Mitcham remains a busy, high-turnover market, and right now the quickest-moving stock is the smallest. Two-bedroom units are selling in under three weeks and three-bedroom units in a little over, both faster than any house segment, driven by downsizers and first-home buyers competing for low-maintenance homes amid busier opens than July.
The house market is deep as well, more than a hundred three-bedroom homes near $1.105 million and over eighty four-bedroom homes changed hands across the year, so buyers have plenty of choice and the confidence to take their time on due diligence.
With first-home buyers dominant and the $700,000 to $1.2 million range the most active band, that choice is exactly what buyers are enjoying right now. If you own a unit or townhouse the current pace is on your side, and house sellers are finding demand is there provided the price reflects recent local sales.
Median sale price for houses in Mitcham is $1,210,000, up 4.6% from last year.
Median sale price for units in Mitcham is $757,000, up 0.1% from last year.
Properties sold for houses in Mitcham is 216, down 3.1% from last year.
Properties sold for units in Mitcham is 78, down 23.5% from last year.
Auction clearance for houses in Mitcham is 68.5%, down 9.1% from last year.
Auction clearance for units in Mitcham is 66.0%, down 4.1% from last year.
Av days on market for houses in Mitcham is 36, up 12.5% from last year.
Av days on market for units in Mitcham is 30, down 28.6% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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