Melancthon Real Estate Statistics

Melancthon Real Estate Price Trend
Melancthon real estate average sold price in the last 30 days (May 19 - June 17) was $867,857, which is $70,143 (8.1 %) lower than the average price of $938,000 in the previous 30 day perdiod (April 19 - May 18), and $213,691 (24.6 %) up from the same period 1 year ago ($654,166). Melancthon real estate prices over the last 30 days are also $166,496 (19.2 %) higher than the average selling price of $701,361 over the past year.
Melancthon average sold price for homes was $867,857 in the last 30 days (May 19 - June 17), which is $70,143 (8.1 %) down from the average home price of $938,000 in the previous 30 day perdiod (April 19 - May 18), and $213,691 (24.6 %) higher than the same period 1 year ago ($654,166). In the last 30 days Melancthon the average home price was $166,496 (19.2 %) higher than the average selling price of $701,361 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Melancthon real estate was $867,857 in the last 30 days (May 19 - June 17), which is collectively $1,657 (0.1 %) higher than the average asking price of $1,285,363. This represents a decline of $543 (24.7 %) compared to $2,200 (0.2 %) Sold-Over-Asking price from the previous 30 day period (April 19 - May 18).
The maximum Sold Over/Under Asking ratio in Melancthon during the last 12 months was recorded in April, 2021 with an average of $42,016 over the asking price, while the minimum occurring in November, 2020 with $88,266 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 63.6 % with 7 properties sold and 8 new properties listed in the past 30 days (May 19 - June 17). This represents an increase from 62.5 % recorded during the previous 30 day period (April 19 - May 18), and a decrease from 150.0 % compared to the same period one year ago.
Over the the last year the highest SNLR in Melancthon was 250.0 % recorded in February 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 7 properties that were successfully sold in Melancthon in the last 30 days (May 19 - June 17) was 16 days, which is 6 days more than 10 days average in the previous 30 day period (April 19 - May 18) and 52 days shorter than during the same period a year ago (68 days).
There were 0 delisted properties in Melancthon, those that got either Expired, Suspended or Terminated over the last 30 days (May 19 - June 17) with an average of 0 days on the market. This is 20 days shorter than the average of 20 days during the previous 30 day period (April 19 - May 18) and 50 days less compared to the same period last year average of 50 days on the market.
0 Melancthon properties that didn't sell stayed on the market 100.0 % longer than 7 that sucessfully sold over the last 30 days - 16 days when sold vs 0 days when delisted respectively.
Average Days on the Market in Melancthon over the past 12 months for properties that have sold was 28.1 days, with 109.0 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
11 new properties were listed on the market in Melancthon in the last 30 days (May 19 - June 17). During the same time 7 properties were sold and 0 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 4 properties (or 36.4 %).
During the previous 30 day period (April 19 - May 18) there were 8 new properties listed, 5 sold and 2 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was May with 10 new properties listed, the slowest - January with 0 new listings and a yearly average of 5 new listings per month.
New Real Estate Listings by Property Type
There were a total of 11 homes listed during the last 30 days (May 19 - June 17), which is 100.0 % of all properties listed in Melancthon. This is a 37.5 % increase compared with a previous 30 day period (April 19 - May 18) and 175.0 % up from the same period a year ago. Over the past year an average of 5 homes are were listed per month.
Real Estate Sales by Property Type
There were a total of 7 homes sold during the last 30 days (May 19 - June 17), which is 100.0 % of all properties sold in Melancthon. This is a 40.0 % increase compared with a previous 30 day period (April 19 - May 18) and 16.7 % up from the same period a year ago. Over the past year an average of 4 homes are were sold per month.
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