Prahran sits right at the centre of the flight to quality and affordability defining this pocket right now, and its apartment market shows it clearly. 328 units sold this year with clearance up a striking 40.6 per cent to 63.2 per cent, genuinely strong buyer conviction returning to the market.
Buyers still want solid, well-built homes with genuine privacy and outdoor space, even here where apartments dominate the streetscape, and parking remains a real point of difference for any house that comes up for sale in this pocket. Interstate investor interest continues to support demand across the board.
As sentiment lifts with the warmer weather and footy finals underway, and buyers look to get ahead of the curve, Prahran's sharp improvement in clearance points to real, returning confidence in this part of the market right now.
Median sale price for houses in Prahran is $1,615,000, down 2.4% from last year.
Median sale price for units in Prahran is $469,000, down 4.3% from last year.
Properties sold for houses in Prahran is 135, down 15.6% from last year.
Properties sold for units in Prahran is 323, up 9.1% from last year.
Auction clearance for houses in Prahran is 59.6%, down 13.2% from last year.
Auction clearance for units in Prahran is 61.4%, up 37.6% from last year.
Av days on market for houses in Prahran is 40, up 2.6% from last year.
Av days on market for units in Prahran is 36, down 14.3% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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