Melbourne
Richmond market data
Explore property prices, sales activity and market trends to understand how the local market is performing over time.
When you read market data for Richmond, compare houses and units as separate markets rather than a single suburb-wide figure. Median prices, annual growth and sales activity each add context. Several measures together give a clearer picture than any one number alone.
Property price trends
Compare median house and unit prices over time, alongside annual sales volume.
The median house price remained broadly steady over the past year. The median unit price increased by 1.71% over the past year. More properties changed hands than the previous year, reflecting higher sales activity. Houses and units are showing different trends, so compare similar property types rather than relying on a suburb-wide median.
Surrounding suburbs comparison
Compare median house prices with nearby suburbs across different bedroom configurations.
Bedrooms
- Hawthorn$3,315,000
- South Yarra$2,910,000
- Kew$2,700,000
- Richmond$2,300,000
- Abbotsford$1,900,000
Sales snapshots
Key indicators that reflect current market conditions and sales activity.
Houses
House auction clearance rate
82%
House days on market
24 days
House properties sold
314
House rental median
$895 pw
Units
Unit auction clearance rate
84%
Unit days on market
23 days
Unit properties sold
672
Unit rental median
$618 pw
Properties sold
- Units 672
- Houses 314
Demographics
Census-based demographic information about the local community.
Population
28,587
Average age
34
Total dwellings
15,629
Avg household size
2
Ownership breakdown
- Owner43%
- Renter57%
Household composition
- Family50%
- Single50%
A more considered view on your property's value