Niagara-on-the-Lake Real Estate Statistics
Niagara-on-the-Lake Real Estate Price Trend
Niagara-on-the-Lake real estate average sold price in the last 30 days (January 21 - February 19) was $995,452, which is $153,055 (15.4%) lower than the average price of $1,148,507 in the previous 30 day period (December 22 - January 20), and $49,395 (5.0%) up from the same period 1 year ago ($946,057). Niagara-on-the-Lake real estate prices over the last 30 days are also $47,360 (4.8%) lower than the average selling price of $1,042,812 over the past year.
Niagara-on-the-Lake average sold price for homes was $930,812 in the last 30 days (January 21 - February 19), which is $217,695 (23.4%) down from the average home price of $1,148,507 in the previous 30 day period (December 22 - January 20), and $141,038 (15.2%) lower than the same period 1 year ago ($1,071,850). In the last 30 days Niagara-on-the-Lake the average home price was $157,464 (16.9%) lower than the average selling price of $1,088,276 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Niagara-on-the-Lake real estate was $995,452 in the last 30 days (January 21 - February 19), which is collectively $30,874 (2.6%) lower than the average asking price of $1,179,810. This represents a decline of $8,132 (35.8%) compared to $22,742 (1.4%) Sold-Under-Asking price from the previous 30 day period (December 22 - January 20).
The maximum Sold Over/Under Asking ratio in Niagara-on-the-Lake during the last 12 months was recorded in January, 2025 with an average of $1,783 over the asking price, while the minimum occurring in April, 2024 with $48,613 below the asking price.
Sales to New Listings Ratio
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 19.3% with 11 properties sold and 66 new properties listed in the past 30 days (January 21 - February 19). This represents an increase from 12.1% recorded during the previous 30 day period (December 22 - January 20), and an increase from 18.9% 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 January at 13.7%. 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.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 11 properties that were successfully sold in Niagara-on-the-Lake in the last 30 days (January 21 - February 19) was 94 days, which is 21 days more than 73 days average in the previous 30 day period (December 22 - January 20) and 25 days longer than during the same period a year ago (69 days).
There were 35 delisted properties in Niagara-on-the-Lake, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 99 days on the market. This is 3 days shorter than the average of 102 days during the previous 30 day period (December 22 - January 20) and 2 days more compared to the same period last year average of 97 days on the market.
35 Niagara-on-the-Lake properties that didn't sell stayed on the market 5.3% longer than 11 that sucessfully sold over the last 30 days - 94 days when sold vs 99 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 43.9 days, with 85.7 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
57 new properties were listed on the market in Niagara-on-the-Lake in the last 30 days (January 21 - February 19). During the same time 11 properties were sold and 35 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 11 properties (or 19.3%).
During the previous 30 day period (December 22 - January 20) there were 66 new properties listed, 8 sold and 74 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was January with 73 new properties listed, the slowest - December with 19 new listings and a yearly average of 45 new listings per month.
New Real Estate Listings by Property Type
There were a total of 41 homes listed during the last 30 days (January 21 - February 19), which is 71.9% of all properties listed in Niagara-on-the-Lake. This is a 22.6% decline compared with a previous 30 day period (December 22 - January 20) and 28.1% up from the same period a year ago. Over the past year an average of 37 homes are were listed per month.
3 condo units were listed in the last 30 days (January 21 - February 19) in Niagara-on-the-Lake, which represents 5.3% of all new listings. This is up 50.0% from the prior 30 day period (December 22 - January 20) and 200.0% more compared to the same period last year. There were 2 condos listed per month on average during the last 12 months.
13 townhomes were listed over the last 30 days (January 21 - February 19) in Niagara-on-the-Lake, which is 22.8% of all new real estate inventory. This is a 18.2% more than during the previous 30 day period (December 22 - January 20) and 225.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 7 a month.
Real Estate Sales by Property Type
There were a total of 8 homes sold during the last 30 days (January 21 - February 19), which is 72.7% of all properties sold in Niagara-on-the-Lake. This is a 0.0% decline compared with a previous 30 day period (December 22 - January 20) and 100.0% up from the same period a year ago. Over the past year an average of 181 homes are were sold per month.