Nunawading is one of the more consistent performers in the area right now, and the reason is simple: very little stock and plenty of demand. Three-bedroom houses near $1.081m are clearing at close to nine in ten, five-bedroom homes are not far behind, and even the unit market is posting pass rates in the low eighties. Almost every segment is finding buyers.
Supply is genuinely tight here, well below what a balanced market would carry, and that is keeping competition firm across price points. The entry three-bedroom house, one of the more affordable in the wider area, is doing much of the volume.
For owners that is about as favourable a backdrop as the current market offers. If you have been waiting for a reason to sell, low competing stock and active buyers is it. Pricing to recent sales still matters, but here it is more likely to attract several buyers than just one.
Median sale price for houses in Nunawading is $1,180,000, up 5.8% from last year.
Median sale price for units in Nunawading is $745,000, up 8.8% from last year.
Properties sold for houses in Nunawading is 140, down 2.8% from last year.
Properties sold for units in Nunawading is 57, up 26.7% from last year.
Auction clearance for houses in Nunawading is 80.8%, up 3.3% from last year.
Auction clearance for units in Nunawading is 82.1%, up 73.4% from last year.
Av days on market for houses in Nunawading is 39, down 23.5% from last year.
Av days on market for units in Nunawading is 40, up 11.1% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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