Essa Real Estate Statistics

Essa real estate average sold price in the last 30 days (October 21 - November 19) was $731,370, which is $10,074 (1.4%) lower than the average price of $741,444 in the previous 30 day period (September 21 - October 20), and $12,356 (1.7%) down from the same period 1 year ago ($743,726). Essa real estate prices over the last 30 days are also $72,631 (9.9%) lower than the average selling price of $804,001 over the past year.

Essa average sold price for homes was $742,416 in the last 30 days (October 21 - November 19), which is $3,525 (0.5%) down from the average home price of $745,941 in the previous 30 day period (September 21 - October 20), and $33,929 (4.6%) lower than the same period 1 year ago ($776,345). In the last 30 days Essa the average home price was $86,902 (11.7%) lower than the average selling price of $829,318 over the last 12 months.

Average sold price of Essa townhouse was $631,950 in the last 30 days (October 21 - November 19), down $33,050 (5.2%) from the average townhome price of $665,000 over the previous 30 days (September 21 - October 20), and $3,050 (0.5%) lower than during to the same period 1 year ago ($635,000). Over the last 30 days the average townhouse price in Essa was $28,188 (4.5%) higher compared to the average selling price of $603,762 over the last 12 months.

Average selling price for Essa real estate was $731,370 in the last 30 days (October 21 - November 19), which is collectively $26,159 (2.5%) lower than the average asking price of $1,055,135. This represents a decline of $9,760 (59.5%) compared to $16,399 (1.6%) Sold-Under-Asking price from the previous 30 day period (September 21 - October 20).

The maximum Sold Over/Under Asking ratio in Essa during the last 12 months was recorded in February, 2024 with an average of $8,426 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 55.6% with 20 properties sold and 66 new properties listed in the past 30 days (October 21 - November 19). This represents an increase from 27.3% recorded during the previous 30 day period (September 21 - October 20), and an increase from 35.1% 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 October at 30.9%. 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 20 properties that were successfully sold in Essa in the last 30 days (October 21 - November 19) was 33 days, which is 15 days more than 18 days average in the previous 30 day period (September 21 - October 20) and 13 days longer than during the same period a year ago (20 days).

There were 32 delisted properties in Essa, those that got either Expired, Suspended or Terminated over the last 30 days (October 21 - November 19) with an average of 41 days on the market. This is 17 days shorter than the average of 58 days during the previous 30 day period (September 21 - October 20) and 15 days less compared to the same period last year average of 56 days on the market.

32 Essa properties that didn't sell stayed on the market 24.2% longer than 20 that sucessfully sold over the last 30 days - 33 days when sold vs 41 days when delisted respectively.

Average Days on the Market in Essa over the past 12 months for properties that have sold was 27.8 days, with 56.2 days for those properties that did not sell.

36 new properties were listed on the market in Essa in the last 30 days (October 21 - November 19). During the same time 20 properties were sold and 32 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 16 properties (or 44.4%).

During the previous 30 day period (September 21 - October 20) there were 66 new properties listed, 18 sold and 45 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 12 new listings and a yearly average of 57 new listings per month.

There were a total of 28 homes listed during the last 30 days (October 21 - November 19), which is 77.8% of all properties listed in Essa. This is a 52.5% decline compared with a previous 30 day period (September 21 - October 20) and 3.7% up from the same period a year ago. Over the past year an average of 50 homes are were listed per month.

8 townhomes were listed over the last 30 days (October 21 - November 19) in Essa, which is 22.2% of all new real estate inventory. This is a 14.3% more than during the previous 30 day period (September 21 - October 20) and 20.0% decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 7 a month.

There were a total of 18 homes sold during the last 30 days (October 21 - November 19), which is 90.0% of all properties sold in Essa. This is a 5.9% increase compared with a previous 30 day period (September 21 - October 20) and 80.0% up from the same period a year ago. Over the past year an average of 33 homes are were sold per month.

2 townhomes were sold over the last 30 days (October 21 - November 19) in Essa, which is 10.0% of all sold real estate. This is a 100.0% more than during the previous 30 day period (September 21 - October 20) and 33.3% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 6 a month.