Murrumbeena is trading on genuine need this month rather than speculation. Upsizers, downsizers and first home buyers are the ones transacting, cautious about overpaying but ready to act on turn key homes that need no immediate work.
The station precinct and family-friendly streets keep steady inquiry flowing. First home buyers are placing a high value on usable outdoor space, and that is lifting prices on units and townhouses with a decent yard or courtyard.
Stock is limited, which keeps competition healthy for owners who list before the spring rush arrives. Buyers are doing their homework on price, so a campaign pitched to the right market with careful pricing is what converts interest into offers.
Median sale price for houses in Murrumbeena is $1,620,000, up 3.8% from last year.
Median sale price for units in Murrumbeena is $550,000, down 14.5% from last year.
Properties sold for houses in Murrumbeena is 95, down 15.2% from last year.
Properties sold for units in Murrumbeena is 109, up 14.7% from last year.
Auction clearance for houses in Murrumbeena is 63.6%, down 9.2% from last year.
Auction clearance for units in Murrumbeena is 74.5%, down 1.2% from last year.
Av days on market for houses in Murrumbeena is 43, up 2.4% from last year.
Av days on market for units in Murrumbeena is 50, up 47.1% from last year.
$1,935,000
$1,620,000
$1,530,000
$1,490,000
$1,442,500
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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