The Ormond median house price is $1,570,000 for the April to June 2025 quarter, according to DataVic/REIV data. That figure represents a quarter-on-quarter decline of 20.9% and a year-on-year decline of 11.9%, making it an important moment for buyers, sellers, and investors to pay close attention to what is actually happening on the ground in this sought-after Melbourne suburb.

What Is the Ormond Median House Price Right Now?

Based on DataVic/REIV data for the April to June 2025 quarter, the Ormond property market recorded the following headline figures:

• Median house price: $1,570,000 (QoQ: -20.9% | YoY: -11.9%)
• Median unit price: $650,000 (QoQ: +9.7% | YoY: +10.7%)

The contrast between houses and units is striking. While median house prices in Ormond have softened considerably over the past 12 months, the unit segment has moved in the opposite direction, posting strong quarterly and annual growth. This divergence reflects a broader trend playing out across Melbourne’s middle-ring suburbs, where apartment and unit stock is attracting increased demand from downsizers, first-home buyers, and investors priced out of the detached dwelling market.

For those buying in Ormond, the softening in house prices creates a window of opportunity that has not been present for several years. For those selling in Ormond, understanding exactly where the market sits, and pricing correctly from day one, is more important than ever.

What Do the Numbers Say About the Ormond Property Market?

Price figures alone only tell part of the story. To understand Ormond’s market properly, it helps to look at the demographic and economic context sitting underneath those numbers.

ABS Census 2021 data records Ormond’s population at 8,328 residents, with a median age of 37.0 years. The suburb skews toward established families and dual-income households, reflected in a median household income of $2,062 per week. That income profile is well above the Melbourne metropolitan average and helps explain why Ormond has historically sustained high house price levels despite broader market cycles.

The ABS Census 2021 also records a median rent of $395 per week across the suburb. For those investing in Ormond, this rental figure, set against a unit median of $650,000, points to a gross rental yield in the vicinity of 3.2% for units, which is broadly in line with comparable inner-to-middle-ring Melbourne suburbs.

How Does Ormond Compare to Nearby Suburbs?

Ormond sits within a competitive band of Melbourne’s bayside-adjacent corridor. Neighbouring suburbs such as McKinnon, Bentleigh, and Murrumbeena share similar price brackets and lifestyle attributes, meaning buyer demand often flows between these areas depending on stock levels and auction clearance rates. If you are researching multiple Melbourne markets simultaneously, our guides on median house prices in Northcote and median house prices in Brunswick offer useful benchmarks for how different segments of the Melbourne property market are performing at the same point in the cycle.

Recent Sold Comparables to Consider

While published medians give a reliable benchmark, individual property results in Ormond can vary significantly based on land size, condition, school zone proximity (the McKinnon Secondary College zone commands a measurable premium), and street position. Properties on larger allotments of 600 square metres or more have historically transacted well above the suburb median. In the current environment, buyers should expect well-presented family homes in the McKinnon zone to remain competitive at auction, even as the broader median has pulled back.

What Are the Key Considerations When Buying, Selling, or Investing in Ormond?

For Buyers

A 20.9% quarter-on-quarter decline in the house median is a notable shift. However, buyers should approach this figure with context: quarterly medians can be influenced by the mix of properties sold in a given period, not just price movement. A higher proportion of smaller or older homes transacting in one quarter can pull the median down without necessarily meaning every property has fallen by that percentage. The year-on-year decline of 11.9% is the more reliable signal of sustained price softening.

For buyers, this means negotiating power has returned to the market in a way that was largely absent during the 2021 to 2022 peak. Pre-auction offers are again being considered by some vendors, and conditional finance clauses are less likely to disqualify a buyer from consideration.

For Sellers

If you are considering selling in Ormond in 2026, realistic price expectations and a well-executed campaign are your two most important tools. Overpriced listings are sitting on market for extended periods, while accurately priced homes with strong marketing continue to achieve competitive results. A professional appraisal is the logical first step before making any decision.

For Investors

The unit segment’s 10.7% year-on-year growth to a median of $650,000 is a meaningful data point for investors. Ormond’s strong household income base and proximity to Monash University’s Caulfield campus, the Ormond and McKinnon train stations, and the Nepean Highway retail corridor support ongoing rental demand. Vacancy rates across Melbourne’s middle-ring south-east have remained tight, according to SQM Research data, which supports the rental income case for well-located unit stock.

Investors researching multiple Melbourne suburbs may also find our overview of median house prices in Reservoir useful, as that market offers a different yield and price-point profile for comparison.

How Does Collings Real Estate Help With Ormond Property?

Collings Real Estate has been operating across Melbourne for decades, combining on-the-ground local expertise with data-driven strategy to help clients navigate every stage of the property cycle. Whether you are a first-time buyer trying to understand what $1.57 million actually buys you in Ormond today, a long-term owner assessing whether now is the right time to sell, or an investor evaluating yield and capital growth potential, our team provides honest, evidence-based guidance.

Our Services for Ormond Clients

• Free property appraisals for owners considering a sale, grounded in current comparable sales data, not outdated estimates
• Buyer advocacy and purchasing support to help buyers compete effectively in a market where local knowledge matters
• Property management for investors seeking professional oversight of their Ormond asset
• Off-market and pre-market opportunities through our dedicated portal, giving registered buyers early access to listings before they reach the open market

To access off-market Ormond listings and receive suburb alerts, you can register on the Collings property portal at no cost. Our team also covers a broad range of Melbourne suburbs, so if your search extends beyond Ormond, we can assist across the city. For additional suburb data on Melbourne’s north-side markets, our guide to median house prices in Thornbury is worth reviewing.

Request a Free Property Appraisal

The most accurate assessment of your Ormond property’s current value comes from an experienced local agent who has reviewed recent comparable sales in detail. Collings Real Estate offers free, no-obligation property appraisals for Ormond homeowners. To speak with our team, contact us directly:

• Phone: 03 9486 2000
• Email: info@collings.com.au
• Office: 230 Waterdale Road, Ivanhoe, VIC 3079

Frequently Asked Questions About Ormond Median House Prices

What is the current median house price in Ormond?

The Ormond median house price is $1,570,000 for the April to June 2025 quarter, according to DataVic/REIV data. This represents a year-on-year decline of 11.9% and a quarter-on-quarter decline of 20.9% from the prior quarter.

What is the median unit price in Ormond?

The median unit price in Ormond is $650,000 for the April to June 2025 quarter, according to DataVic/REIV data. Units have outperformed houses over the same period, recording year-on-year growth of 10.7%.

Is Ormond a good suburb to invest in?

Ormond offers a strong rental demand profile, supported by a median household income of $2,062 per week (ABS Census 2021) and proximity to major transport, education, and retail corridors. The unit segment’s recent price growth and stable rental base of $395 per week (ABS Census 2021) suggest reasonable yield potential for investors.

Has the Ormond property market dropped?

Yes, the Ormond house median has declined. DataVic/REIV data shows a year-on-year fall of 11.9% and a quarter-on-quarter fall of 20.9% in the April to June 2025 quarter. However, the unit segment has grown, recording a 10.7% year-on-year increase over the same period.

How do I get a property appraisal in Ormond?

You can request a free, no-obligation property appraisal from Collings Real Estate by calling 03 9486 2000, emailing info@collings.com.au, or visiting our office at 230 Waterdale Road, Ivanhoe, VIC 3079. Our team provides appraisals grounded in current comparable sales data.