Price drops in Somerton Park
Listings for sale in Somerton Park, SA 5044 whose current asking price is a cut from an earlier one, and by how much. Updated daily.
Most recent cut recorded:
Listings reduced
11
38% of 29 live listings
Median cut
4.8%
$105K off the asking price
Days listed before cut
75
median, first listed to latest cut
Cuts, last 30 / 90 days
9 / 9
2 listings have raised instead
Somerton Park price-drop summary
11 listings in Somerton Park (38% of the 29 on the market) are advertised below an earlier asking price. The typical reduction is 4.8%, about $105K. House listings account for 10 of them, with a median cut of 5.2%. Going the other way, 2 listings have raised the asking price.
Cuts by property type
| Type | Listings reduced | Median cut |
|---|---|---|
| House | 10 | 5.2% |
| Apartment | 1 | 3.6% |
Largest current cuts in Somerton Park
By percentage, biggest first. Previous asking is the price immediately before the latest cut.
| Address | Previous asking | Now asking | Cut | Cut on | Property |
|---|---|---|---|---|---|
| 2B Eton Road | $1,795,000 | $1,595,000 | -11.1% | 4 bed House | |
| 72 Rossall Road | $5,200,000 | $4,800,000 | -7.7% | 4 bed House | |
| 62A Harrow Road | $2,950,000 | $2,750,000 | -6.8% | 4 bed House | |
| 1 North Close | $1,925,000 | $1,799,000 | -6.5% | 3 bed House | |
| 21 College Road | $2,545,000 | $2,400,000 | -5.7% | 4 bed House | |
| 11 Muriel Avenue | $1,250,000 | $1,190,000 | -4.8% | 3 bed House | |
| 7 Tarlton Street | $2,300,000 | $2,195,000 | -4.6% | 5 bed House | |
| 17 Salisbury Street | $2,375,000 | $2,275,000 | -4.2% | 4 bed House | |
| 35 Tarlton Street | $2,400,000 | $2,300,000 | -4.2% | 4 bed House | |
| 16/30 Oaklands Road | $550,000 | $530,000 | -3.6% | 2 bed Apartment | |
| 50C Oaklands Road | $1,290,000 | $1,250,000 | -3.1% | 4 bed House |
Suburb profile
Somerton Park market data
Median prices, rents, growth and vacancy for Somerton Park.
Sold prices
Recent sales in Somerton Park
What buyers actually paid, and how it compared with the asking price.
Australia-wide
All price rises and cuts
The national feed of asking-price changes, filterable by state, type and size of change.
Price drops in Somerton Park: common questions
How many properties in Somerton Park have had a price drop?
11 listings for sale in Somerton Park SA 5044 are currently advertised below an earlier asking price, 38% of the 29 listings on the market. 9 of those cuts were recorded in the last 30 days and 9 in the last 90.
How much are Somerton Park sellers cutting their prices by?
The median cut is 4.8%, or $105K, measured from the previous advertised asking price to the current one on each listing.
How long are Somerton Park listings on the market before the price drops?
A median of 75 days from when the listing first appeared to its latest price cut, across 11 listings.
What counts as a price drop here?
A listing that is still for sale and whose current advertised asking price was set by a reduction from its previous asking price. Changes that cannot be confirmed as one advertisement repricing, such as several ads sharing one address, are left out.
Showing at most 30 listings. Asking prices are as advertised; a cut is not a sale price.