Explore Pakenham Property Market

Pakenham, located in Victoria’s southeast, offers a diverse range of homes suited to families, professionals, and first-time buyers. With 860 active listings, buyers have a broad selection—from modern townhouses to spacious family homes. The median price sits at $680,000, reflecting a balanced market that supports competitive pricing without sacrificing value. Whether you’re chasing a quiet leafy street, proximity to schools, or easy access to major transport routes, Pakenham delivers options across different neighborhoods and budgets. Sellers can benefit from a steady demand as families relocate to the area for its lifestyle and amenities. Our guide provides practical insights on current listings, price ranges, and market conditions to help you navigate transactions confidently.

Pakenham Market Summary

The Pakenham real estate market currently has 862 active listings in Australia. The median home price is $680,000, with properties ranging from $370 to $3,900,000.

  • For sale: 861
  • For rent: 1
  • New construction: 0
  • Avg. bedrooms: 3.4
  • Active agents: 255

Market Snapshot

862
Active Listings
$680,000
Median Price
861
For Sale
1
For Rent

Market Overview

Price Range

Minimum$370
Median$680,000
Maximum$3,900,000

Listing Breakdown

Total Active Listings862
For Sale861
For Rent1
New Construction0

Property Details Average

3.4

Avg. Bedrooms

1.9

Avg. Bathrooms

255

Active Agents

Market Insights

Current market activity shows 860 active listings in Pakenham with a median price of $680,000, indicating a healthy balance between supply and demand. Buyers will find a mix of entry-level homes and mid-range properties, while sellers can leverage steady interest from families and investors. As more developments and amenities continue to emerge, expectations point to steady price support and continued demand in this growing suburb.

Frequently Asked Questions

The current median price for properties in Pakenham is $680,000. This figure helps set expectations for buyers and informs pricing strategy for sellers.

There are 860 active listings in Pakenham, offering a wide range of options from entry-level homes to larger family properties.

Pakenham attracts families seeking good schools and amenities, as well as professionals and first-time buyers looking for value in a growing suburb.

Consider proximity to transport, schools, and local amenities, along with development plans that could affect price and livability. Get a current market snapshot to guide your offer strategy.

Understanding the Pakenham Real Estate Market

MLS (Multiple Listing Service)
A database used by real estate brokers to share active property listings. Listings on Mirror Real Estate that include an MLS number are sourced from a regional MLS feed.
Median price
The middle price point in a city's active listings. Half the listings are priced above, half below. More representative than the average because it isn't skewed by a few very expensive or very cheap properties.
Days on market (DOM)
The number of days a property has been actively listed for sale. A low DOM typically indicates strong demand; a high DOM may indicate overpricing or weaker demand.
Price per square foot
Listing price divided by interior square footage. Useful for comparing properties of different sizes in the same neighborhood, though it ignores lot size, finish quality, and condition.
Active listing
A property currently for sale or rent and visible to buyers. On Mirror Real Estate, active listings exclude expired, withdrawn, sold, and rented properties.
New construction
A home that has been built recently and not previously occupied, or one being sold by the original builder. Often includes builder warranties and customization options.
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