Erin Real Estate Statistics

Erin Real Estate Price Trend
Erin real estate average sold price in the last 30 days (September 5 - October 4) was $998,500, which is $357,071 (35.8 %) lower than the average price of $1,355,571 in the previous 30 day period (August 6 - September 4), and $467,586 (46.8 %) down from the same period 1 year ago ($1,466,086). Erin real estate prices over the last 30 days are also $565,111 (56.6 %) lower than the average selling price of $1,563,611 over the past year.
Erin average sold price for homes was $998,500 in the last 30 days (September 5 - October 4), which is $357,071 (35.8 %) down from the average home price of $1,355,571 in the previous 30 day period (August 6 - September 4), and $467,586 (46.8 %) lower than the same period 1 year ago ($1,466,086). In the last 30 days Erin the average home price was $570,412 (57.1 %) lower than the average selling price of $1,568,912 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Erin real estate was $998,500 in the last 30 days (September 5 - October 4), which is collectively $93,466 (5.8 %) lower than the average asking price of $1,602,277. This represents an increase of $2,805 (2.9 %) compared to $96,271 (6.6 %) Sold-Under-Asking price from the previous 30 day period (August 6 - September 4).
The maximum Sold Over/Under Asking ratio in Erin during the last 12 months was recorded in February, 2022 with an average of $188,652 over the asking price, while the minimum occurring in September, 2022 with $110,966 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 Erin was 19.4 % with 6 properties sold and 41 new properties listed in the past 30 days (September 5 - October 4). This represents an increase from 17.1 % recorded during the previous 30 day period (August 6 - September 4), and a decrease from 92.0 % compared to the same period one year ago.
Over the the last year the highest SNLR in Erin was 100.0 % recorded in January and the lowest was in September at 9.4 %. 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 6 properties that were successfully sold in Erin in the last 30 days (September 5 - October 4) was 43 days, which is 29 days more than 14 days average in the previous 30 day period (August 6 - September 4) and 35 days longer than during the same period a year ago (8 days).
There were 16 delisted properties in Erin, those that got either Expired, Suspended or Terminated over the last 30 days (September 5 - October 4) with an average of 93 days on the market. This is 51 days longer than the average of 42 days during the previous 30 day period (August 6 - September 4) and 41 days more compared to the same period last year average of 52 days on the market.
16 Erin properties that didn't sell stayed on the market 116.3 % longer than 6 that sucessfully sold over the last 30 days - 43 days when sold vs 93 days when delisted respectively.
Average Days on the Market in Erin over the past 12 months for properties that have sold was 30.9 days, with 53.5 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
31 new properties were listed on the market in Erin in the last 30 days (September 5 - October 4). During the same time 6 properties were sold and 16 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 9 properties (or 29.0 %).
During the previous 30 day period (August 6 - September 4) there were 41 new properties listed, 7 sold and 23 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was May with 45 new properties listed, the slowest - December with 4 new listings and a yearly average of 27 new listings per month.
New Real Estate Listings by Property Type
There were a total of 31 homes listed during the last 30 days (September 5 - October 4), which is 100.0 % of all properties listed in Erin. This is a 24.4 % decline compared with a previous 30 day period (August 6 - September 4) and 24.0 % up from the same period a year ago. Over the past year an average of 27 homes are were listed per month.
Real Estate Sales by Property Type
There were a total of 6 homes sold during the last 30 days (September 5 - October 4), which is 100.0 % of all properties sold in Erin. This is a 14.3 % decline compared with a previous 30 day period (August 6 - September 4) and 73.9 % down from the same period a year ago. Over the past year an average of 10 homes are were sold per month.
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