Niagara-on-the-Lake Real Estate Statistics

Niagara-on-the-Lake real estate average sold price in the last 30 days (March 20 - April 18) was $918,796, which is $151,888 (16.5%) lower than the average price of $1,070,684 in the previous 30 day period (February 19 - March 19), and $86,779 (9.4%) down from the same period 1 year ago ($1,005,575). Niagara-on-the-Lake real estate prices over the last 30 days are also $191,733 (20.9%) lower than the average selling price of $1,110,529 over the past year.

Niagara-on-the-Lake average sold price for homes was $959,606 in the last 30 days (March 20 - April 18), which is $169,547 (17.7%) down from the average home price of $1,129,153 in the previous 30 day period (February 19 - March 19), and $87,631 (9.1%) lower than the same period 1 year ago ($1,047,237). In the last 30 days Niagara-on-the-Lake the average home price was $224,282 (23.4%) lower than the average selling price of $1,183,888 over the last 12 months.

Average sold price of Niagara-on-the-Lake townhouse was $853,500 in the last 30 days (March 20 - April 18), down $59,300 (6.9%) from the average townhome price of $912,800 over the previous 30 days (February 19 - March 19), and $68,750 (8.1%) lower than during to the same period 1 year ago ($922,250). Over the last 30 days the average townhouse price in Niagara-on-the-Lake was $57,328 (6.7%) lower compared to the average selling price of $910,828 over the last 12 months.

Average selling price for Niagara-on-the-Lake real estate was $918,796 in the last 30 days (March 20 - April 18), which is collectively $22,403 (1.8%) lower than the average asking price of $1,278,490. This represents an increase of $22,102 (49.7%) compared to $44,505 (3.2%) Sold-Under-Asking price from the previous 30 day period (February 19 - March 19).

The maximum Sold Over/Under Asking ratio in Niagara-on-the-Lake during the last 12 months was recorded in September, 2023 with an average of $54,333 over the asking price, while the minimum occurring in December, 2023 with $100,250 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 Niagara-on-the-Lake was 59.1% with 26 properties sold and 49 new properties listed in the past 30 days (March 20 - April 18). This represents an increase from 38.8% recorded during the previous 30 day period (February 19 - March 19), and an increase from 36.4% compared to the same period one year ago.

Over the the last year the highest SNLR in Niagara-on-the-Lake was 114.3% recorded in December and the lowest was in February at 15.9%. 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 26 properties that were successfully sold in Niagara-on-the-Lake in the last 30 days (March 20 - April 18) was 36 days, which is 12 days less than 48 days average in the previous 30 day period (February 19 - March 19) and 3 days longer than during the same period a year ago (33 days).

There were 36 delisted properties in Niagara-on-the-Lake, those that got either Expired, Suspended or Terminated over the last 30 days (March 20 - April 18) with an average of 68 days on the market. This is 11 days shorter than the average of 79 days during the previous 30 day period (February 19 - March 19) and 16 days more compared to the same period last year average of 52 days on the market.

36 Niagara-on-the-Lake properties that didn't sell stayed on the market 88.9% longer than 26 that sucessfully sold over the last 30 days - 36 days when sold vs 68 days when delisted respectively.

Average Days on the Market in Niagara-on-the-Lake over the past 12 months for properties that have sold was 43.7 days, with 73.2 days for those properties that did not sell.

44 new properties were listed on the market in Niagara-on-the-Lake in the last 30 days (March 20 - April 18). During the same time 26 properties were sold and 36 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 18 properties (or 40.9%).

During the previous 30 day period (February 19 - March 19) there were 49 new properties listed, 19 sold and 28 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was August with 54 new properties listed, the slowest - December with 7 new listings and a yearly average of 37 new listings per month.

There were a total of 38 homes listed during the last 30 days (March 20 - April 18), which is 86.4% of all properties listed in Niagara-on-the-Lake. This is a 9.5% decline compared with a previous 30 day period (February 19 - March 19) and 40.7% up from the same period a year ago. Over the past year an average of 30 homes are were listed per month.

4 townhomes were listed over the last 30 days (March 20 - April 18) in Niagara-on-the-Lake, which is 9.1% of all new real estate inventory. This is a 42.9% less than during the previous 30 day period (February 19 - March 19) and 33.3% decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 6 a month.

There were a total of 16 homes sold during the last 30 days (March 20 - April 18), which is 61.5% of all properties sold in Niagara-on-the-Lake. This is a 23.1% increase compared with a previous 30 day period (February 19 - March 19) and 100.0% up from the same period a year ago. Over the past year an average of 12 homes are were sold per month.

10 townhomes were sold over the last 30 days (March 20 - April 18) in Niagara-on-the-Lake, which is 38.5% of all sold real estate. This is a 100.0% more than during the previous 30 day period (February 19 - March 19) and 150.0% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 5 a month.