Perth Market

The Perth market,
as it actually is.

Median prices, listing volumes, sales and time on market — updated monthly from REIWA and ABS data, with what each number means if you are the one selling.

Data to July 2026 · last updated 25 August 2026

Current market conditions

Market Pulse Balancing Prices are still climbing, but supply is rising quickly and homes are taking longer to sell.
Seller’s market Buyer’s market
Months of supply2.7Up from 0.9 a year ago
Median days to sell2310 days slower than 2025
Listings vs last year+129%7,204 vs 3,145

The Pulse is a score, not a forecast. How it is calculated

Median Prices

What Perth property sells for.

The median is the middle sale price — half of everything sold went for more, half for less. These cover the Perth Metro region over the 12 months to July 2026.

Median house $950,000 Perth Metro
Median unit $682,500 Perth Metro
Median land $440,000 Perth Metro

Source: Landgate/REIWA, reproduced with permission. Medians are rolling 12-month figures and are revised as settlements complete.

Supply & Demand

How much competition
you are selling into.

This is the number that has changed most in the past year, and the one that matters most if you are about to list. Every extra property for sale is another home a buyer can choose instead of yours.

7,204 Properties for sale in Perth
Houses
4,939
Units
1,616
Land
649
Same week last year
3,145

Listings and sales, month by month

Gold is properties listed for sale. Where monthly sales figures have been recorded they appear in navy — when the gold line pulls away from the navy one, sellers are competing harder for the same pool of buyers.

Time On Market

How quickly homes are selling.

Median days to sell is the clearest early-warning signal in the market. It moves before prices do, because sellers hold their asking price for a while before the market forces the issue.

Median days to sell — Perth houses

Price Trend

Where prices have moved.

Median sale price — houses and units

Rolling 12-month medians, so this line is deliberately slow-moving. It shows direction, not this week's result. Source: Landgate/REIWA.

If You’re Selling

What this actually means for you.

More competition than last year

7,204 listings, against 3,145 a year ago

There are far more homes on the market than at the same point in 2025, while monthly sales are lower. Buyers can afford to be selective in a way they could not eighteen months ago.

Your first two weeks matter more

23 days to sell, against 13 a year ago

With homes taking longer to sell, the early attention a fresh listing gets is worth more. Over-pricing to “test the market” costs more now, because the correction lands after the best buyers have moved on.

Prices are still historically high

$950,000 median house price

A cooling rate of growth is not the same as falling prices. Perth medians remain at or near record levels, and WA has led the country for price growth over the past twelve months.

What you pay to sell is yours to set

$12,730 difference on a median sale

You cannot control interest rates or how many neighbours list this month. You can control your selling fee — the gap between Perth’s 2.44% average and our 1.1% is the one cost of selling that is entirely your decision. See our record

Our Golden Triangle

Perth City and Surrounds

 

The band of suburbs we know street by street. Every market figure above covers Perth Metro as a whole — these are the pockets where we sell.

Sales outside this area are welcome too — the triangle is where we are strongest, not a boundary. See every sale on the Sales Map.

Sources & Methodology

Where these numbers come from.

Median prices, listings, sales and rents

Source: Landgate/REIWA, via REIWA Perth market insights. Median price figures are rolling 12-month medians for the Perth Metro region and are revised as settlements complete. Monthly sales are calendar-month totals where published by REIWA; active listings are final-Sunday stock observations. Reproduced with permission.

Median days to sell

Source: REIWA, published monthly in REIWA market news. Refers to houses in the Perth Metro region.

State and national context

Source: Australian Bureau of Statistics, Total Value of Dwellings, licensed under Creative Commons Attribution 4.0. Note the ABS publishes a mean price for Western Australia as a whole, which is a different measure from the Perth Metro median above — the two are not interchangeable. ABS figures are quarterly and released roughly twelve weeks after quarter end.

How we determine the Market Pulse

A score from 0 to 100, where 0 is a strong seller’s market and 100 a strong buyer’s market. Each input is scored twice — on its level today, and on its momentum against a year earlier — because the two can disagree, and momentum is what a seller actually experiences.

Months of supply
Active listings divided by average monthly sales. Under 1.5 months favours sellers; over 6 favours buyers.
Median days to sell
Under 15 days favours sellers; over 60 favours buyers.
Price direction lower weight
Change in the median house price over twelve months. Carried at lower weight, because a rolling 12-month median lags by construction and keeps climbing after conditions have turned.

Perth shows why momentum matters: 23 days on market is fast by national standards, yet roughly double the figure a year earlier. A score built on levels alone would call that a strong seller’s market on a page showing listings at more than double last year’s.

The Pulse describes conditions now, from published data. It is not a forecast. We do not predict property prices.

Limitations

Everything here covers the Perth Metro region unless stated. Monthly sales use actual calendar-month totals where REIWA publishes them; active listings and rental availability are final-Sunday stock observations. Rolling medians lag turning points by design. A metro median tells you about the market, not about your house — the only way to price a specific property is to look at comparable sales in your street. We do that for free.

Figures on this page are current to July 2026. Reviewed and updated monthly.

 
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