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 there has been 1,827 new listings in the last 30 days, with an average asking price of $942,061. The most active agency is Ray White with 1318 new listings, demonstrating a 72.1% of market share within Melbourne. The most expensive suburb to purchase is currently Glen Waverley with an average asking price of $1,848,387, followed by Berwick ($1,049,800) and Greenvale ($939,730). The property type mix is dominantly Houses at 69.7% followed by Townhouses (9.2%), and Units (8.6%).
Market Trend
Property Mix
Market Snapshot
- Lowest Asking Price $175,000
- Highest Asking Price $18,000,000
- Most Active Agency Ray White 1318 new listings
Most Active Suburbs Last 30 Days
| Suburb | New Listings | Avg Price | Lowest | Highest |
|---|---|---|---|---|
| Tarneit (3029) | 55 | $675,618 | $320,000 | $1,100,000 |
| Pakenham (3810) | 46 | $767,326 | $420,000 | $2,950,000 |
| Greenvale (3059) | 37 | $939,730 | $465,000 | $2,550,000 |
| Officer (3809) | 35 | $746,400 | $450,000 | $1,595,000 |
| Glen Waverley (3150) | 31 | $1,848,387 | $790,000 | $4,850,000 |
| Truganina (3029) | 30 | $696,000 | $380,000 | $1,200,000 |
| Wollert (3750) | 28 | $669,660 | $399,500 | $1,100,000 |
| Craigieburn (3064) | 28 | $679,464 | $375,000 | $1,000,000 |
| Dandenong (3175) | 27 | $671,370 | $350,000 | $1,950,000 |
| Berwick (3806) | 25 | $1,049,800 | $650,000 | $2,900,000 |
Latest Listings in Melbourne Last 30 Days
A Home Defined by Grace and Grandeur.
$900,000 - $990,000
Donnybrook, 3064
800 Donnybrook Road, Donnybrook VIC
Under Contract
Donnybrook, 3064
Platinum Upgrade Package & Available Turn Key Fully Furnished
$540,000 - $560,000
Southbank, 3006
A Hidden Gem on Millawa
$660,000 - $690,000
St Albans, 3021
Top Performing Agencies Last 30 Days
| Agency | New Listings | Avg Price | Lowest | Highest |
|---|---|---|---|---|
| Ray White | 1320 | $694,123,841 | $175,000 | $585,000,640,000 |
| Harcourts | 230 | $905,930 | $400,000 | $3,580,000 |
| LJ Hooker | 75 | $840,680 | $480,000 | $2,000,000 |
| First National | 65 | $964,646 | $400,000 | $3,000,000 |
| Raine & Horne | 54 | $1,074,185 | $290,000 | $14,000,000 |
| The Agency | 34 | $1,213,971 | $425,000 | $4,500,000 |
| Belle Property | 26 | $905,942 | $455,000 | $2,750,000 |
| Coronis Realty | 3 | $783,333 | $475,000 | $1,400,000 |
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.