Wollongong & Illawarra - Illawarra & South Coast - Sale Price Report
Posted on November 15, 2023 • 21 minutes • 4273 words
Property analysis sections
Welcome
Welcome to the Property Panther Wollongong & Illawarra 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 Wollongong & Illawarra, a charming coastal region in New South Wales! Known for its stunning beaches, vibrant cultural scene, and thriving economy, this area offers a diverse housing stock ranging from modern apartments to spacious family homes, making it an enticing destination for property buyers seeking a laid-back coastal lifestyle with urban conveniences.
Last Month Property Summary
The Wollongong & Illawarra housing market in Illawarra & South Coast is showing signs of shifting towards a more balanced market with a slight advantage for buyers as indicated by the increase in median days on market and decrease in new sold listings, but still with strong median sold prices.
Property Type Breakdown
Wollongong & Illawarra in NSW Australia offers a diverse range of properties, with houses dominating the market at 51% of all listings, followed by apartments, new house and land packages, townhouses, vacant land, and a variety of other options, allowing buyers to find their dream home or investment property with ease.
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
This chart shows how many properties were sold in Wollongong & Illawarra during the month of September. Each bar in the chart represents a range of days that properties were up for sale before they were sold. Properties that were on the market for more than 200 days are not included.
The average monthly change in the Days on Market for properties in Wollongong & Illawarra 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
This chart shows the distribution of property sale prices in Wollongong & Illawarra during the month of September. Each bar in the chart represents a range of prices for properties sold.
The average monthly change in the median sold price of properties in Wollongong & Illawarra during the period shown below was $3478. The trend shows an increase in the median sold price over time.
Price - By Property Type
Price - By Suburb
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