Melbourne Real Estate Market
The median sale price for homes in Melbourne over the last 12 months is $90,000.
The median mortgage debt is $70,166.
Median Listing Price
Median Days on Market
(foreclosures and short sales)
Understand the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay).
By comparing these price trends, you'll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.
Some sales are not immediately available from public records. As they become available, the data are updated.
The percent of owner occupied properties in Melbourne is 11.1% below the national average.
The percent of rental properties in Melbourne is 18.62% above the national average which is typical for urban areas.
Neighborhood and valuation information provided by Onboard Informatics ©2012 Onboard informatics. Information deemed reliable but not guaranteed.