The median house price in Prahran is approximately $1.85M in 2026. The median unit price is $620,000. Prahran’s position between South Yarra and Windsor on the Chapel Street corridor drives both lifestyle and investment demand.
Prahran Median Price History
| Year | Median House Price | Median Unit Price | Annual Change |
|---|---|---|---|
| 2021 | $1.55M | $535,000 | +8.9% |
| 2022 | $1.63M | $555,000 | +5.2% |
| 2023 | $1.70M | $577,000 | +4.3% |
| 2024 | $1.77M | $598,000 | +4.1% |
| 2025 | $1.85M | $620,000 | +4.5% |
What Drives Prahran Property Prices?
Chapel Street and Greville Street lifestyle precincts, Prahran Market, excellent tram and rail access (Prahran station on the Glen Waverley Line) and the suburb’s permanent inner-city positioning drive pricing. Units are particularly sought after by young professionals and short-stay investors.
Access Off-Market Properties in Prahran
Join the Collings portal free — access off-market Prahran listings
Frequently Asked Questions
What is the median house price in Prahran in 2026?
The median house price in Prahran is approximately $1.85M in 2026.
What is the median unit price in Prahran?
The median unit price in Prahran is approximately $620,000 in 2026, with 4.2% gross rental yield.
Find your next property with Collings
Track suburbs, get matched to on-market and off-market listings, and manage your whole property search in one place. Access the Collings property portal.
