Niagara Falls Real Estate Statistics

Niagara Falls real estate average sold price in the last 30 days (October 21 - November 19) was $575,835, which is $100,925 (17.5%) lower than the average price of $676,760 in the previous 30 day period (September 21 - October 20), and $68,219 (11.8%) down from the same period 1 year ago ($644,054). Niagara Falls real estate prices over the last 30 days are also $71,085 (12.3%) lower than the average selling price of $646,920 over the past year.

Niagara Falls average sold price for homes was $578,046 in the last 30 days (October 21 - November 19), which is $112,807 (19.5%) down from the average home price of $690,853 in the previous 30 day period (September 21 - October 20), and $85,339 (14.8%) lower than the same period 1 year ago ($663,385). In the last 30 days Niagara Falls the average home price was $83,047 (14.4%) lower than the average selling price of $661,093 over the last 12 months.

Average Niagara Falls condo sold price over the last 30 days (October 21 - November 19) was $461,177. During this period it was $68,823 (14.9%) down from the average price of condo of $530,000 during the previous 30 days (September 21 - October 20), and $61,277 (13.3%) higher compared to the same period 1 year ago ($399,900). In the last 30 days Niagara Falls the average condo price was $4,416 (1.0%) higher than the average selling price of $456,761 over the last year.

Average sold price of Niagara Falls townhouse was $585,797 in the last 30 days (October 21 - November 19), up $12,797 (2.2%) from the average townhome price of $573,000 over the previous 30 days (September 21 - October 20), and $8,897 (1.5%) higher than during to the same period 1 year ago ($576,900). Over the last 30 days the average townhouse price in Niagara Falls was $5,059 (0.9%) lower compared to the average selling price of $590,856 over the last 12 months.

Average selling price for Niagara Falls real estate was $575,835 in the last 30 days (October 21 - November 19), which is collectively $13,462 (1.9%) lower than the average asking price of $711,682. This represents an increase of $10,578 (44.0%) compared to $24,040 (3.1%) Sold-Under-Asking price from the previous 30 day period (September 21 - October 20).

The maximum Sold Over/Under Asking ratio in Niagara Falls during the last 12 months was recorded in May, 2024 with an average of $11,856 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 1,576.1% with 2,506 properties sold and 179 new properties listed in the past 30 days (October 21 - November 19). This represents an increase from 40.8% recorded during the previous 30 day period (September 21 - October 20), and an increase from 29.0% compared to the same period one year ago.

Over the the last year the highest SNLR in Niagara Falls was 3,303.8% recorded in August and the lowest was in November at 31.5%. 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 2,506 properties that were successfully sold in Niagara Falls in the last 30 days (October 21 - November 19) was 31 days, which is 16 days less than 47 days average in the previous 30 day period (September 21 - October 20) and 0 days longer than during the same period a year ago (31 days).

There were 2,510 delisted properties in Niagara Falls, those that got either Expired, Suspended or Terminated over the last 30 days (October 21 - November 19) with an average of 79 days on the market. This is 4 days shorter than the average of 83 days during the previous 30 day period (September 21 - October 20) and 7 days more compared to the same period last year average of 72 days on the market.

2,510 Niagara Falls properties that didn't sell stayed on the market 154.8% longer than 2,506 that sucessfully sold over the last 30 days - 31 days when sold vs 79 days when delisted respectively.

Average Days on the Market in Niagara Falls over the past 12 months for properties that have sold was 37.2 days, with 75.5 days for those properties that did not sell.

159 new properties were listed on the market in Niagara Falls in the last 30 days (October 21 - November 19). During the same time 2,506 properties were sold and 2,510 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 4857 properties (or 3,054.7%).

During the previous 30 day period (September 21 - October 20) there were 179 new properties listed, 73 sold and 139 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was July with 206 new properties listed, the slowest - December with 67 new listings and a yearly average of 157 new listings per month.

There were a total of 116 homes listed during the last 30 days (October 21 - November 19), which is 73.0% of all properties listed in Niagara Falls. This is a 23.2% decline compared with a previous 30 day period (September 21 - October 20) and 26.1% up from the same period a year ago. Over the past year an average of 121 homes are were listed per month.

9 condo units were listed in the last 30 days (October 21 - November 19) in Niagara Falls, which represents 5.7% of all new listings. This is up 28.6% from the prior 30 day period (September 21 - October 20) and 28.6% more compared to the same period last year. There were 10 condos listed per month on average during the last 12 months.

34 townhomes were listed over the last 30 days (October 21 - November 19) in Niagara Falls, which is 21.4% of all new real estate inventory. This is a 61.9% more than during the previous 30 day period (September 21 - October 20) and 36.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 27 a month.

There were a total of 2,240 homes sold during the last 30 days (October 21 - November 19), which is 89.4% of all properties sold in Niagara Falls. This is a 3,346.2% increase compared with a previous 30 day period (September 21 - October 20) and 7,366.7% up from the same period a year ago. Over the past year an average of 490 homes are were sold per month.

61 condo units were sold in the last 30 days (October 21 - November 19) in Niagara Falls, which represents 2.4% of all sold properties. This is up 2,950.0% from the prior 30 day period (September 21 - October 20) and 6,000.0% more compared to the same period last year. There were 24 condos sold per month on average during the last 12 months.

205 townhomes were sold over the last 30 days (October 21 - November 19) in Niagara Falls, which is 8.2% of all sold real estate. This is a 3,316.7% more than during the previous 30 day period (September 21 - October 20) and 4,000.0% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 74 a month.