Price drops in Chelsea
Listings for sale in Chelsea, VIC 3196 whose current asking price is a cut from an earlier one, and by how much. Updated daily.
Most recent cut recorded:
Listings reduced
11
21% of 53 live listings
Median cut
3.4%
$40K off the asking price
Days listed before cut
61
median, first listed to latest cut
Cuts, last 30 / 90 days
6 / 8
no current price rises
Chelsea price-drop summary
11 listings in Chelsea (21% of the 53 on the market) are advertised below an earlier asking price. The typical reduction is 3.4%, about $40K. Apartment listings account for 4 of them, with a median cut of 3.2%.
Cuts by property type
| Type | Listings reduced | Median cut |
|---|---|---|
| Apartment | 4 | 3.2% |
| Townhouse | 4 | 3.6% |
| House | 3 | 3.6% |
Largest current cuts in Chelsea
By percentage, biggest first. Previous asking is the price immediately before the latest cut.
| Address | Previous asking | Now asking | Cut | Cut on | Property |
|---|---|---|---|---|---|
| 3 Thames Promenade | $1,380,000 | $1,250,000 | -9.4% | 3 bed Townhouse | |
| 2 Ella Grove | $1,265,000 | $1,200,000 | -5.1% | 3 bed House | |
| 6B Kelvin Grove | $1,300,000 | $1,250,000 | -3.8% | 3 bed Townhouse | |
| 5/15-19 Dobell Drive | $695,000 | $670,000 | -3.6% | 2 bed Apartment | |
| 11 Berwen Lane | $1,400,000 | $1,350,000 | -3.6% | 3 bed House | |
| 1/483 Nepean Highway | $870,000 | $840,000 | -3.4% | 1 bed Townhouse | |
| 23 Mulkarra Drive | $1,190,000 | $1,150,000 | -3.4% | 3 bed House | |
| 13/334-339 Station Street | $595,000 | $575,000 | -3.4% | 2 bed Apartment | |
| 1/54 Ella Grove | $965,000 | $935,000 | -3.1% | 2 bed Apartment | |
| 4/9 Argyle Avenue | $550,000 | $535,000 | -2.7% | 2 bed Apartment | |
| 2B Foy Lane | $3,400,000 | $3,350,000 | -1.5% | 4 bed Townhouse |
Suburb profile
Chelsea market data
Median prices, rents, growth and vacancy for Chelsea.
Sold prices
Recent sales in Chelsea
What buyers actually paid, and how it compared with the asking price.
Australia-wide
All price rises and cuts
The national feed of asking-price changes, filterable by state, type and size of change.
Price drops in Chelsea: common questions
How many properties in Chelsea have had a price drop?
11 listings for sale in Chelsea VIC 3196 are currently advertised below an earlier asking price, 21% of the 53 listings on the market. 6 of those cuts were recorded in the last 30 days and 8 in the last 90.
How much are Chelsea sellers cutting their prices by?
The median cut is 3.4%, or $40K, measured from the previous advertised asking price to the current one on each listing.
How long are Chelsea listings on the market before the price drops?
A median of 61 days from when the listing first appeared to its latest price cut, across 11 listings.
What counts as a price drop here?
A listing that is still for sale and whose current advertised asking price was set by a reduction from its previous asking price. Changes that cannot be confirmed as one advertisement repricing, such as several ads sharing one address, are left out.
Showing at most 30 listings. Asking prices are as advertised; a cut is not a sale price.