Niagara Falls Real Estate Statistics

Niagara Falls real estate average sold price in the last 30 days (January 21 - February 19) was $563,051, which is $48,663 (8.6%) lower than the average price of $611,714 in the previous 30 day period (December 22 - January 20), and $9,010 (1.6%) down from the same period 1 year ago ($572,061). Niagara Falls real estate prices over the last 30 days are also $65,776 (11.7%) lower than the average selling price of $628,827 over the past year.

Niagara Falls average sold price for homes was $576,872 in the last 30 days (January 21 - February 19), which is $41,064 (7.1%) down from the average home price of $617,936 in the previous 30 day period (December 22 - January 20), and $12,760 (2.2%) higher than the same period 1 year ago ($564,112). In the last 30 days Niagara Falls the average home price was $67,993 (11.8%) lower than the average selling price of $644,865 over the last 12 months.

Average Niagara Falls condo sold price over the last 30 days (January 21 - February 19) was $435,000. During this period it was $190,000 (43.7%) down from the average price of condo of $625,000 during the previous 30 days (December 22 - January 20), and $89,900 (20.7%) lower compared to the same period 1 year ago ($524,900). In the last 30 days Niagara Falls the average condo price was $50,246 (11.6%) lower than the average selling price of $485,246 over the last year.

Average sold price of Niagara Falls townhouse was $509,600 in the last 30 days (January 21 - February 19), down $40,650 (8.0%) from the average townhome price of $550,250 over the previous 30 days (December 22 - January 20), and $108,103 (21.2%) lower than during to the same period 1 year ago ($617,703). Over the last 30 days the average townhouse price in Niagara Falls was $65,213 (12.8%) lower compared to the average selling price of $574,813 over the last 12 months.

Average selling price for Niagara Falls real estate was $563,051 in the last 30 days (January 21 - February 19), which is collectively $16,748 (2.2%) lower than the average asking price of $757,749. This represents a decline of $928 (5.9%) compared to $15,820 (2.2%) Sold-Under-Asking price from the previous 30 day period (December 22 - January 20).

The maximum Sold Over/Under Asking ratio in Niagara Falls during the last 12 months was recorded in December, 2024 with an average of $2,846 under the asking price, while the minimum occurring in October, 2024 with $21,066 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 26.2% with 60 properties sold and 212 new properties listed in the past 30 days (January 21 - February 19). This represents a decrease from 29.7% recorded during the previous 30 day period (December 22 - January 20), and a decrease from 38.0% 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 January at 25.8%. 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 60 properties that were successfully sold in Niagara Falls in the last 30 days (January 21 - February 19) was 45 days, which is 1 days less than 46 days average in the previous 30 day period (December 22 - January 20) and 12 days longer than during the same period a year ago (33 days).

There were 143 delisted properties in Niagara Falls, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 82 days on the market. This is 9 days shorter than the average of 91 days during the previous 30 day period (December 22 - January 20) and 8 days more compared to the same period last year average of 74 days on the market.

143 Niagara Falls properties that didn't sell stayed on the market 82.2% longer than 60 that sucessfully sold over the last 30 days - 45 days when sold vs 82 days when delisted respectively.

Average Days on the Market in Niagara Falls over the past 12 months for properties that have sold was 34.4 days, with 78.1 days for those properties that did not sell.

229 new properties were listed on the market in Niagara Falls in the last 30 days (January 21 - February 19). During the same time 60 properties were sold and 143 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 26 properties (or 11.4%).

During the previous 30 day period (December 22 - January 20) there were 212 new properties listed, 63 sold and 188 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was January with 283 new properties listed, the slowest - December with 84 new listings and a yearly average of 177 new listings per month.

There were a total of 179 homes listed during the last 30 days (January 21 - February 19), which is 78.2% of all properties listed in Niagara Falls. This is a 7.2% increase compared with a previous 30 day period (December 22 - January 20) and 80.8% up from the same period a year ago. Over the past year an average of 137 homes are were listed per month.

12 condo units were listed in the last 30 days (January 21 - February 19) in Niagara Falls, which represents 5.2% of all new listings. This is down 14.3% from the prior 30 day period (December 22 - January 20) and 33.3% more compared to the same period last year. There were 10 condos listed per month on average during the last 12 months.

38 townhomes were listed over the last 30 days (January 21 - February 19) in Niagara Falls, which is 16.6% of all new real estate inventory. This is a 22.6% more than during the previous 30 day period (December 22 - January 20) and 81.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 30 a month.

There were a total of 51 homes sold during the last 30 days (January 21 - February 19), which is 85.0% of all properties sold in Niagara Falls. This is a 7.3% decline compared with a previous 30 day period (December 22 - January 20) and 27.5% up from the same period a year ago. Over the past year an average of 789 homes are were sold per month.

3 condo units were sold in the last 30 days (January 21 - February 19) in Niagara Falls, which represents 5.0% of all sold properties. 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 32 condos sold per month on average during the last 12 months.

6 townhomes were sold over the last 30 days (January 21 - February 19) in Niagara Falls, which is 10.0% of all sold real estate. This is a 0.0% less than during the previous 30 day period (December 22 - January 20) and 25.0% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 99 a month.