This property market update will provide insight into the local house market in Quakers Hill NSW 2763 for October 2021 during the easing of the Covid-19 lockdown.
➞ Related: Quakers Hill September 2021 housing market.
The number of houses sold (indication for the supply).
In October 2021, there were 15 houses sold in Quakers Hill. This number is less than the average number of houses sold in October within the past three years, where 28 homes sold. For comparison, in September 2021, 21 houses were sold in Quakers Hill, indicating a supply trend is decreasing.
Ten of the properties sold were 4-bedroom houses (66.67%), four were 3-bedroom houses (26.67%) and one was at least 5-bedroom houses (house with a granny flat) (6.66%).
Property selling methods: auction vs private treaty.
Four houses were sold through auction (26.67%), while the other eleven were sold through private treaty / by negotiation (73.33%). Quakers Hill auction clearance rate for October was 100%.
For comparison, in 2021: 89.90% of properties were sold by private treaty, and 10.10% were by auction. The Quakers Hill auction clearance rate for 2021 is 71.15%.
➞ Related: Choosing auction vs private treaty.
Average days on the market (indication for the demand)
In October 2021, the average days on the market for all properties were 18 days, two days quicker to sell than the average in 2021, which indicates a higher buyer demand or competition.
A four-bedroom house is the most popular with buyers as it takes the shortest time to sell on the market with 17 days, followed by a three-bedroom (average of 22days) and a five-bedroom house (average of 30 days).
This trend is consistent with all the houses sold in 2021 where a four-bedroom home takes the shortest time on the market (average of 18 days), followed by a three-bedroom house (average of 21 days) and a five-bedroom house (average of 24 days).
Median sold prices.
The median price for all houses was $1,210,000 (50.78% increase from the October 2020 median price of $802,450 and 16.34% increase compared to last month).
There was only one three-bedroom house sold for $967,500 (higher than last month median price of $920,000 and the 2021 median of $845,000).
The median for a four-bedroom house was $1,255,000 (higher than last month median of $1,128,500 and the 2021 median of $1,042,000).
The only five-bedroom house was sold for $1,080,000 (lower than last month median of $1,377,000 and the 2021 median of $1,172,500).
The Highest Sold Prices.
The highest price sold in October 2021 for Quakers Hill was $1,425,000.
A three-bedroom house was sold for $1,157,000.
The highest price sold for a four-bedroom house was $1,425,000.
The only five-bedroom house was sold for $1,080,000.
In summary, the Quakers Hill property market in October 2021 continues strong, aided by the ease of Covid-19 lockdown, low property supply and high demand. The property market showed high median prices, short time on the market and high auction clearance rate. Based on time on the market, a four-bedroom house take the quickest to sell, followed by a three-bedroom house and a five-bedroom house. October median selling price was higher than September median price (except for the only five-bedroom house sold in the month), indicating the selling price's upward trend.
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 Quakers Hill. You can also read the answers to the most asked question by house sellers about selling a house in Quakers Hill.
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