Postcode: 2160, NSW - Sale Price Report
Posted on November 15, 2023 • 4 minutes • 767 words
Property analysis sections
Welcome
Welcome to the Property Panther 2160 postcode sale price report! We value your feedback. Please take a moment to complete our survey and help us improve our property analysis.
Who is this useful for?
Home Buyers:
Understand property affordability in your preferred suburb. Get a detailed breakdown of property types and prices, market dynamics including time on market and transaction volume.
Investors:
Use our report to determine the right time to invest. Gain a comprehensive view of property demand, transaction volume, and current market situation to guide your strategies.
Sellers:
Get insights on potential selling time based on market trends. Understand market pace from ‘Time On Market’ and ‘Transaction Volume’, and learn to price your property competitively from ‘Property Price’.
Location Overview
Welcome to the vibrant and dynamic postcode of 2160 in NSW. Home to the charming suburbs of Merrylands West and Merrylands, this area offers a diverse range of housing options and a lifestyle that embraces community spirit and convenient amenities.
Last Month Property Summary
In NSW, in the months of July and August 2023, the market shifted from a balanced market with a slight tilt towards sellers to a more pronounced sellers’ market with higher median sold prices and longer days on market.
Property Type Breakdown
In postcode 2160 of NSW Australia, the property stock is a vibrant mix, with 52% of listings being apartment units, 26% being new apartments/off the plan, 16% being houses, and a unique 5% falling under the category of “other” properties – ensuring there’s something for everyone in this diverse market.
Property Demand - Time On Market
Looking at the number of days it takes to sell a property is a good indicator of the amount of demand in a market because it shows how quickly properties are being purchased, reflecting interest and competition among buyers.
Time On Market - Overall
The average monthly change in the Days on Market for properties in postcode 2160 during the period shown below was 1 days.
This chart shows the trend of Days on Market over time. Each point on the line represents the average number of days a property was on the market before being sold in a particular month.
Time On Market - By Property Type
Time On Market - By Suburb
Property Transaction Volume
Transaction Volume - Overall
Transaction Volume - By Property Type
Transaction Volume - By Suburb
Property Price
Price - Overall
The average monthly change in the median sold price of properties in postcode 2160 during the period shown below was $5326. The trend shows an increase in the median sold price over time.
Price - By Property Type
Price - By Suburb
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