The median house price in Inner West Sydney is $2,000,000.
Understanding Median Prices in Inner West Sydney
The median price represents the middle value of all properties sold in a given area, providing a clear indication of market trends by mitigating the impact of extremely high or low sale prices. It's a key metric for understanding the general affordability and value of homes in a particular region.
Inner West Sydney is a highly sought-after area, and its property market reflects this demand. Below is a detailed breakdown of key property statistics for houses and units in the region, including the median listing price and recent price changes.
Key Property Market Statistics for Inner West Sydney
| Category | House | Units |
|---|---|---|
| Median Listing Price | $2,000,000 | $770,000 |
| Median Price Change - Last Quarter | 5.26% | 0.00% |
| Median Price Change - 1 Year | 5.26% | 6.20% |
| Median Price Change - 2 Years | 11.11% | 3.35% |
As of recent data, houses in Inner West Sydney have experienced significant growth, with the median price increasing by 5.26% over the last quarter and year. Over a two-year period, house prices have seen an even more substantial rise of 11.11%. While the median house price is a substantial figure, it reflects the area's desirability, amenities, and proximity to the Sydney CBD.
