New data show South Australia’s statewide and metropolitan median home values have dropped slightly in the past quarter, suggesting that those looking to enter the market may relax conditions.
Median home values in South Australia fell by 0.65 per cent or $5,000 in the past quarter, while median metropolitan median in Adelaide fell by $3,000 or 0.35 per cent, according to the latest total valuator count in the first quarter of the year.
Still, SA’s statewide home value rose 12.83% from this time last year to $765,000, while Adelaide’s median metropolitan figure rose 11.45% to $847,000.
Both added $87,000.
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While 5750 sales for the quarter rose in the same quarter in the previous year, the 6605 decline recorded in the three months ended January.
Andrea, CEO of the South Australian Real Estate Research Institute, said SA’s market performance was strong.
“While sales are still increasing compared to the same quarter last year, consumers are still wary of the economic landscape moving forward,” Ms. Heidenin said.
Reisa CEO Andrea. supply
“Reisa is pleased that the median price indicates the strength and resilience of the South Australian property market, but has always been noted that supply, inflation, high interest rates weaken state land taxes and national and international economic uncertainty are weakening the number of homes sold and purchased.”
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In suburban areas in 2025 and 2024, sales were 10 times, and experts believe 10 sales were enough to calculate statistically reliable averages – the most affordable option is Elizabeth Downs with a median of $575,000.
“The reduction in sales shows that the economic environment is continuing to reduce the desire of the first home buyer to enter the real estate market,” Ms. Heidenin said.
“The ongoing lack of housing supply has also contributed to this situation, as news is good for current homeowners but bad for those who want to enter the market.”
Many SA suburbs have home value. Image: Provided by coal mine
According to the report, median unit value has also risen by 2.25% or $13,500 in the past quarter, and in the past 12 months, the median was 16.61%, or $87,400, to the median of $613,500.
City units and apartments, while last year’s period of up 0.05%, down 10.63% from the past quarter, now has a median value of $460,250, down from $515,000 in the previous quarter.
The suburbs have recorded at least 10 sales this year in the past 12 months, while Bridgewater’s median has seen its biggest increase, with a median increase of 34.69%, or $255,000 to $990,000.
This is 19 sales in the last quarter, 10 in the same quarter in 2023.
Harris real estate sales broker Tamara Gertig, who has sold 44 properties on Bridgewater in the past 12 months, said Bridgewater is really good on the map now.
Tamara Gertig of Harris Real Estate. Image: Harris Real Estate.
“It’s been a poor brother of Aldgate and Stirling for a while, but what buyers realize is that you can get more value there,” Ms Gertig said.
“I feel like a lot of older homeowners are happening that have now moved out of large homes from here and going to lifestyle villages, which are unlocking many large family homes that need renovation, but it’s an opportunity for young couples to make their mark and become their home for the next 50 years.”
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Gerri Saunders, 52, a nurse consultant and competency manager, is currently selling her 20 Oak Ave, Bridgewater home through Ms. Gertig and said she was not surprised to hear the values of picturesque and private suburbs.
Gerri Saunders and children Ruby and Beau are at their Bridgewater home on the market. Image: Mark Brake
“Honestly, I love its peace – I’ve been working at Ed for 17 years, it’s a rat race, so the highlight of my day is the House of Peace.”
“I think it’s still a bit undervalued because it’s still only 20 to 25 minutes from the city.
“I can’t think of a better place to live and raise children.”
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For regional buyers, homes in Port Augusta have seen the biggest growth rate in the past three months – $52,500, or 20.19% to $312,500 in the quarter, while homes in Berri have seen the biggest rise in the past 12 months. The value here rose by $104,375 or 36.69% to $388,875.