What is the average house price in Melbourne?

The average asking price in Melbourne is currently £491,972, with a median price of £435,000. There are 119 properties currently for sale, of which 13 were listed in the last 14 days.

How long does it take to sell a house in Melbourne?

Properties in Melbourne spend an average of 137 days on the market (median 113 days). Time on market varies by property type and price range.

House Prices in Melbourne

Live asking prices — data to 27 October 2026, updated daily

Properties for Sale

119

13 new in last 14 days

Average Price

£491,972

Median £435,000

Avg. Time on Market

137 days

Median 113 days

Price Range

£195k to £1.0M

Middle 90% of asking prices

Price Trends Time to Sell Sold Prices Sold by Month

Market Breakdown

Data to: 27 October 2026

Properties by Price

Distribution of asking prices in Melbourne

Properties by Type

What's on the market in Melbourne

Properties by Bedrooms

Bedroom count distribution in Melbourne

Time on Market

How long properties have been listed in Melbourne

Prices by Property Type in Melbourne

Type	Count	Avg. Price	Median	Avg. Days
Flat	2	£199,975	£199,975	175
Terraced	25	£292,998	£235,000	152
Semi-Detached	19	£372,366	£340,000	110
Detached	45	£664,441	£595,000	138

Prices by Bedrooms in Melbourne

Bedrooms	Count	Avg. Price	Median	Avg. Days
1 Bed	4	£202,500	£200,000	176
2 Bed	21	£245,712	£235,000	106
3 Bed	39	£352,563	£330,000	141
4 Bed	36	£646,943	£575,000	140
5+ Bed	15	£778,990	£725,000	115

Properties by Price Range in Melbourne

Price Range	Count	Avg. Days on Market	Share
£100k – £200k	8	191	7%
£200k – £300k	28	143	24%
£300k – £400k	16	143	13%
£400k – £500k	19	77	16%
£500k – £1M	41	144	34%
Over £1M	7	156	6%

Properties by Time on Market in Melbourne

Duration	Count	Share
Less than 1 month	22	18%
1 – 2 months	23	19%
2 – 3 months	10	8%
3 – 4 months	9	8%
4 – 6 months	25	21%
6 – 9 months	18	15%
9 – 12 months	3	3%
12 – 18 months	6	5%
Over 18 months	3	3%