REINZ recorded a median residential sale price of $1,585,000 in the Wanaka Ward of the Queenstown-Lakes District in September 2026, from 43 sales. That was 13.2% above the September 2025 median of $1,400,000. Homes took a median of 65 days to sell. Ray White Wanaka’s own settled house sales are shown separately further down this page.
| Month | Median sale price | Number of sales | Median days to sell |
| September 2026 | $1,585,000 | 43 | 65 |
| August 2026 | $1,425,000 | 30 | 100 |
| July 2026 | $1,750,000 | 26 | 49 |
| June 2026 | $1,530,000 | 38 | 63 |
| May 2026 | $1,540,000 | 49 | 68 |
| April 2026 | $1,600,000 | 64 | 57 |
Source: REINZ Statistics (Real Estate Institute of New Zealand), Market Insights Report, Wanaka Ward, Queenstown-Lakes District, April to September 2026, accessed 11 November 2026, reinz.co.nz. These are REINZ figures for the Wanaka Ward, which is wider than Ray White Wanaka’s own sales. Ray White Wanaka is not speaking on behalf of REINZ.
A monthly median reflects which homes happened to sell that month, so it can swing without the market changing. In the six months above, the median ranged from $1,425,000 in August 2026 to $1,750,000 in July 2026, while the number of sales ranged from 26 to 64 a month. Months with fewer sales are more easily moved by a handful of high or low sales, so look at several months together and at the number of sales behind each median before drawing a conclusion.
Days to sell also varied, from 49 days in July 2026 to 100 days in August 2026. A longer time to sell does not always mean lower prices; it can reflect the type of homes on the market and how they were sold (for example auction, deadline sale or negotiation). Our sale methods guide explains the options.
In the 24 months to 11 November 2026, Ray White Wanaka had 170 settled house sales in the Wanaka suburb (postcode 9305), with a median of $1,692,500. Prices ranged from $530,000 to $7,750,000. Sales in Albert Town, Lake Hawea and Luggate are not counted here, so this understates the whole patch.
| Settled sale price band | Houses |
| Under $1.2 million | 35 |
| $1.2 to $1.6 million | 40 |
| $1.6 to $2.0 million | 34 |
| $2.0 to $3.0 million | 41 |
| $3.0 million and over | 20 |
Source: Ray White Wanaka settled sales, contract dates 11 November 2024 to 11 November 2026, suburb Wanaka, property type house, Ray White sales records. These are this office’s own results, not a market figure, and are not comparable with the REINZ ward figures above because the area and period differ.
Queenstown Lakes District Council sets annual rates on each property’s capital value. Quotable Value (QV) provides the valuations, a district-wide revaluation takes place every three years, and the last rating valuation took place in 2024. A rating valuation is used to set rates; it is not a sale price or an appraisal of what a home will sell for, so ask for the current rates and charges for the property you are considering.
Council also issues a Land Information Memorandum (LIM), a document that provides information held by the council about a specific property. QLDC says people are encouraged to get a LIM when considering whether to purchase a property, because it could disclose information that could influence the decision. Ask your lawyer about conditions to include in an offer, and read our offers and settlement guide.
See what is for sale on our Wanaka properties for sale page and recent results on properties sold. If you are thinking of selling, book a property appraisal. For a buyer’s conversation, call Ray White Wanaka on 03 443 8912 or use the form below.
Sources: REINZ Statistics (above); Queenstown Lakes District Council, Setting the Rates and Other Building Services (Land Information Memorandum), accessed 11 November 2026; Ray White Wanaka settled sales (above).
Last updated: 11 November 2026. Ray White Wanaka (Wanaka Real Estate Ltd, licensed under the REAA 2008), Unit 1, 19 Sir Tim Wallis Drive, Three Parks, Wanaka, 03 443 8912.