This property market update will provide insight into the local house market in Kellyville NSW 2155 for September 2021.
âžž Related: Kellyville August 2021 week 3 housing market.
The number of houses sold (indication for the supply).
In Kellyville this September, 28 houses have been sold. This number is less than the September monthly average within the past three years, where 38 homes sold which indicates a lower house supply.
Twenty of the properties sold were 4-bedroom houses (71%), seven were at least 5-bedroom (25%) and one 3-bedroom house (4%).
Property selling methods: auction vs private treaty.
Thirteen houses were sold through auction (46%), while the other fifteen were sold by negotiation / private treaty (54%). The auction clearance rate for Kellyville in September is 85%, which is a high indication of a strong market.
For comparison, in 2021: 77.02% of properties were sold by private treaty, and 22.98% at auction. The auction clearance rate for Kellyville in 2021 is 79.16%.
âžž Related: When you are selling which selling method is better: auction vs private treaty.
Average days on the market (indication for the demand).
In September 2021, the average days on the market for all properties were 44 days, three days quicker to sell than the average days within 12 months, which indicates a higher buyer demand or competition.
A three-bedroom house takes the shortest time to on the market (8 days), followed by a four-bedroom (average of 44 days) and a five-bedroom house (56 days).
This data is consistent with 2021 so far, where a three-bedroom house takes the shortest time on the market (average of 24 days), followed by a four-bedroom (average of 53 days) and a five-bedroom house (64 days).
Median sold prices.
The median price for all houses was $1,660,500 (30.7% increase from September 2020 median price of $1,270,000 and 10.7% increase from this year median of $1,500,000).
The highest price for a house was $2,300,000 (The highest this year is 2,800,000).
There was only one three-bedroom house sold for $1,400,000 (27.3% higher than 2021 median so far, $1,100,000).
The median for a four-bedroom house was $1,660,500 (19.9% higher than 2021 median so far, $1,385,000).
The median for a five-bedroom house was $1,945,000 (18% higher than 2021 median so far, $1,648,000).
âžž Related: Kellyville suburb profile & property market.
Conclusion.
In summary, the property market in Kellyville remains strong, supported by strong demand by the buyers, showed through the short days on the market and high auction clearance rates. The median selling price across three to five-bedroom houses in the suburb also outperforming the 2021 median price.
It's important to stay updated with your local property market, so if you want to know the value of your property in this current market, you can start with Kellyville house value assessment. You can also read the answers to the most asked question by home sellers about selling property in Kellyville.
Irving Gunawan | RayWhite Kellyville
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