Inner West - Sydney - Sale Price Report
Posted on November 15, 2023 • 15 minutes • 3180 words
Property analysis sections
Welcome
Welcome to the Property Panther Inner 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
The Inner West in NSW is a vibrant and sought-after area for property buyers, offering a diverse housing stock that ranges from beautifully preserved heritage homes to modern apartments. Residents of the Inner West enjoy a laid-back and artistic lifestyle, thanks to the area’s thriving arts and culture scene, trendy cafes, and leafy parks.
Last Month Property Summary
In the Inner West region of Sydney, there is a slight shift towards a sellers market in the current month compared to the prior month, as indicated by a higher median sold price and a slightly longer median days on market.
Property Type Breakdown
The Inner West in NSW, Australia offers a diverse range of property options, with apartments taking the lead at 65% of sale listings, followed by houses at 24%, highlighting the appeal of urban living balanced with traditional suburban charm.
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 Inner West 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 Inner 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
This chart shows the distribution of property sale prices in Inner West 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 Inner West during the period shown below was $-9522. The trend shows a decrease in the median sold price over time.
Price - By Property Type
Price - By Suburb
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