In South Melbourne, the median house sale price is $1,527,500 based on 96 houses sold in the past 12 months. The median unit sale price is $591,000 based on 305 units sold in the past 12 months. Over the last 12 months, Houses in South Melbourne have seen a 1.98% increase in median value, while Units have seen a -2.61% decrease. There are currently 31 properties listed for sale in South melbourne, and 469 properties properties have sold in the past 12 months. Learn more about South melbourne