Number of recorded sales
664
Recorded sales in the current reporting period.
Melbourne
Apartments in Richmond
Explore the local market, price trends, recent sales and common characteristics of units in Richmond.
Richmond unit stock includes converted factory apartments, older walk-up blocks and newer medium-rise buildings near Victoria Street and Swan Street, where attached dwellings suit buyers prioritising inner-city access. Statistics and market insights relate to units and apartments only. Buyers in Richmond should treat layout, condition, parking and outdoor space as core differences between units in the same category. The scope here is limited to units rather than mixed suburb-wide results.
Unit market overview
A current snapshot of pricing, sales activity and recent movement for this property type.
There has been steady unit turnover in Richmond recently, which gives buyers a useful read on selling conditions without treating any single result as the whole story. Typical time on market for units in this segment has been relatively short recently, which can indicate quicker selling conditions when listings are priced in line with comparable results. Recorded auction clearance for this segment has recently been around 82. 17%.
Median days on market
23 days
Typical time on market for this property type in the current reporting period.
Median apartment price
View how the median price has changed over time and switch to sale volume to compare market activity.
Over the longer run, unit values in Richmond have trended upward overall, though the pace has varied from year to year rather than moving in a straight line. The series includes several softer years as well as stronger ones, so the long-run path has not moved in one uniform direction every year. Regular turnover across the historical period supports the broader direction shown in the chart rather than relying on occasional outlier sales alone.
Unit styles in Richmond
Learn about the common styles, layouts and features found within this part of the local property market.
Converted industrial buildings carry loft-style layouts with exposed structure, while purpose-built walk-up and mid-rise blocks add one- to two-bedroom plans with varied parking and shared facility arrangements. Two-bedroom layouts appear frequently in Richmond, although two- and four-bedroom homes remain part of the local stock depending on street and pocket. Building era and block or floor configuration often explain why two units with similar bedroom counts can feel quite different in Richmond.
What to consider when buying a unit in Richmond
Compare the property itself with recent local sales, location, condition and the features that matter to your needs.
Mixed-use zoning and entertainment corridor proximity affect many Richmond apartment listings, so compare noise exposure and owners corporation rules on each building. When comparing units in Richmond, review owners corporation fees, building condition, parking, storage, floor level and natural light before focusing on bedroom count alone. Shared facilities, lift access, maintenance history and outlook on individual listings often explain why two similar apartments can sell at different levels. On inspections, compare how each home feels for light, noise and movement between living areas before you shortlist units in Richmond.
Explore more property information in Richmond
Continue your research with related market data, suburb information and available listings.
Frequently asked questions
Common questions about prices, property styles and buying this property type in the suburb.
The latest unit median in Richmond is $580,000. Median prices summarise the midpoint of recent sales for this property type and can shift as new results are added. They are most useful when read alongside property condition, location and recent comparable results rather than treated as a fixed price for every home.