Mount Marrow Property Sales Overview
The median property value in Mount Marrow for December is $547,167.
Houses have increased by 1.54% for the month and decreased 0% for the year.
Rental demand is up with yields increasing in February to 4.45%, from 4.43% in January.
The number of properties sold this quarter is the same on last quarter from 0 to 0. This is down on the 5 year quarterly average of 2 indicating weaker demand.
What's the median House price in Mount Marrow in December 2021?
The median property value for houses in Mount Marrow is $547,167.
This is an increase of 1.54% ($538,870) from last month.
How much does it cost to rent a House in Mount Marrow?
Rent prices in Mount Marrow are the highest they've been in 12 months at $412.
This is up 11.65% from a 12 month low of $369 in January 2021 and a 2.49% up from last month.
What's the current rental yield in Mount Marrow?
Rental yields for houses in Mount Marrow have increased in December for the 2nd consecutive month.
This is up from a 12 month low of 4.38% in October 2021 and down from a 12 month high of 4.7% in February 2021.
How many properties sold in Mount Marrow in February?
Total sales volume in Mount Marrow is 0, which is the same from 0 in the previous quarter.
This is the same as the weakest quarter in the last 5 years which was Q3 2021 with 0 sales and -100.00% weaker than the strongest quarter in the past 5 years which saw 2 sales in Q1 2017.
How long did it take to sell a property in Mount Marrow in February?
11 days is the average time on market in Mount Marrow in December, which is down from 12 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 Mount Marrow?
December sees the vendor expectation error for Mount Marrow at 3.2% which means, on average, places sold for 3.2% more than the listing price.
This is handy to know as a buyer to set your expectation and to give you a more realistic view of what you might expect properties to sell for on auction day.
It’s worth noting that in a hot market you might want to set your price expectations even higher than the 3.2% as things can move pretty quickly.