Market snapshot
Suburb insights for Somerville3912
Change suburbSomerville is located 50 km south of the CBD. Located on the Mornington Peninsula Somerville has experienced rapid growth during the last twenty years on the tail of sustained residential development. The suburb is primarily residential and rural living in character with scattered tracts of reserves and parklands. The Crib Point railway line traverses the suburb while the Western Port Bay bounds the east. The suburb also features the St John's Presbyterian Retirement Village and the Somerville Reserve.
Recent sales and auction results in Somerville
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 3 Domino Ct, Somerville | 3 |  | House (Res) | Private Sale | 5/07/2024 | OBrien Real Estate | View |
| 42/6 Lumeah Rd, Somerville | 1 | | Unit | Private Sale | 14/05/2024 | OBrien Real Estate |
Sales data
Median sale price
$820k
Quarterly price change
-10.9%
Metro Melbourne Comparison
$912k
-1.5%
| Bedrooms | Somerville | Metro comparison |
|---|---|---|
| 2 | - | $902,500 |
| 3 | $737,500 | $810,000 |
| 4 | $966,250 | $955,000 |
| Insight | Somerville | Metro comparison |
|---|---|---|
| Clearance rate | 73.8% | |
| Days on market | 38 | 42 |
Rental data
Median weekly rent
$578
Rental yield
3.6%
Metro Melbourne Comparison
$560
3.2%
| Bedrooms | Somerville | Metro comparison |
|---|---|---|
| 2 | - | $550 |
| 3 | $555 | $540 |
| 4 | - | $580 |
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