Tay Real Estate Statistics

Tay real estate average sold price in the last 30 days (March 26 - April 24) was $479,535, which is $124,465 (26.0%) lower than the average price of $604,000 in the previous 30 day period (February 25 - March 25), and $264,015 (55.1%) down from the same period 1 year ago ($743,550). Tay real estate prices over the last 30 days are also $191,030 (39.8%) lower than the average selling price of $670,565 over the past year.

Tay average sold price for homes was $479,535 in the last 30 days (March 26 - April 24), which is $124,465 (26.0%) down from the average home price of $604,000 in the previous 30 day period (February 25 - March 25), and $264,015 (55.1%) lower than the same period 1 year ago ($743,550). In the last 30 days Tay the average home price was $190,636 (39.8%) lower than the average selling price of $670,171 over the last 12 months.

Average selling price for Tay real estate was $479,535 in the last 30 days (March 26 - April 24), which is collectively $6,619 (0.9%) lower than the average asking price of $698,685. This represents an increase of $308 (4.4%) compared to $6,927 (0.8%) Sold-Under-Asking price from the previous 30 day period (February 25 - March 25).

The maximum Sold Over/Under Asking ratio in Tay during the last 12 months was recorded in March, 2024 with an average of $2,590 under the asking price, while the minimum occurring in May, 2023 with $46,192 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 Tay was 66.7% with 14 properties sold and 36 new properties listed in the past 30 days (March 26 - April 24). This represents an increase from 33.3% recorded during the previous 30 day period (February 25 - March 25), and an increase from 45.2% compared to the same period one year ago.

Over the the last year the highest SNLR in Tay was 2,921.7% recorded in July and the lowest was in March at 29.7%. 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 14 properties that were successfully sold in Tay in the last 30 days (March 26 - April 24) was 14 days, which is 36 days less than 50 days average in the previous 30 day period (February 25 - March 25) and 6 days shorter than during the same period a year ago (20 days).

There were 21 delisted properties in Tay, those that got either Expired, Suspended or Terminated over the last 30 days (March 26 - April 24) with an average of 80 days on the market. This is 13 days longer than the average of 67 days during the previous 30 day period (February 25 - March 25) and 30 days more compared to the same period last year average of 50 days on the market.

21 Tay properties that didn't sell stayed on the market 471.4% longer than 14 that sucessfully sold over the last 30 days - 14 days when sold vs 80 days when delisted respectively.

Average Days on the Market in Tay over the past 12 months for properties that have sold was 32.8 days, with 63.2 days for those properties that did not sell.

21 new properties were listed on the market in Tay in the last 30 days (March 26 - April 24). During the same time 14 properties were sold and 21 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 (February 25 - March 25) there were 36 new properties listed, 12 sold and 14 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was May with 38 new properties listed, the slowest - December with 13 new listings and a yearly average of 26 new listings per month.

There were a total of 20 homes listed during the last 30 days (March 26 - April 24), which is 95.2% of all properties listed in Tay. This is a 44.4% decline compared with a previous 30 day period (February 25 - March 25) and 35.5% down from the same period a year ago. Over the past year an average of 25 homes are were listed per month.

There were a total of 14 homes sold during the last 30 days (March 26 - April 24), which is 100.0% of all properties sold in Tay. This is a 16.7% increase compared with a previous 30 day period (February 25 - March 25) and 0.0% down from the same period a year ago. Over the past year an average of 79 homes are were sold per month.