Northcote's median house price is up 5.1 per cent this year to $1,650,000, and the clearest signal of a genuinely changing market is in how quickly homes are moving, days on market down 24.5 per cent for houses and 15.8 per cent for units. Buyers are engaged, but the market is readjusting to what's real rather than racing ahead.
Sales volume is strong too, 364 houses this year, up 7.7 per cent, though the apartment market has eased slightly with unit sales down 9.3 per cent and prices down 4.2 per cent. Buyers here remain genuinely excited by the prospect that interest rates hold steady, and that confidence is translating into faster decisions once the right home appears.
Northcote's trendy, high-street character, cafes, galleries and easy transport into the city, continues to be a genuine drawcard. With first-home buyers dominant in the $700,000 to $1.2 million range, vendors who price realistically rather than to last year's peak are the ones converting interest into a result.
Median sale price for houses in Northcote is $1,642,500, up 4.0% from last year.
Median sale price for units in Northcote is $592,250, down 4.5% from last year.
Properties sold for houses in Northcote is 357, up 3.2% from last year.
Properties sold for units in Northcote is 218, down 7.2% from last year.
Auction clearance for houses in Northcote is 68.9%, down 2.5% from last year.
Auction clearance for units in Northcote is 73.8%, up 8.5% from last year.
Av days on market for houses in Northcote is 39, down 18.8% from last year.
Av days on market for units in Northcote is 28, down 26.3% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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