Updated: Oct 7, 2021
This property market update will provide insight into the local house market in Quakers Hill NSW 2763 for September 2021.
The number of houses sold (indication for the supply).
In Quakers Hill this September, 21 houses have been sold. This number is less than the September monthly average within the past three years, where 24.5 homes sold which indicates a lower house supply.
Ten of the properties sold were 4-bedroom houses (48%), nine 3-bedroom house (43%) and two were at least 5-bedroom (9%).
Compared with 2021, 117 were 3-bedroom houses (44%), 99 houses sold were 4-bedroom houses (37%) and 50 were 5 -bedroom houses (19%).
Property selling methods: auction vs private treaty.
Three of the houses were sold through auction (14%), while the rest sold through private treaty / by negotiation (86%). Quakers Hill auction clearance rate for September was 100%.
For comparison, in 2021: 88% of properties were sold by private treaty, and 12% at auction. The auction clearance rate for Quakers Hill in 2021 is 71.11%.
➞ 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 23 days, two days longer to sell than the average days within 12 months, which indicates a lower buyer demand or competition.
A five-bedroom house takes the shortest time to on the market (18 days), followed by a three-bedroom (average of 21 days) and a four-bedroom house (27days).
By comparison for 2021, a four-bedroom house takes the shortest time on the market (average of 19 days), followed by a five-bedroom house (25 days) and a three-bedroom house (average 39 days). Only a four-bedroom house takes longer to sell in September, whereas a three-bedroom and a five-bedroom house sold quicker in September compared with average 2021.
Median sold prices.
The median price for all houses was $1,040,000 (30% increase from September 2020 median price of $800,000 and 11% increase from this year median of $940,000).
The highest price for a house was $1,420,000 (The highest this year is $2,200,000 for a house in 2,200sqm).
The median for a three-bedroom house sold for $920,000 (9.5% higher than 2021 median so far, $840,000) and the highest price was $1,040,000.
The median for a four-bedroom house was $1,128,500 (10.6% higher than 2021 median so far, $1,020,000) and the highest price was $1,320,000.
The median for a five-bedroom house was $1,377,000 (17.2% higher than 2021 median so far, $1,175,000) and the highest price was $1,420,000.
In summary, the property market in Quakers Hill remains strong, supported by low supply of houses. Based on days on the market, the demand for a five-bedroom house was the strongest, followed by a three-bedroom house and a four-bedroom house. This year September median selling price was higher than last year September price and this year median price. The median selling price across three to five-bedroom houses in the suburb also outperforming their counterpart median price in 2021.
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 Quakers Hill house value assessment. You can also read the answers to the most asked question by home sellers about selling property in Quakers Hill.
Irving Gunawan | RayWhite Kellyville
📞 0468 956 677