This property market update will provide insight into the local house market in North Kellyville NSW 2155 for September 2021.
The number of houses sold (indication for the supply).
In North Kellyville this September, 23 houses have been sold. This number is more than the September monthly average within the past three years, where 19 homes sold which indicates a higher house supply.
Twelve of the properties sold were 4-bedroom houses (52%), ten were at least 5-bedroom (43%) and one 3-bedroom house (5%).
Property selling methods: auction vs private treaty.
Eight houses were sold through auction (35%), while the other houses were sold by negotiation / private treaty (65%). One property was passed in out of nine scheduled auctions, which give the auction clearance rate for North Kellyville in September is 88.8%, which is a high indication of a strong market.
For comparison, in 2021: 64% of properties were sold by private treaty, and 36% at auction. The auction clearance rate for North Kellyville in 2021 is 77.5%.
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 28 days, four 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 (10 days), followed by a four-bedroom (average of 36 days) and a five-bedroom house (39 days).
This data is consistent with 2021 so far, where a three-bedroom house takes the shortest time on the market (average of 15 days), followed by a four-bedroom (average of 40 days) and a five-bedroom house (42 days).
Median sold prices.
The median price for all houses was $1,554,000 (45% increase from September 2020 median price of $1,070,000 and 16% increase from this year median of $1,340,000).
The highest price for a house was $2,330,000 (The highest this year is $3,200,000).
There was only one three-bedroom house sold for $1,500,000 (30% higher than 2021 median so far, $1,152,000).
The median for a four-bedroom house was $1,425,000 (8% higher than 2021 median so far, $1,322,500).
The median for a five-bedroom house was $1,751,000 (6% higher than 2021 median so far, $1,648,000).
Conclusion.
In summary, the property market in North 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 North Kellyville house value assessment.
Irving Gunawan | RayWhite Kellyville
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