Rye's three and four-bedroom brackets are carrying real volume this year, with 164 three-bedroom sales at $875,000 and a 58 per cent clearance rate, and 105 four-bedroom sales at $1.17 million. Two-bedroom houses remain the quickest mover, selling at $785,000 in an average of just 19 days.
Five-bedroom homes above $1.36 million make up a more selective top end, often taking several months to sell as buyers become choosier at that level. Buyers across every bracket are prioritising solid, structurally sound homes over cosmetic renovations, in keeping with the mood across the wider Peninsula.
Demand is quieter than usual right now, but so is stock, and sellers coming to market with realistic expectations are securing genuine interest. Homes priced to reflect the current market are the ones generating real offers, while overpriced listings are simply sitting longer than they need to.
Median sale price for houses in Rye is $950,000, up 0.0% from last year.
Median sale price for units in Rye is $585,000, down 0.5% from last year.
Properties sold for houses in Rye is 297, down 16.6% from last year.
Properties sold for units in Rye is 13, down 7.1% from last year.
Auction clearance for houses in Rye is 66.7%, up 47.6% from last year.
Av days on market for houses in Rye is 43, down 29.5% from last year.
Av days on market for units in Rye is 22
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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