JALAN AIR ITAM

JALAN AIR ITAM in Timur Laut, Penang recorded 6 Bungalow properties subsale transactions between 2021 and 2025 for bungalow properties, with a median price of RM 2.55 million and a median price per square foot (PSF) of RM 283.

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 2.55 million, with most transactions falling within a stable range of RM 1.13 million to RM 3.97 million, and a typical market range of RM 2.25 million to RM 2.85 million.

Within the Bungalow category, 1 - 1 1/2 storey semi-detached dominated the market, with high diversity across multiple property types.

Price per square foot shows a median of RM 283, though individual units vary from RM 214 to RM 352 in the core range. The broader market spans RM 194.25 to RM 371.75, indicating diverse property characteristics. The spread of RM 177.50 (IQR) and deviation of RM 69 (MAD) suggest moderate price variations reflecting different property features.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.