Burwood East is moving quickly. Three-bedroom houses near $1.21m are selling in about a month and clearing at well over eight in ten, one of the fastest results in the area, and four and five-bedroom homes are close behind. This is a settled, owner-occupier suburb, with around three-quarters of homes owned rather than rented, and the buyers are family upsizers who know exactly what they want.
One thing worth noticing is how small the step up is. The gap between a typical three-bedroom home and a five-bedroom home here is modest, which makes trading up within the suburb more achievable than in many neighbouring areas.
If you are selling a well-kept family home the conditions are with you right now, buyers are competing and decisions are being made fast. Pricing it to the strong recent sales in these streets, rather than testing the market high, is what keeps that momentum on your side.
Median sale price for houses in Burwood East is $1,329,500, up 1.6% from last year.
Median sale price for units in Burwood East is $647,500, up 19.9% from last year.
Properties sold for houses in Burwood East is 169, up 4.3% from last year.
Properties sold for units in Burwood East is 62, up 44.2% from last year.
Auction clearance for houses in Burwood East is 81.5%, down 3.7% from last year.
Auction clearance for units in Burwood East is 84.6%, up 26.9% from last year.
Av days on market for houses in Burwood East is 35, down 23.9% from last year.
Av days on market for units in Burwood East is 33, down 36.5% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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