THE suburb of Merriwa in the City of Wanneroo made the Top 10 for fastest selling houses in the last financial year, according to Real Estate Institute of Western Australia (REIWA) data.
Merriwa was the third fastest selling suburb for houses, with properties selling in a median of seven days.
The median sale price for houses in Merriwa was $692,000 after the annual change in house price increased by 24.7 per cent.
REIWA president Suzanne Brown said while the median time on market slowed from 2023-24, properties continued to sell very quickly during 2024-25.
“Houses sold in a median of nine days for most of 2023-24. This increased towards the end of 2024 as more new listings came to market in October and November,” she said.
“Historically, the median time on market for units has been greater than for houses, but the growing demand for units has seen the median time to sell a unit match the median time to sell a house.
“Both are now selling in around two weeks.
“This is still very fast.
“During the downturn, the median time on market was around 50 days for houses and over 60 days for units.”
Gwelup was the fastest selling suburb for houses, with properties selling in a median of seven days.
