Located 12 kilometres west of Melbourne CBD, Sunshine is a popular suburb that attracts residential buyers and investors alike.
Over the past 12 months, there have been 210 properties sold in Sunshine with a median property price of $879,226 at an average time of 46.13 days on the market. Houses are the most commonly sold property with 119 sales at 890k, followed by townhouses with 51 sales at 670k, units with 34 sales at 555k, and land with 6 sales at 4.2M. Though houses have the highest sales volume, units sell faster than houses, probably due to a lower median property price.
The median house property price in Sunshine is determined by several factors, including the number of homes sold during the previous year and their selling price. When selling real estate in Sunshine, it's essential to think about these variables to ensure your property stands out in a competitive market.
With LocalAgentFinder's real estate comparison tool, stay up-to-date with current market trends in Sunshine so you can set yourself up for a successful sale.
Plus: Looking for a more comprehensive understanding of your property's value? LocalAgentFinder's Property Valuation Tool gives you a quick and easy way to gain insights on your property'sies value based on your property and suburb sales statistics.