Almost everything trading in Box Hill right now is an apartment. Close to three hundred two-bedroom units changed hands over the past year, alongside more than a hundred one-bedroom apartments, while houses moved in far smaller numbers. If you own a unit in one of the newer buildings your buyer pool is genuinely deep, though a two-bedroom apartment is still taking around ten weeks to sell, so presentation and a price that reflects recent results in your building both matter.
The house market tells a different story as you climb. Three-bedroom homes near $955,000 are finding buyers inside five weeks, but four-bedroom houses around $1.585m are sitting close to eleven weeks with fewer than half selling under the hammer.
The lesson for anyone with a larger home is to anchor the asking price to what has actually sold this year, not to the stronger numbers from late last year. Buyers here are well informed, and they are rewarding sellers who price to today.
Median sale price for houses in Box Hill is $1,270,000, down 10.6% from last year.
Median sale price for units in Box Hill is $502,000, down 14.4% from last year.
Properties sold for houses in Box Hill is 92, up 21.1% from last year.
Properties sold for units in Box Hill is 440, up 2.8% from last year.
Auction clearance for houses in Box Hill is 56.1%, down 18.8% from last year.
Auction clearance for units in Box Hill is 75.6%, up 12.3% from last year.
Av days on market for houses in Box Hill is 58, up 45.0% from last year.
Av days on market for units in Box Hill is 56, down 29.1% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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