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Melbourne House Prices

The average house price in Melbourne is £360,000 using HM Land Registry data.

The average property price increased by £2,307 (0.65%) over the last 5 years and increased by £461 (0.13%) over the last 12 months.

Over the last year, there were 57 residential property sales – a decrease of 32 transactions (-56.14%) relative to the previous year. The majority of house sales (16) were in the £236,000 - £302,000 range. Then came properties in the £170,000 - £236,000 range, where 11 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 42 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,868 (-2%).

In Jul 2026, there were 15 new estate agency instructions, 11 agreed home sales and 11 property price reductions.

5-Year Average Property Prices in Melbourne

0.65%

Property prices in Melbourne increased by 0.65% 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

0.13%

Property prices in Melbourne increased by 0.13% 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 - Jul 2026

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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

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
8 The Mews, Melbourne, Derby, DE73 8LQ	£365,500	£360,000	-£5,500	26 Dec 2025	15 May 2026	140 Days
80 Victoria Street, Melbourne, Derby, DE73 8FQ	£499,950	£490,000	-£9,950	08 May 2025	24 Apr 2026	351 Days
43 Paget Road, Melbourne, Derby, DE73 8JW	£260,000	£250,000	-£10,000	02 May 2025	20 Apr 2026	353 Days
12 Redway Croft, Melbourne, Derby, DE73 8GX	£330,000	£310,000	-£20,000	22 Sep 2025	17 Apr 2026	207 Days
20 Victoria Street, Melbourne, Derby, DE73 8FQ	£375,000	£370,000	-£5,000	03 Nov 2025	17 Mar 2026	134 Days
21 Freeman Drive, Melbourne, Derby, DE73 8JA	£235,000	£235,000	£0	18 Sep 2025	24 Feb 2026	159 Days
5 Queensway, Melbourne, Derby, DE73 8FG	£315,000	£312,500	-£2,500	23 Apr 2025	24 Feb 2026	307 Days
51 North Street, Melbourne, Derby, DE73 8FZ	£260,000	£254,000	-£6,000	13 May 2025	24 Feb 2026	287 Days
37 South Street, Melbourne, Derby, DE73 8GB	£650,000	£637,000	-£13,000	15 Aug 2025	20 Feb 2026	189 Days
11a, George Street, Melbourne, Derby, DE73 8FS	£295,000	£280,000	-£15,000	11 Apr 2025	22 Jan 2026	286 Days
81 Castle Street, Melbourne, Derby, DE73 8DY	£285,000	£260,000	-£25,000	09 Jul 2025	09 Jan 2026	184 Days
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
Ingledene, Derby Road, Melbourne, Derby, DE73 8DE	£430,000	£410,000	-£20,000	06 Jun 2025	02 Dec 2025	179 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

Most Expensive Streets in Melbourne

Postcode	Street	Area	Average	No. of Sales
DE73 8DE	Derby Road	Melbourne	£611,666	3
DE73 8JF	Boardman Close	Melbourne	£608,832	6
DE73 8ES	Ashby Road	Melbourne	£589,750	8
DE73 8BQ	Station Road	Melbourne	£588,500	8
DE73 8BX	Main Street	Kings Newton	£570,571	7
DE73 8DB	Smith Avenue	Melbourne	£568,333	9
DE73 8EQ	Penn Lane	Melbourne	£517,100	5
DE73 8JA	Freeman Drive	Melbourne	£516,300	23
DE73 8BT	Trent Lane	Kings Newton	£514,700	5
DE73 8FX	Hope Street	Melbourne	£514,700	5

Least Expensive Streets in Melbourne

Postcode	Street	Area	Average	No. of Sales
DE73 8BF	Castle Mills	Melbourne	£178,000	16
DE73 8EH	Chapel Street	Melbourne	£194,333	3
DE73 8LZ	Huntingdon Court	Melbourne	£211,200	5
DE73 8FZ	North Street	Melbourne	£231,732	16
DE73 8FE	Derby Road	Melbourne	£240,029	6
DE73 8FT	Commerce Street	Melbourne	£240,931	16
DE73 8JS	Tivey Way	Melbourne	£242,666	3
DE73 8DR	Woodlands Way	Melbourne	£243,766	6
DE73 8EB	Station Road	Melbourne	£251,145	10
DE73 8GL	The Lilypool	Melbourne	£251,666	3