TAMAN JERNIH

Area Intelligence

2024

Median Price

RM 285,000

PSF: RM 348

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Residential PSF Trends

Median Price

RM 285,000

PSF: RM 348

TAMAN JERNIH in Seberang Perai Tengah, Penang recorded 10 subsale transactions in 2024, with a median price of RM 285K and a median price per square foot (PSF) of RM 348.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 285K, with most transactions falling within a stable range of RM 547K to RM 302K, and a typical market range of RM 547K to RM 413K.

Most transactions involved cluster house, with moderate diversity in property types available.

For price per square foot, the median is RM 348, with most transactions between RM 338 and RM 358. The usual range is RM 306.35 to RM 389.35, showing that most units are priced quite close to each other. With an IQR of RM 83.00 and MAD of RM 10, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN JERNIH, Seberang Perai Tengah, Penang

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