This property market update will provide insight into the local house market in Kellyville NSW 2155 for October 2021 during the easing of the Covid-19 lockdown.
âžž Related: Kellyville September 2021 housing market.
The number of houses sold (indication for the supply).
In October 2021, there were 33 houses sold in Kellyville. This number is less than the average number of houses sold in October within the past three years, where 37 homes sold. For comparison, in September 2021, 28 houses were sold in Kellyville, indicating a supply trend is increasing with a number lower than the three-year average.
Sixteen of the properties sold were 4-bedroom houses (48.5%), fourteen were at least 5-bedroom houses (42.5%) and three were 3-bedroom houses (9%).
Property selling methods: auction vs private treaty.
Thirteen houses were sold through auction (39%), while the other twenty were sold through private treaty / by negotiation (61%). Kellyville auction clearance rate for October was 70%.
For comparison, in 2021: 56.25% of properties were sold by private treaty, and 43.75% were by auction. The Kellyville auction clearance rate for 2021 is 80.32%.
âžž Related: Choosing auction vs private treaty.
Median days on the market (indication for the demand)
In October 2021, the median days on the market for all properties were 19 days, two days quicker to sell than the median in 2021, which indicates a higher buyer demand or competition.
A three-bedroom house is the most popular with buyers as it takes the shortest time to sell on the market (median of 16 days), followed by a four-bedroom (median of 19 days) and a five-bedroom house (median of 20 days).
In contrast, for 2021, a four-bedroom house takes the shortest time on the market (median of 20 days), followed by a three-bedroom house (median of 21 days) and a five-bedroom house (median of 24 days).
Median sold prices.
The median price for all houses was $1,800,000 (37% increase from the October 2020 median price of $1,310,000 and 8.4% increase from last month).
The median for a three-bedroom house was $1,550,000 (higher than last month median of $1,400,000 and 2021 median of $1,230,000).
The median for a four-bedroom house was $1,734,500 (higher than last month median of $1,660,500 and 2021 median of $1,540,250).
The median for a five-bedroom house sold was $1,937,500 (lower than last month median of $1,945,000 and higher than the 2021 median of $1,880,000).
The Highest Sold Prices.
The highest price sold in October 2021 for Kellyville was $2,518,000.
The highest price sold for a three-bedroom house was $1,611,600.
The highest price sold for a four-bedroom house was $2,200,000.
The highest price sold for a five-bedroom house was $2,518,000.
âžž Related: Kellyville suburb profile & real estate market.
Conclusion.
In summary, the Kellyville property market in October 2021, aided by the ease of Covid-19 lockdown, continues strong. The property market showed high median prices, short time on the market, and high auction clearance rate, all realised despite the slight increase of property supply available on the market. Based on time on the market, a three-bedroom house take the quickest to sell, followed by a four-bedroom house and a five-bedroom house. October median selling price was higher than September median price indicating the upward trend of the selling 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 free property appraisal for Kellyville. You can also read the answers to the most asked question by house sellers about selling a house in Kellyville.
Irving Gunawan | Ray White Kellyville
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