Moorabbin Listings Linger: Days on Market Edge Up as Vendors Trim Asking Prices

Homes are sitting on the market for longer in Moorabbin this winter, with fresh figures pointing to a noticeable uptick in days on market and deeper vendor discounting across the suburb’s key residential pockets.

The state of play matters for both buyers and sellers in Moorabbin’s dynamic property scene, with shifting conditions affecting negotiations, expectations, and the perceived value of everything from weatherboard renovators on Wickham Road to modern family homes closer to Moorabbin Primary School. As more properties linger, price reductions are becoming a more common part of the sales process.

Streets Show the Trend

On streets like Rowans Road and Tucker Road, real estate agents are reporting a visible buildup of ‘For Sale’ signs and a longer wait between listing day and settlement. Local firm First National Moorabbin reported that several four-bedroom listings near Bricker Reserve in late June required significant price adjustment before drawing acceptable offers. Houses that might have sold in under three weeks last autumn are now taking more than five, particularly in the mid-range market bracket.

The new data comes at a time when Moorabbin’s historical median has hovered around $970,000. According to Maine Property Data’s monthly report for June 2026, the median days on market ticked up to 39 days, up from 31 days recorded in mid-April. Simultaneously, average vendor discounting-calculated as the percentage reduction from original list price to final negotiated price-reached 3.8%, the highest seen since late 2022. Properties close to key amenities, such as the Moorabbin train station or Moorabbin Hospital, have fared somewhat better, but across the board, sellers are having to meet buyers closer to halfway on price than in recent memory.

What Sellers and Buyers Can Do Next

With the local market sending clearer signals, agents are urging prospective sellers to take a pragmatic approach with their opening prices and to factor in the possibility of extended marketing campaigns. Presentation and transparent pricing, especially on sought-after streets like Bernard Street and the strip near Victory Park, are now critical. Buyers, on the other hand, are being reminded that while more choice means greater negotiation leverage, competition for well-presented homes in the right school catchments-such as those near St Catherine’s Primary-remains active.

As winter continues, observers expect these trends to persist at least through August. Both sides of the market will be watching closely: vendors for signs of renewed buyer urgency, and house-hunters for fresh opportunities on local wish lists. In the meantime, the message from the Moorabbin property scene is clear-sellers can expect to wait a little longer, while buyers are finding more room to bargain.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.