East · Prahran 3181
Selling in Prahran.
Prahran is an inner suburb about 5 km south-east of the CBD, built around Chapel Street and the Prahran Market. Prahran station is on the Sandringham line, with trams along Chapel Street, Malvern Road, High Street and Commercial Road.
- Postcode
- 3181
- Council
- City of Stonnington
- To the CBD
- About 5 km
- Region
- East Melbourne
The local market
What sells, and what is changing
Victorian and Edwardian terraces and cottages on narrow streets, plus a large number of apartments near Chapel Street.
Stonnington council keeps receiving applications for apartments and mixed-use buildings, especially around Chapel Street. We track planning applications lodged for Prahran.
Prices
What homes sold for in Prahran
Latest figures to September 2026
Houses
$1.71m
Median, July to September 2026
Down 11% over 12 months
Rent $938 a week
Units
$575k
Median, July to September 2026
Up 4% over 12 months
Rent $610 a week
Auction clearance rate 73% · Typical time on market 37 days
Price changes, rents, auction results and time on market cover the 12 months to September 2026.
Sold by us
Our recent sales in Prahran
Questions
Prahran owners ask
How do I find out what my Prahran home is worth?
Request a free appraisal. We will talk through your home and comparable recent sales in and around Prahran, with no obligation to list.
Which council covers Prahran?
Prahran 3181 is in the City of Stonnington, about 5 km from the Melbourne CBD.
Do you sell in Prahran?
Yes. Prahran is part of our eastern suburbs area.
Suburb details checked October 2026.
Own in Prahran? Request a free appraisal and find out what your home could be worth.
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