Niagara Falls Real Estate Trends
Nestled beside the world-famous Niagara Falls, the real estate market in this captivating city is as dynamic as the natural wonder that graces its borders. Explore the nuances of the real estate landscape, where homes, townhomes, and condos create a tapestry of choices, each unique and promising.
Rcent, Niagara-falls MLS® statistics indicate an average house price of $878k and 290 new listings in the last 28 days. The Niagara-falls housing recent data shows median days on the market for a home is 15 days.
1. Listings on the Market:
Niagara Falls real estate market has 487 home listing, providing a diverse array of choices for potential buyers. The Niagara Falls townhome market boasts 116 listings, reflecting a growing preference for this housing style. While Condos, with 64 listings, offer a range of contemporary living options.
2. Average Listing Price in the Last 3 Months:
Homes in Niagara Falls have an average $825.2K listing price, demonstrating a harmonious blend of luxury and accessibility. Townhomes, with an average listing price of $734.3K, show a 6.96% increase, meeting evolving buyer preferences. While Condos maintain a stable listing price of $504.4K, catering to a broad spectrum of potential residents.
3. Change in Average Listing Price:
Homes experienced a modest 2.57% increase in average listing prices, signaling a period of stability and growth.
Townhomes, with a notable 6.96% increase, showcase a competitive and desirable market.
Condos, maintaining a steady average listing price, exhibit resilience and consistent appeal.
4. Average SOLD Price in the Last 3 Months:
Homes achieve an average SOLD price of $700.7K, reflecting a balanced market for both sellers and buyers. Townhomes, with an average SOLD price of $656.2K and a 4.95% increase, highlight sustained market desirability. If we talk about condos then an average SOLD price of $473.9K, presents an affordable and attractive option for various buyers.
5. Change in Average SOLD Price:
A 1.08% increase in the average SOLD price for homes signifies positive momentum in the market. Townhomes, with a 4.95% increase in average SOLD prices, underscore sustained desirability. While Condos, maintaining a stable average SOLD price, indicate sustained market interest and competitiveness.
Inventory & SOLD Statistics:
In the backdrop of Niagara Falls’ allure, the real estate market reveals a narrative of 627 new listings, and 93 homes sold in the last 60 days, a testament to its pulse.
Townhomes, in their rhythm, contribute 136 new listings and 21 homes sold, dancing in tandem with a remarkable 99.84% selling-to-listing price ratio.
Condos, the subtle choreographers, mark 54 new listings, 5 homes sold, and a nuanced 99.62% selling-to-listing price ratio, weaving an intricate tale of supply and demand in this enchanting city.
Real Estate Market Trends and Average Listings Price in Niagara Falls in February
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