Fawkner remains the most affordable suburb in Melbourne's north, and buyers know it. Three-bedroom houses are the clear volume leader with 155 sales this year, clearing at 74 per cent in a brisk 33 days, while two-bedroom homes move even faster, selling in under a month at an 84 per cent clearance rate.
Four-bedroom family homes just under $1 million are also finding buyers quickly, clearing at 68 per cent in around a month. Apartments trail a little behind on speed, with two-bedroom units taking closer to five weeks, though three-bedroom units are performing well at 67 per cent clearance.
More than half of local households are families, and buyers here are practical, well-considered and unwilling to pay above market value. That discipline, combined with genuinely tight stock, is what is keeping days on market so low across almost every bracket. For vendors, it means a well-priced, well-presented home rarely sits for long.
Median sale price for houses in Fawkner is $821,000, up 8.0% from last year.
Median sale price for units in Fawkner is $613,250, up 21.0% from last year.
Properties sold for houses in Fawkner is 279, up 7.3% from last year.
Properties sold for units in Fawkner is 50, up 28.2% from last year.
Auction clearance for houses in Fawkner is 78.5%, up 15.7% from last year.
Auction clearance for units in Fawkner is 67.7%, down 9.7% from last year.
Av days on market for houses in Fawkner is 32, down 25.6% from last year.
Av days on market for units in Fawkner is 34, down 38.2% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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