Niagara Falls Real Estate Statistics

Niagara Falls real estate average sold price in the last 30 days (October 14 - November 12) was $640,609, which is $13,715 (2.1%) lower than the average price of $654,324 in the previous 30 day period (September 14 - October 13), and $3,538 (0.6%) up from the same period 1 year ago ($637,071). Niagara Falls real estate prices over the last 30 days are also $6,311 (1.0%) lower than the average selling price of $646,920 over the past year.

Niagara Falls average sold price for homes was $658,650 in the last 30 days (October 14 - November 12), which is $11,198 (1.7%) down from the average home price of $669,848 in the previous 30 day period (September 14 - October 13), and $2,781 (0.4%) higher than the same period 1 year ago ($655,869). In the last 30 days Niagara Falls the average home price was $2,443 (0.4%) 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 14 - November 12) was $477,279. During this period it was $18,279 (3.8%) up from the average price of condo of $459,000 during the previous 30 days (September 14 - October 13), and $126,329 (26.5%) higher compared to the same period 1 year ago ($350,950). In the last 30 days Niagara Falls the average condo price was $20,518 (4.3%) higher than the average selling price of $456,761 over the last year.

Average sold price of Niagara Falls townhouse was $577,515 in the last 30 days (October 14 - November 12), up $28,849 (5.0%) from the average townhome price of $548,666 over the previous 30 days (September 14 - October 13), and $41,797 (7.2%) lower than during to the same period 1 year ago ($619,312). Over the last 30 days the average townhouse price in Niagara Falls was $13,341 (2.3%) lower compared to the average selling price of $590,856 over the last 12 months.

Average selling price for Niagara Falls real estate was $640,609 in the last 30 days (October 14 - November 12), which is collectively $18,208 (2.6%) lower than the average asking price of $708,677. This represents an increase of $1,774 (8.9%) compared to $19,982 (2.6%) Sold-Under-Asking price from the previous 30 day period (September 14 - October 13).

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 626.9% with 909 properties sold and 179 new properties listed in the past 30 days (October 14 - November 12). This represents an increase from 41.3% recorded during the previous 30 day period (September 14 - October 13), and an increase from 34.8% 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 909 properties that were successfully sold in Niagara Falls in the last 30 days (October 14 - November 12) was 35 days, which is 7 days less than 42 days average in the previous 30 day period (September 14 - October 13) and 7 days longer than during the same period a year ago (28 days).

There were 1,190 delisted properties in Niagara Falls, those that got either Expired, Suspended or Terminated over the last 30 days (October 14 - November 12) with an average of 78 days on the market. This is 14 days shorter than the average of 92 days during the previous 30 day period (September 14 - October 13) and 6 days more compared to the same period last year average of 72 days on the market.

1,190 Niagara Falls properties that didn't sell stayed on the market 122.9% longer than 909 that sucessfully sold over the last 30 days - 35 days when sold vs 78 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.

145 new properties were listed on the market in Niagara Falls in the last 30 days (October 14 - November 12). During the same time 909 properties were sold and 1,190 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 1954 properties (or 1,347.6%).

During the previous 30 day period (September 14 - October 13) there were 179 new properties listed, 74 sold and 161 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 106 homes listed during the last 30 days (October 14 - November 12), which is 73.1% of all properties listed in Niagara Falls. This is a 31.2% decline compared with a previous 30 day period (September 14 - October 13) and 1.0% up from the same period a year ago. Over the past year an average of 121 homes are were listed per month.

6 condo units were listed in the last 30 days (October 14 - November 12) in Niagara Falls, which represents 4.1% of all new listings. This is down 14.3% from the prior 30 day period (September 14 - October 13) and 25.0% less compared to the same period last year. There were 10 condos listed per month on average during the last 12 months.

33 townhomes were listed over the last 30 days (October 14 - November 12) in Niagara Falls, which is 22.8% of all new real estate inventory. This is a 83.3% more than during the previous 30 day period (September 14 - October 13) and 32.0% 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 760 homes sold during the last 30 days (October 14 - November 12), which is 83.6% of all properties sold in Niagara Falls. This is a 1,051.5% increase compared with a previous 30 day period (September 14 - October 13) and 1,900.0% up from the same period a year ago. Over the past year an average of 490 homes are were sold per month.

43 condo units were sold in the last 30 days (October 14 - November 12) in Niagara Falls, which represents 4.7% of all sold properties. This is up 2,050.0% from the prior 30 day period (September 14 - October 13) and 2,050.0% more compared to the same period last year. There were 24 condos sold per month on average during the last 12 months.

106 townhomes were sold over the last 30 days (October 14 - November 12) in Niagara Falls, which is 11.7% of all sold real estate. This is a 1,666.7% more than during the previous 30 day period (September 14 - October 13) and 1,225.0% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 74 a month.