March 2025 South Australian Property Market Update

As we step into March 2025, South Australia’s property market continues to demonstrate remarkable resilience and growth. Recent data from the Real Estate Institute of South Australia (REISA) reveals that the December 2024 quarter achieved record median prices, with South Australia reaching $768,000 and Metropolitan Adelaide at $850,000. 

This upward trajectory is further supported by insights from TOOP+TOOP’s 2024 Property Market Report, which noted a 13.24% increase in house prices, bringing the median to $865,563, and a 15.12% rise in unit prices. Properties spent an average of 23 days on the market, highlighting strong buyer demand. 

The sustained growth can be attributed to several factors:​

• Low Supply Levels: Listings remain 4.3% lower than a year ago and 41% below the five-year average, intensifying competition among buyers. ​
• Desirable Lifestyle: Adelaide’s blend of affordability and quality of life continues to attract both local and international interest.

Looking ahead, industry forecasts remain optimistic. ANZ anticipates capital city housing prices to grow by 2.7% in 2025 and 4.1% in 2026. This positive outlook is bolstered by South Australia’s top ranking in the Housing Industry Association’s Housing Policy Scorecard, reflecting effective measures to address housing supply challenges. 

In summary, South Australia’s property market stands strong, offering promising opportunities for buyers and investors alike.

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For professional conveyancing services and property market insights, Eastern Conveyancing is here to help you navigate Adelaide’s dynamic market with ease. Reach out to our team for expert advice tailored to your specific needs.