Property Panther
November 15, 2023

Central West - Regional NSW - Sale Price Report

Posted on November 15, 2023  •  24 minutes  • 4955 words
Property analysis sections

Welcome

Welcome to the Property Panther Central West 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 Central West, NSW! This vibrant region offers a unique blend of rural charm and modern conveniences, making it an ideal place for property buyers. With a diverse housing stock ranging from historic cottages to contemporary homes, coupled with a relaxed lifestyle, this area is perfect for those seeking a balance between tranquility and accessibility.

Last Month Property Summary

In the central west region of Regional NSW, based on the available data for the current and prior month, it is difficult to determine if it is a buyer’s or seller’s market due to the lack of information on median days on market and median sold price.

Property Type Breakdown

In the property stock of Central West in NSW, Australia, houses dominate the market with 49% of the sale listings, followed by vacant land at 27%, showcasing ample opportunities for those aspiring to build their dream home in this scenic region.

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 Central West 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 Central West during the period shown below was $-12200. The trend shows a decrease in the median sold price over time.

Price - By Property Type

Price - By Suburb

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