Matamata house prices can look surprisingly different depending on where you check. One website may show the median price of homes actually sold, another may provide an automated estimate, while a council rating valuation measures something different again.

For Matamata homeowners, the useful question is not simply “What is the average house price?” It is what comparable properties are selling for now, how the local market is moving, and what that evidence could mean for your particular home.

TL;DR: Matamata house prices in brief

  •       As at early September 2026, REINZ-supplied market data shows a 12-month median sale price of about $738,000 in Matamata, up 5.2% compared with the previous 12-month period. The same data shows a median of 42 days to sale.
  •       The August 2026 median automated home estimate was $705,000. It differs from the median sale price because it is a modelled estimate rather than the middle price among completed sales.
  •       Your council rating value is not necessarily what your house would sell for today. Matamata-Piako District Council explains that its current rating values are based on 1 July 2024 and are designed primarily for rating purposes. Matamata-Piako District Council’s property revaluation guidance
  •       Matamata’s estimated population reached 9,540 at 30 June 2025, while the 2023 Census recorded 3,948 private dwellings. You can explore the official figures through Stats NZ’s Matamata data.
  •       If you are preparing to sell, the government’s Settled guide to planning a property sale recommends considering recent nearby sales, current market appraisals and property-specific characteristics rather than relying on RV alone.

 For the wider regional picture, see Price My Property’s Waikato house prices 2026 guide and its Hamilton house prices in 2026 guide.

What are Matamata house prices in 2026?

The clearest current benchmark comes from completed property sales. In early September 2026, REINZ-supplied Matamata sale data showed a 12-month median sale price of $738,000. That was about 5.2% higher than the preceding 12-month period.

However, that does not mean a typical Matamata property is automatically worth $738,000.

An August 2026 automated median home estimate was $705,000, while a separate house-only dataset showed a median sale price of around $749,000. That house-only dataset also separated houses by bedroom count, showing approximately $560,000 for two-bedroom houses, $705,000 for three-bedroom houses and $865,000 for four-bedroom houses.

That range demonstrates why homeowners should always check what a number measures before using it.

Matamata price measure                   Current indicative figure                   What it tells you                                                
12-month median sale price $738,000 Midpoint of completed sales
Median automated home estimate $705,000 Modelled property estimate
Median asking price $812,000 What current sellers are asking
Council CV/RV Property-specific Rating value as at 1 July 2024
Market appraisal Property-specific Current market evidence for your home

If you want to move beyond Matamata-wide averages, request a free Market Property Report from Price My Property and compare broader market figures with evidence relevant to your own address.

Why do Matamata house price websites show different numbers?

Different figures do not necessarily mean one website is wrong. Often, they are measuring different things.

Median sale price

The median is the middle sale when transactions are arranged from cheapest to most expensive. It can provide a useful indication of what has actually been happening in the market without a few unusually expensive properties having as much influence as they might on an average.

Automated property estimates

Online estimates use property and sales data to model a possible value. They can be useful research tools, but they may not fully recognise condition, renovations, views, layout, presentation or other details that distinguish one home from another.

Asking price

Matamata’s median asking price was around $812,000 in early September 2026, compared with a $738,000 12-month median sale price. These figures should not be used to calculate a vendor discount directly because the homes currently listed are not necessarily the same homes represented in the completed-sales dataset.

CV and RV

Matamata-Piako District’s current rating valuations reflect values as at 1 July 2024. Council specifically says these valuations are used for rating purposes and are not designed to provide a current market value for selling a home.

So if your CV, an online estimate and a recent comparable sale all give different answers, that is not unusual. Getting a free Price My Property Market Property Report can help you put those figures into a more property-specific context before making selling decisions.

Are Matamata house prices going up or down?

Current indicators suggest the market has improved over the latest 12-month measurement period, but the picture is not identical across every dataset.

REINZ-supplied 12-month sale data indicates the median sale price is up approximately 5.2%, while an August 2026 automated median home estimate was $705,000. The important point is that Matamata’s market should be assessed using several indicators rather than a single percentage.

Sales activity also matters. The same market data recorded around 261 sales over the previous 12 months, while 30 properties were newly listed for sale during the latest one-month reporting period.

For homeowners, broader market direction is useful context, but recent comparable sales are more relevant to an individual property.

What are different types of Matamata houses worth?

Bedroom count alone does not determine price, but it provides a useful starting point.

A current house-only dataset puts the median at approximately:

  •       $560,000 for two-bedroom houses
  •       $705,000 for three-bedroom houses
  •       $865,000 for four-bedroom houses

Actual Matamata sale results show a much wider range. For example, recently reported sales included a two-bedroom property at 17 Rata Street for $540,000, a three-bedroom home at 30 Nikau Place for $680,000, and a four-bedroom property at 40 Mangawhero Road for $1.19 million.

The examples demonstrate why buyers and sellers need to compare like with like. Floor area, land, age, renovations, garaging, street, condition and overall presentation can all influence the final result.

Recently sold houses in Matamata: why comparables matter

Recent comparable sales are one of the most useful tools when estimating a potential sale range.

A good comparison is not simply another property that sold somewhere in Matamata. Look for homes with similar:

  •       location and street appeal
  •       property type
  •       bedroom and bathroom count
  •       floor area
  •       section size
  •       age and condition
  •       renovations and improvements
  •       garaging and outdoor areas

The date of the sale matters too. In a changing market, a similar house sold recently may provide more useful evidence than one sold several years ago.

