Jalan Air Itam in Timur Laut, Penang recorded 4 subsale transactions in 2023, with a median price of RM975K and a median price per square foot (PSF) of RM670.

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 RM975K, with most transactions falling within a stable range of RM830K to RM1.25 million, and a typical market range of RM890K to RM1.06 million.

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

The median PSF stands at RM670, with core pricing between RM549 and RM791. Market pricing typically extends from RM586.87 to RM753.37, reflecting moderate variation in unit pricing. The spread of RM166.50 (IQR) and deviation of RM121 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.