Median house price
$1.64M
Melbourne
Prahran
Overview
Prahran is an inner-south suburb within easy reach of Melbourne's CBD, with tree-lined residential streets and local cafés and public transport. Local shopping, dining and transport sit close to the residential streets, within a short walk or tram ride of most homes.
the main shopping strip puts cafés, shops and local services within walking distance of period houses and newer apartments, which tends to suit owner-occupiers who want more space with cafés, shops and public transport close to home.
The current median house price sits around $1.64M, with annual movement that has softened compared with the prior year. Even so, comparable sales on the same street can sit well above or below that line depending on period detail, land and condition.
Market performance in Prahran
Understand the key indicators shaping the local property market before exploring the latest figures.
Average days on market
26 days
Annual price growth
-1.24%
Auction clearance rate
65%
Market insights
Explore deeper market analysis, auction activity and local trends to better understand how the suburb is performing.
Auction results
Explore weekly clearance rates, auction volumes, and sold results across Prahran and nearby.
Quarterly market updates
Read quarterly analysis on market movements, buyer behaviour, and key shifts shaping Prahran.
Sold insights
Compare recent sales across different property types and bedroom configurations to better understand local market activity.
| Bedrooms | 12 mo salesLast 12 months sales | Median price | Avg DOMAvg days on market | Clearance | RentRental median |
|---|---|---|---|---|---|
| AllAll houses | 130 | $1,637,500 | 26 days | 65% | $950 pw |
| 1 bed1 bedroom | 0 | — | — | — | — |
| 2 bed2 bedrooms | 43 | $1,365,000 | 26 days | 56% | $838 pw |
| 3 bed3 bedrooms | 69 | $1,801,000 | 25 days | 67% | $1,100 pw |
| 4 bed4 bedrooms | 15 | $2,469,000 | 25 days | 1% | $1,850 pw |
| 5 bed5 bedrooms | 2 | — | — | 50% | — |
Recent sales in Prahran
Browse recent sales to see how comparable properties have performed across the suburb.
Lifestyle and neighbourhood
Discover the places, amenities and everyday experiences that make this suburb unique.
Nearby schools
Compare nearby schools, catchments and education options for local families.
Prahran Primary School
0.9 kmLocal catchment
Prahran Secondary College
1.4 kmNeighbouring area
Regional Catholic College
2.1 kmWithin
Landmarks
Prahran offers landmarks such as parks and gardens, libraries, and churches and parishes.
Grattan Gardens
Grattan St, Prahran VIC 3181
Orrong Romanis Reserve
36 Orrong Rd, Prahran VIC 3181
Princes Gardens
Princes St, Prahran VIC 3181
Transport and connectivity
Train, tram, and road networks keep Prahran linked to the CBD and surrounding suburbs.
Closest station
Prahran — Sandringham line
Additional stations
South Yarra — Sandringham + Frankston corridor
Major tram routes
Routes 6, 72 and 78 — High Street / Chapel Street
Bus connections
Prahran Market and Commercial Road carry frequent bus feeders — check PTV.
Compare Prahran with other Melbourne suburbs
See how Prahran compares across property prices, lifestyle, schools, transport, walkability and local amenities against nearby Melbourne suburbs.
Property directory in Prahran
Browse homes currently on the market and discover opportunities across the suburb.
