Millchester Property Sales Overview
The median property value in Millchester for December is $263,645.
Houses have increased by 0.49% for the month and decreased 0% for the year.
Rental demand is up with yields the same in February to 6.76%, from 6.76% in January.
The number of properties sold this quarter is down on last quarter from 5 to 2. This is down on the 5 year quarterly average of 13 indicating weaker demand.
What's the median House price in Millchester in December 2021?
The median property value for houses in Millchester is $263,645.
This is an increase of 0.49% ($262,366) from last month.
How much does it cost to rent a House in Millchester?
Rent prices in Millchester are the highest they've been in 12 months at $354.
This is up 12.03% from a 12 month low of $316 in February 2021 and a 1.72% up from last month.
What's the current rental yield in Millchester?
Rental yields for houses in Millchester is 6.76%.
This is up from a 12 month low of 6.37% in January 2021 and the same from a 12 month high of 6.76% in December 2021.
How many properties sold in Millchester in February?
Total sales volume in Millchester is 2, which is down from 5 in the previous quarter.
This is 0% stronger than the weakest quarter in the last 5 years which was Q2 2018 with 0 sales and -60.00% weaker than the strongest quarter in the past 5 years which saw 5 sales in Q2 2021.
How long did it take to sell a property in Millchester in February?
47 days is the average time on market in Millchester in December, which is down from 49 in November and has been trending down since December 2020.
This can indicate a buyers market where sellers are finding it harder to make a sale.
Are properties selling below or above the listing price in Millchester?
December sees the vendor expectation error for Millchester at -0.7% which means, on average, places sold for -0.7% less than the listing price.
This is a great sign for buyers looking to negotiate.
It’s worth noting that in a hot market you might want to set your price expectations even higher than the -0.7% as things can move pretty quickly.