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 2,693 new listings in the last 30 days, with an average asking price of $937,643. The most active agency is Ray White with 1495 new listings, demonstrating a 55.5% of market share within Melbourne. The most expensive suburb to purchase is currently Glen Waverley with an average asking price of $2,016,154, followed by Berwick ($1,081,603) and Officer ($810,818). The property type mix is dominantly Houses at 62.9% followed by Apartments (12.4%), and Townhouses (11.0%).
Market Trend
Property Mix
Market Snapshot
- Lowest Asking Price $220,000
- Highest Asking Price $7,900,000
- Most Active Agency Ray White 1495 new listings
Most Active Suburbs Last 30 Days
| Suburb | New Listings | Avg Price | Lowest | Highest |
|---|---|---|---|---|
| Pakenham (3810) | 94 | $721,941 | $320,000 | $2,200,000 |
| Werribee (3030) | 60 | $663,915 | $370,000 | $1,250,000 |
| Tarneit (3029) | 58 | $688,928 | $380,000 | $1,200,000 |
| Berwick (3806) | 58 | $1,081,603 | $550,000 | $4,000,000 |
| Clyde North (3978) | 51 | $758,009 | $400,000 | $1,500,000 |
| Officer (3809) | 45 | $810,818 | $430,000 | $1,750,000 |
| Truganina (3029) | 44 | $772,000 | $500,000 | $1,550,000 |
| Reservoir (3073) | 44 | $771,136 | $330,000 | $1,800,000 |
| Glen Waverley (3150) | 39 | $2,016,154 | $550,000 | $6,000,000 |
| Sunbury (3429) | 38 | $778,789 | $370,000 | $2,100,000 |
Latest Listings in Melbourne Last 30 Days
73 Laura Street, Aspendale
$800,000 - $880,000
Aspendale, 3195
14 Magara Walk, Tarneit
$549,000 - $599,000
Tarneit, 3029
The Complete Lifestyle Package in Derrimut Heath Estate
$1,150,000 - $1,250,000
Hoppers Crossing, 3029
Contemporary Luxury Living with Multiple Living Zones and side access
$930,000 - $980,000
Weir Views, 3338
Top Performing Agencies Last 30 Days
| Agency | New Listings | Avg Price | Lowest | Highest |
|---|---|---|---|---|
| Ray White | 1495 | $903,746 | $110,000 | $7,900,000 |
| Belle Property | 242 | $1,124,163 | $390,000 | $6,000,000 |
| First National | 227 | $1,018,960 | $400,000 | $4,000,000 |
| Harcourts | 220 | $865,491 | $400,000 | $2,500,000 |
| Century 21 | 124 | $941,536 | $400,000 | $5,000,000 |
| LJ Hooker | 110 | $902,809 | $400,000 | $2,950,000 |
| Coronis Realty | 81 | $784,610 | $380,000 | $2,200,000 |
| Raine & Horne | 72 | $1,071,785 | $375,000 | $5,500,000 |
| Remax | 32 | $762,406 | $450,000 | $1,290,000 |
| The Agency | 29 | $1,322,207 | $400,000 | $3,800,000 |
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.