Hawthorn is the apartment powerhouse of the inner east. More than two hundred two-bedroom units sold over the past year, alongside a hundred and fifty one-bedroom apartments, and with a majority of residents renting and a young, professional profile, the depth of the buyer pool for units is genuine. Downsizers wanting to stay in the postcode are active in the newer stock.
The house market holds up well through the middle, with three and four-bedroom homes clearing around seven in ten even as the four-bedroom median passes $3.2m. The exception is the very top, where five-bedroom trophy homes above $5.5m are clearing at under four in ten.
If you own a unit or townhouse the current demand is a real opportunity worth acting on. For house sellers through the middle of the market the conditions are solid, and pricing the largest homes to genuine recent sales is what keeps a campaign moving.
Median sale price for houses in Hawthorn is $2,462,500, down 2.0% from last year.
Median sale price for units in Hawthorn is $565,000, up 0.0% from last year.
Properties sold for houses in Hawthorn is 191, down 3.5% from last year.
Properties sold for units in Hawthorn is 380, up 4.1% from last year.
Auction clearance for houses in Hawthorn is 69.3%, down 9.6% from last year.
Auction clearance for units in Hawthorn is 73.0%, down 0.2% from last year.
Av days on market for houses in Hawthorn is 39, up 5.4% from last year.
Av days on market for units in Hawthorn is 36, down 5.3% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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