Rural property market sales prices in the Bay of Plenty are on the up according to the latest statistics from the Real Estate Institute of New Zealand.

For the three month period ending June, the median selling price per hectare in the Bay of Plenty rose to $49,200 from $39,844 in the previous May period.

The number of farm sales was the same in both the June and May periods with 15 sold.

In the June period, they were: six horticulture, six grazing, two dairy and one finishing.

The median sale price for lifestyle blocks in the June period was also up, with it up $17,250 to $489,500.

In the May period the median sale price was $472,250 and in the June 2010 period was $482,500.