Southwold Real Estate Statistics

Southwold real estate average sold price in the last 30 days (April 14 - May 13) was $707,473, which is $8,527 (1.2%) lower than the average price of $716,000 in the previous 30 day period (March 15 - April 13), and $584,527 (82.6%) down from the same period 1 year ago ($1,292,000). Southwold real estate prices over the last 30 days are also $322,238 (45.5%) higher than the average selling price of $385,235 over the past year.

Southwold average sold price for homes was $912,190 in the last 30 days (April 14 - May 13), which is $119,060 (13.1%) down from the average home price of $1,031,250 in the previous 30 day period (March 15 - April 13), and $379,810 (41.6%) lower than the same period 1 year ago ($1,292,000). In the last 30 days Southwold the average home price was $495,959 (54.4%) higher than the average selling price of $416,231 over the last 12 months.

Average selling price for Southwold real estate was $707,473 in the last 30 days (April 14 - May 13), which is collectively $7,013 (0.7%) lower than the average asking price of $955,661. This represents a decline of $3,680 (110.4%) compared to $3,333 (0.4%) Sold-Under-Asking price from the previous 30 day period (March 15 - April 13).

The maximum Sold Over/Under Asking ratio in Southwold during the last 12 months was recorded in June, 2023 with an average of $0 over the asking price, while the minimum occurring in March, 2024 with $37,466 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 109.5% with 23 properties sold and 7 new properties listed in the past 30 days (April 14 - May 13). This represents a decrease from 171.4% recorded during the previous 30 day period (March 15 - April 13), and an increase from 25.0% compared to the same period one year ago.

Over the the last year the highest SNLR in Southwold was 31,200.0% recorded in February and the lowest was in June 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.

The Average Days on the Market (DOM) for 23 properties that were successfully sold in Southwold in the last 30 days (April 14 - May 13) was 41 days, which is 4 days more than 37 days average in the previous 30 day period (March 15 - April 13) and 62 days shorter than during the same period a year ago (103 days).

There were 12 delisted properties in Southwold, those that got either Expired, Suspended or Terminated over the last 30 days (April 14 - May 13) with an average of 69 days on the market. This is 49 days shorter than the average of 118 days during the previous 30 day period (March 15 - April 13) and 54 days less compared to the same period last year average of 123 days on the market.

12 Southwold properties that didn't sell stayed on the market 68.3% longer than 23 that sucessfully sold over the last 30 days - 41 days when sold vs 69 days when delisted respectively.

Average Days on the Market in Southwold over the past 12 months for properties that have sold was 25.2 days, with 89.8 days for those properties that did not sell.

21 new properties were listed on the market in Southwold in the last 30 days (April 14 - May 13). During the same time 23 properties were sold and 12 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 14 properties (or 66.7%).

During the previous 30 day period (March 15 - April 13) there were 7 new properties listed, 12 sold and 9 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was June with 13 new properties listed, the slowest - November with 0 new listings and a yearly average of 3 new listings per month.

There were a total of 21 homes listed during the last 30 days (April 14 - May 13), which is 100.0% of all properties listed in Southwold. This is a 200.0% increase compared with a previous 30 day period (March 15 - April 13) and 425.0% up from the same period a year ago. Over the past year an average of 3 homes are were listed per month.

There were a total of 10 homes sold during the last 30 days (April 14 - May 13), which is 43.5% of all properties sold in Southwold. This is a 150.0% increase compared with a previous 30 day period (March 15 - April 13) and 900.0% up from the same period a year ago. Over the past year an average of 53 homes are were sold per month.