HouseNZ$880,000
Masterton

56 homes and apartments for sale in Masterton, New Zealand.
Photo: Hongbin / Unsplash
24 properties shown
HouseNZ$880,000
Masterton
HouseNZ$850,000
Masterton
HouseNZ$850,000
Masterton
HouseNZ$625,000
Masterton
HouseNZ$595,000
Masterton
HouseNZ$1,150,000
Masterton
HouseNZ$480,000
Masterton
HouseNZ$599,000
Masterton
HouseNZ$739,500
Masterton
HouseNZ$619,000
Masterton

NZ$1,050,000
Masterton
HouseNZ$720,000
Masterton
HouseNZ$750,000
Masterton
HouseNZ$520,000
Masterton
HouseNZ$580,000
Masterton
HouseNZ$699,500
Masterton
HouseNZ$729,000
Masterton
HouseNZ$1,199,000
Masterton

NZ$1,159,000
Masterton

NZ$1,150,000
Masterton
HouseNZ$750,000
Masterton
HouseNZ$825,000
Masterton
HouseNZ$799,500
Masterton
HouseNZ$570,000
Masterton
Buyer's guide: Masterton
Masterton real estate is a regional-town market in the Wairarapa, where the median asking price is €314,280 across 55 listings on RealEstateAbroad. Houses account for almost every listing, and homes are large for the money. Before you look, note that New Zealand restricts purchases by overseas buyers.
Prices are shown in euros as asking prices from current listings, so currency moves can shift the figures slightly.
| Indicator | Value |
|---|---|
| Listings | 55 |
| Median asking price | €314,280 |
| Middle half | €272,060 to €424,703 |
| Median price per m² | €2,260 |
| Median floor area | 160 m² |
The listings are 54 houses and 1 plot. Bedrooms: 1 one-bed, 8 two-bed, 23 three-bed, 16 four-bed and 3 with five or more. A median of 160 m² is big by European standards and reflects typical New Zealand family homes on a freehold section.
Other options appear under houses in New Zealand and townhouses.
Masterton is the main town in the Wairarapa region, east of the Remutaka Range, with a rail service and road over the Remutaka Hill towards Wellington. Many residents work locally in farming, services and hospitality, and some commute to the capital or work remotely. Local appeal includes wine-country neighbours such as Martinborough, a growing food scene and a lower cost of living than Wellington.
The region lies in a seismically active zone, so building reports, earthquake-strengthening history and insurance cover deserve close attention.
New Zealand bans purchases of existing homes by most overseas buyers, so non-residents generally cannot buy here. Residents and citizens are exempt, as are buyers covered by certain trade agreements; since 6 March 2026 some Active Investor Plus holders may buy a single home above NZ$5 million with consent. New builds and apartments in some developments may have different rules. Take legal advice before you start.
The New Zealand buying guide explains eligibility, and the financing guide covers lending to residents.
Palmerston North and Whanganui are regional centres in the lower North Island, while Lower Hutt and Wellington are the capital region. See New Zealand for the national overview.
Last updated 8 October 2026
Mostly no. The overseas-buyer ban covers existing homes, with exceptions for residents, citizens and specific trade-agreement cases. Get legal advice.
Yes, our median asking price is €314,280. Wellington listings are on a separate page and tend to be higher.
Rail and road take roughly 1.5 to 2 hours each way, so daily commuting is demanding. Some people work hybrid.
A LIM report from the council, a builder's report and a title search. Check earthquake risk and insurance.
Yes, the median is 160 m², with many 3 and 4-bed homes.