Murrumbeena's houses are holding their ground, prices up 3.8 per cent year on year even as low stock makes for genuine competition on what does list. The three-bedroom family home remains the clear sweet spot, and most stock is selling reasonably quickly given the tighter conditions right now.
Units tell a different story. Prices are down 14.5 per cent year on year, and days on market have stretched considerably, up 47.1 per cent to 50 days, even though unit sales volume is up 14.7 per cent. That gap is worth flagging honestly to any owner considering the unit market here right now.
Buyers can expect stronger stock levels through spring, and with appraisals rising after a quiet winter, sentiment is genuinely improving across this part of the market right now. Investors remain the dominant buyer type, with most activity sitting under $700,000.
Median sale price for houses in Murrumbeena is $1,610,000, up 2.3% from last year.
Median sale price for units in Murrumbeena is $576,500, down 8.9% from last year.
Properties sold for houses in Murrumbeena is 92, down 23.3% from last year.
Properties sold for units in Murrumbeena is 107, up 9.2% from last year.
Auction clearance for houses in Murrumbeena is 63.2%, down 11.5% from last year.
Auction clearance for units in Murrumbeena is 75.5%, down 2.0% from last year.
Av days on market for houses in Murrumbeena is 45, up 7.1% from last year.
Av days on market for units in Murrumbeena is 50, up 47.1% from last year.
$1,967,500
$1,610,000
$1,550,000
$1,478,500
$1,442,500
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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