Lilydale is where the first-home-buyer story is most visible this month. Competition for anything in the $700,000 to $850,000 band is intense, one recent property drew 39 groups through opens over a single weekend and fielded multiple offers well above expectation.
Three-bedroom houses sit right in that band at $805,000, with 129 sales this year and just 13 days on market, the fastest of any bracket. Four-bedroom homes are close behind at $1.06 million in 23 days, and two-bedroom houses remain the true entry point at $610,000. Units are moving quickly too, with two-bedroom apartments clearing in 19 days and strong buyer numbers at every open.
This is a genuinely balanced suburb, half owner-occupied households and half renting, drawing everyone from first-home buyers to downsizers. With stock this tight and buyer numbers this strong, well-presented homes priced to the current market are the ones generating multiple offers.
Median sale price for houses in Lilydale is $845,000, up 3.7% from last year.
Median sale price for units in Lilydale is $600,000, up 4.3% from last year.
Properties sold for houses in Lilydale is 347, down 3.3% from last year.
Properties sold for units in Lilydale is 130, up 25.0% from last year.
Auction clearance for houses in Lilydale is 50.0%, down 10.0% from last year.
Av days on market for houses in Lilydale is 18, down 25.0% from last year.
Av days on market for units in Lilydale is 17, down 37.0% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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