Postcode: 2404, NSW - Sale Price Report
Posted on November 15, 2023 • 5 minutes • 887 words
Property analysis sections
Welcome
Welcome to the Property Panther 2404 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 the vibrant postcode 2404 in NSW, home to the suburbs of Pallal, Upper Bingara, Bingara, Dinoga, Keera, Whitlow, Bangheet, Elcombe, and Gineroi. With its picturesque landscapes and affordable housing options, this charming region offers a laid-back lifestyle for property buyers seeking a peaceful retreat in rural New South Wales.
Last Month Property Summary
In the 2404 area of NSW, it can be considered more of a seller’s market as the median days on market decreased from 65 to 43 while the median sold price increased slightly from 341,500 to 347,500.
Property Type Breakdown
Welcome to postcode 2404 in NSW Australia, where the property stock offers a diverse range of options to suit every lifestyle, with houses comprising the largest percentage of sale listings at 57%, followed by vacant land at 17% and acreage/semi-rural properties at 11% - ensuring there is something for everyone in this vibrant area.
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 postcode 2404 during the period shown below was -8 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
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Property Transaction Volume
Transaction Volume - Overall
Transaction Volume - By Property Type
Transaction Volume - By Suburb
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Property Price
Price - Overall
The average monthly change in the median sold price of properties in postcode 2404 during the period shown below was $-25978. The trend shows a decrease in the median sold price over time.
Price - By Property Type
Price - By Suburb
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