Newmarket Real Estate Statistics

Newmarket Real Estate Price Trend
Newmarket real estate average sold price in the last 30 days (February 17 - March 17) was $1,195,950, which is $18,490 (1.5%) higher than the average price of $1,177,460 in the previous 30 day period (January 18 - February 16), and $57,471 (4.8%) up from the same period 1 year ago ($1,138,479). Newmarket real estate prices over the last 30 days are also $66,583 (5.6%) higher than the average selling price of $1,129,367 over the past year.
Newmarket average sold price for homes was $1,313,106 in the last 30 days (February 17 - March 17), which is $23,066 (1.8%) up from the average home price of $1,290,040 in the previous 30 day period (January 18 - February 16), and $98,223 (7.5%) higher than the same period 1 year ago ($1,214,883). In the last 30 days Newmarket the average home price was $88,218 (6.7%) higher than the average selling price of $1,224,888 over the last 12 months.
Average Newmarket condo sold price over the last 30 days (February 17 - March 17) was $581,875. During this period it was $42,125 (7.2%) down from the average price of condo of $624,000 during the previous 30 days (January 18 - February 16), and $26,625 (4.6%) higher compared to the same period 1 year ago ($555,250). In the last 30 days Newmarket the average condo price was $33,563 (5.8%) lower than the average selling price of $615,438 over the last year.
Average sold price of Newmarket townhouse was $978,000 in the last 30 days (February 17 - March 17), up $63,737 (6.5%) from the average townhome price of $914,263 over the previous 30 days (January 18 - February 16), and $48,353 (4.9%) higher than during to the same period 1 year ago ($929,647). Over the last 30 days the average townhouse price in Newmarket was $71,638 (7.3%) higher compared to the average selling price of $906,362 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Newmarket real estate was $1,195,950 in the last 30 days (February 17 - March 17), which is collectively $32,907 (2.7%) higher than the average asking price of $1,205,714. This represents an increase of $37,279 (852.7%) compared to $4,372 (0.4%) Sold-Under-Asking price from the previous 30 day period (January 18 - February 16).
The maximum Sold Over/Under Asking ratio in Newmarket during the last 12 months was recorded in May, 2023 with an average of $69,344 over the asking price, while the minimum occurring in December, 2023 with $30,585 below the asking price.
Sales to New Listings Ratio
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 Newmarket was 67.5% with 110 properties sold and 129 new properties listed in the past 30 days (February 17 - March 17). This represents a decrease from 72.1% recorded during the previous 30 day period (January 18 - February 16), and a decrease from 77.8% compared to the same period one year ago.
Over the the last year the highest SNLR in Newmarket was 300.6% recorded in July and the lowest was in September at 31.7%. 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.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 110 properties that were successfully sold in Newmarket in the last 30 days (February 17 - March 17) was 21 days, which is 3 days less than 24 days average in the previous 30 day period (January 18 - February 16) and 10 days longer than during the same period a year ago (11 days).
There were 64 delisted properties in Newmarket, those that got either Expired, Suspended or Terminated over the last 30 days (February 17 - March 17) with an average of 57 days on the market. This is 2 days longer than the average of 55 days during the previous 30 day period (January 18 - February 16) and 5 days more compared to the same period last year average of 52 days on the market.
64 Newmarket properties that didn't sell stayed on the market 171.4% longer than 110 that sucessfully sold over the last 30 days - 21 days when sold vs 57 days when delisted respectively.
Average Days on the Market in Newmarket over the past 12 months for properties that have sold was 20.8 days, with 44.8 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
163 new properties were listed on the market in Newmarket in the last 30 days (February 17 - March 17). During the same time 110 properties were sold and 64 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 11 properties (or 6.7%).
During the previous 30 day period (January 18 - February 16) there were 129 new properties listed, 93 sold and 48 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was June with 227 new properties listed, the slowest - December with 50 new listings and a yearly average of 158 new listings per month.
New Real Estate Listings by Property Type
There were a total of 122 homes listed during the last 30 days (February 17 - March 17), which is 74.8% of all properties listed in Newmarket. This is a 20.8% increase compared with a previous 30 day period (January 18 - February 16) and 28.4% up from the same period a year ago. Over the past year an average of 120 homes are were listed per month.
10 condo units were listed in the last 30 days (February 17 - March 17) in Newmarket, which represents 6.1% of all new listings. This is up 42.9% from the prior 30 day period (January 18 - February 16) and 100.0% more compared to the same period last year. There were 7 condos listed per month on average during the last 12 months.
31 townhomes were listed over the last 30 days (February 17 - March 17) in Newmarket, which is 19.0% of all new real estate inventory. This is a 47.6% more than during the previous 30 day period (January 18 - February 16) and 19.2% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 31 a month.
Real Estate Sales by Property Type
There were a total of 81 homes sold during the last 30 days (February 17 - March 17), which is 73.6% of all properties sold in Newmarket. This is a 17.4% increase compared with a previous 30 day period (January 18 - February 16) and 5.2% up from the same period a year ago. Over the past year an average of 99 homes are were sold per month.
8 condo units were sold in the last 30 days (February 17 - March 17) in Newmarket, which represents 7.3% of all sold properties. This is up 60.0% from the prior 30 day period (January 18 - February 16) and 100.0% more compared to the same period last year. There were 6 condos sold per month on average during the last 12 months.
21 townhomes were sold over the last 30 days (February 17 - March 17) in Newmarket, which is 19.1% of all sold real estate. This is a 10.5% more than during the previous 30 day period (January 18 - February 16) and 23.5% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 31 a month.
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