Burwood sits on the more affordable edge of the inner east, and that value is drawing steady demand. The house ladder here is unusually compressed: a three-bedroom home sits near $1.25m and a five-bedroom near $1.56m, so trading up within the suburb is more achievable than in most neighbouring areas. Three-bedroom homes are selling in about five weeks, which suits families making a change-over.
The apartment and townhouse market is the busy end, with smaller homes clearing at strong rates and first-home buyers and investors active on low-maintenance stock.
As more choice comes to market heading into the warmer months, Burwood's mix of a competitive entry point and an easy step up is its strength. For sellers, presentation and a price anchored to this year's local results are what turn a growing field of buyers into a firm offer, whether you are selling a family home or an apartment.
Median sale price for houses in Burwood is $1,361,000, up 3.1% from last year.
Median sale price for units in Burwood is $550,000, up 0.9% from last year.
Properties sold for houses in Burwood is 217, up 6.9% from last year.
Properties sold for units in Burwood is 126, down 10.0% from last year.
Auction clearance for houses in Burwood is 71.2%, down 8.3% from last year.
Auction clearance for units in Burwood is 91.4%, up 26.1% from last year.
Av days on market for houses in Burwood is 47, down 4.1% from last year.
Av days on market for units in Burwood is 48, up 0.0% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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