Masterton, New Zealand

Houses for Sale in Masterton, Wairarapa

56 homes and apartments for sale in Masterton, New Zealand.

Photo: Hongbin / Unsplash

Properties for sale in Masterton

24 properties shown

Modern Solway Home Powered by the SunHouse

NZ$880,000

Masterton

4 bd 2 ba
Smart, Stylish & SortedHouse

NZ$850,000

Masterton

3 bd 2 ba
A Rare Find: Character, Location & Income in OneHouse

NZ$850,000

Masterton

4 bd 1 ba
4 Bedrooms, 2 Bathrooms, BEO $625,000House

NZ$625,000

Masterton

4 bd 2 ba 210 m²
Fall in Love - Beautifully Cared for TownhouseHouse

NZ$595,000

Masterton

2 bd 1 ba
Life On The Country LaneHouse

NZ$1,150,000

Masterton

4 bd 2 ba
Vendor Ready to Move – Opportunity in LandsdowneHouse

NZ$480,000

Masterton

3 bd 1 ba 100 m²
Dutch Gable Beauty in KuripuniHouse

NZ$599,000

Masterton

5 bd 2 ba
Brand New in The Plains! BEO $739,500House

NZ$739,500

Masterton

3 bd 1 ba
Tucked away on HillcrestHouse

NZ$619,000

Masterton

3 bd 1 ba
Vendor wants SOLD – Large Price Reduction

NZ$1,050,000

Masterton

5 bd 2 ba
Charming family home with characterHouse

NZ$720,000

Masterton

3 bd 2 ba 160 m²
Walk in, relax and enjoy Castlepoint livingHouse

NZ$750,000

Masterton

2 bd 1 ba
Smart, fresh and ready for you!House

NZ$520,000

Masterton

3 bd 1 ba
Character without compromise.House

NZ$580,000

Masterton

4 bd 1 ba
Big on Space!! BEO $699,500House

NZ$699,500

Masterton

4 bd 2 ba 300 m²
A One of a Kind Coastal RetreatHouse

NZ$729,000

Masterton

2 bd 1 ba
The Black & White HouseHouse

NZ$1,199,000

Masterton

4 bd 3 ba
Te Muriwai o Te Whiti

NZ$1,159,000

Masterton

3 bd 1 ba
The Sanctuary - Gladstone Living at It's Finest

NZ$1,150,000

Masterton

3 bd 2 ba 193 m²
Where Green Thumbs, Great Ideas & Income MeetHouse

NZ$750,000

Masterton

4 bd 2 ba 139 m²
Style & Comfort For Your Next ChapterHouse

NZ$825,000

Masterton

3 bd 2 ba 163 m²
Superb Investment Opportunity! BEO $799,500House

NZ$799,500

Masterton

2 bd 2 ba 129 m²
The Family Home That Has Space Sunshine and SoulHouse

NZ$570,000

Masterton

4 bd 1 ba

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.

Masterton price table

Prices are shown in euros as asking prices from current listings, so currency moves can shift the figures slightly.

IndicatorValue
Listings55
Median asking price€314,280
Middle half€272,060 to €424,703
Median price per m²€2,260
Median floor area160 m²

Family houses on larger sections

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.

Read more (3 more sections)

Life in the Wairarapa

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.

Rules for overseas buyers

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.

Nearby and comparable towns

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

Buying property in Masterton: FAQ

Can a foreigner buy a house in Masterton?

Mostly no. The overseas-buyer ban covers existing homes, with exceptions for residents, citizens and specific trade-agreement cases. Get legal advice.

Is Masterton cheaper than Wellington?

Yes, our median asking price is €314,280. Wellington listings are on a separate page and tend to be higher.

How long is the commute to Wellington?

Rail and road take roughly 1.5 to 2 hours each way, so daily commuting is demanding. Some people work hybrid.

What reports should I get before buying?

A LIM report from the council, a builder's report and a title search. Check earthquake risk and insurance.

Are houses large?

Yes, the median is 160 m², with many 3 and 4-bed homes.

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