Fairfield's apartment market is moving with real confidence right now. Two-bedroom units are clearing in just over three weeks with an 80 per cent clearance rate, and one-bedroom apartments are close behind at 82 per cent. For a suburb with such a high share of renters, that speed reflects genuine investor and owner-occupier demand meeting a shortage of well-located stock.
Houses are telling a different story. Three-bedroom homes are taking around two months to sell, though 64 per cent are still finding buyers, and the four-bedroom bracket above $2.5 million is more selective at 42 per cent clearance. Entry-level two-bedroom houses just above one million dollars remain the most in demand, clearing at 70 per cent.
Buyers here want move-in ready homes with quality renovations, functional layouts and genuine outdoor space, and they are prepared to wait for the right one. The mood is a touch more cautious than earlier in the year, but well-presented properties, house or apartment, are still finding ready buyers quickly.
Median sale price for houses in Fairfield is $1,603,500, down 1.6% from last year.
Median sale price for units in Fairfield is $521,500, down 17.2% from last year.
Properties sold for houses in Fairfield is 70, down 13.6% from last year.
Properties sold for units in Fairfield is 80, up 50.9% from last year.
Auction clearance for houses in Fairfield is 63.6%, up 14.5% from last year.
Auction clearance for units in Fairfield is 87.0%, up 21.7% from last year.
Av days on market for houses in Fairfield is 54, up 42.1% from last year.
Av days on market for units in Fairfield is 24, down 33.3% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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