Essendon North has recorded the sharpest price growth anywhere in this update, the median house price up 33.5 per cent this year to $1,331,000. Sales volume is up too, 2.6 per cent to 39, though days on market have stretched 21.3 per cent to 57 days, suggesting buyers are taking their time even as they're prepared to pay more.
The apartment market tells a steadier story, with prices up a modest 4.6 per cent to $411,000, and days on market improving sharply, down 52.3 per cent to just 21 days. Unit sales have eased though, down 11.2 per cent on last year.
That combination, a dramatic house price lift alongside a much calmer apartment market, makes Essendon North one of the more interesting pockets to watch in this update, and one worth flagging for a closer local read.
Median sale price for houses in Essendon North is $1,215,000, up 21.9% from last year.
Median sale price for units in Essendon North is $414,000, up 5.3% from last year.
Properties sold for houses in Essendon North is 39, up 0.0% from last year.
Properties sold for units in Essendon North is 92, up 7.0% from last year.
Auction clearance for houses in Essendon North is 52.9%, down 8.0% from last year.
Auction clearance for units in Essendon North is 55.6%, down 19.8% from last year.
Av days on market for houses in Essendon North is 55, up 61.8% from last year.
Av days on market for units in Essendon North is 21, down 51.2% from last year.
$1,657,500
$1,450,000
$1,215,000
$1,200,000
$961,500
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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