Postcode: 2877, NSW - Sale Price Report
Posted on November 15, 2023 • 4 minutes • 802 words
Property analysis sections
Welcome
Welcome to the Property Panther 2877 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 our property market update for the 2877 postcode in NSW. This diverse area, encompassing towns like Mount Hope, Gilgunnia, Condobolin, and more, offers a varied housing stock, from charming country homes to rural acreages, making it a perfect destination for both those seeking a peaceful lifestyle or an investment opportunity.
Last Month Property Summary
In 2877 in NSW, it appears to be a buyer’s market as the median days on market and median sold price have both increased, while the number of new sold listings has also increased.
Property Type Breakdown
In postcode 2877, NSW Australia, house listings dominate the property market at 48%, followed by vacant land at 22% and rural properties at 13%, offering a diverse range of options for buyers seeking a peaceful rural lifestyle or a new venture.
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 2877 during the period shown below was 2 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 2877 during the period shown below was $5131. The trend shows an increase in the median sold price over time.
Price - By Property Type
Price - By Suburb
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