In Murrumbeena the three-bedroom family home is the clear sweet spot. At a median near $1.41m it is clearing at around three in four and selling in about five weeks, as buyers compete for well-located homes in this quieter, owner-occupied pocket. Move-in-ready houses that need no immediate work are the ones drawing the competition.
The larger homes ask for more patience. Four-bedroom houses are clearing closer to half over longer campaigns, and the smallest apartments can sit for some time, so both ends call for realistic, evidence-based pricing.
With stock limited and buyers cautious about overpaying, the suburb favours vendors who price sensibly before launch rather than testing an ambitious number. Most buyers here are transacting from a genuine need to upsize or settle, not chasing a bargain, so a well-presented three-bedroom home priced to recent local sales meets that demand directly and tends to move quickly once it comes to market.
Median sale price for houses in Murrumbeena is $1,620,000, up 3.8% from last year.
Median sale price for units in Murrumbeena is $550,000, down 14.5% from last year.
Properties sold for houses in Murrumbeena is 95, down 15.2% from last year.
Properties sold for units in Murrumbeena is 109, up 14.7% from last year.
Auction clearance for houses in Murrumbeena is 63.6%, down 9.2% from last year.
Auction clearance for units in Murrumbeena is 74.5%, down 1.2% from last year.
Av days on market for houses in Murrumbeena is 43, up 2.4% from last year.
Av days on market for units in Murrumbeena is 50, up 47.1% from last year.
$1,935,000
$1,620,000
$1,530,000
$1,490,000
$1,442,500
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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