April 2026

Median $715,000 across 720 sales. Canterbury's median days to sell was 40.

March 2026

Median $711,000 across 848 sales, the busiest month of the year. Canterbury's median days to sell was 38.

February 2026

Median $725,000 across 721 sales. Canterbury's median days to sell was 52.

January 2026

Median $699,000 across 401 sales, the usual January slowdown.

December 2025

Median $726,000 across 727 sales. Canterbury's median days to sell was 37.

November 2025

Median $730,000 across 858 sales, the highest median of the ten months shown here.

Thinking about selling?

The figures above are the market. What your own home is worth is a different conversation, and it takes about twenty minutes.

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