Essendon's median house price is up a strong 12.0 per cent this year to $1,679,500, with 296 sales, an increase of 6.9 per cent on last year. That combination of rising prices and rising volume is a genuinely strong signal for this anchor suburb.
The apartment market is active too, with 290 unit sales, up 10.3 per cent, even as the median eases slightly to $493,750. Clearance has improved across both, up 5.6 per cent for houses to 66.8 per cent and up 13.2 per cent for units to 69.9 per cent, while days on market have fallen sharply, down 20.6 per cent for houses and 19.0 per cent for units.
With excellent transport links via the Craigieburn line and a genuine mix of period and contemporary homes, Essendon continues to draw broad demand. This combination of price growth, volume growth and faster sales points to a market with real underlying momentum heading into spring.
Median sale price for houses in Essendon is $1,679,500, up 12.0% from last year.
Median sale price for units in Essendon is $493,750, down 3.2% from last year.
Properties sold for houses in Essendon is 296, up 6.9% from last year.
Properties sold for units in Essendon is 290, up 10.3% from last year.
Auction clearance for houses in Essendon is 66.8%, up 5.6% from last year.
Auction clearance for units in Essendon is 69.9%, up 13.2% from last year.
Av days on market for houses in Essendon is 50, down 20.6% from last year.
Av days on market for units in Essendon is 34, down 19.0% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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