Essa Real Estate Statistics

Essa real estate average sold price in the last 30 days (March 10 - April 8) was $885,941, which is $123,520 (13.9%) higher than the average price of $762,421 in the previous 30 day period (February 9 - March 9), and $91,059 (10.3%) up from the same period 1 year ago ($794,882). Essa real estate prices over the last 30 days are also $130,519 (14.7%) higher than the average selling price of $755,422 over the past year.

Essa average sold price for homes was $902,506 in the last 30 days (March 10 - April 8), which is $95,456 (10.6%) up from the average home price of $807,050 in the previous 30 day period (February 9 - March 9), and $74,435 (8.2%) higher than the same period 1 year ago ($828,071). In the last 30 days Essa the average home price was $126,480 (14.0%) higher than the average selling price of $776,026 over the last 12 months.

Average sold price of Essa townhouse was $670,600 in the last 30 days (March 10 - April 8), up $19,750 (2.9%) from the average townhome price of $650,850 over the previous 30 days (February 9 - March 9), and $30,600 (4.6%) higher than during to the same period 1 year ago ($640,000). Over the last 30 days the average townhouse price in Essa was $83,928 (12.5%) higher compared to the average selling price of $586,672 over the last 12 months.

Average selling price for Essa real estate was $885,941 in the last 30 days (March 10 - April 8), which is collectively $21,577 (2.4%) lower than the average asking price of $905,296. This represents a decline of $5,013 (30.3%) compared to $16,564 (1.9%) Sold-Under-Asking price from the previous 30 day period (February 9 - March 9).

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 (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 77.8% with 42 properties sold and 61 new properties listed in the past 30 days (March 10 - April 8). This represents an increase from 45.9% recorded during the previous 30 day period (February 9 - March 9), and an increase from 30.9% 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.

The Average Days on the Market (DOM) for 42 properties that were successfully sold in Essa in the last 30 days (March 10 - April 8) was 28 days, which is 2 days more than 26 days average in the previous 30 day period (February 9 - March 9) and 5 days longer than during the same period a year ago (23 days).

There were 37 delisted properties in Essa, those that got either Expired, Suspended or Terminated over the last 30 days (March 10 - April 8) with an average of 62 days on the market. This is 7 days longer than the average of 55 days during the previous 30 day period (February 9 - March 9) and 29 days more compared to the same period last year average of 33 days on the market.

37 Essa properties that didn't sell stayed on the market 121.4% longer than 42 that sucessfully sold over the last 30 days - 28 days when sold vs 62 days when delisted respectively.

Average Days on the Market in Essa over the past 12 months for properties that have sold was 27.3 days, with 49.6 days for those properties that did not sell.

54 new properties were listed on the market in Essa in the last 30 days (March 10 - April 8). During the same time 42 properties were sold and 37 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 25 properties (or 46.3%).

During the previous 30 day period (February 9 - March 9) there were 61 new properties listed, 28 sold and 21 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.

There were a total of 49 homes listed during the last 30 days (March 10 - April 8), which is 90.7% of all properties listed in Essa. This is a 3.9% decline compared with a previous 30 day period (February 9 - March 9) and 2.1% up from the same period a year ago. Over the past year an average of 37 homes are were listed per month.

5 townhomes were listed over the last 30 days (March 10 - April 8) in Essa, which is 9.3% of all new real estate inventory. This is a 50.0% less than during the previous 30 day period (February 9 - March 9) and 28.6% decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 6 a month.

There were a total of 39 homes sold during the last 30 days (March 10 - April 8), which is 92.9% of all properties sold in Essa. This is a 95.0% increase compared with a previous 30 day period (February 9 - March 9) and 178.6% up from the same period a year ago. Over the past year an average of 474 homes are were sold per month.

3 townhomes were sold over the last 30 days (March 10 - April 8) in Essa, which is 7.1% of all sold real estate. This is a 62.5% less than during the previous 30 day period (February 9 - March 9) and 0.0% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 66 a month.