53 properties · Tokomaru, Palmerston North

Makerua Road, Tokomaru

Makerua Road in Tokomaru has 53 properties, valued by the council between $240,000 and $1,060,000 with a median of $710,000 (Tokomaru: $525,000). More of its homes were built in the 1910s than in any other decade. We estimate its homes at a median $699,000. 1 sold in the last twelve months. 1 is for sale now.

$710kmedian council valuation
$699kour median estimate
1sold in the last 12 months
1960median year built
1for sale now
Palmerston NorthTokomaru ×Makerua Road ×

54 properties on Makerua Road, Tokomaru

Highest and lowest on Makerua Road

Highest-valued home196 Makerua Road$1,060,000council valuation · 4 bed · 220 m² floor · 5.88 ha land
Lowest-valued home861 Makerua Road$240,000council valuation · 3,280 m² land
Highest sale, last 12 months201 Makerua Road$820,000sold 10 Dec 2025 · 4 bed · 170 m² floor · 8,482 m² land

Property values on Makerua Road

The council values Makerua Road's 37 rated properties between $240,000 and $1,060,000. The middle half sit between about $619,000 and $892,000; the median is $710,000 and the mean $734,189.

Lowest: $240k$240kLowest10%: $522k20%: $600k20%30%: $638k40%: $671k40%Median: $710k60%: $772k60%70%: $854k80%: $930k80%90%: $990kHighest: $1.06m$1.06mHighest
BedroomsHomesMedian council valueSold, last 12 monthsMedian sale
320$663k0—
412$930k1—
5+3$980k0—

Council rating valuations: the council's figure for apportioning rates, not a market appraisal.

Makerua Road compared with Tokomaru

Makerua Road's median council value is 35% above Tokomaru's.

Makerua RoadTokomaruPalmerston North
Median council value$710k$525k$610k
Sold in the last 12 months1.9%2.5%4%
Time between sales9.8 yrs6.8 yrs7.8 yrs
Median section11,752 m²2,403 m²678 m²
Median year built196019801970
Council value per m² of floor$5k$4k$4k

Makerua Road house prices over time

Median sale price by year; 2025 is the year so far. A year with fewer than two sales has no bar.

2016: $260k (8 sales)$260k20162017: too few sales to say (1 sale)2018: $520k (2 sales)20182019: $450k (2 sales)2020: too few sales to say (1 sale)20202022: $585k (3 sales)2023: too few sales to say (1 sale)20232024: too few sales to say (1 sale)2025: $735k (6 sales, this year so far)$735k2025
Sales by year as a table
YearSalesMedian pricePer m² floor
20256$735,000$5,677
20241$925,000$3,136
20231$660,000$4,314
20223$585,000$5,223
20201$840,000$3,668
20192$450,000$5,206
20182$520,000$3,901
20171$340,000$3,063
20168$260,000$1,785

Recent sales on Makerua Road

The homes on Makerua Road

Makerua Road has 52 houses and 1 section. More were built in the 1910s than in any other decade (17%).

1910s: 6 (6 homes)61930s: 3 (3 homes)1930s1940s: 2 (2 homes)1950s: 4 (4 homes)1950s1960s: 5 (5 homes)1970s: 3 (3 homes)1970s1980s: 4 (4 homes)1990s: 2 (2 homes)1990s2000s: 3 (3 homes)2010s: 4 (4 homes)42010s

How long owners stay on Makerua Road

Homes on Makerua Road that resold in the last five years had been held a median 9.8 years (Tokomaru: 6.8 years).

Time between a home's sales, for 9 resales in the last five years. A home not sold since our records begin is not counted, so owners who stay longest are under-represented.

Building and resource consents on Makerua Road

2building consents in the last 5 years
  • 565 Makerua Road1 Jan 2026 · Building consentFireplace freestanding installation of maxen kinmont 350-p freestanding fire, flue system & flashing
  • 835 Makerua Road1 Mar 2023 · Building consentRes additions & alterations internal alterations to create new master bdrm & open plan kitchen/living space

Sales and valuations as at 11 September 2026, from council and LINZ records. Medians resting on fewer than 3 sales are not shown.

About property on Makerua Road, Tokomaru

Every property in Makerua Road, Tokomaru, whether it is for sale or not: homes, sections, farms, lifestyle blocks, shops, offices and industrial land. Each is listed from the council rating roll and Toitū Te Whenua LINZ, with the listing beside it when an agent is marketing it.

Each property has its own page: our estimate of its value beside the council rating valuation, past sale prices, the title and land area, zoning and hazards, building consents, and what it would cost to own.

Listings are published by the agents who market them. Addresses, land details and rating valuations come from Toitū Te Whenua Land Information New Zealand and from the council. No ownership information is published.

Header photo: Michal Klajban, CC BY-SA 4.0, via Wikimedia Commons (licence).