Newmarket Real Estate Statistics

Newmarket real estate average sold price in the last 30 days (January 21 - February 19) was $1,114,719, which is $111,876 (10.0%) higher than the average price of $1,002,843 in the previous 30 day period (December 22 - January 20), and $48,436 (4.3%) down from the same period 1 year ago ($1,163,155). Newmarket real estate prices over the last 30 days are also $10,396 (0.9%) higher than the average selling price of $1,104,323 over the past year.

Newmarket average sold price for homes was $1,234,206 in the last 30 days (January 21 - February 19), which is $133,849 (10.8%) up from the average home price of $1,100,357 in the previous 30 day period (December 22 - January 20), and $45,822 (3.7%) lower than the same period 1 year ago ($1,280,028). In the last 30 days Newmarket the average home price was $25,303 (2.1%) higher than the average selling price of $1,208,903 over the last 12 months.

Average Newmarket condo sold price over the last 30 days (January 21 - February 19) was $519,500. During this period it was $87,166 (16.8%) down from the average price of condo of $606,666 during the previous 30 days (December 22 - January 20), and $104,500 (20.1%) lower compared to the same period 1 year ago ($624,000). In the last 30 days Newmarket the average condo price was $115,564 (22.2%) lower than the average selling price of $635,064 over the last year.

Average sold price of Newmarket townhouse was $948,423 in the last 30 days (January 21 - February 19), up $88,790 (9.4%) from the average townhome price of $859,633 over the previous 30 days (December 22 - January 20), and $24,473 (2.6%) higher than during to the same period 1 year ago ($923,950). Over the last 30 days the average townhouse price in Newmarket was $43,110 (4.5%) higher compared to the average selling price of $905,314 over the last 12 months.

Average selling price for Newmarket real estate was $1,114,719 in the last 30 days (January 21 - February 19), which is collectively $6,791 (0.6%) higher than the average asking price of $1,173,868. This represents an increase of $21,693 (145.6%) compared to $14,902 (1.3%) Sold-Under-Asking price from the previous 30 day period (December 22 - January 20).

The maximum Sold Over/Under Asking ratio in Newmarket during the last 12 months was recorded in May, 2024 with an average of $8,824 over the asking price, while the minimum occurring in September, 2024 with $19,555 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 41.5% with 61 properties sold and 77 new properties listed in the past 30 days (January 21 - February 19). This represents an increase from 39.0% recorded during the previous 30 day period (December 22 - January 20), and a decrease from 70.1% compared to the same period one year ago.

Over the the last year the highest SNLR in Newmarket was 138.3% recorded in December and the lowest was in January at 27.2%. 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 61 properties that were successfully sold in Newmarket in the last 30 days (January 21 - February 19) was 39 days, which is 4 days less than 43 days average in the previous 30 day period (December 22 - January 20) and 15 days longer than during the same period a year ago (24 days).

There were 62 delisted properties in Newmarket, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 74 days on the market. This is 9 days longer than the average of 65 days during the previous 30 day period (December 22 - January 20) and 17 days more compared to the same period last year average of 57 days on the market.

62 Newmarket properties that didn't sell stayed on the market 89.7% longer than 61 that sucessfully sold over the last 30 days - 39 days when sold vs 74 days when delisted respectively.

Average Days on the Market in Newmarket over the past 12 months for properties that have sold was 25.7 days, with 52.7 days for those properties that did not sell.

147 new properties were listed on the market in Newmarket in the last 30 days (January 21 - February 19). During the same time 61 properties were sold and 62 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 24 properties (or 16.3%).

During the previous 30 day period (December 22 - January 20) there were 77 new properties listed, 30 sold and 63 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 47 new listings and a yearly average of 174 new listings per month.

There were a total of 104 homes listed during the last 30 days (January 21 - February 19), which is 70.7% of all properties listed in Newmarket. This is a 85.7% increase compared with a previous 30 day period (December 22 - January 20) and 6.1% up from the same period a year ago. Over the past year an average of 125 homes are were listed per month.

11 condo units were listed in the last 30 days (January 21 - February 19) in Newmarket, which represents 7.5% of all new listings. This is up 83.3% from the prior 30 day period (December 22 - January 20) and 57.1% more compared to the same period last year. There were 14 condos listed per month on average during the last 12 months.

32 townhomes were listed over the last 30 days (January 21 - February 19) in Newmarket, which is 21.8% of all new real estate inventory. This is a 113.3% more than during the previous 30 day period (December 22 - January 20) and 45.5% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 35 a month.

There were a total of 43 homes sold during the last 30 days (January 21 - February 19), which is 70.5% of all properties sold in Newmarket. This is a 104.8% increase compared with a previous 30 day period (December 22 - January 20) and 32.8% down from the same period a year ago. Over the past year an average of 65 homes are were sold per month.

5 condo units were sold in the last 30 days (January 21 - February 19) in Newmarket, which represents 8.2% of all sold properties. This is up 66.7% from the prior 30 day period (December 22 - January 20) and 0.0% less compared to the same period last year. There were 7 condos sold per month on average during the last 12 months.

13 townhomes were sold over the last 30 days (January 21 - February 19) in Newmarket, which is 21.3% of all sold real estate. This is a 116.7% more than during the previous 30 day period (December 22 - January 20) and 35.0% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 17 a month.