Niagara-on-the-Lake Real Estate Statistics

Niagara-on-the-Lake real estate average sold price in the last 30 days (October 24 - November 22) was $1,035,525, which is $72,087 (7.0%) lower than the average price of $1,107,612 in the previous 30 day period (September 24 - October 23), and $61,270 (5.9%) up from the same period 1 year ago ($974,255). Niagara-on-the-Lake real estate prices over the last 30 days are also $19,429 (1.9%) lower than the average selling price of $1,054,954 over the past year.

Niagara-on-the-Lake average sold price for homes was $1,068,080 in the last 30 days (October 24 - November 22), which is $72,277 (6.8%) down from the average home price of $1,140,357 in the previous 30 day period (September 24 - October 23), and $111,697 (10.5%) higher than the same period 1 year ago ($956,383). In the last 30 days Niagara-on-the-Lake the average home price was $45,401 (4.3%) lower than the average selling price of $1,113,481 over the last 12 months.

Average sold price of Niagara-on-the-Lake townhouse was $888,730 in the last 30 days (October 24 - November 22), down $22,412 (2.5%) from the average townhome price of $911,142 over the previous 30 days (September 24 - October 23), and $121,270 (13.6%) lower than during to the same period 1 year ago ($1,010,000). Over the last 30 days the average townhouse price in Niagara-on-the-Lake was $4,600 (0.5%) higher compared to the average selling price of $884,130 over the last 12 months.

Average selling price for Niagara-on-the-Lake real estate was $1,035,525 in the last 30 days (October 24 - November 22), which is collectively $42,298 (2.3%) lower than the average asking price of $1,873,024. This represents an increase of $16,034 (27.5%) compared to $58,332 (3.8%) Sold-Under-Asking price from the previous 30 day period (September 24 - October 23).

The maximum Sold Over/Under Asking ratio in Niagara-on-the-Lake during the last 12 months was recorded in March, 2024 with an average of $23,799 under 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 1,060.4% with 509 properties sold and 48 new properties listed in the past 30 days (October 24 - November 22). This represents an increase from 102.1% recorded during the previous 30 day period (September 24 - October 23), and an increase from 28.1% compared to the same period one year ago.

Over the the last year the highest SNLR in Niagara-on-the-Lake was 3,477.8% recorded in August 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 509 properties that were successfully sold in Niagara-on-the-Lake in the last 30 days (October 24 - November 22) was 42 days, which is 22 days less than 64 days average in the previous 30 day period (September 24 - October 23) and 5 days shorter than during the same period a year ago (47 days).

There were 912 delisted properties in Niagara-on-the-Lake, those that got either Expired, Suspended or Terminated over the last 30 days (October 24 - November 22) with an average of 94 days on the market. This is 3 days shorter than the average of 97 days during the previous 30 day period (September 24 - October 23) and 7 days more compared to the same period last year average of 87 days on the market.

912 Niagara-on-the-Lake properties that didn't sell stayed on the market 123.8% longer than 509 that sucessfully sold over the last 30 days - 42 days when sold vs 94 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 48.1 days, with 83.3 days for those properties that did not sell.

48 new properties were listed on the market in Niagara-on-the-Lake in the last 30 days (October 24 - November 22). During the same time 509 properties were sold and 912 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 1373 properties (or 2,860.4%).

During the previous 30 day period (September 24 - October 23) there were 48 new properties listed, 49 sold and 85 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was May with 58 new properties listed, the slowest - December with 7 new listings and a yearly average of 39 new listings per month.

There were a total of 44 homes listed during the last 30 days (October 24 - November 22), which is 91.7% of all properties listed in Niagara-on-the-Lake. This is a 10.0% increase compared with a previous 30 day period (September 24 - October 23) and 76.0% up from the same period a year ago. Over the past year an average of 32 homes are were listed per month.

4 townhomes were listed over the last 30 days (October 24 - November 22) in Niagara-on-the-Lake, which is 8.3% of all new real estate inventory. This is a 20.0% less than during the previous 30 day period (September 24 - October 23) and 20.0% 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 416 homes sold during the last 30 days (October 24 - November 22), which is 81.7% of all properties sold in Niagara-on-the-Lake. This is a 890.5% increase compared with a previous 30 day period (September 24 - October 23) and 6,833.3% up from the same period a year ago. Over the past year an average of 106 homes are were sold per month.

82 townhomes were sold over the last 30 days (October 24 - November 22) in Niagara-on-the-Lake, which is 16.1% of all sold real estate. This is a 1,071.4% more than during the previous 30 day period (September 24 - October 23) and 2,633.3% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 29 a month.