Essa Real Estate Statistics

Essa real estate average sold price in the last 30 days (January 21 - February 19) was $754,458, which is $24,875 (3.3%) lower than the average price of $779,333 in the previous 30 day period (December 22 - January 20), and $9,808 (1.3%) down from the same period 1 year ago ($764,266). Essa real estate prices over the last 30 days are also $50,649 (6.7%) lower than the average selling price of $805,107 over the past year.

Essa average sold price for homes was $777,611 in the last 30 days (January 21 - February 19), which is $30,603 (3.9%) down from the average home price of $808,214 in the previous 30 day period (December 22 - January 20), and $23,207 (3.0%) lower than the same period 1 year ago ($800,818). In the last 30 days Essa the average home price was $49,433 (6.4%) lower than the average selling price of $827,044 over the last 12 months.

Average sold price of Essa townhouse was $685,000 in the last 30 days (January 21 - February 19), up $6,750 (1.0%) from the average townhome price of $678,250 over the previous 30 days (December 22 - January 20), and $21,250 (3.1%) higher than during to the same period 1 year ago ($663,750). Over the last 30 days the average townhouse price in Essa was $32,078 (4.7%) higher compared to the average selling price of $652,922 over the last 12 months.

Average selling price for Essa real estate was $754,458 in the last 30 days (January 21 - February 19), which is collectively $21,041 (2.3%) lower than the average asking price of $926,321. This represents a decline of $3,086 (17.2%) compared to $17,955 (1.6%) Sold-Under-Asking price from the previous 30 day period (December 22 - January 20).

The maximum Sold Over/Under Asking ratio in Essa during the last 12 months was recorded in December, 2024 with an average of $15,448 over the asking price, while the minimum occurring in September, 2024 with $32,773 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 58.5% with 24 properties sold and 39 new properties listed in the past 30 days (January 21 - February 19). This represents an increase from 23.1% recorded during the previous 30 day period (December 22 - January 20), and a decrease from 61.2% compared to the same period one year ago.

Over the the last year the highest SNLR in Essa was 335.7% recorded in August and the lowest was in January at 28.0%. 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 24 properties that were successfully sold in Essa in the last 30 days (January 21 - February 19) was 30 days, which is 6 days more than 24 days average in the previous 30 day period (December 22 - January 20) and 5 days longer than during the same period a year ago (25 days).

There were 22 delisted properties in Essa, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 68 days on the market. This is 20 days shorter than the average of 88 days during the previous 30 day period (December 22 - January 20) and 1 days less compared to the same period last year average of 69 days on the market.

22 Essa properties that didn't sell stayed on the market 126.7% longer than 24 that sucessfully sold over the last 30 days - 30 days when sold vs 68 days when delisted respectively.

Average Days on the Market in Essa over the past 12 months for properties that have sold was 27.9 days, with 57.1 days for those properties that did not sell.

41 new properties were listed on the market in Essa in the last 30 days (January 21 - February 19). During the same time 24 properties were sold and 22 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 5 properties (or 12.2%).

During the previous 30 day period (December 22 - January 20) there were 39 new properties listed, 9 sold and 27 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was July with 84 new properties listed, the slowest - December with 19 new listings and a yearly average of 58 new listings per month.

There were a total of 37 homes listed during the last 30 days (January 21 - February 19), which is 90.2% of all properties listed in Essa. This is a 23.3% increase compared with a previous 30 day period (December 22 - January 20) and 17.8% down from the same period a year ago. Over the past year an average of 51 homes are were listed per month.

4 townhomes were listed over the last 30 days (January 21 - February 19) in Essa, which is 9.8% of all new real estate inventory. This is a 55.6% less than during the previous 30 day period (December 22 - January 20) and 0.0% decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 8 a month.

There were a total of 18 homes sold during the last 30 days (January 21 - February 19), which is 75.0% of all properties sold in Essa. This is a 157.1% increase compared with a previous 30 day period (December 22 - January 20) and 18.2% down from the same period a year ago. Over the past year an average of 37 homes are were sold per month.

6 townhomes were sold over the last 30 days (January 21 - February 19) in Essa, which is 25.0% of all sold real estate. This is a 200.0% more than during the previous 30 day period (December 22 - January 20) and 25.0% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 5 a month.