Niagara Falls Real Estate Statistics

Niagara Falls real estate average sold price in the last 30 days (November 21 - December 20) was $505,238, which is $70,290 (13.9%) lower than the average price of $575,528 in the previous 30 day period (October 22 - November 20), and $156,935 (31.1%) down from the same period 1 year ago ($662,173). Niagara Falls real estate prices over the last 30 days are also $138,739 (27.5%) lower than the average selling price of $643,977 over the past year.

Niagara Falls average sold price for homes was $504,010 in the last 30 days (November 21 - December 20), which is $73,851 (14.7%) down from the average home price of $577,861 in the previous 30 day period (October 22 - November 20), and $153,938 (30.5%) lower than the same period 1 year ago ($657,948). In the last 30 days Niagara Falls the average home price was $155,404 (30.8%) lower than the average selling price of $659,414 over the last 12 months.

Average Niagara Falls condo sold price over the last 30 days (November 21 - December 20) was $275,000. During this period it was $183,813 (66.8%) down from the average price of condo of $458,813 during the previous 30 days (October 22 - November 20), and $210,000 (76.4%) lower compared to the same period 1 year ago ($485,000). In the last 30 days Niagara Falls the average condo price was $181,538 (66.0%) lower than the average selling price of $456,538 over the last year.

Average sold price of Niagara Falls townhouse was $568,577 in the last 30 days (November 21 - December 20), down $15,848 (2.8%) from the average townhome price of $584,425 over the previous 30 days (October 22 - November 20), and $150,589 (26.5%) lower than during to the same period 1 year ago ($719,166). Over the last 30 days the average townhouse price in Niagara Falls was $12,502 (2.2%) lower compared to the average selling price of $581,078 over the last 12 months.

Average selling price for Niagara Falls real estate was $505,238 in the last 30 days (November 21 - December 20), which is collectively $6,782 (0.9%) lower than the average asking price of $720,349. This represents an increase of $6,578 (49.2%) compared to $13,360 (1.9%) Sold-Under-Asking price from the previous 30 day period (October 22 - November 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 398.9% with 363 properties sold and 159 new properties listed in the past 30 days (November 21 - December 20). This represents a decrease from 1,566.0% recorded during the previous 30 day period (October 22 - November 20), and an increase from 40.0% 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 March at 38.4%. 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.

The Average Days on the Market (DOM) for 363 properties that were successfully sold in Niagara Falls in the last 30 days (November 21 - December 20) was 38 days, which is 6 days more than 32 days average in the previous 30 day period (October 22 - November 20) and 10 days shorter than during the same period a year ago (48 days).

There were 381 delisted properties in Niagara Falls, those that got either Expired, Suspended or Terminated over the last 30 days (November 21 - December 20) with an average of 87 days on the market. This is 5 days longer than the average of 82 days during the previous 30 day period (October 22 - November 20) and 6 days more compared to the same period last year average of 81 days on the market.

381 Niagara Falls properties that didn't sell stayed on the market 128.9% longer than 363 that sucessfully sold over the last 30 days - 38 days when sold vs 87 days when delisted respectively.

Average Days on the Market in Niagara Falls over the past 12 months for properties that have sold was 36.8 days, with 75.4 days for those properties that did not sell.

91 new properties were listed on the market in Niagara Falls in the last 30 days (November 21 - December 20). During the same time 363 properties were sold and 381 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 653 properties (or 717.6%).

During the previous 30 day period (October 22 - November 20) there were 159 new properties listed, 2,490 sold and 2,499 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 70 homes listed during the last 30 days (November 21 - December 20), which is 76.9% of all properties listed in Niagara Falls. This is a 39.7% decline compared with a previous 30 day period (October 22 - November 20) and 7.9% down from the same period a year ago. Over the past year an average of 121 homes are were listed per month.

7 condo units were listed in the last 30 days (November 21 - December 20) in Niagara Falls, which represents 7.7% of all new listings. This is down 22.2% from the prior 30 day period (October 22 - November 20) and 12.5% less compared to the same period last year. There were 9 condos listed per month on average during the last 12 months.

14 townhomes were listed over the last 30 days (November 21 - December 20) in Niagara Falls, which is 15.4% of all new real estate inventory. This is a 58.8% less than during the previous 30 day period (October 22 - November 20) and 54.8% decrease 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 347 homes sold during the last 30 days (November 21 - December 20), which is 95.6% of all properties sold in Niagara Falls. This is a 84.4% decline compared with a previous 30 day period (October 22 - November 20) and 789.7% up from the same period a year ago. Over the past year an average of 670 homes are were sold per month.

2 condo units were sold in the last 30 days (November 21 - December 20) in Niagara Falls, which represents 0.6% of all sold properties. This is down 96.7% from the prior 30 day period (October 22 - November 20) and 100.0% more compared to the same period last year. There were 29 condos sold per month on average during the last 12 months.

14 townhomes were sold over the last 30 days (November 21 - December 20) in Niagara Falls, which is 3.9% of all sold real estate. This is a 93.1% less than during the previous 30 day period (October 22 - November 20) and 133.3% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 90 a month.