Lower Plenty's house market has cooled noticeably this year, the median down 15.3 per cent to $1,270,000 and clearance easing to 20.0 per cent, even as sales volume held up, up 10.2 per cent to 54. Days on market have stretched too, up 35.5 per cent to 42 days, a clear sign that buyers at this end are taking their time.
The apartment market tells a completely different story, clearing at a perfect 100 per cent, up 25.0 per cent on last year, with 24 sales this year. Even with the median easing 8.2 per cent to $675,000, that clearance result stands out as one of the strongest in this part of Melbourne's north-east.
With three in four homes here houses rather than apartments, and a settled, family-oriented population, Lower Plenty remains a genuinely leafy, riverside pocket. This year's figures point to a market working through a period of adjustment at the top, even as the smaller apartment segment continues to perform strongly.
Median sale price for houses in Lower Plenty is $1,270,000, down 15.3% from last year.
Median sale price for units in Lower Plenty is $680,000, down 2.9% from last year.
Properties sold for houses in Lower Plenty is 53, up 12.8% from last year.
Properties sold for units in Lower Plenty is 21, down 8.7% from last year.
Auction clearance for houses in Lower Plenty is 20.0%, down 20.0% from last year.
Av days on market for houses in Lower Plenty is 41, up 32.3% from last year.
Av days on market for units in Lower Plenty is 25, up 4.2% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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