Southwold Real Estate Statistics

Southwold real estate average sold price in the last 30 days (January 21 - February 19) was $800,000, which is $23,333 (2.9%) lower than the average price of $823,333 in the previous 30 day period (December 22 - January 20), and $414,004 (51.8%) up from the same period 1 year ago ($385,996). Southwold real estate prices over the last 30 days are also $65,287 (8.2%) higher than the average selling price of $734,713 over the past year.

Southwold average sold price for homes was $800,000 in the last 30 days (January 21 - February 19), which is $435,000 (54.4%) down from the average home price of $1,235,000 in the previous 30 day period (December 22 - January 20), and $416,612 (52.1%) higher than the same period 1 year ago ($383,388). In the last 30 days Southwold the average home price was $31,842 (4.0%) lower than the average selling price of $831,842 over the last 12 months.

Average selling price for Southwold real estate was $800,000 in the last 30 days (January 21 - February 19), which is collectively $290,000 (25.6%) lower than the average asking price of $1,132,141. This represents a decline of $44,400 (18.1%) compared to $245,600 (26.9%) Sold-Under-Asking price from the previous 30 day period (December 22 - January 20).

The maximum Sold Over/Under Asking ratio in Southwold during the last 12 months was recorded in November, 2024 with an average of $16,750 over the asking price, while the minimum occurring in January, 2025 with $256,700 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 Southwold was 7.1% with 1 properties sold and 28 new properties listed in the past 30 days (January 21 - February 19). This represents a decrease from 10.7% recorded during the previous 30 day period (December 22 - January 20), and a decrease from ∞ compared to the same period one year ago.

Over the the last year the highest SNLR in Southwold was 370.0% recorded in April and the lowest was in January at 13.8%. 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 1 properties that were successfully sold in Southwold in the last 30 days (January 21 - February 19) was 117 days, which is 15 days less than 132 days average in the previous 30 day period (December 22 - January 20) and 78 days longer than during the same period a year ago (39 days).

There were 16 delisted properties in Southwold, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 85 days on the market. This is 5 days shorter than the average of 90 days during the previous 30 day period (December 22 - January 20) and 667 days more compared to the same period last year average of -582 days on the market.

16 Southwold properties that didn't sell stayed on the market 27.4% longer than 1 that sucessfully sold over the last 30 days - 117 days when sold vs 85 days when delisted respectively.

Average Days on the Market in Southwold over the past 12 months for properties that have sold was 62.1 days, with 102.7 days for those properties that did not sell.

14 new properties were listed on the market in Southwold in the last 30 days (January 21 - February 19). During the same time 1 properties were sold and 16 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 3 properties (or 21.4%).

During the previous 30 day period (December 22 - January 20) there were 28 new properties listed, 3 sold and 39 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was May with 36 new properties listed, the slowest - March with 1 new listings and a yearly average of 15 new listings per month.

There were a total of 1 homes sold during the last 30 days (January 21 - February 19), which is 100.0% of all properties sold in Southwold. This is a 50.0% decline compared with a previous 30 day period (December 22 - January 20) and 99.8% down from the same period a year ago. Over the past year an average of 6 homes are were sold per month.