AerialNot listedAlpers Terrace in Marewa has 44 properties, valued by the council between $380,000 and $1,260,000 with a median of $590,000 (Marewa: $540,000). More of its homes were built in the 1940s than in any other decade. We estimate its homes at a median $615,000. 2 sold in the last twelve months. The highest sale in 2026 was 12 Alpers Terrace, at $575,000.
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AerialNot listedThe council values Alpers Terrace's 33 rated properties between $380,000 and $1,260,000. The middle half sit between about $539,000 and $735,000; the median is $590,000 and the mean $646,970.
| Bedrooms | Homes | Median council value | Sold, last 12 months | Median sale |
|---|---|---|---|---|
| 2 | 10 | $500k | 1 | — |
| 3 | 19 | $620k | 1 | — |
| 4 | 3 | $840k | 0 | — |
| 5+ | 1 | $1.26m | 0 | — |
Council rating valuations: the council's figure for apportioning rates, not a market appraisal.
Alpers Terrace's median council value is 9% above Marewa's.
| Alpers Terrace | Marewa | Napier | |
|---|---|---|---|
| Median council value | $590k | $540k | $700k |
| Sold in the last 12 months | 4.5% | 3.8% | 3.5% |
| Median section | 468 m² | 703 m² | 680 m² |
| Median year built | 1960 | 1950 | 1970 |
| Council value per m² of floor | $5k | $5k | $5k |
Median sale price by year; 2026 is the year so far. A year with fewer than two sales has no bar.
| Year | Sales | Median price | Per m² floor |
|---|---|---|---|
| 2026 | 2 | $553,000 | $5,191 |
| 2025 | 2 | $534,000 | $6,160 |
| 2024 | 1 | $1,200,000 | $3,922 |
| 2023 | 1 | $780,000 | $3,900 |
| 2022 | 1 | $700,000 | $5,385 |
| 2020 | 2 | $605,750 | $4,911 |
| 2019 | 3 | $493,800 | $4,091 |
| 2018 | 2 | $429,000 | $3,875 |
| 2017 | 3 | $460,000 | $3,038 |
| 2016 | 5 | $320,150 | $3,188 |
Alpers Terrace has 26 houses and 18 units and townhouses. More were built in the 1940s than in any other decade (39%).
Every street in Marewa, and the suburb's house prices and sales.
Sales and valuations as at 11 September 2026, from council and LINZ records. Medians resting on fewer than 3 sales are not shown.