Essa Real Estate Statistics
Essa Real Estate Price Trend
Essa real estate average sold price in the last 30 days (February 18 - March 18) was $786,705, which is $2,705 (0.3%) higher than the average price of $784,000 in the previous 30 day period (January 19 - February 17), and $8,433 (1.1%) down from the same period 1 year ago ($795,138). Essa real estate prices over the last 30 days are also $38,434 (4.9%) higher than the average selling price of $748,271 over the past year.
Essa average sold price for homes was $826,714 in the last 30 days (February 18 - March 18), which is $2,631 (0.3%) up from the average home price of $824,083 in the previous 30 day period (January 19 - February 17), and $15,137 (1.8%) lower than the same period 1 year ago ($841,851). In the last 30 days Essa the average home price was $56,267 (6.8%) higher than the average selling price of $770,447 over the last 12 months.
Average sold price of Essa townhouse was $646,675 in the last 30 days (February 18 - March 18), down $17,075 (2.6%) from the average townhome price of $663,750 over the previous 30 days (January 19 - February 17), and $8,325 (1.3%) lower than during to the same period 1 year ago ($655,000). Over the last 30 days the average townhouse price in Essa was $62,608 (9.7%) higher compared to the average selling price of $584,067 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Essa real estate was $786,705 in the last 30 days (February 18 - March 18), which is collectively $16,838 (1.9%) lower than the average asking price of $894,808. This represents a decline of $3,392 (25.2%) compared to $13,446 (1.2%) Sold-Under-Asking price from the previous 30 day period (January 19 - February 17).
The maximum Sold Over/Under Asking ratio in Essa during the last 12 months was recorded in August, 2023 with an average of $4,475 under the asking price, while the minimum occurring in November, 2023 with $38,786 below the asking price.
Sales to New Listings Ratio
Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Essa was 32.1% with 18 properties sold and 48 new properties listed in the past 30 days (February 18 - March 18). This represents a decrease from 66.7% recorded during the previous 30 day period (January 19 - February 17), and a decrease from 65.1% compared to the same period one year ago.
Over the the last year the highest SNLR in Essa was 15,126.3% recorded in July and the lowest was in October at 32.0%. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 18 properties that were successfully sold in Essa in the last 30 days (February 18 - March 18) was 31 days, which is 3 days more than 28 days average in the previous 30 day period (January 19 - February 17) and 2 days longer than during the same period a year ago (29 days).
There were 17 delisted properties in Essa, those that got either Expired, Suspended or Terminated over the last 30 days (February 18 - March 18) with an average of 53 days on the market. This is 29 days shorter than the average of 82 days during the previous 30 day period (January 19 - February 17) and 3 days more compared to the same period last year average of 50 days on the market.
17 Essa properties that didn't sell stayed on the market 71.0% longer than 18 that sucessfully sold over the last 30 days - 31 days when sold vs 53 days when delisted respectively.
Average Days on the Market in Essa over the past 12 months for properties that have sold was 26.6 days, with 48.8 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
56 new properties were listed on the market in Essa in the last 30 days (February 18 - March 18). During the same time 18 properties were sold and 17 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 21 properties (or 37.5%).
During the previous 30 day period (January 19 - February 17) there were 48 new properties listed, 32 sold and 26 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was March with 57 new properties listed, the slowest - December with 12 new listings and a yearly average of 43 new listings per month.
New Real Estate Listings by Property Type
There were a total of 49 homes listed during the last 30 days (February 18 - March 18), which is 87.5% of all properties listed in Essa. This is a 11.4% increase compared with a previous 30 day period (January 19 - February 17) and 28.9% up from the same period a year ago. Over the past year an average of 37 homes are were listed per month.
7 townhomes were listed over the last 30 days (February 18 - March 18) in Essa, which is 12.5% of all new real estate inventory. This is a 75.0% more than during the previous 30 day period (January 19 - February 17) and 40.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 6 a month.
Real Estate Sales by Property Type
There were a total of 14 homes sold during the last 30 days (February 18 - March 18), which is 77.8% of all properties sold in Essa. This is a 41.7% decline compared with a previous 30 day period (January 19 - February 17) and 33.3% down from the same period a year ago. Over the past year an average of 474 homes are were sold per month.
4 townhomes were sold over the last 30 days (February 18 - March 18) in Essa, which is 22.2% of all sold real estate. This is a 50.0% less than during the previous 30 day period (January 19 - February 17) and 42.9% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 66 a month.