Postcode: 2287, NSW - Sale Price Report
Posted on November 15, 2023 • 6 minutes • 1270 words
Property analysis sections
Welcome
Welcome to the Property Panther 2287 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 postcode 2287 in New South Wales, a vibrant and sought-after area for property buyers. With a diverse range of suburbs such as Rankin Park, Wallsend, Minmi, Birmingham Gardens, Maryland, Elermore Vale, and Fletcher, this postcode offers a range of housing options to suit various lifestyles. From charming character homes to contemporary developments, this area provides a unique blend of suburban living and convenient amenities, making it an ideal choice for prospective buyers.
Last Month Property Summary
Based on the given data, it appears that the real estate market in NSW in 2287 is leaning more towards a buyers market rather than a sellers market, with a decrease in new sale listings, longer median days on market and a slightly lower median sold price between the two reported periods.
Property Type Breakdown
The property stock in postcode 2287 offers a diverse range of options, with houses comprising 41% of the listings, followed by vacant land at 24% and townhouses and new house & land options each accounting for 11% of the market, making it an attractive area with plenty of choices for potential buyers.
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 postcode 2287 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 postcode 2287 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
21 – 26
26 – 32
32 – 37
37 – 42
42 – 44
44 – 45
45 – 47
47 – 48
48 – 50
No data
Property Transaction Volume
Transaction Volume - Overall
Transaction Volume - By Property Type
Transaction Volume - By Suburb
0 – 0
0 – 0
0 – 0
0 – 0
0 – 1
1 – 2
2 – 4
4 – 5
5 – 5
Property Price
Price - Overall
This chart shows the distribution of property sale prices in postcode 2287 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 postcode 2287 during the period shown below was $1652. The trend shows an increase in the median sold price over time.
Price - By Property Type
Price - By Suburb
$665,300 – 710,600
$710,600 – 755,900
$755,900 – 801,200
$801,200 – 846,500
$846,500 – 882,200
$882,200 – 917,900
$917,900 – 953,600
$953,600 – 989,300
$989,300 – 1,025,000
No data
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