Niagara Falls Real Estate Statistics

Niagara Falls real estate average sold price in the last 30 days (March 20 - April 18) was $658,873, which is $32,999 (5.0%) higher than the average price of $625,874 in the previous 30 day period (February 19 - March 19), and $33,032 (5.0%) down from the same period 1 year ago ($691,905). Niagara Falls real estate prices over the last 30 days are also $8,116 (1.2%) higher than the average selling price of $650,757 over the past year.

Niagara Falls average sold price for homes was $667,482 in the last 30 days (March 20 - April 18), which is $5,819 (0.9%) down from the average home price of $673,301 in the previous 30 day period (February 19 - March 19), and $64,777 (9.7%) lower than the same period 1 year ago ($732,259). In the last 30 days Niagara Falls the average home price was $1,296 (0.2%) higher than the average selling price of $666,186 over the last 12 months.

Average Niagara Falls condo sold price over the last 30 days (March 20 - April 18) was $485,000. During this period it was $15,487 (3.2%) down from the average price of condo of $500,487 during the previous 30 days (February 19 - March 19), and $33,000 (6.8%) lower compared to the same period 1 year ago ($518,000). In the last 30 days Niagara Falls the average condo price was $102,581 (21.2%) higher than the average selling price of $382,419 over the last year.

Average sold price of Niagara Falls townhouse was $655,050 in the last 30 days (March 20 - April 18), up $126,908 (19.4%) from the average townhome price of $528,142 over the previous 30 days (February 19 - March 19), and $65,550 (10.0%) higher than during to the same period 1 year ago ($589,500). Over the last 30 days the average townhouse price in Niagara Falls was $32,010 (4.9%) higher compared to the average selling price of $623,040 over the last 12 months.

Average selling price for Niagara Falls real estate was $658,873 in the last 30 days (March 20 - April 18), which is collectively $19,383 (2.6%) lower than the average asking price of $743,291. This represents a decline of $2,731 (16.4%) compared to $16,652 (2.3%) Sold-Under-Asking price from the previous 30 day period (February 19 - March 19).

The maximum Sold Over/Under Asking ratio in Niagara Falls during the last 12 months was recorded in July, 2023 with an average of $9,742 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 58.7% with 105 properties sold and 165 new properties listed in the past 30 days (March 20 - April 18). This represents an increase from 43.6% recorded during the previous 30 day period (February 19 - March 19), and a decrease from 61.6% compared to the same period one year ago.

Over the the last year the highest SNLR in Niagara Falls was 59.3% recorded in May and the lowest was in September at 29.1%. 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 105 properties that were successfully sold in Niagara Falls in the last 30 days (March 20 - April 18) was 34 days, which is 8 days less than 42 days average in the previous 30 day period (February 19 - March 19) and 3 days shorter than during the same period a year ago (37 days).

There were 109 delisted properties in Niagara Falls, those that got either Expired, Suspended or Terminated over the last 30 days (March 20 - April 18) with an average of 67 days on the market. This is 4 days shorter than the average of 71 days during the previous 30 day period (February 19 - March 19) and 5 days less compared to the same period last year average of 72 days on the market.

109 Niagara Falls properties that didn't sell stayed on the market 97.1% longer than 105 that sucessfully sold over the last 30 days - 34 days when sold vs 67 days when delisted respectively.

Average Days on the Market in Niagara Falls over the past 12 months for properties that have sold was 33.7 days, with 65.7 days for those properties that did not sell.

179 new properties were listed on the market in Niagara Falls in the last 30 days (March 20 - April 18). During the same time 105 properties were sold and 109 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 35 properties (or 19.6%).

During the previous 30 day period (February 19 - March 19) there were 165 new properties listed, 72 sold and 92 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was June with 187 new properties listed, the slowest - December with 67 new listings and a yearly average of 143 new listings per month.

There were a total of 131 homes listed during the last 30 days (March 20 - April 18), which is 73.2% of all properties listed in Niagara Falls. This is a 3.1% increase compared with a previous 30 day period (February 19 - March 19) and 56.0% up from the same period a year ago. Over the past year an average of 109 homes are were listed per month.

8 condo units were listed in the last 30 days (March 20 - April 18) in Niagara Falls, which represents 4.5% of all new listings. This is down 27.3% from the prior 30 day period (February 19 - March 19) and 33.3% less compared to the same period last year. There were 9 condos listed per month on average during the last 12 months.

40 townhomes were listed over the last 30 days (March 20 - April 18) in Niagara Falls, which is 22.3% of all new real estate inventory. This is a 48.1% more than during the previous 30 day period (February 19 - March 19) and 150.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 25 a month.

There were a total of 87 homes sold during the last 30 days (March 20 - April 18), which is 82.9% of all properties sold in Niagara Falls. This is a 74.0% increase compared with a previous 30 day period (February 19 - March 19) and 67.3% up from the same period a year ago. Over the past year an average of 50 homes are were sold per month.

4 condo units were sold in the last 30 days (March 20 - April 18) in Niagara Falls, which represents 3.8% of all sold properties. This is down 50.0% from the prior 30 day period (February 19 - March 19) and 20.0% less compared to the same period last year. There were 3 condos sold per month on average during the last 12 months.

14 townhomes were sold over the last 30 days (March 20 - April 18) in Niagara Falls, which is 13.3% of all sold real estate. This is a 0.0% less than during the previous 30 day period (February 19 - March 19) and 16.7% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 9 a month.