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Stanhope Gardens Property Market Report for 2023 (1 Jan 23 - 31 Dec 23)

Updated: Jan 17

In the dynamic landscape of Stanhope Gardens, 2023 witnessed a vibrant real estate market characterized by notable trends and compelling statistics. A total of 97 houses changed hands, revealing a balanced distribution of sales methods between private treaty and auction. A significant 46% of houses were sold through private treaty, offering a traditional and more conventional negotiation avenue. Conversely, 54% of properties found new owners through the auction process, underlining the community's engagement with this dynamic and competitive sales method. The median sold price of $1,473,000 (up 8.27% from 2022) and the highest sold price of $2,222,000 highlights the housing market's robust nature, reflecting buyer confidence and the area's desirability.


Key indicators further illuminate the market dynamics: houses spent an average of 32 days on the market, showcasing a swift and responsive environment. The median land size of 451 sqm contributes to the diversity of available properties, offering a range of options for prospective homeowners and investors alike.


Auction activities were a focal point, with an impressive 73.24% clearance rate. Out of the 71 auctions scheduled, 52 properties were successfully sold at auction, while 5 found buyers prior to the scheduled event. This positive outcome suggests a community actively participating in the auction process, indicative of a strong demand for properties within Stanhope Gardens.


Despite the robust market, the data also highlights a nuanced landscape, with 11 properties passing in and 3 being withdrawn from the market. These elements add depth to the analysis, providing insights into the factors influencing property transactions.


In summary, the Stanhope Gardens Property Market Report for 2023 paints a picture of a resilient and dynamic real estate environment. As we delve into the specifics of the data, a story of growth, demand, and engagement emerges, offering valuable insights for homeowners, investors, and industry observers alike.


2023 Market Summary for All Houses:

The number of houses sold: 97

Percentage sold through private treaty: 46%

Percentage sold through auction: 54%

The median sold price: $1,473,000

The highest sold price: $2,222,000

Average days on the market: 32 days

Median land size: 451 sqm Auction clearance rate: 73.24%

Auction Scheduled: 71

Sold prior auction: 5, Sold at auction: 52, Passed in: 11, Withdrawn: 3

Map of sold houses in Stanhope Gardens for 2023
Map of sold houses in Stanhope Gardens for 2023

2023 Market Summary for 3-Bedroom Houses:

The number of houses sold: 23

The median sold price: $1,250,000

The highest sold price: $1,620,000

Average days on the market: 23 days

Median land size: 380 sqm


2023 Market Summary for 4-Bedroom Houses:

The number of houses sold: 49

The median sold price: $1,500,000

The highest sold price: $1,865,000

Average days on the market: 38 days

Median land size: 485 sqm


2023 Market Summary for 5 or More-Bedroom Houses:

The number of houses sold: 25

The median sold price: $1,700,000

The highest sold price: $2,222,000

Average days on the market: 28 days

Median land size: 466 sqm

18 Kentwell Cres, Stanhope Gardens sold for $2,222,000 - an all-time suburb record and the highest price sold in 2023 - Irving Gunawan
18 Kentwell Cres, Stanhope Gardens sold for $2,222,000 - an all-time suburb record and the highest price sold in 2023

Know your property market in Stanhope Gardens

Staying well-informed about the Stanhope Gardens property market is crucial for making sound real estate decisions. For the most up-to-date insights and personalised guidance, consider contacting Irving Gunawan, your best real estate agent for Stanhope Gardens. Connect with him directly at 0468 956 677 to discuss your specific real estate needs.


Knowing your Stanhope Gardens property's current market value is essential. Begin by obtaining a free market appraisal for Stanhope Gardens, allowing you to gauge the prevailing market conditions. For additional resources, explore answers to frequently asked questions by home sellers about the process of selling property in Stanhope Gardens.

Irving Gunawan - licensed real estate agent

Your Stanhope Gardens Expert:

Irving Gunawan

Principal / Licensed Real Estate Agent

Irving G Property

📞 0468 956 677 🔗 Send a Message

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