In South Melbourne, the median house sale price is $1,500,000 based on 105 houses sold in the past 12 months. The median unit sale price is $569,000 based on 262 units sold in the past 12 months. Over the last 12 months, Houses in South Melbourne have seen a -8.62% decrease in median value, while Units have seen a -1.23% decrease. There are currently 47 properties listed for sale in South melbourne, and 438 properties properties have sold in the past 12 months. Learn more about South melbourne