Current listings show the competition a seller faces, but asking prices are not completed sale prices. Completed sales show what buyers and sellers actually agreed to.

Before choosing a price strategy, get your free Market Property Report through Price My Property and use it alongside genuinely comparable Matamata sales rather than relying on the town-wide median alone.

How long are houses taking to sell in Matamata?

The latest market data shows a median of 42 days to sale in Matamata, while listed properties spent a median of around 73 days online. These are different measurements, so they should not be used interchangeably.

A home taking longer to sell does not automatically mean it is overpriced. Property type, condition, marketing, buyer demand and competing listings can all affect selling time.

However, homeowners should pay attention when similar properties are consistently selling faster. That can provide useful information about buyer expectations.

Housing supply and growth in Matamata

Matamata’s population has grown. Stats NZ estimated the population at 9,540 in June 2025, up from 8,250 in 2018. The 2023 Census recorded 3,948 private dwellings.

More housing is also planned. In April 2026, the Government announced approval of the Ashbourne project near Matamata, expected to enable approximately 518 new homes, along with a neighbourhood centre, open space and supporting infrastructure.

More homes can change the choices available to buyers, particularly if new builds compete with established properties. But it would be too simplistic to say one development will automatically push local house prices up or down. Interest rates, migration, employment, buyer confidence, property type and overall supply also matter.

Matamata house prices compared with nearby Waikato markets

Where a property sits within the wider Waikato market can help put its value into perspective.

Within Matamata-Piako District, Morrinsville’s 12-month median sale price was about $747,266 in the latest data, compared with approximately $738,000 in Matamata. Te Aroha was lower at around $620,000.

Those numbers should not be used to conclude that one town is automatically “better value”. Housing stock, section sizes, buyer demand and the number and type of properties sold can differ considerably.

Hamilton is also an important comparison because it is Waikato’s main city, but its suburbs and housing types form a substantially larger and more varied property market. Homeowners considering the regional picture can read Price My Property’s linked Waikato and Hamilton market guides in the TL;DR above.

What are Matamata rental prices?

The median weekly rent in Matamata was approximately $630 in early September 2026, up around 5% compared with the preceding 12-month period. The median time to rent was 14 days.

Using the $630 weekly rent and $738,000 median sale price produces a rough gross rental yield benchmark of around 4.4% a year, before expenses. This should not be treated as the expected yield for an individual investment because the rental and sales medians may represent different properties.

Investors also need to account for rates, insurance, maintenance, vacancies, finance and property management.

How much is my Matamata house worth?

A sensible property-value estimate starts broad and gets increasingly specific.

First, look at the Matamata property market benchmark. Next, identify recent sales that genuinely resemble your home. Then check what competing properties are asking and account for your home’s condition, renovations, layout, land and other distinguishing features.

The government’s Settled guidance similarly recommends researching nearby sales and obtaining a current market appraisal or registered valuation where appropriate.

A current appraisal can add property-specific context that an automated estimate may miss, helping establish a more realistic selling range.

If you are asking “What could my Matamata house sell for?”, start with a free Price My Property Market Property Report to get relevant local market information before deciding what to do next.

Is 2026 a good time to sell a house in Matamata?

There is no single answer for every homeowner.

The current 12-month median sale price is higher than the previous period, and properties continue to sell across a broad range of price points. But whether it is a good time for you to sell depends on your home, your expectations, your next move and the competition you would face when listing.

Rather than trying to perfectly time the Matamata property market, focus on information you can verify: comparable sales, competing listings, buyer activity and the realistic sale range for your home.

Before committing to a selling strategy, use Price My Property to request a free property report and get a clearer view of where your property may sit in today’s Matamata market.

FAQs about Matamata house prices

Q: What is the median house price in Matamata in 2026?

As at early September 2026, REINZ-supplied data shows a 12-month median sale price of approximately $738,000 for Matamata.

Q: What is the average house price in Matamata?

A: There is no single universal “average house price”. An August 2026 automated median home estimate was $705,000, while completed-sale datasets produce different figures. Always check what the statistic measures.

Q: Are Matamata house prices increasing?

A: The current 12-month median sale price is approximately 5.2% higher than the previous 12-month period. That indicates improvement in this measure, although individual properties and other value indexes can move differently.

Q: How much is a three-bedroom house in Matamata?

A: A current house-only dataset reports a median of about $705,000 for three-bedroom houses, but recent individual sales vary substantially depending on location, land, condition and specification.

Q: Is Matamata cheaper than Morrinsville?

A: Current 12-month median sale prices are relatively close, with Matamata around $738,000 and Morrinsville around $747,266. Because the mix of properties sold differs between towns, compare similar homes rather than assuming the headline difference applies to every property.

Q: Is Matamata cheaper than Te Aroha?

A: Current data puts Te Aroha’s 12-month median sale price at approximately $620,000, below Matamata’s $738,000. Again, property type and local housing stock should be considered when comparing the two markets.

Q: Is my Matamata CV the same as market value?

A: Not necessarily. Matamata-Piako District Council’s current rating values have an effective date of 1 July 2024 and are primarily used to help set rates. The council states that the rating value is not the current market value of your home.

Q: How can I find out what my Matamata house could sell for?

A: Start with current Matamata market data, then compare recently sold properties similar to yours and consider your home’s location, land, condition and improvements. A current property-specific appraisal can then help turn those broad figures into a more realistic potential selling range.