Profile for Somerville

3912

Somerville 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.

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Recent Sales & Auction Results in Somerville

Address Price Type Method Sale Date Agent
Property List
11 Madeleine Ct, Somerville 3 House (Res) Private Sale 28/05/2024 Harcourts Frankston

Median data for March Quarter 2024. Click here for details.

Median Sale Price

$873k

Metro Melbourne

$929k

Quarterly Price Change

8.6%

Metro Melbourne

2%

Median Rent

$580

Metro Melbourne

$550

Rental Yield

3.7%

Metro Melbourne

3.1%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 75.3%
Days on Market 32 40
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $920,000
3 Bedrooms $721,100 $810,000
4 Bedrooms $932,000 $965,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms n/a $550
3 Bedrooms $555 $520
4 Bedrooms $700 $575

Median data for March Quarter 2024. Click here for details.

Median Sale Price

$575k

Metro Melbourne

$630k

Annual Price Change

-7.3%

Metro Melbourne

-1.6%

Median Rent

$450

Metro Melbourne

$520

Rental Yield

4.1%

Metro Melbourne

4.3%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 75.3%
Days on Market 32 40
Median price by Bedrooms Suburb Metro
1 Bedroom n/a $370,000
2 Bedrooms $499,000 $600,000
3 Bedrooms $648,500 $855,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom n/a $450
2 Bedrooms $430 $540
3 Bedrooms n/a $620

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