Niagara Falls Real Estate Statistics

Niagara Falls real estate average sold price in the last 30 days (March 26 - April 24) was $656,532, which is $9,947 (1.5%) higher than the average price of $646,585 in the previous 30 day period (February 25 - March 25), and $55,697 (8.5%) down from the same period 1 year ago ($712,229). Niagara Falls real estate prices over the last 30 days are also $5,775 (0.9%) higher than the average selling price of $650,757 over the past year.

Niagara Falls average sold price for homes was $668,123 in the last 30 days (March 26 - April 24), which is $34,338 (5.1%) down from the average home price of $702,461 in the previous 30 day period (February 25 - March 25), and $70,831 (10.6%) lower than the same period 1 year ago ($738,954). In the last 30 days Niagara Falls the average home price was $1,937 (0.3%) higher than the average selling price of $666,186 over the last 12 months.

Average Niagara Falls condo sold price over the last 30 days (March 26 - April 24) was $452,500. During this period it was $47,987 (10.6%) down from the average price of condo of $500,487 during the previous 30 days (February 25 - March 25), and $65,500 (14.5%) lower compared to the same period 1 year ago ($518,000). In the last 30 days Niagara Falls the average condo price was $70,081 (15.5%) higher than the average selling price of $382,419 over the last year.

Average sold price of Niagara Falls townhouse was $635,986 in the last 30 days (March 26 - April 24), up $124,820 (19.6%) from the average townhome price of $511,166 over the previous 30 days (February 25 - March 25), and $34,680 (5.5%) lower than during to the same period 1 year ago ($670,666). Over the last 30 days the average townhouse price in Niagara Falls was $12,946 (2.0%) higher compared to the average selling price of $623,040 over the last 12 months.

Average selling price for Niagara Falls real estate was $656,532 in the last 30 days (March 26 - April 24), which is collectively $21,240 (2.9%) lower than the average asking price of $733,694. This represents a decline of $5,952 (38.9%) compared to $15,288 (2.1%) Sold-Under-Asking price from the previous 30 day period (February 25 - March 25).

The maximum Sold Over/Under Asking ratio in Niagara Falls during the last 12 months was recorded in July, 2023 with an average of $9,742 under the asking price, while the minimum occurring in January, 2024 with $28,057 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 Falls was 63.7% with 116 properties sold and 168 new properties listed in the past 30 days (March 26 - April 24). This represents an increase from 41.7% recorded during the previous 30 day period (February 25 - March 25), and an increase from 60.0% compared to the same period one year ago.

Over the the last year the highest SNLR in Niagara Falls was 59.3% recorded in May and the lowest was in September at 29.1%. 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 116 properties that were successfully sold in Niagara Falls in the last 30 days (March 26 - April 24) was 36 days, which is 2 days more than 34 days average in the previous 30 day period (February 25 - March 25) and 2 days longer than during the same period a year ago (34 days).

There were 121 delisted properties in Niagara Falls, those that got either Expired, Suspended or Terminated over the last 30 days (March 26 - April 24) with an average of 57 days on the market. This is 14 days shorter than the average of 71 days during the previous 30 day period (February 25 - March 25) and 17 days less compared to the same period last year average of 74 days on the market.

121 Niagara Falls properties that didn't sell stayed on the market 58.3% longer than 116 that sucessfully sold over the last 30 days - 36 days when sold vs 57 days when delisted respectively.

Average Days on the Market in Niagara Falls over the past 12 months for properties that have sold was 33.7 days, with 65.7 days for those properties that did not sell.

182 new properties were listed on the market in Niagara Falls in the last 30 days (March 26 - April 24). During the same time 116 properties were sold and 121 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 55 properties (or 30.2%).

During the previous 30 day period (February 25 - March 25) there were 168 new properties listed, 70 sold and 88 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was June with 187 new properties listed, the slowest - December with 67 new listings and a yearly average of 143 new listings per month.

There were a total of 132 homes listed during the last 30 days (March 26 - April 24), which is 72.5% of all properties listed in Niagara Falls. This is a 5.6% increase compared with a previous 30 day period (February 25 - March 25) and 46.7% up from the same period a year ago. Over the past year an average of 109 homes are were listed per month.

18 condo units were listed in the last 30 days (March 26 - April 24) in Niagara Falls, which represents 9.9% of all new listings. This is up 80.0% from the prior 30 day period (February 25 - March 25) and 38.5% more compared to the same period last year. There were 9 condos listed per month on average during the last 12 months.

32 townhomes were listed over the last 30 days (March 26 - April 24) in Niagara Falls, which is 17.6% of all new real estate inventory. This is a 3.0% less than during the previous 30 day period (February 25 - March 25) and 88.2% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 25 a month.

There were a total of 97 homes sold during the last 30 days (March 26 - April 24), which is 83.6% of all properties sold in Niagara Falls. This is a 94.0% increase compared with a previous 30 day period (February 25 - March 25) and 76.4% up from the same period a year ago. Over the past year an average of 50 homes are were sold per month.

4 condo units were sold in the last 30 days (March 26 - April 24) in Niagara Falls, which represents 3.4% of all sold properties. This is down 50.0% from the prior 30 day period (February 25 - March 25) and 20.0% less compared to the same period last year. There were 3 condos sold per month on average during the last 12 months.

15 townhomes were sold over the last 30 days (March 26 - April 24) in Niagara Falls, which is 12.9% of all sold real estate. This is a 25.0% more than during the previous 30 day period (February 25 - March 25) and 25.0% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 9 a month.