Price drops in Frankston
Listings for sale in Frankston, VIC 3199 whose current asking price is a cut from an earlier one, and by how much. Updated daily.
Most recent cut recorded:
Listings reduced
82
44% of 186 live listings
Median cut
4.8%
$40K off the asking price
Days listed before cut
60
median, first listed to latest cut
Cuts, last 30 / 90 days
57 / 73
4 listings have raised instead
Frankston price-drop summary
82 listings in Frankston (44% of the 186 on the market) are advertised below an earlier asking price. The typical reduction is 4.8%, about $40K. House listings account for 56 of them, with a median cut of 5.0%. Going the other way, 4 listings have raised the asking price.
Cuts by property type
| Type | Listings reduced | Median cut |
|---|---|---|
| House | 56 | 5.0% |
| Apartment | 22 | 4.0% |
| Townhouse | 3 | 7.3% |
| Villa | 1 | 1.8% |
Largest current cuts in Frankston
The 30 biggest of 82, by percentage. Previous asking is the price immediately before the latest cut.
| Address | Previous asking | Now asking | Cut | Cut on | Property |
|---|---|---|---|---|---|
| 33 Mereweather Avenue | $1,094,000 | $860,000 | -21.4% | 3 bed House | |
| 9A Leonard Street | $715,000 | $627,000 | -12.3% | 2 bed House | |
| 4 Carter Court | $1,080,000 | $950,000 | -12.0% | 4 bed House | |
| 22 Mereweather Avenue | $1,250,000 | $1,100,000 | -12.0% | 4 bed House | |
| 158 Gould Street | $3,850,000 | $3,400,000 | -11.7% | 6 bed House | |
| 135 Karingal Drive | $730,000 | $645,000 | -11.6% | 3 bed House | |
| 4 Olinda Place | $1,400,000 | $1,240,000 | -11.4% | 4 bed House | |
| 7 Fernery Lane | $2,300,000 | $2,045,000 | -11.1% | 4 bed House | |
| 151 Heatherhill Road | $850,000 | $760,000 | -10.6% | 3 bed House | |
| 10 Overton Road | $1,100,000 | $990,000 | -10.0% | 2 bed House | |
| 17 Shaxton Circle | $1,056,000 | $960,000 | -9.1% | 4 bed House | |
| 1/6 Tulum Court | $528,000 | $480,000 | -9.1% | 2 bed Apartment | |
| 3 Rebecca Close | $900,000 | $820,000 | -8.9% | 4 bed House | |
| 106A Williams Street | $1,150,000 | $1,050,000 | -8.7% | 3 bed Townhouse | |
| 2A Margate Avenue | $1,050,000 | $960,000 | -8.6% | 4 bed House | |
| 5 Russett Court | $840,000 | $770,000 | -8.3% | 3 bed House | |
| 7/4-6 Foot Street | $360,000 | $330,000 | -8.3% | 1 bed Apartment | |
| 8 Onkara Street | $825,000 | $759,000 | -8.0% | 3 bed House | |
| 1/3 Lardner Road | $710,000 | $654,000 | -7.9% | 3 bed Apartment | |
| 804/1 Plowman Place | $1,899,000 | $1,750,000 | -7.8% | 3 bed Apartment | |
| 21/1 Foot Street | $520,000 | $480,000 | -7.7% | 2 bed Apartment | |
| 12 Morley Court | $790,000 | $730,000 | -7.6% | 4 bed House | |
| 5 Macrosty Court | $800,000 | $740,000 | -7.5% | 3 bed House | |
| 2/74B Williams Street | $965,000 | $895,000 | -7.3% | 3 bed Townhouse | |
| 45 Wangarra Road | $925,000 | $859,000 | -7.1% | 4 bed House | |
| 4 Russett Court | $825,000 | $770,000 | -6.7% | 3 bed House | |
| 61 Raphael Crescent | $1,065,000 | $995,000 | -6.6% | 4 bed House | |
| 19 Dunsterville Crescent | $850,000 | $795,000 | -6.5% | 3 bed House | |
| 2/1 Addicott Street | $620,000 | $580,000 | -6.5% | 3 bed Apartment | |
| 1/9 Catherine Parade | $799,000 | $748,000 | -6.4% | 4 bed Apartment |
Suburb profile
Frankston market data
Median prices, rents, growth and vacancy for Frankston.
Sold prices
Recent sales in Frankston
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 Frankston: common questions
How many properties in Frankston have had a price drop?
82 listings for sale in Frankston VIC 3199 are currently advertised below an earlier asking price, 44% of the 186 listings on the market. 57 of those cuts were recorded in the last 30 days and 73 in the last 90.
How much are Frankston sellers cutting their prices by?
The median cut is 4.8%, or $40K, measured from the previous advertised asking price to the current one on each listing.
How long are Frankston listings on the market before the price drops?
A median of 60 days from when the listing first appeared to its latest price cut, across 82 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.