Erin Real Estate Statistics

Erin real estate average sold price in the last 30 days (November 21 - December 20) was $1,038,346, which is $228,904 (22.0%) lower than the average price of $1,267,250 in the previous 30 day period (October 22 - November 20), and $176,487 (17.0%) down from the same period 1 year ago ($1,214,833). Erin real estate prices over the last 30 days are also $259,347 (25.0%) lower than the average selling price of $1,297,693 over the past year.

Erin average sold price for homes was $1,038,346 in the last 30 days (November 21 - December 20), which is $274,926 (26.5%) down from the average home price of $1,313,272 in the previous 30 day period (October 22 - November 20), and $176,487 (17.0%) lower than the same period 1 year ago ($1,214,833). In the last 30 days Erin the average home price was $261,924 (25.2%) lower than the average selling price of $1,300,270 over the last 12 months.

Average selling price for Erin real estate was $1,038,346 in the last 30 days (November 21 - December 20), which is collectively $28,293 (1.9%) lower than the average asking price of $1,507,505. This represents an increase of $14,439 (33.8%) compared to $42,732 (2.4%) Sold-Under-Asking price from the previous 30 day period (October 22 - November 20).

The maximum Sold Over/Under Asking ratio in Erin during the last 12 months was recorded in May, 2024 with an average of $30,308 under the asking price, while the minimum occurring in September, 2024 with $98,399 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 Erin was 98.0% with 49 properties sold and 36 new properties listed in the past 30 days (November 21 - December 20). This represents an increase from 33.3% recorded during the previous 30 day period (October 22 - November 20), and a decrease from 120.0% compared to the same period one year ago.

Over the the last year the highest SNLR in Erin was 39.6% recorded in November and the lowest was in August at 18.5%. 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 49 properties that were successfully sold in Erin in the last 30 days (November 21 - December 20) was 72 days, which is 40 days more than 32 days average in the previous 30 day period (October 22 - November 20) and 22 days longer than during the same period a year ago (50 days).

There were 71 delisted properties in Erin, those that got either Expired, Suspended or Terminated over the last 30 days (November 21 - December 20) with an average of 101 days on the market. This is 19 days longer than the average of 82 days during the previous 30 day period (October 22 - November 20) and 9 days more compared to the same period last year average of 92 days on the market.

71 Erin properties that didn't sell stayed on the market 40.3% longer than 49 that sucessfully sold over the last 30 days - 72 days when sold vs 101 days when delisted respectively.

Average Days on the Market in Erin over the past 12 months for properties that have sold was 37.7 days, with 82.4 days for those properties that did not sell.

50 new properties were listed on the market in Erin in the last 30 days (November 21 - December 20). During the same time 49 properties were sold and 71 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 70 properties (or 140.0%).

During the previous 30 day period (October 22 - November 20) there were 36 new properties listed, 12 sold and 30 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was November with 53 new properties listed, the slowest - January with 16 new listings and a yearly average of 34 new listings per month.

There were a total of 48 homes listed during the last 30 days (November 21 - December 20), which is 96.0% of all properties listed in Erin. This is a 41.2% increase compared with a previous 30 day period (October 22 - November 20) and 860.0% up from the same period a year ago. Over the past year an average of 34 homes are were listed per month.

There were a total of 49 homes sold during the last 30 days (November 21 - December 20), which is 100.0% of all properties sold in Erin. This is a 345.5% increase compared with a previous 30 day period (October 22 - November 20) and 716.7% up from the same period a year ago. Over the past year an average of 11 homes are were sold per month.