

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.
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.
Sales by year as a table
| Year | Sales | Median price | Per m² floor | Per m² land (est.) | Palmerston median |
|---|---|---|---|---|---|
| 2026 | 23 | $400,000 | $3,571 | $113 | $410,000 |
| 2025 | 19 | $409,000 | $3,495 | $124 | $405,000 |
| 2024 | 30 | $395,250 | $3,334 | $122 | $410,000 |
| 2023 | 23 | $360,000 | $3,786 | $116 | $400,000 |
| 2022 | 21 | $300,000 | $3,939 | $115 | $335,000 |
| 2021 | 47 | $395,000 | $3,207 | $91 | $390,000 |
| 2020 | 55 | $275,000 | $2,423 | $64 | $275,000 |
| 2019 | 21 | $250,000 | $1,944 | $66 | $252,500 |
| 2018 | 33 | $205,000 | $1,923 | $62 | $204,250 |
| 2017 | 35 | $193,000 | $1,744 | $51 | $205,000 |
| 2016 | 43 | $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.
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.
| Bedrooms | Homes | Median council value | Sold, last 12 months | Median sale | Per m² floor |
|---|---|---|---|---|---|
| 1 | 6 | $268k | 0 | — | $4,375 |
| 2 | 73 | $315k | 6 | $390k | $3,601 |
| 3 | 286 | $390k | 18 | $413k | $3,413 |
| 4 | 58 | $580k | 1 | — | $2,910 |
| 5+ | 12 | $535k | 2 | — | $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.
Recent sales in Palmerston
- 18 Stronsa Street$450,00015 Jul 2026 · 3 bed · 108 m² floor · 630 m² land
- 91 Ronaldsay Street$325,0003 Jul 2026 · 3 bed · 91 m² floor · 885 m² land
- 78 Ronaldsay Street$325,00029 Jun 2026 · 3 bed · 110 m² floor · 1,012 m² land
- 24 Roseness Street$510,0007 Jun 2026 · 3 bed · 116 m² floor · 1,012 m² land
- 45 Mull Street$580,00028 May 2026 · 3 bed · 240 m² floor · 1,012 m² land
- 43 Copinsha Street$390,0007 May 2026 · 3 bed · 102 m² floor · 1,012 m² land
- 26 Brough Street$480,0001 May 2026 · 4 bed · 146 m² floor · 1,789 m² land
- 50 Kirkwall Street$295,0001 May 2026 · 3 bed · 102 m² floor · 1,012 m² land
- $100,00013 Apr 2026 · 1,684 m² land
- 30 Roseness Street$645,00010 Apr 2026 · 5 bed · 145 m² floor · 1,012 m² land
- 54 Burraness Street$485,0002 Apr 2026 · 3 bed · 150 m² floor · 1,012 m² land
- $400,00031 Mar 2026 · 2 bed · 105 m² floor
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.
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%).
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:
- Mandy ElliottArizto11 sales here
- Sandra ClarkOne Agency The Property Specialists5 sales here
- Leanne BlackBe Real Estate2 sales here
- Leona StretchProfessionals North Otago1 sale here
- Craig MansonLJ Hooker Mosgiel1 sale here
- Emma BuchananLJ Hooker Mosgiel1 sale here
Rachel JonesBayleys (Otago Realty Group)1 sale here- Leeanne SchievingHarcourts Oamaru1 sale here
- Ganesh RoutThe Rout Group1 sale here
- Renee PerenaraThe Rout Group1 sale here
- Helen FlintoffColliers Alexandra1 sale here
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
- 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
- Auskerry Street26
- Boundary Road2
- Brough Road1
- Brough Street31
- Burraness Street28
- Clark Street1
- Copinsha Street29
- Craig Street17
- District Road40
- Dunback Road19
- Factory Road3
- Falcon Street6
- Gilligan Street22
- Goodwood Road7
- Guffie Road1
- Hampden-Palmerston Road8
- Horse Range Road7
- Hughes Road3
- John Street1
- Kirkwall Street27
- McKenzie Street6
- Mill Road4
- Muir Street2
- Mull Street32
- Pagan Road2
- Palmerston-Dunback Road2
- Ronaldsay Street92
- Roseness Street45
- Runbrake Street21
- Sanday Street17
- Start Street5
- Stour Street9
- Stromness Street25
- Stronsa Street27
- Switchback Road3
- Taieri Peak Road6
- Thomas Street10
- Tiverton Street62
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).























