What is the average house price in Melbourne?

The average asking price in Melbourne is currently £487,058, with a median price of £427,500. There are 114 properties currently for sale, of which 9 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 117 days). Time on market varies by property type and price range.

House Prices in Melbourne

Live asking prices — data to 17 October 2026, updated daily

Properties for Sale

114

9 new in last 14 days

Average Price

£487,058

Median £427,500

Avg. Time on Market

137 days

Median 117 days

Price Range

£193k to £997k

Middle 90% of asking prices

Price Trends Time to Sell Sold Prices Sold by Month

Market Breakdown

Data to: 17 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	1	£199,950	£199,950	339
Terraced	20	£302,498	£245,000	148
Semi-Detached	15	£368,663	£340,000	96
Detached	29	£670,855	£600,000	144

Prices by Bedrooms in Melbourne

Bedrooms	Count	Avg. Price	Median	Avg. Days
1 Bed	4	£202,500	£200,000	166
2 Bed	19	£245,787	£235,000	109
3 Bed	40	£351,874	£327,500	138
4 Bed	33	£655,603	£575,000	146
5+ Bed	14	£748,918	£712,500	113

Properties by Price Range in Melbourne

Price Range	Count	Avg. Days on Market	Share
£100k – £200k	8	181	7%
£200k – £300k	26	146	23%
£300k – £400k	17	136	15%
£400k – £500k	17	73	15%
£500k – £1M	40	147	35%
Over £1M	6	171	5%

Properties by Time on Market in Melbourne

Duration	Count	Share
Less than 1 month	19	17%
1 – 2 months	22	19%
2 – 3 months	8	7%
3 – 4 months	9	8%
4 – 6 months	27	24%
6 – 9 months	17	15%
9 – 12 months	3	3%
12 – 18 months	6	5%
Over 18 months	3	3%