Melbourne
Richmond Property Market — Q2 2026
April – June 2026
Richmond's median house price was $1.4 million in Q2 2026, down 6.9% from $1.5 million in the previous quarter. The median unit price was $581,750, down 3.8% from $605,000. There were 196 recorded sales during the quarter, while the highest recorded sale reached $4.1 million. 52 auctions were recorded, with all reported results clearing.
Quarterly median prices can move as the mix of properties sold changes, particularly across different property types and bedroom counts. For buyers and sellers assessing the Richmond property market, recent comparable sales provide useful context alongside the suburb-wide median. Auction results can also indicate recent activity in the Richmond property market, alongside private treaty sales recorded during the quarter.
MEDIAN PRICE
$1,397,000
Median for this quarter.
QUARTERLY CHANGE
-6.9%
Growth since last quarter.
Median Price - 12 months ending Q2 2026
ALL
$1,390,000
2 BED
$1,197,000
3 BED
$1,620,000
4 BED
$2,337,500
Quarterly and Annual medians are calculated 2–3 weeks following the end of each quarter. Quarter-on-quarter compares the latest quarter to the one immediately before it on the same aggregate line used in the median-by-quarter chart.
Median price by bedroom
Compare median prices by bedroom count, calculated from sales over the 12 months to each quarter. Switch between Houses and Units to explore each property type.
Quarterly median price
See how the median sale price has changed from quarter to quarter. Switch between Houses and Units to compare each property type.
SOLD PROPERTIES
196
Property transactions recorded this quarter.
Average days on market
24 days
The average time it takes for a property to sell in Richmond.
Highest price
$4,100,000
Highest recorded sale price this quarter in Richmond.
Key changes this quarter
- Median house price was $1,397,000 in Q2 2026, compared with $1,500,000 in Q1 2026 (-6.9%).
- QoQ (median vs prior quarter): house -6.9%; unit -3.8%
- There were 52 auctions recorded for Richmond this quarter.
- Auction clearance rate for Richmond this quarter was 100%.
Demand, supply and market trends
Sales activity was relatively active during the quarter, with 196 recorded transactions across Richmond. The median house price eased 6.9% from the previous quarter, while the median unit price eased 3.8% over the same period. Quarter-on-quarter median movements reflect the mix of property types and bedroom counts sold during the quarter.
For buyers and sellers tracking the Richmond property market, recent comparable sales remain important alongside the suburb-wide median. Auction activity was recorded during the quarter, with 52 recorded auctions, and auction results can add context alongside private treaty sales. The reported clearance rate for the quarter was 100%.
Suburb positioning
How Richmond sits against nearby suburbs on median house price in Q2 2026.
- Kew$2,580,000
- South Yarra$2,475,000
- Hawthorn$2,237,500
- Abbotsford$1,415,000
- Richmond$1,397,000
Curious what your home could sell for?