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Melbourne House Prices

The average house price in Melbourne is £412,500 using HM Land Registry data.

The average property price increased by £64,089 (20.28%) over the last 5 years and increased by £12,809 (3.49%) over the last 12 months.

Over the last year, there were 68 residential property sales – a decrease of 11 transactions (-16.18%) relative to the previous year. The majority of house sales (19) were in the £170,000 - £262,000 range. Then came properties in the £262,000 - £354,000 range, where 17 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 57 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,447 (-2%).

In May 2025, there were 13 new estate agency instructions, 9 agreed home sales and 6 property price reductions.

5-Year Average Property Prices in Melbourne

20.28%

Property prices in Melbourne increased by 20.28% 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

3.49%

Property prices in Melbourne increased by 3.49% 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 - May 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 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
12 The Woodlands, Melbourne, Derby, Derbyshire, DE73 8DP	£230,000	£212,000	-£18,000	30 Aug 2024	19 Dec 2024	111 Days
7 Blackthorn Close, Melbourne, Derby, Derbyshire, DE73 8LY	£500,000	£485,000	-£15,000	20 Jun 2024	29 Nov 2024	162 Days
87 The Woodlands, Melbourne, Derby, Derbyshire, DE73 8DQ	£400,000	£375,000	-£25,000	08 Jul 2024	22 Nov 2024	137 Days
4 Oaklands Way, Melbourne, Derby, Derbyshire, DE73 8LR	£415,000	£397,500	-£17,500	02 Aug 2024	21 Nov 2024	111 Days
24 Queensway, Melbourne, Derby, Derbyshire, DE73 8FG	£400,000	£400,000	£0	05 Jun 2024	20 Nov 2024	168 Days
1 Hattons Court, Melbourne, Derby, Derbyshire, DE73 8HR	£260,000	£256,000	-£4,000	31 Jul 2024	15 Nov 2024	107 Days
9 Castle Mills, Melbourne, Derby, Derbyshire, DE73 8BF	£175,000	£175,000	£0	15 May 2024	13 Nov 2024	182 Days
47 Castle Mills, Melbourne, Derby, Derbyshire, DE73 8BF	£200,000	£190,000	-£10,000	18 Jan 2024	11 Nov 2024	298 Days
2 The Lilypool, Melbourne, Derby, Derbyshire, DE73 8GL	£270,000	£265,000	-£5,000	18 Mar 2024	08 Nov 2024	235 Days
140 Derby Road, Melbourne, Derby, Derbyshire, DE73 8FL	£365,000	£362,500	-£2,500	15 May 2024	28 Oct 2024	166 Days
5 Potter Street, Melbourne, Derby, Derbyshire, DE73 8DW	£275,000	£265,000	-£10,000	24 Jun 2024	21 Oct 2024	119 Days
14 Alma Street, Melbourne, Derby, Derbyshire, DE73 8GA	£180,000	£170,000	-£10,000	09 Sep 2023	02 Aug 2024	328 Days
42 Huntingdon Court, Melbourne, Derby, Derbyshire, DE73 8LZ	£260,000	£80,000	-£180,000	14 Feb 2023	25 Jul 2024	527 Days
12 The Pingle, Melbourne, Derby, Derbyshire, DE73 8FB	£155,000	£155,000	£0	14 Mar 2024	19 Jul 2024	127 Days
1 Washington Close, Melbourne, Derby, Derbyshire, DE73 8EX	£340,000	£340,000	£0	15 Sep 2023	12 Jul 2024	301 Days
21 Commerce Street, Melbourne, Derby, Derbyshire, DE73 8FT	£150,000	£150,000	£0	05 Mar 2024	01 Jul 2024	118 Days
70a, The Woodlands, Melbourne, Derby, Derbyshire, DE73 8DQ	£230,000	£225,000	-£5,000	30 Jan 2024	25 Jun 2024	147 Days
22 Market Place, Melbourne, Derby, Derbyshire, DE73 8DS	£264,950	£261,771	-£3,179	18 Jan 2024	25 May 2024	128 Days
31 Blanch Croft, Melbourne, Derby, Derbyshire, DE73 8GG	£525,000	£504,000	-£21,000	26 Dec 2023	16 May 2024	142 Days
7 Victoria Street, Melbourne, Derby, Derbyshire, DE73 8FR	£285,000	£280,000	-£5,000	08 Mar 2024	07 May 2024	60 Days

Most Expensive Streets in Melbourne

Postcode	Street	Area	Average	No. of Sales
DE73 8BQ	Station Road	Melbourne	£657,166	6
DE73 8JF	Boardman Close	Melbourne	£608,832	6
DE73 8EQ	Penn Lane	Melbourne	£572,500	4
DE73 8JA	Freeman Drive	Melbourne	£543,329	21
DE73 8ES	Ashby Road	Melbourne	£536,250	8
DE73 8DB	Smith Avenue	Melbourne	£535,500	10
DE73 8DL	Calke Road	Melbourne	£531,666	3
DE73 8BX	Main Street	Kings Newton	£514,055	9
DE73 8LD	Stafford Close	Melbourne	£496,666	3
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	£168,500	14
DE73 8LZ	Huntingdon Court	Melbourne	£209,583	6
DE73 8EH	Chapel Street	Melbourne	£217,125	4
DE73 8DR	Woodlands Way	Melbourne	£232,818	8
DE73 8FZ	North Street	Melbourne	£239,459	19
DE73 8DQ	The Woodlands	Melbourne	£242,333	6
DE73 8FT	Commerce Street	Melbourne	£242,729	17
DE73 8HR	Hattons Court	Melbourne	£245,666	3
DE73 8GB	South Street	Melbourne	£247,908	11
DE73 8DW	Potter Street	Melbourne	£257,000	3