Croydon is doing serious volume even with record low stock levels, 493 house sales this year, up 8.6 per cent, at a median of $920,000. That combination, rising prices and rising volume against genuinely low competition, is exactly the market condition sellers are being told to take advantage of right now.
Clearance has climbed sharply too, up 11.5 per cent to 67.5 per cent, and days on market have fallen 22.2 per cent to just 21 days. Properties under $1.5 million continue to draw real competition, and renovated or mid-century modern homes in particular are performing extremely well, though many local sellers are favouring private sale over auction as buyers avoid the pressure of bidding day.
With first-home buyers dominant in the $700,000 to $1.2 million range, and buyers prepared to pay a healthy price if given a little patience, this remains one of the strongest, most consistent markets in the area.
Median sale price for houses in Croydon is $920,000, up 7.6% from last year.
Median sale price for units in Croydon is $685,000, up 7.0% from last year.
Properties sold for houses in Croydon is 493, up 8.6% from last year.
Properties sold for units in Croydon is 245, down 2.4% from last year.
Auction clearance for houses in Croydon is 67.5%, up 11.5% from last year.
Auction clearance for units in Croydon is 81.3%, up 13.8% from last year.
Av days on market for houses in Croydon is 21, down 22.2% from last year.
Av days on market for units in Croydon is 16, down 30.4% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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