Hawthorn East shares its neighbour's deep apartment market, with more than a hundred and sixty two-bedroom units and close to a hundred one-bedroom units sold over the year, moving quickly and drawing first-home buyers, investors and downsizers.
The house market has an unusual shape worth knowing. The four-bedroom bracket, near $2.715m, is the slow spot, sitting around eleven weeks on market and clearing in the high fifties, while the largest five-bedroom homes actually clear better, at around seven in ten. It is a reminder that within one suburb, different segments can move at very different speeds.
For unit owners the demand is strong and worth using. If you are selling a four-bedroom home, presentation and a price grounded firmly in this year's genuine sales matter more than anywhere else in the suburb, because that is the bracket where today's buyers are being most careful and most comparative.
Median sale price for houses in Hawthorn East is $2,330,000, up 2.0% from last year.
Median sale price for units in Hawthorn East is $595,500, up 4.5% from last year.
Properties sold for houses in Hawthorn East is 162, down 16.1% from last year.
Properties sold for units in Hawthorn East is 283, up 13.7% from last year.
Auction clearance for houses in Hawthorn East is 66.7%, down 2.3% from last year.
Auction clearance for units in Hawthorn East is 63.4%, down 12.8% from last year.
Av days on market for houses in Hawthorn East is 55, up 22.2% from last year.
Av days on market for units in Hawthorn East is 38, down 19.1% from last year.
$3,165,000
$2,690,000
$2,462,500
$2,330,000
$2,300,000
$2,273,000
$2,250,000
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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