Fitzroy rewards the compact and the characterful. Two-bedroom terraces near $1.295m are clearing at three in four in about a month, and the warehouse-style two-bedroom apartments the suburb is known for are doing even better, at more than four in five. Buyers are prioritising lifestyle and character over sheer size.
The larger and pricier stock is where patience comes in. Three-bedroom houses are clearing at just over half, and the biggest apartments, near $1.85m, are sitting close to twenty-one weeks on market. It is a clear split between what moves quickly and what waits.
For sellers of a well-presented smaller home, whether a terrace or a converted warehouse, the competition is real. For larger or higher-priced homes, a price grounded in this year's genuine sales and strong online presentation are what keep a campaign moving, because buyers are comparing carefully and will not chase anything that feels ahead of the market.
Median sale price for houses in Fitzroy is $1,500,000, down 8.3% from last year.
Median sale price for units in Fitzroy is $760,000, up 0.7% from last year.
Properties sold for houses in Fitzroy is 113, down 5.8% from last year.
Properties sold for units in Fitzroy is 151, up 41.1% from last year.
Auction clearance for houses in Fitzroy is 67.0%, down 1.2% from last year.
Auction clearance for units in Fitzroy is 75.6%, up 9.2% from last year.
Av days on market for houses in Fitzroy is 43, down 24.6% from last year.
Av days on market for units in Fitzroy is 36, up 0.0% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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