Newmarket Real Estate Statistics

Newmarket real estate average sold price in the last 30 days (October 21 - November 19) was $1,069,793, which is $12,417 (1.2%) lower than the average price of $1,082,210 in the previous 30 day period (September 21 - October 20), and $28,746 (2.7%) up from the same period 1 year ago ($1,041,047). Newmarket real estate prices over the last 30 days are also $66,458 (6.2%) lower than the average selling price of $1,136,251 over the past year.

Newmarket average sold price for homes was $1,151,564 in the last 30 days (October 21 - November 19), which is $511 (0.0%) up from the average home price of $1,151,053 in the previous 30 day period (September 21 - October 20), and $9,327 (0.8%) lower than the same period 1 year ago ($1,160,891). In the last 30 days Newmarket the average home price was $83,133 (7.2%) lower than the average selling price of $1,234,697 over the last 12 months.

Average Newmarket condo sold price over the last 30 days (October 21 - November 19) was $589,214. During this period it was $77,786 (13.2%) down from the average price of condo of $667,000 during the previous 30 days (September 21 - October 20), and $55,381 (9.4%) higher compared to the same period 1 year ago ($533,833). In the last 30 days Newmarket the average condo price was $46,016 (7.8%) lower than the average selling price of $635,230 over the last year.

Average sold price of Newmarket townhouse was $918,750 in the last 30 days (October 21 - November 19), down $2,002 (0.2%) from the average townhome price of $920,752 over the previous 30 days (September 21 - October 20), and $22,942 (2.5%) lower than during to the same period 1 year ago ($941,692). Over the last 30 days the average townhouse price in Newmarket was $9,214 (1.0%) higher compared to the average selling price of $909,536 over the last 12 months.

Average selling price for Newmarket real estate was $1,069,793 in the last 30 days (October 21 - November 19), which is collectively $22,923 (2.0%) lower than the average asking price of $1,159,235. This represents a decline of $8,224 (55.9%) compared to $14,699 (1.2%) Sold-Under-Asking price from the previous 30 day period (September 21 - October 20).

The maximum Sold Over/Under Asking ratio in Newmarket during the last 12 months was recorded in March, 2024 with an average of $21,073 over the asking price, while the minimum occurring in December, 2023 with $30,585 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 Newmarket was 61.5% with 88 properties sold and 181 new properties listed in the past 30 days (October 21 - November 19). This represents an increase from 48.6% recorded during the previous 30 day period (September 21 - October 20), and an increase from 35.6% compared to the same period one year ago.

Over the the last year the highest SNLR in Newmarket was 140.0% recorded in December and the lowest was in July at 38.9%. 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 88 properties that were successfully sold in Newmarket in the last 30 days (October 21 - November 19) was 28 days, which is 5 days more than 23 days average in the previous 30 day period (September 21 - October 20) and 6 days longer than during the same period a year ago (22 days).

There were 118 delisted properties in Newmarket, those that got either Expired, Suspended or Terminated over the last 30 days (October 21 - November 19) with an average of 55 days on the market. This is 3 days longer than the average of 52 days during the previous 30 day period (September 21 - October 20) and 6 days less compared to the same period last year average of 61 days on the market.

118 Newmarket properties that didn't sell stayed on the market 96.4% longer than 88 that sucessfully sold over the last 30 days - 28 days when sold vs 55 days when delisted respectively.

Average Days on the Market in Newmarket over the past 12 months for properties that have sold was 25.1 days, with 54.3 days for those properties that did not sell.

143 new properties were listed on the market in Newmarket in the last 30 days (October 21 - November 19). During the same time 88 properties were sold and 118 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 63 properties (or 44.1%).

During the previous 30 day period (September 21 - October 20) there were 181 new properties listed, 88 sold and 119 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was April with 241 new properties listed, the slowest - December with 50 new listings and a yearly average of 171 new listings per month.

There were a total of 97 homes listed during the last 30 days (October 21 - November 19), which is 67.8% of all properties listed in Newmarket. This is a 22.4% decline compared with a previous 30 day period (September 21 - October 20) and 20.5% down from the same period a year ago. Over the past year an average of 125 homes are were listed per month.

13 condo units were listed in the last 30 days (October 21 - November 19) in Newmarket, which represents 9.1% of all new listings. This is down 23.5% from the prior 30 day period (September 21 - October 20) and 116.7% more compared to the same period last year. There were 12 condos listed per month on average during the last 12 months.

33 townhomes were listed over the last 30 days (October 21 - November 19) in Newmarket, which is 23.1% of all new real estate inventory. This is a 15.4% less than during the previous 30 day period (September 21 - October 20) and 3.1% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 33 a month.

There were a total of 67 homes sold during the last 30 days (October 21 - November 19), which is 76.1% of all properties sold in Newmarket. This is a 3.1% increase compared with a previous 30 day period (September 21 - October 20) and 81.1% up from the same period a year ago. Over the past year an average of 70 homes are were sold per month.

7 condo units were sold in the last 30 days (October 21 - November 19) in Newmarket, which represents 8.0% of all sold properties. This is up 133.3% from the prior 30 day period (September 21 - October 20) and 16.7% more compared to the same period last year. There were 6 condos sold per month on average during the last 12 months.

14 townhomes were sold over the last 30 days (October 21 - November 19) in Newmarket, which is 15.9% of all sold real estate. This is a 30.0% less than during the previous 30 day period (September 21 - October 20) and 0.0% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 17 a month.