Niagara Falls Real Estate Statistics

Niagara Falls Real Estate Price Trend
Niagara Falls real estate average sold price in the last 30 days (October 27 - November 25) was $823,230, which is $199,875 (24.3 %) higher than the average price of $623,355 in the previous 30 day period (September 27 - October 26), and $274,211 (33.3 %) up from the same period 1 year ago ($549,019). Niagara Falls real estate prices over the last 30 days are also $172,878 (21.0 %) higher than the average selling price of $650,352 over the past year.
Niagara Falls average sold price for homes was $990,083 in the last 30 days (October 27 - November 25), which is $305,993 (30.9 %) up from the average home price of $684,090 in the previous 30 day period (September 27 - October 26), and $423,475 (42.8 %) higher than the same period 1 year ago ($566,608). In the last 30 days Niagara Falls the average home price was $314,738 (31.8 %) higher than the average selling price of $675,345 over the last 12 months.
Average Niagara Falls condo sold price over the last 30 days (October 27 - November 25) was $453,933. During this period it was $51,505 (11.3 %) up from the average price of condo of $402,428 during the previous 30 days (September 27 - October 26), and $74,983 (16.5 %) higher compared to the same period 1 year ago ($378,950). In the last 30 days Niagara Falls the average condo price was $73,650 (16.2 %) higher than the average selling price of $380,283 over the last year.
Average sold price of Niagara Falls townhouse was $930,000 in the last 30 days (October 27 - November 25), up $447,375 (48.1 %) from the average townhome price of $482,625 over the previous 30 days (September 27 - October 26), and $524,020 (56.3 %) higher than during to the same period 1 year ago ($405,980). Over the last 30 days the average townhouse price in Niagara Falls was $370,270 (39.8 %) higher compared to the average selling price of $559,730 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Niagara Falls real estate was $823,230 in the last 30 days (October 27 - November 25), which is collectively $22,118 (3.2 %) lower than the average asking price of $690,282. This represents a decline of $3,125 (16.5 %) compared to $18,993 (2.5 %) Sold-Under-Asking price from the previous 30 day period (September 27 - October 26).
The maximum Sold Over/Under Asking ratio in Niagara Falls during the last 12 months was recorded in March, 2021 with an average of $29,316 over the asking price, while the minimum occurring in October, 2021 with $16,571 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 Falls was 10.4 % with 10 properties sold and 93 new properties listed in the past 30 days (October 27 - November 25). This represents a decrease from 63.4 % recorded during the previous 30 day period (September 27 - October 26), and a decrease from 88.2 % compared to the same period one year ago.
Over the the last year the highest SNLR in Niagara Falls was 202.8 % recorded in December and the lowest was in October at 42.4 %. 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 10 properties that were successfully sold in Niagara Falls in the last 30 days (October 27 - November 25) was 62 days, which is 24 days more than 38 days average in the previous 30 day period (September 27 - October 26) and 42 days longer than during the same period a year ago (20 days).
There were 14 delisted properties in Niagara Falls, those that got either Expired, Suspended or Terminated over the last 30 days (October 27 - November 25) with an average of 89 days on the market. This is 18 days longer than the average of 71 days during the previous 30 day period (September 27 - October 26) and 51 days more compared to the same period last year average of 38 days on the market.
14 Niagara Falls properties that didn't sell stayed on the market 43.5 % longer than 10 that sucessfully sold over the last 30 days - 62 days when sold vs 89 days when delisted respectively.
Average Days on the Market in Niagara Falls over the past 12 months for properties that have sold was 22.4 days, with 46.8 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
96 new properties were listed on the market in Niagara Falls in the last 30 days (October 27 - November 25). During the same time 10 properties were sold and 14 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 72 properties (or 75.0 %).
During the previous 30 day period (September 27 - October 26) there were 93 new properties listed, 59 sold and 24 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was April with 121 new properties listed, the slowest - December with 36 new listings and a yearly average of 83 new listings per month.
New Real Estate Listings by Property Type
There were a total of 84 homes listed during the last 30 days (October 27 - November 25), which is 87.5 % of all properties listed in Niagara Falls. This is a 21.7 % increase compared with a previous 30 day period (September 27 - October 26) and 50.0 % up from the same period a year ago. Over the past year an average of 67 homes are were listed per month.
6 condo units were listed in the last 30 days (October 27 - November 25) in Niagara Falls, which represents 6.2 % of all new listings. This is down 33.3 % from the prior 30 day period (September 27 - October 26) and 33.3 % less compared to the same period last year. There were 6 condos listed per month on average during the last 12 months.
6 townhomes were listed over the last 30 days (October 27 - November 25) in Niagara Falls, which is 6.2 % of all new real estate inventory. This is a 60.0 % less than during the previous 30 day period (September 27 - October 26) and 45.5 % decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 11 a month.
Real Estate Sales by Property Type
There were a total of 6 homes sold during the last 30 days (October 27 - November 25), which is 60.0 % of all properties sold in Niagara Falls. This is a 86.4 % decline compared with a previous 30 day period (September 27 - October 26) and 90.0 % down from the same period a year ago. Over the past year an average of 76 homes are were sold per month.
3 condo units were sold in the last 30 days (October 27 - November 25) in Niagara Falls, which represents 30.0 % of all sold properties. This is down 57.1 % from the prior 30 day period (September 27 - October 26) and 50.0 % more compared to the same period last year. There were 4 condos sold per month on average during the last 12 months.
1 townhomes were sold over the last 30 days (October 27 - November 25) in Niagara Falls, which is 10.0 % of all sold real estate. This is a 87.5 % less than during the previous 30 day period (September 27 - October 26) and 80.0 % decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 11 a month.
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