Median house price
$1.39M
Melbourne
Richmond
Overview
Richmond is an established inner-Melbourne 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 $1.39M, 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 Richmond
Understand the key indicators shaping the local property market before exploring the latest figures.
Average days on market
24 days
Annual price growth
-0.39%
Auction clearance rate
82%
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 Richmond and nearby.
Quarterly market updates
Read quarterly analysis on market movements, buyer behaviour, and key shifts shaping Richmond.
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 | 314 | $1,392,000 | 24 days | 82% | $895 pw |
| 1 bed1 bedroom | 3 | — | — | — | $583 pw |
| 2 bed2 bedrooms | 120 | $1,200,000 | 23 days | 87% | $780 pw |
| 3 bed3 bedrooms | 151 | $1,600,000 | 25 days | 77% | $1,100 pw |
| 4 bed4 bedrooms | 35 | $2,300,000 | 27 days | 80% | $1,350 pw |
| 5 bed5 bedrooms | 5 | $3,725,000 | — | 1% | $935 pw |
Recent sales in Richmond
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.
Richmond West Primary School
Primary · Government
25 Lennox Street, Richmond
Lynall Hall Community School
Secondary · Government
7 Gleadell Street, Richmond
Richmond High School
Secondary · Government
4 Griffiths Street, Richmond
Landmarks
Richmond offers landmarks such as parks and gardens, trails and waterways, libraries, and churches and parishes.
Barkly Gardens
Barkly Ave & Coppin St, Richmond VIC 3121
Citizens Park
86–88 Highett St, Richmond VIC 3121
Yarra River foreshore
Gipps St to Burnley Blvd, Richmond VIC 3121
Transport and connectivity
Train, tram, and road networks keep Richmond linked to the CBD and surrounding suburbs.
Closest station
Richmond — Major hub
Additional stations
East Richmond — Eastern side / MCG precinct; North Richmond
Major tram routes
Routes 70, 78, 12 and 109 — Swan Street / Waterfront City Docklands / Church Street / North Richmond
Bus connections
Bridge Road carries additional tram routes; see PTV for current timetables.
Compare Richmond with other Melbourne suburbs
See how Richmond compares across property prices, lifestyle, schools, transport, walkability and local amenities against nearby Melbourne suburbs.
Property directory in Richmond
Browse homes currently on the market and discover opportunities across the suburb.
