South East Somerton Park, also known as Industrial Somerton Park, the prices drop quite a lot which results in this area being known as "not the real somerton park". But in all other areas of Somerton Park you will have to pay top dollar.
When it comes to house prices in Somerton Park, apart from the fact that the prices will vary depending on the age/condition of the property and the size of the block, it is worth to note that location plays a very important role in this suburb. The price jumps from the eastern side of Brighton Road to the beachside are generally quite big. Looking at the area in between Brighton Road and Diagonal Road, prices tend to drop a bit the further south you go. In the last 6 months 3 bedroom houses in Somerton Park have been selling for everything in between $375,000 to $1,260,000 (according to disclosed prices in public records).