VIC 3103 · City of Boroondara
Balwyn home appraisal and house prices
A free home appraisal in Balwyn tells you what your home could sell for. As a guide, the median house price in Balwyn was $2,538,000 in the March quarter 2026, from 24 house sales, according to the Victorian Government's Property Sales Report. That's down 18.1% on the same quarter a year earlier.
A median is a starting point, not your home's value: block size, condition and street all move the price. For a price range on your home, ask for a free appraisal from a local agent.
- Median house, Mar qtr 2026
- $2,538,000
- Change on a year earlier
- −18.1%
- Houses sold, Mar qtr 2026
- 24
- 2015 to 2025
- +29.4%
- +2.6% a year
- Median unit, Mar qtr 2026
- $890,000
Balwyn house prices over ten years
Between 2015 and 2025 the yearly median house price in Balwyn went from $2,210,000 to $2,860,000, up 29.4% (about +2.6% a year), according to the Valuer-General's yearly figures. The growth rate is our calculation.
Balwyn's median house price, 2015 to 2025
Median sale price of houses for each calendar year
Source: Department of Transport and Planning, Victorian Government, Victorian Property Sales Report (time series to 2025), CC BY 4.0
Show the data
| Date | Value |
|---|---|
| 2015 | $2,210,000 |
| 2016 | $2,180,000 |
| 2017 | $2,340,000 |
| 2018 | $2,420,000 |
| 2019 | $2,377,500 |
| 2020 | $2,260,000 |
| 2021 | $2,750,000 |
| 2022 | $2,850,500 |
| 2023 | $2,965,000 |
| 2024 | $2,888,000 |
| 2025 | $2,860,000 |
Free home appraisal in Balwyn
A median tells you about the suburb, not your home. A local agent looks at your place and recent sales on your streets, and gives you a price range. It's free and you don't have to sell.
The last five quarters
Quarterly medians move more than yearly ones, because each covers fewer sales. The March quarter 2026 median is down 7.2% on the quarter before, according to the Victorian Government's Property Sales Report.
Balwyn median house price by quarter
Jan–Mar 2025
$3,100,000Apr–Jun 2025
$3,125,000Jul–Sep 2025
$2,675,500Oct–Dec 2025
$2,734,000Jan–Mar 2026
$2,538,000
Medians marked 'fewer than 10 sales' are flagged by the Valuer-General as less reliable.
Source: Department of Transport and Planning, Victorian Government, Victorian Property Sales Report, March quarter 2026, CC BY 4.0
Show the data
| Item | Value |
|---|---|
| Jan–Mar 2025 | $3,100,000 |
| Apr–Jun 2025 | $3,125,000 |
| Jul–Sep 2025 | $2,675,500 |
| Oct–Dec 2025 | $2,734,000 |
| Jan–Mar 2026 | $2,538,000 |
How Balwyn compares with nearby suburbs
Balwyn is the 2nd most expensive of the 13 suburbs we cover in the City of Boroondara, where the middle suburb's median is $2,205,000 in the March quarter 2026 (our calculation from the Victorian Government's Property Sales Report).
Close by and cheaper in the March quarter 2026: Deepdene ($2.1m), Balwyn North ($2.2m) and Surrey Hills ($2.21m), according to the same report.
Close by and dearer in the March quarter 2026: Canterbury ($3.26m), according to the same report.
Median house price: Balwyn and its nearest suburbs
Distance is between suburb centres
Canterbury, 1.8 km
$3.26mBalwyn (this suburb)
$2.54mMont Albert, 2.8 km
$2.35mSurrey Hills, 2.5 km
$2.21mBalwyn North, 1.8 km
$2.2mKew East, 2.8 km
$2.15mDeepdene, 1.1 km
$2.1m
Source: Department of Transport and Planning, Victorian Government, Victorian Property Sales Report, March quarter 2026, CC BY 4.0
Show the data
| Item | Value |
|---|---|
| Canterbury, 1.8 km | $3.26m |
| Balwyn (this suburb) | $2.54m |
| Mont Albert, 2.8 km | $2.35m |
| Surrey Hills, 2.5 km | $2.21m |
| Balwyn North, 1.8 km | $2.2m |
| Kew East, 2.8 km | $2.15m |
| Deepdene, 1.1 km | $2.1m |
Questions about Balwyn house prices
What is the median house price in Balwyn?
$2,538,000 in the March quarter 2026, from 24 sales, according to the Victorian Government's Property Sales Report.
How much have house prices grown in Balwyn?
The yearly median went from $2,210,000 in 2015 to $2,860,000 in 2025, up 29.4% or about +2.6% a year, according to the Victorian Government's Property Sales Report. The highest yearly median was $2,965,000 in 2023.
What suburbs near Balwyn are cheaper?
Nearby suburbs with a lower median house price are Deepdene ($2.1m), Balwyn North ($2.2m) and Surrey Hills ($2.21m). Compare every suburb in Boroondara.
Is a free appraisal the same as a property valuation in Balwyn?
No. An appraisal is a local agent's opinion of the price your home would likely sell for, and it's free. A property valuation is a formal report from a certified practising valuer, usually paid for and needed for lending, legal or tax purposes. For deciding whether and when to sell, an appraisal is what most owners start with.
How do I find out what my Balwyn home is worth?
A suburb median can't tell you about your block, its condition or your street. Ask a local agent for an appraisal: it's free and you don't have to sell. You can request one here.
Where these figures come from
Every price on this page is a median sale price published by the Department of Transport and Planning, Victorian Government in the Victorian Property Sales Report (opens in a new tab) and its yearly time series (opens in a new tab), used under CC BY 4.0. Distances, rankings and growth rates are our calculations from those figures. A median is the middle sale price, not the value of any one home. Figures last updated 1 October 2026.