Jalan Air Itam in Timur Laut, Penang recorded 2 subsale transactions in 2022, with a median price of RM990K and a median price per square foot (PSF) of RM729.

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 RM990K, with most transactions falling within a stable range of RM880K to RM1.10 million, and a typical market range of RM905K to RM1.08 million.

Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.

The median PSF stands at RM729, with core pricing between RM634 and RM824. Market pricing typically extends from RM645.70 to RM812.20, reflecting moderate variation in unit pricing. With an IQR of RM166.50 and MAD of RM95, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.