Jalan Utama in Timur Laut, Penang recorded 2 Bungalow properties subsale transactions between 2021 and 2026, with a median price of RM3.80 million and a median price per square foot (PSF) of RM596.

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 RM3.80 million, with most transactions falling within a stable range of RM2.30 million to RM5.30 million, and a typical market range of RM2.86 million to RM4.74 million.

Within the Bungalow category, detached dominated the market, though some variety exists in the market.

For price per square foot, the median is RM596, with most transactions between RM563 and RM628. The usual range is RM578.97 to RM612.47, showing that most units are priced quite close to each other. A typical spread (IQR) of RM33.50 and an average deviation (MAD) of RM33 indicate a highly stable PSF trend across properties.

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.