With only 2.0 months of inventory, Esperance remains a seller's market. The median home price in Esperance currently stands at $260,000. With 2.0 months of supply, Esperance's inventory levels remain relatively tight. Homes are taking about 43 days to sell, which is 0 days longer than this time last year. A significant 50.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. The majority of homes (100.0%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Esperance market with the affordability index at 3586.2. Based on current market indicators, home prices in Esperance are projected to decrease by approximately 3.7% over the next month.