Niagara Falls celebrated for its awe-inspiring natural wonders, is not only a global tourist destination but also a dynamic real estate market. Current Niagara-falls MLS® stats indicate an average house price of $878,223 and 290 new listings in the last 28 days. As of today, Niagara-falls housing data shows median days on the market for a home is 15 days.
1. Listings on Market:
Niagara Falls real estate market offers a plethora of housing options, encompassing homes, townhomes, and condos.
Niagara Falls presently boasts 487 homes listed on the market, providing a diverse spectrum of choices for both residents and newcomers. These homes not only offer a sense of comfort but also the promise of a lifestyle deeply connected to the charm of this unique region.
For those who seek townhome living, Niagara Falls offers 116 listings, showcasing the growing allure of this housing style—a harmonious blend of spaciousness and affordability—for those who value both convenience and community living.
Condos represent 64 options for individuals desiring compact and maintenance-free living arrangements, providing a compelling lifestyle choice.
2. Average Listings Price Last month:
The average listing prices for homes, townhomes, and condos over the past three months shed light on the affordability and investment potential of these properties:
The average listing price for homes in the last three months stands at $825.2 thousand, reflecting the enduring allure of Niagara Falls’ residential offerings.
Notably, townhomes have witnessed a robust 6.96% increase in the average listing price during the same period, signifying the growing demand for this housing segment and the recognition of its value. Meanwhile, condos have maintained their affordability in Niagara Falls, with an average listing price of $504.4 thousand in the past three months.
3. Change in Average Listing Price:
Understanding the change in average listing prices unravels the subtleties of market dynamics:
Over the past three months, there has been a discernible 2.57% increase in the average listing price for homes, suggesting a growing market and heightened interest among buyers. Townhomes have experienced a substantial 6.96% increase in the average listing price, indicating a noteworthy uptick in demand and a growing appreciation for this housing category.
4. Average SOLD Price Last month:
Examining the average sold prices for homes, townhomes, and condos in the past three months provides a snapshot of actual transaction values:
Homes in Niagara Falls have seen an average selling price of $700.7 thousand in the last three months, confirming the competitiveness of the market and the attractive returns on investment. Notably, the average sold price for townhomes in the past three months is $656.2 thousand, signifying robust demand and a growing appreciation for this housing category.
The condo market in Niagara Falls has exhibited stability, with no change in the average sold price during the same period.
5. Change in Average SOLD Price:
Analyzing the change in the average sold price offers deeper insights into market dynamics:
The change in the average sold price for homes reflects a modest yet significant 1.08% increase, indicating market stability and a consistent demand for residential properties. Townhomes have witnessed a noteworthy 4.95% increase in the average selling price, underscoring their appeal to buyers and their potential for investment growth. In the realm of condos, the market has maintained its pricing, underlining a stable and predictable environment for this housing category.
Inventory & SOLD Statistics:
In the past 60 days, the Niagara Falls real estate market has demonstrated vitality, with key statistics as follows:
There were 627 new home listings, accompanied by 93 homes sold during this period. The average days on the market for homes stood at 25 days, and the selling-to-listing price ratio was a noteworthy 99.66%. These figures illuminate the competitive and robust nature of Niagara Falls’ home market.
Niagara Falls recorded 136 new townhome listings and 21 townhomes sold in the last 60 days. With an average days on the market of 25 days and a selling-to-listing price ratio of 99.84%, this housing segment showcases efficiency and compelling pricing dynamics.
For condos, there were 54 new listings and 35 condos sold in the last 60 days. The average days on the market for condos was 35 days, and the selling-to-listing price ratio was 99.62%. Condos remain a robust and enduring component of Niagara Falls’ real estate landscape.
Niagara Falls Real Estate Market Trends and Average Listings Price
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