Median Sale Price
House
-
Updated on Jan 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Jan 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
Year | Median | Growth | Low | High | # Sales |
---|---|---|---|---|---|
2009 | $330,000 | 0.0% | $187,000 | $790,000 | 184 |
2010 | $390,000 | +15.4% | $248,000 | $1,525,000 | 183 |
2011 | $390,000 | 0.0% | $222,500 | $1,100,000 | 152 |
2012 | $375,000 | -4.0% | $285,000 | $1,300,000 | 156 |
2013 | $400,000 | +6.3% | $245,000 | $1,300,000 | 170 |
2014 | $415,000 | +3.6% | $265,000 | $900,000 | 187 |
2015 | $430,000 | +3.5% | $265,000 | $1,215,000,000 | 161 |
2016 | $507,000 | +15.2% | $1,000 | $1,380,000 | 176 |
2017 | $595,000 | +14.8% | $390,000 | $2,200,000 | 166 |
2018 | $638,600 | +6.8% | $490,000 | $4,050,000 | 146 |
2019 | $615,000 | -3.8% | $397,500 | $1,800,000 | 140 |
2020 | $650,000 | +5.4% | $490,000 | $1,650,000 | 153 |
2021 | $790,000 | +17.7% | $450,000 | $3,500,000 | 184 |
2022 | $820,000 | +3.7% | $496,000 | $2,600,000 | 142 |
2023 | $775,000 | -5.8% | $550,000 | $2,625,000 | 133 |
2024 | $901,000 | +14.0% | $585,000 | $2,900,000 | 25 |
Median Sale Price
$780K
Based on 126 recorded sales within the last 12 months
Updated on 29 Mar 2024
Suburb Growth
-2.6%
Current Median Price: $780,000
Previous Median Price: $800,000
Based on 264 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Feb 2024)
Price Range Segments (12 months ending Feb 2024)
Median Weekly Rent Price
House
-
Updated on Jan 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Jan 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
Year | Median | Growth | Low | High | # Rents |
---|---|---|---|---|---|
2011 | $330 | 0.0% | $210 | $650 | 72 |
2012 | $330 | 0.0% | $220 | $480 | 88 |
2013 | $350 | +5.7% | $260 | $650 | 91 |
2014 | $360 | +2.8% | $260 | $700 | 91 |
2015 | $370 | +2.7% | $275 | $620 | 94 |
2016 | $380 | +2.6% | $290 | $1,000 | 64 |
2017 | $410 | +7.3% | $295 | $1,000 | 68 |
2018 | $420 | +2.4% | $300 | $950 | 58 |
2019 | $450 | +6.7% | $340 | $900 | 65 |
2020 | $460 | +2.2% | $320 | $850 | 64 |
2021 | $500 | +8.0% | $320 | $1,200 | 46 |
2022 | $550 | +9.1% | $380 | $1,850 | 72 |
2023 | $560 | +1.8% | $359 | $950 | 63 |
2024 | $575 | +2.6% | $440 | $1,600 | 11 |
Median Rent Price
$590
per week
Based on 58 recorded rent within the last 12 months
Updated on 29 Mar 2024
Rent Price Growth
+6.8%
Current Median Rent: $590
Previous Median Rent: $550
Based on 128 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.9%
Current Median Price: $780,000
Current Median rent: $590
Based on 184 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Feb 2024)
Auction Results For Somerville
Houses sold in Last 12 months ends 23 Mar 2024
$830K
Median Sale Price
94%
Clearance Rate
15/16
Sold/Reported
$1.63M
Highest Sale Price
Sold Price Range | No. of Sold Properties | |
---|---|---|
$1.6 M - $1.8 M | 1 | |
$800 K - $1 M (Median Price Range) | 8 | |
$600 K - $800 K | 6 | |
Similar Suburbs to Somerville 3912
Based on median house sale price sold in last 12 months
Schools closest to Somerville, VIC 3912
School name | Address | Type | Sector | Distance |
---|---|---|---|---|
Somerville Primary School | 37 ERAMOSA ROAD EASTSomerville 3912 | Primary | Government | 0.31 km |
Somerville Secondary College | 37 GRAF ROADSomerville 3912 | Secondary | Government | 0.75 km |
Somerville Rise Primary School | BLACKS CAMP ROADSomerville 3912 | Primary | Government | 0.95 km |
Padua College - Tyabb campus | Tyabb 3913 | Secondary | Independent | 1.02 km |
St Brendan's Primary School | GRAF ROADSomerville 3912 | Primary | Catholic | 1.27 km |