East Luther Grand Valley Real Estate Statistics

East Luther Grand Valley real estate average sold price in the last 30 days (March 25 - April 23) was $810,000, which is $74,084 (9.1%) higher than the average price of $735,916 in the previous 30 day period (February 24 - March 24), and $31,500 (3.9%) up from the same period 1 year ago ($778,500). East Luther Grand Valley real estate prices over the last 30 days are also $8,316 (1.0%) higher than the average selling price of $801,684 over the past year.

East Luther Grand Valley average sold price for homes was $951,666 in the last 30 days (March 25 - April 23), which is $173,166 (18.2%) up from the average home price of $778,500 in the previous 30 day period (February 24 - March 24), and $118,666 (12.5%) higher than the same period 1 year ago ($833,000). In the last 30 days East Luther Grand Valley the average home price was $161,414 (17.0%) higher than the average selling price of $790,252 over the last 12 months.

Average selling price for East Luther Grand Valley real estate was $810,000 in the last 30 days (March 25 - April 23), which is collectively $2,474 (0.3%) lower than the average asking price of $856,220. This represents an increase of $75 (2.9%) compared to $2,549 (0.2%) Sold-Under-Asking price from the previous 30 day period (February 24 - March 24).

The maximum Sold Over/Under Asking ratio in East Luther Grand Valley during the last 12 months was recorded in October, 2023 with an average of $66,000 over the asking price, while the minimum occurring in May, 2023 with $47,414 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 East Luther Grand Valley was 40.0% with 4 properties sold and 7 new properties listed in the past 30 days (March 25 - April 23). This represents a decrease from 85.7% recorded during the previous 30 day period (February 24 - March 24), and a decrease from 50.0% compared to the same period one year ago.

Over the the last year the highest SNLR in East Luther Grand Valley was 200.0% recorded in February and the lowest was in January at 22.2%. 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 4 properties that were successfully sold in East Luther Grand Valley in the last 30 days (March 25 - April 23) was 25 days, which is 1 days less than 26 days average in the previous 30 day period (February 24 - March 24) and 3 days longer than during the same period a year ago (22 days).

There were 1 delisted properties in East Luther Grand Valley, those that got either Expired, Suspended or Terminated over the last 30 days (March 25 - April 23) with an average of 162 days on the market. This is 75 days longer than the average of 87 days during the previous 30 day period (February 24 - March 24) and 98 days more compared to the same period last year average of 64 days on the market.

1 East Luther Grand Valley properties that didn't sell stayed on the market 548.0% longer than 4 that sucessfully sold over the last 30 days - 25 days when sold vs 162 days when delisted respectively.

Average Days on the Market in East Luther Grand Valley over the past 12 months for properties that have sold was 31.0 days, with 55.5 days for those properties that did not sell.

10 new properties were listed on the market in East Luther Grand Valley in the last 30 days (March 25 - April 23). During the same time 4 properties were sold and 1 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 5 properties (or 50.0%).

During the previous 30 day period (February 24 - March 24) there were 7 new properties listed, 6 sold and 3 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was June with 22 new properties listed, the slowest - February with 3 new listings and a yearly average of 11 new listings per month.

There were a total of 9 homes listed during the last 30 days (March 25 - April 23), which is 90.0% of all properties listed in East Luther Grand Valley. This is a 50.0% increase compared with a previous 30 day period (February 24 - March 24) and 12.5% up from the same period a year ago. Over the past year an average of 8 homes are were listed per month.

There were a total of 3 homes sold during the last 30 days (March 25 - April 23), which is 75.0% of all properties sold in East Luther Grand Valley. This is a 25.0% decline compared with a previous 30 day period (February 24 - March 24) and 0.0% down from the same period a year ago. Over the past year an average of 5 homes are were sold per month.