Postcode: 2587, NSW - Sale Price Report
Posted on November 15, 2023 • 4 minutes • 790 words
Property analysis sections
Welcome
Welcome to the Property Panther 2587 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
Located in the picturesque region of New South Wales, postcode 2587 offers a diverse range of suburbs including Cunningar, Murrumburrah, and Harden. With a charming rural lifestyle, the area features a mix of traditional and modern housing stock, surrounded by natural beauty and a strong community spirit.
Last Month Property Summary
In 2587, NSW, there has been a shift from a sellers market to a buyers market, as the median days on market have significantly increased and the median sold price has decreased.
Property Type Breakdown
In the picturesque postcode 2587 of NSW, Australia, the property stock comprises an enticing blend of diverse options, with houses commanding a 50% share of sale listings, followed by vacant land at 25%, and a collection of stunning acreage, semi-rural, new house & land, studio, farm, rural, and specialist farm properties collectively making up the remaining 25%.
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 2587 during the period shown below was 2 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 2587 during the period shown below was $8095. The trend shows an increase in the median sold price over time.
Price - By Property Type
Price - By Suburb
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