Mooroolbark remains the highest-volume suburb in this update, with 415 house sales this year, even as that number has eased 7.4 per cent against genuinely low stock levels. The median price is up 6.9 per cent to $866,000, and days on market have improved sharply, down 33.3 per cent to just 18 days.
Buyers here are engaged but noticeably more selective, clearance has eased to 59.1 per cent, consistent with the pattern directors are seeing across the wider area, buyers are no longer racing to outbid each other but will still pay well with a little patience and the right presentation. Renovated and mid-century modern homes continue to be particularly sought after.
With first-home buyers dominant in the $700,000 to $1.2 million range, and many sellers favouring private sale over auction, well-presented homes in Mooroolbark are still finding genuinely committed buyers.
Median sale price for houses in Mooroolbark is $867,000, up 6.4% from last year.
Median sale price for units in Mooroolbark is $715,500, up 6.7% from last year.
Properties sold for houses in Mooroolbark is 427, down 1.8% from last year.
Properties sold for units in Mooroolbark is 53, down 11.7% from last year.
Auction clearance for houses in Mooroolbark is 58.7%, down 14.2% 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 19, down 26.9% from last year.
Av days on market for units in Mooroolbark is 20, down 13.0% from last year.
$1,000,000
$947,500
$922,500
$867,000
$845,000
$840,000
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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