Parramatta - Sydney - Sale Price Report
Posted on November 15, 2023 • 10 minutes • 1950 words
Property analysis sections
Welcome
Welcome to the Property Panther Parramatta 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
Parramatta, located in NSW, is a thriving suburb that offers a diverse range of housing options and a vibrant lifestyle. Known for its mix of historic and modern architecture, as well as its proximity to restaurants, shops, and cultural attractions, Parramatta is an attractive destination for property buyers seeking a lively and convenient place to call home.
Last Month Property Summary
In Parramatta, the Sydney Region, there is a balanced market with a slight favor towards sellers, as indicated by a decrease in median days on market, an increase in median sold price, and a decrease in new sold listings from the prior month.
Property Type Breakdown
In Parramatta, NSW Australia, apartment living takes the lead, accounting for 56% of the property stock, followed by houses at 20%, while new apartments, townhouses, and other property types each make up 7% of the market, with new house and land packages rounding it off at 5%.
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 Parramatta 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 Parramatta 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 Parramatta 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 Parramatta during the period shown below was $870. The trend shows an increase in the median sold price over time.
Price - By Property Type
Price - By Suburb
Thanks for reading our property analysis! We value your feedback. Please take a moment to complete our survey.