Erin Real Estate Statistics

Erin real estate average sold price in the last 30 days (March 25 - April 23) was $961,111, which is $421,722 (43.9%) lower than the average price of $1,382,833 in the previous 30 day period (February 24 - March 24), and $235,764 (24.5%) down from the same period 1 year ago ($1,196,875). Erin real estate prices over the last 30 days are also $312,536 (32.5%) lower than the average selling price of $1,273,647 over the past year.

Erin average sold price for homes was $961,111 in the last 30 days (March 25 - April 23), which is $421,722 (43.9%) down from the average home price of $1,382,833 in the previous 30 day period (February 24 - March 24), and $235,764 (24.5%) lower than the same period 1 year ago ($1,196,875). In the last 30 days Erin the average home price was $312,536 (32.5%) lower than the average selling price of $1,273,647 over the last 12 months.

Average selling price for Erin real estate was $961,111 in the last 30 days (March 25 - April 23), which is collectively $61,077 (3.6%) lower than the average asking price of $1,685,963. This represents an increase of $13,389 (18.0%) compared to $74,466 (5.2%) Sold-Under-Asking price from the previous 30 day period (February 24 - March 24).

The maximum Sold Over/Under Asking ratio in Erin during the last 12 months was recorded in July, 2023 with an average of $29,548 under the asking price, while the minimum occurring in February, 2024 with $74,166 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 23.1% with 9 properties sold and 20 new properties listed in the past 30 days (March 25 - April 23). This represents a decrease from 30.0% recorded during the previous 30 day period (February 24 - March 24), and a decrease from 61.5% compared to the same period one year ago.

Over the the last year the highest SNLR in Erin was 133.3% recorded in December and the lowest was in March at 24.0%. 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 9 properties that were successfully sold in Erin in the last 30 days (March 25 - April 23) was 29 days, which is 1 days less than 30 days average in the previous 30 day period (February 24 - March 24) and 11 days longer than during the same period a year ago (18 days).

There were 37 delisted properties in Erin, those that got either Expired, Suspended or Terminated over the last 30 days (March 25 - April 23) with an average of 91 days on the market. This is 20 days shorter than the average of 111 days during the previous 30 day period (February 24 - March 24) and 15 days more compared to the same period last year average of 76 days on the market.

37 Erin properties that didn't sell stayed on the market 213.8% longer than 9 that sucessfully sold over the last 30 days - 29 days when sold vs 91 days when delisted respectively.

Average Days on the Market in Erin over the past 12 months for properties that have sold was 38.8 days, with 76.3 days for those properties that did not sell.

39 new properties were listed on the market in Erin in the last 30 days (March 25 - April 23). During the same time 9 properties were sold and 37 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 7 properties (or 17.9%).

During the previous 30 day period (February 24 - March 24) there were 20 new properties listed, 6 sold and 6 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was June with 42 new properties listed, the slowest - December with 3 new listings and a yearly average of 24 new listings per month.

There were a total of 39 homes listed during the last 30 days (March 25 - April 23), which is 100.0% of all properties listed in Erin. This is a 95.0% increase compared with a previous 30 day period (February 24 - March 24) and 50.0% up from the same period a year ago. Over the past year an average of 24 homes are were listed per month.

There were a total of 9 homes sold during the last 30 days (March 25 - April 23), which is 100.0% of all properties sold in Erin. This is a 50.0% increase compared with a previous 30 day period (February 24 - March 24) and 43.8% down from the same period a year ago. Over the past year an average of 12 homes are were sold per month.