Buyers are taking their time through opens, but they have not lost interest. Quality homes are still attracting strong crowds, and with stock limited across the suburb, the well-presented ones are the standouts. Renovated kitchens, functional family layouts and genuine outdoor space are what buyers are asking for first.
The numbers back this up. Three-bedroom houses remain the most traded segment, with 172 sales this year and a clearance rate of 65 per cent in just over a month on market. Four-bedroom homes are moving a little slower at 48 days but still clearing 59 per cent, while entry apartments are turning over quickly, with one-bedroom units selling in under five weeks.
The mood across the northern suburbs has cooled slightly, with fewer people through opens and at auction. But the upgrader band between $1.2 million and $2 million is where the real competition sits, and homes priced to today's market from day one are the ones cutting through. This is not a market that rewards testing the waters.
Median sale price for houses in Northcote is $1,650,000, up 5.1% from last year.
Median sale price for units in Northcote is $594,000, down 4.2% from last year.
Properties sold for houses in Northcote is 364, up 7.7% from last year.
Properties sold for units in Northcote is 223, down 9.3% from last year.
Auction clearance for houses in Northcote is 69.8%, down 0.8% from last year.
Auction clearance for units in Northcote is 72.1%, up 8.1% from last year.
Av days on market for houses in Northcote is 37, down 24.5% from last year.
Av days on market for units in Northcote is 32, down 15.8% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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