Newmarket Real Estate Statistics

Newmarket real estate average sold price in the last 30 days (March 24 - April 22) was $1,179,492, which is $15,094 (1.3%) higher than the average price of $1,164,398 in the previous 30 day period (February 23 - March 23), and $3,532 (0.3%) down from the same period 1 year ago ($1,183,024). Newmarket real estate prices over the last 30 days are also $51,202 (4.3%) higher than the average selling price of $1,128,290 over the past year.

Newmarket average sold price for homes was $1,302,483 in the last 30 days (March 24 - April 22), which is $5,283 (0.4%) up from the average home price of $1,297,200 in the previous 30 day period (February 23 - March 23), and $19,865 (1.5%) higher than the same period 1 year ago ($1,282,618). In the last 30 days Newmarket the average home price was $74,561 (5.7%) higher than the average selling price of $1,227,922 over the last 12 months.

Average Newmarket condo sold price over the last 30 days (March 24 - April 22) was $683,090. During this period it was $105,590 (15.5%) up from the average price of condo of $577,500 during the previous 30 days (February 23 - March 23), and $95,948 (14.0%) higher compared to the same period 1 year ago ($587,142). In the last 30 days Newmarket the average condo price was $71,962 (10.5%) higher than the average selling price of $611,128 over the last year.

Average sold price of Newmarket townhouse was $896,601 in the last 30 days (March 24 - April 22), down $31,504 (3.5%) from the average townhome price of $928,105 over the previous 30 days (February 23 - March 23), and $101,041 (11.3%) lower than during to the same period 1 year ago ($997,642). Over the last 30 days the average townhouse price in Newmarket was $6,726 (0.8%) lower compared to the average selling price of $903,327 over the last 12 months.

Average selling price for Newmarket real estate was $1,179,492 in the last 30 days (March 24 - April 22), which is collectively $6,494 (0.5%) higher than the average asking price of $1,255,998. This represents a decline of $19,549 (75.1%) compared to $26,043 (2.2%) Sold-Over-Asking price from the previous 30 day period (February 23 - March 23).

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 (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 81.7% with 161 properties sold and 189 new properties listed in the past 30 days (March 24 - April 22). This represents an increase from 56.6% recorded during the previous 30 day period (February 23 - March 23), and a decrease from 82.2% 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.

The Average Days on the Market (DOM) for 161 properties that were successfully sold in Newmarket in the last 30 days (March 24 - April 22) was 21 days, which is 2 days less than 23 days average in the previous 30 day period (February 23 - March 23) and 6 days longer than during the same period a year ago (15 days).

There were 95 delisted properties in Newmarket, those that got either Expired, Suspended or Terminated over the last 30 days (March 24 - April 22) with an average of 46 days on the market. This is 8 days shorter than the average of 54 days during the previous 30 day period (February 23 - March 23) and 7 days more compared to the same period last year average of 39 days on the market.

95 Newmarket properties that didn't sell stayed on the market 119.0% longer than 161 that sucessfully sold over the last 30 days - 21 days when sold vs 46 days when delisted respectively.

Average Days on the Market in Newmarket over the past 12 months for properties that have sold was 21.5 days, with 45.8 days for those properties that did not sell.

197 new properties were listed on the market in Newmarket in the last 30 days (March 24 - April 22). During the same time 161 properties were sold and 95 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 59 properties (or 29.9%).

During the previous 30 day period (February 23 - March 23) there were 189 new properties listed, 107 sold and 67 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 161 new listings per month.

There were a total of 155 homes listed during the last 30 days (March 24 - April 22), which is 78.7% of all properties listed in Newmarket. This is a 6.9% increase compared with a previous 30 day period (February 23 - March 23) and 19.2% up from the same period a year ago. Over the past year an average of 122 homes are were listed per month.

12 condo units were listed in the last 30 days (March 24 - April 22) in Newmarket, which represents 6.1% of all new listings. This is down 0.0% from the prior 30 day period (February 23 - March 23) and 71.4% more compared to the same period last year. There were 8 condos listed per month on average during the last 12 months.

30 townhomes were listed over the last 30 days (March 24 - April 22) in Newmarket, which is 15.2% of all new real estate inventory. This is a 6.2% less than during the previous 30 day period (February 23 - March 23) and 50.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 31 a month.

There were a total of 118 homes sold during the last 30 days (March 24 - April 22), which is 73.3% of all properties sold in Newmarket. This is a 51.3% increase compared with a previous 30 day period (February 23 - March 23) and 25.5% up from the same period a year ago. Over the past year an average of 98 homes are were sold per month.

11 condo units were sold in the last 30 days (March 24 - April 22) in Newmarket, which represents 6.8% of all sold properties. This is up 10.0% from the prior 30 day period (February 23 - March 23) and 57.1% more compared to the same period last year. There were 7 condos sold per month on average during the last 12 months.

32 townhomes were sold over the last 30 days (March 24 - April 22) in Newmarket, which is 19.9% of all sold real estate. This is a 68.4% more than during the previous 30 day period (February 23 - March 23) and 14.3% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 30 a month.