As of 2026, the median house price in Pakenham stands at $690,000, marking a significant investment opportunity in this growing suburb. Over the last year, Pakenham has experienced a steady rise in property values, highlighting its appeal as a desirable residential area.

• In Pakenham, the median house price rose to $690k as reported for the Apr-Jun 2025 Quarter, showing a 2.9% quarterly increase and a 3.0% annual rise.
• Land prices in Pakenham saw a significant quarterly increase of 50.9% but a 2.4% annual decrease.
• The median age in Pakenham is 33.0, with a median household income of $1,664 per week according to the ABS Census 2021.
• Pakenham’s population reached 54,118, highlighting its appeal as a residential hub.
• Investor demand remains high, encouraging potential entrants to the property market.

What do the numbers say in Pakenham?

Pakenham has seen notable trends in its real estate market. According to DataVic/REIV figures, the median sale price for houses is currently $690k for the Apr-Jun 2025 Quarter. This indicates a 2.9% increase quarter-over-quarter and a 3.0% increase year-over-year. Similarly, units are priced at a median of $511k, with an uptick of 2.2% from the previous quarter and 4.3% from the last year. On the other hand, lands in Pakenham have reached a median of $423k, showing an impressive quarterly rise of 50.9% despite a slight annual decline.

What are the key considerations?

When buying in Pakenham, it’s critical to consider factors beyond just property prices. Understanding the demographics is vital. The 2021 ABS Census data reveals that Pakenham has a vibrant population of 54,118 residents, with a median age of 33. The median household income is noted to be $1,664 per week, and the median rent is $351 per week, underscoring the area’s economic landscape and affordability.

Moreover, the demand signals from doma_demand_signals suggest a strong appetite for purchasing houses, making it a prime location for investing in Pakenham.

How does Collings help?

At Collings Real Estate, we provide a range of services to facilitate both buying and selling in Pakenham. Interested buyers and sellers can request a free property appraisal from our experienced agents. Our team is available at 03 9486 2000, or you can email us at info@collings.com.au.

Our office is conveniently located at 230 Waterdale Road, Ivanhoe, VIC 3079, offering personalized advice and strategies tailored to your needs. For those actively seeking opportunities within the property market, utilizing our portal can be beneficial. Sign up here to explore off-market opportunities and gain insights from our portal platform.

Frequently asked questions

How has the Pakenham median house price changed recently? The median house price in Pakenham increased by 2.9% compared to the previous quarter and by 3.0% year-over-year as of the Apr-Jun 2025 Quarter.

Why should one consider investing in Pakenham? Investing in Pakenham is attractive due to its rising property prices, robust population growth, and the suburb’s appeal to young families and professionals.

How can I get a property appraisal in Pakenham? You can request a free property appraisal from Collings Real Estate by contacting us via phone at 03 9486 2000 or visiting our website.