731 properties · Palmerston

Palmerston house prices and sales

Palmerston's median sale price over the last twelve months was $410k, across 30 sales, up 2% on the twelve months before.

$410kmedian sale, last 12 months · 30 sales · up 2%
$355kmedian council valuation
6.3 yrsmedian time between sales
1for sale now
PalmerstonPalmerston ×

751 properties in Palmerston

About Palmerston

Two-bedroom homes sold for a median $390k and three-bedroom homes for $413k. Homes sold for a median $3,482 per square metre of floor over the last twelve months. Homes in Palmerston change hands every 6.3 years on median, against 6.6 across Palmerston and 7.9 nationally. About 4.1% of its homes sold in the last twelve months.

Schools zoned for Palmerston

  • Palmerston Schoolprimary · Years 1-6
  • East Otago High Schoolsecondary · Years 7-15

Palmerston house prices over time

Median sale price by year, all homes; 2026 is the year so far. Palmerston's median sale price over the last twelve months was $410k, across 30 sales, up 2% on the twelve months before. Across Palmerston it was $410k.

2016: $173k (43 sales)$173k20162017: $193k (35 sales)2018: $205k (33 sales)20182019: $250k (21 sales)2020: $275k (55 sales)20202021: $395k (47 sales)2022: $300k (21 sales)20222023: $360k (23 sales)2024: $395k (30 sales)20242025: $409k (19 sales)$409k2026: $400k (23 sales, this year so far)$400k2026
Sales by year as a table
YearSalesMedian pricePer m² floorPer m² land (est.)Palmerston median
202623$400,000$3,571$113$410,000
202519$409,000$3,495$124$405,000
202430$395,250$3,334$122$410,000
202323$360,000$3,786$116$400,000
202221$300,000$3,939$115$335,000
202147$395,000$3,207$91$390,000
202055$275,000$2,423$64$275,000
201921$250,000$1,944$66$252,500
201833$205,000$1,923$62$204,250
201735$193,000$1,744$51$205,000
201643$173,000$1,472$52$178,500

Estimated value, month by month

Our model's median estimate for homes in Palmerston, down 1% over the last twelve months. An automated estimate, not a registered valuation.

Nov 2024: $367kDec 2024: $367kJan 2025: $368kFeb 2025: $367kMar 2025: $366kApr 2025: $368kMay 2025: $367kJun 2025: $365kJul 2025: $365kAug 2025: $366kSept 2025: $367kOct 2025: $366kNov 2025: $369kDec 2025: $370kJan 2026: $368kFeb 2026: $371kMar 2026: $372kApr 2026: $371kMay 2026: $371kJun 2026: $367kJul 2026: $366kAug 2026: $367kSept 2026: $367kOct 2026: $364k$367k$372k$364kNov 2024Oct 2026
Scale $360k to $375k, not from zero.

Prices by bedrooms in Palmerston

Over the last twelve months, 2-bedroom homes sold for a median $390k, 3-bedroom homes sold for a median $413k.

BedroomsHomesMedian council valueSold, last 12 monthsMedian salePer m² floor
16$268k0—$4,375
273$315k6$390k$3,601
3286$390k18$413k$3,413
458$580k1—$2,910
5+12$535k2—$2,111

Price per square metre

Homes in Palmerston sold for a median $3,482 per square metre of floor over the last twelve months, land included (Palmerston: $3,669); the land under houses sold for an estimated $119 per square metre (Palmerston: $117). A sale price is not split between land and house, so the land figure gives the land the council's share of each sale — the land value as a part of the capital value at the last revaluation.

$3,482per m² of floor, land included, sales in the last 12 months
$119per m² of land, estimated from house sales in the last 12 months
$3,250per m² of floor, council capital values
$114per m² of land, council land values of houses

Recent sales in Palmerston

How long owners stay in Palmerston

Homes in Palmerston change hands every 6.3 years on median, against 6.6 across Palmerston and 7.9 nationally.

6.3 yearsmedian time between sales, Palmerston
6.6 yearsPalmerston
7.9 yearsNew Zealand
4.1%of homes sold in the last 12 months (Palmerston: 2.8%)

By kind: houses 7.3 years.

