Adelaide housing market update [video] | April 2025

Key takeaways

Adelaide home values rose 0.8% in March 2025, second-highest among capital cities

Property prices grew 25.6% over two years, adding $169k to median dwelling value

Listings are 28% below the 5-year average, keeping supply tight and prices up

Adelaide’s housing market continues its impressive growth streak, recording substantial value increases and remaining one of Australia's standout property markets, according to CoreLogic’s latest April 2025 update.

Adelaide home values have shown strong and consistent gains:

• March 2025: +0.8% increase, the second-highest gain among capital cities.
• Total growth over 24 months: 25.6%, adding approximately $169,000 to median dwelling values.

Adelaide housing market trends

Stronger growth is notable in the more affordable segments of the Adelaide property market:

Source: CoreLogic

This demonstrates a clear trend toward stronger growth in lower-priced properties, driven by affordability and demand dynamics.

Housing supply remains tight, underpinning continued price growth:

Source: CoreLogic

Note: The low availability of properties continues to drive demand, contributing significantly to price increases.

Adelaide’s rental property market mirrors national trends with growth moderating. Despite the slowdown, rental demand remains strong in Adelaide due to constrained housing availability.

Adelaide house prices - the longer-term data

Adelaide’s property market outlook remains positive yet moderate, with several factors influencing future growth:

• Continued gradual reductions in interest rates.
• Persistent undersupply and ongoing constraints in new housing construction.
• Stabilizing yet strong market sentiment underpinned by steady labour market conditions.

While Adelaide is likely to experience further value growth, rapid price escalation is improbable given affordability barriers and moderated population growth.

Note: Adelaide remains a resilient and appealing market, particularly attractive for buyers seeking affordability and steady growth potential.

You may also want to read: National Housing Market Update

About Tim Lawless Tim heads up the Core Logic RP Data research and analytics team, analysing real estate markets, demographics and economic trends across Australia. Visit www.corelogic.com.au