Melbourne Property Market Insights
A real-time market analysis for the Melbourne property market, based on properties currently for sale. These insights, graphs and analytics are based on live property listings rather than historical sold prices, which offers buyers a real-time "pulse" of the market, showing what is happening right now in terms of supply, asking prices, and agent activity.
In Melbourne we have observed 6,976 new listings in the last 30 days, with an average asking price of $1,105,175. The most active agency monitored is Ray White with 1078 new listings, demonstrating a 15.5% of market share within Melbourne. The most expensive suburb to purchase from our observations is Glen Waverley with an average asking price of $1,815,750, followed by Berwick ($1,125,896) and Tarneit ($924,104). The property type mix is dominantly Houses at 63.4% followed by Apartments (13.8%), and Townhouses (10.7%).
Market Trend
Property Mix
Market Snapshot
- Lowest Asking Price $155,000
- Highest Asking Price $20,398,840
- Most Active Agency Ray White 1078 new listings
Most Active Suburbs Last 30 Days
| Suburb | New Listings | Avg Price | Lowest | Highest |
|---|---|---|---|---|
| Tarneit (3029) | 144 | $924,104 | $350,000 | $7,000,000 |
| Truganina (3029) | 113 | $757,063 | $350,000 | $1,500,000 |
| Melbourne (3000) | 105 | $710,688 | $185,000 | $7,000,000 |
| Werribee (3030) | 92 | $728,409 | $350,000 | $2,500,000 |
| Reservoir (3073) | 89 | $880,258 | $339,000 | $2,750,000 |
| Clyde North (3978) | 83 | $754,774 | $354,000 | $1,720,000 |
| Pakenham (3810) | 76 | $749,197 | $395,000 | $4,000,000 |
| Wollert (3750) | 73 | $855,973 | $350,000 | $6,000,000 |
| Berwick (3806) | 73 | $1,125,896 | $555,000 | $6,000,000 |
| Glen Waverley (3150) | 73 | $1,815,750 | $350,000 | $4,400,000 |
Latest Listings in Melbourne Last 30 Days
8 Mathoura Avenue, Werribee
$650,000
Werribee, 3030
49 Camelot Drive, Tarneit
$650,000 - $680,000
Tarneit, 3029
13 Hairpin Drive, Tarneit
$620,000
Tarneit, 3029
23 Brockwell Crescent, Manor Lakes
$600,000
Manor Lakes, 3024
Top Performing Agencies Last 30 Days
| Agency | New Listings | Avg Price | Lowest | Highest |
|---|---|---|---|---|
| Ray White | 1078 | $889,266 | $165,000 | $7,000,000 |
| Jellis Craig | 895 | $1,364,707 | $400,000 | $13,500,000 |
| Buxton Real Estate Group | 322 | $1,271,795 | $350,000 | $7,420,000 |
| Nelson Alexander | 292 | $1,125,469 | $299,000 | $5,000,000 |
| Harcourts | 277 | $799,982 | $240,000 | $3,650,000 |
| Barry Plant | 238 | $912,685 | $350,000 | $2,600,000 |
| Woodards Real Estate | 193 | $1,087,813 | $350,000 | $6,000,000 |
| Haim Real Estate | 187 | $1,068,723 | $123,200 | $4,000,000 |
| McGrath Estate Agents | 175 | $1,007,862 | $400,000 | $5,600,000 |
| Belle Property | 172 | $890,035 | $400,000 | $3,780,000 |
About this Data
The insights above represent a snapshot of the Melbourne property market as of today. Data is aggregated from current listings over the last 30 days from the top ten agencies across Australia. This real-time approach helps buyers and sellers understand the current competitive landscape, rather than relying solely on historical sales data.