Mooroolbark is a reasonable place to sell this month despite softer prices. A genuine shortage of homes for sale is keeping the market steadier than the media noise implies, and owners who list now face limited competition.
Demand is strongest for lower-priced homes and sites with development potential. Owners are hesitating on the back of winter and uncertainty around auction results, which keeps supply low.
The likely outcome is a surge of listings in spring, possibly an oversupply. For anyone committed to selling, acting quickly while stock is scarce is the smart move, with time currently on your side. Those buying and selling in the same market will find the numbers balance out.
Median sale price for houses in Mooroolbark is $866,000, up 6.9% from last year.
Median sale price for units in Mooroolbark is $715,500, up 8.0% from last year.
Properties sold for houses in Mooroolbark is 415, down 7.4% from last year.
Properties sold for units in Mooroolbark is 53, down 17.2% from last year.
Auction clearance for houses in Mooroolbark is 59.1%, down 14.8% from last year.
Auction clearance for units in Mooroolbark is 50.0%, down 50.0% from last year.
Av days on market for houses in Mooroolbark is 18, down 33.3% from last year.
Av days on market for units in Mooroolbark is 19, down 17.4% from last year.
$1,000,000
$950,000
$920,000
$866,000
$845,000
$835,000
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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