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Melbourne House Prices

The average house price in Melbourne is £264,400 using HM Land Registry data.

The average property price increased by £64,666 (20.15%) over the last 5 years and increased by £12,927 (3.47%) over the last 12 months.

Over the last year, there were 77 residential property sales – a decrease of 9 transactions (-11.69%) relative to the previous year. The majority of house sales (21) were in the £180,000 - £262,000 range. Then came properties in the £344,000 - £426,000 range, where 17 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 40 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,110 (-2%).

In Nov 2025, there were 14 new estate agency instructions, 9 agreed home sales and 5 property price reductions.

5-Year Average Property Prices in Melbourne

20.15%

Property prices in Melbourne increased by 20.15% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Melbourne Over the Last Year

3.47%

Property prices in Melbourne increased by 3.47% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for Melbourne - Nov 2025

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 21 to 40 days, the broad evidence suggests that properties are selling reasonably quickly after being initially advertised and the market is reasonably healthy. If you are prepared to wait to up to 6 weeks, and you are sure that your property is priced realistically, you should get an offer within this timeframe.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Melbourne

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Melbourne

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Melbourne

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Melbourne since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Melbourne area since 1995.

Recent Property Sales in Melbourne

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
19 Commerce Street, Melbourne, Derby, DE73 8FT	£180,000	£175,000	-£5,000	11 Feb 2025	05 Dec 2025	297 Days
83 Castle Street, Melbourne, Derby, DE73 8DY	£300,000	£292,000	-£8,000	08 Aug 2025	05 Dec 2025	119 Days
9 Stafford Close, Melbourne, Derby, DE73 8LD	£155,000	£147,000	-£8,000	12 Feb 2025	01 Dec 2025	292 Days
44 Blanch Croft, Melbourne, Derby, DE73 8GG	£285,000	£275,000	-£10,000	24 Jul 2025	28 Nov 2025	127 Days
222a The Paddock, Station Road, Melbourne, Derby, DE73 8BQ	£325,000	£295,000	-£30,000	11 Mar 2025	13 Nov 2025	247 Days
10 Cartwright Close, Melbourne, Derby, DE73 8LA	£317,500	£313,500	-£4,000	16 Jun 2025	07 Nov 2025	144 Days
77 Commerce Street, Melbourne, Derby, DE73 8FT	£355,000	£355,000	£0	17 Jun 2025	07 Nov 2025	143 Days
10 George Street, Melbourne, Derby, DE73 8FS	£320,000	£315,000	-£5,000	30 May 2025	31 Oct 2025	154 Days
2 Marlpit Road, Melbourne, Derby, DE73 8JY	£309,950	£309,950	£0	25 Jun 2025	29 Oct 2025	126 Days
The Maltings Unit 4, Elms Farm, Trent Lane, Kings Newton, Derby, DE73 8BT	£695,000	£685,000	-£10,000	22 May 2025	16 Oct 2025	147 Days
23 North Street, Melbourne, Derby, DE73 8FZ	£184,950	£182,000	-£2,950	11 Feb 2025	29 Sep 2025	230 Days
45 Castle Mills, Melbourne, Derby, DE73 8BF	£190,000	£190,000	£0	12 Mar 2025	25 Sep 2025	197 Days
1a, Blackthorn Close, Melbourne, Derby, DE73 8LY	£435,000	£430,000	-£5,000	02 Apr 2025	19 Sep 2025	170 Days
7 Stafford Close, Melbourne, Derby, DE73 8LD	£395,000	£390,000	-£5,000	11 Apr 2025	12 Sep 2025	154 Days
5 Marlpit Road, Melbourne, Derby, DE73 8JY	£409,950	£409,950	£0	08 May 2025	29 Aug 2025	113 Days
23 Castle Mills, Melbourne, Derby, DE73 8BF	£140,000	£140,000	£0	24 Mar 2025	22 Aug 2025	151 Days
10 Tivey Way, Melbourne, Derby, DE73 8JS	£249,950	£235,000	-£14,950	21 Feb 2025	18 Aug 2025	178 Days
13 The Lilypool, Melbourne, Derby, DE73 8GL	£250,000	£250,000	£0	13 Mar 2025	15 Aug 2025	155 Days
11 Hattons Court, Melbourne, Derby, DE73 8HR	£300,000	£283,000	-£17,000	06 Mar 2025	06 Aug 2025	153 Days
8 Stafford Close, Melbourne, Derby, DE73 8LD	£525,000	£500,000	-£25,000	06 Dec 2024	16 Jul 2025	222 Days

Most Expensive Streets in Melbourne

Postcode	Street	Area	Average	No. of Sales
DE73 8JF	Boardman Close	Melbourne	£608,832	6
DE73 8BQ	Station Road	Melbourne	£588,500	8
DE73 8BX	Main Street	Kings Newton	£570,571	7
DE73 8ES	Ashby Road	Melbourne	£570,000	10
DE73 8DB	Smith Avenue	Melbourne	£568,333	9
DE73 8DL	Calke Road	Melbourne	£531,666	3
DE73 8JA	Freeman Drive	Melbourne	£529,086	22
DE73 8EQ	Penn Lane	Melbourne	£517,100	5
DE73 8BT	Trent Lane	Kings Newton	£495,583	6
DE73 8JP	Crowley Lane	Melbourne	£491,995	4

Least Expensive Streets in Melbourne

Postcode	Street	Area	Average	No. of Sales
DE73 8BF	Castle Mills	Melbourne	£176,941	17
DE73 8LZ	Huntingdon Court	Melbourne	£211,200	5
DE73 8EH	Chapel Street	Melbourne	£217,750	4
DE73 8DR	Woodlands Way	Melbourne	£231,792	7
DE73 8FE	Derby Road	Melbourne	£233,596	7
DE73 8FZ	North Street	Melbourne	£237,511	19
DE73 8GL	The Lilypool	Melbourne	£238,000	4
DE73 8FT	Commerce Street	Melbourne	£241,023	17
DE73 8GB	South Street	Melbourne	£249,666	9
DE73 8JS	Tivey Way	Melbourne	£251,625	4