As at February 2024, the median house price in Hawke’s Bay is $675,000. This is up from $315,000 10 years earlier. That means that the median Hawke’s Bay property increased in value by 7.92% each year, or $36,000 on average.
The most expensive suburb in Hawke’s Bay is Jervoistown, which has a median house price of $1,167,650 and is located in the Napier City district. That means that Jervoistown’s median house price is 173% of Hawke’s Bay’s median.
The least expensive suburb in Hawke’s Bay is Maraenui, which has a median house price of $487,100 and is located in the Napier City district. That means that Maraenui’s median house price is 72% of Hawke’s Bay’s median.
Over the last 24 months (Mar 2022 – Mar 2024), Otane had the fastest-growing house prices in all of Hawke’s Bay, at -4% per year.
The suburb that grew the slowest over that period was Bluff Hill, which grew at a rate of -11% per year.
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