Time between a home's sales, for homes that resold in the last five years. A home not sold since our records begin is not counted, so owners who stay longest are under-represented.

Who lives in Palmerston

About 1,059 people lived in Palmerston at the 2023 census (up 12% since 2018); their median age was about 48 (Palmerston: 48); 80% of households owned their home (Palmerston: 80%).

1,059people, 2023 (2018: 945)
48median age, about (Palmerston: 48)
$63kmedian household income, about (Palmerston: $79k)
80%of households own their home (2018: 77%)

Age

  • 30-64 years44%
  • 65 years and over25%
  • Under 15 years16%
  • 15-29 years14%

Households

  • One-family household (with or without other people)57%
  • One-person household38%
  • Other multi-person household3%
  • Two-family household (with or without other people)0%
  • Three or more family household (with or without other people)0%

Ethnicity

  • European90%
  • Māori15%
  • Pacific Peoples3%
  • Other Ethnicity2%
  • Asian2%
  • Middle Eastern/Latin American/African1%

Where people were born

  • New Zealand87%
  • United Kingdom and Ireland4%
  • Australia3%
  • Middle East and Africa3%
  • Asia1%
  • North America1%
  • Europe (excl United Kingdom and Ireland)1%
  • Pacific Islands0%

Household income

  • $30,001-$50,00019%
  • $70,001-$100,00016%
  • $100,001-$150,00016%
  • $20,001-$30,00014%
  • $50,001-$70,00013%
  • $20,000 or less8%
  • $150,001-$200,0008%
  • $200,001 or more2%

Dwellings

  • Separate house89%
  • Joined dwelling8%
  • Non-private dwelling3%
  • Other private dwelling2%

Highest qualification

  • No qualification28%
  • Level 1 certificate15%
  • Level 3 certificate12%
  • Level 4 certificate12%
  • Level 2 certificate11%
  • Bachelor degree and Level 7 qualification6%
  • Level 6 diploma5%
  • Level 5 diploma4%

Stats NZ Census 2023 and 2018, summed over the census areas inside Palmerston. Medians are approximate: Stats NZ publishes them per area and they cannot be added up exactly.

Real estate agents selling in Palmerston

11 agents have been credited on a sale or a live listing in Palmerston in the last two years. Those with the most:

All 11 real estate agents in Palmerston, with their recent sales and which agencies sell the suburb.

Counted from sales records that name the agent, and from current listings. A count of activity, not a rating.

Building and resource consents in Palmerston

19building consents in the last 12 months ($722k of work)
  • 96 District Road1 Jul 2026 · Building consentInstall refurbished pellet fire in dwg
  • 28 Stromness Street1 Jul 2026 · Building consentConstruction of a il2 versatile 600 series gge amendment 1: mdf v gib - sheet lining installed as a bracing system in accordance with branz appraisal 779 goldenedge mdf panelbrace wall bracing systems
  • 48 Craig Street1 Jul 2026 · Building consentRbw - pbc e2e: alterations to the existing single storey dwg & detached gge. Main dwg to include new roofing, external entry, outdoor awning, kitchen & bathrm renovations. Detached
  • 116 District Road1 Jun 2026 · Building consentRemove wall, install beam to enlarge living room in dwg
  • 16 Mull Street1 Jun 2026 · Building consentInstallation of a free-standing woodsman flare woodburner & heat saver flue kit with dektite soaker flashings

Search building consents in Palmerston and see Stats NZ's count of new homes there.

Sales and valuations as at 18 September 2026, from council and LINZ records. Figures resting on fewer than 5 sales are not shown.

Streets in Palmerston

About property in Palmerston

Every property in Palmerston, whether it is for sale or not: homes, sections, farms, lifestyle blocks, shops, offices and industrial land. Each is listed from the council rating roll and Toitū Te Whenua LINZ, with the listing beside it when an agent is marketing it.

Each property has its own page: our estimate of its value beside the council rating valuation, past sale prices, the title and land area, zoning and hazards, building consents, and what it would cost to own.

Listings are published by the agents who market them. Addresses, land details and rating valuations come from Toitū Te Whenua Land Information New Zealand and from the council. No ownership information is published.

Header photo: Jamie Wang, CC BY-SA 2.0, via Wikimedia Commons (licence).