Melancthon Real Estate Statistics

Melancthon Real Estate Price Trend
Melancthon real estate average sold price in the last 30 days (February 27 - March 27) was $950,000, which is $142,666 (15.0%) lower than the average price of $1,092,666 in the previous 30 day period (January 28 - February 26), and $575,000 (60.5%) down from the same period 1 year ago ($1,525,000). Melancthon real estate prices over the last 30 days are also $190,530 (20.1%) higher than the average selling price of $759,470 over the past year.
Melancthon average sold price for homes was $950,000 in the last 30 days (February 27 - March 27), which is $142,666 (15.0%) down from the average home price of $1,092,666 in the previous 30 day period (January 28 - February 26), and $575,000 (60.5%) lower than the same period 1 year ago ($1,525,000). In the last 30 days Melancthon the average home price was $190,530 (20.1%) higher than the average selling price of $759,470 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Melancthon real estate was $950,000 in the last 30 days (February 27 - March 27), which is collectively $20,000 (1.3%) lower than the average asking price of $1,573,053. This represents an increase of $17,316 (46.4%) compared to $37,316 (3.6%) Sold-Under-Asking price from the previous 30 day period (January 28 - February 26).
The maximum Sold Over/Under Asking ratio in Melancthon during the last 12 months was recorded in April, 2023 with an average of $0 over the asking price, while the minimum occurring in March, 2023 with $74,999 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 Melancthon was 23.1% with 3 properties sold and 7 new properties listed in the past 30 days (February 27 - March 27). This represents a decrease from 85.7% recorded during the previous 30 day period (January 28 - February 26), and a decrease from 33.3% compared to the same period one year ago.
Over the the last year the highest SNLR in Melancthon was 500.0% recorded in July and the lowest was in April at 0.0%. 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.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 3 properties that were successfully sold in Melancthon in the last 30 days (February 27 - March 27) was 42 days, which is 5 days more than 37 days average in the previous 30 day period (January 28 - February 26) and 23 days longer than during the same period a year ago (19 days).
There were 4 delisted properties in Melancthon, those that got either Expired, Suspended or Terminated over the last 30 days (February 27 - March 27) with an average of 101 days on the market. This is 31 days shorter than the average of 132 days during the previous 30 day period (January 28 - February 26) and 101 days more compared to the same period last year average of 0 days on the market.
4 Melancthon properties that didn't sell stayed on the market 140.5% longer than 3 that sucessfully sold over the last 30 days - 42 days when sold vs 101 days when delisted respectively.
Average Days on the Market in Melancthon over the past 12 months for properties that have sold was 33.4 days, with 69.4 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
13 new properties were listed on the market in Melancthon in the last 30 days (February 27 - March 27). During the same time 3 properties were sold and 4 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 6 properties (or 46.2%).
During the previous 30 day period (January 28 - February 26) there were 7 new properties listed, 6 sold and 4 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was June with 18 new properties listed, the slowest - December with 2 new listings and a yearly average of 8 new listings per month.
New Real Estate Listings by Property Type
There were a total of 13 homes listed during the last 30 days (February 27 - March 27), which is 100.0% of all properties listed in Melancthon. This is a 85.7% increase compared with a previous 30 day period (January 28 - February 26) and 333.3% up from the same period a year ago. Over the past year an average of 8 homes are were listed per month.
Real Estate Sales by Property Type
There were a total of 3 homes sold during the last 30 days (February 27 - March 27), which is 100.0% of all properties sold in Melancthon. This is a 50.0% decline compared with a previous 30 day period (January 28 - February 26) and 200.0% up from the same period a year ago. Over the past year an average of 5 homes are were sold per month.
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