Welland Real Estate Statistics

Welland real estate average sold price in the last 30 days (March 24 - April 22) was $634,301, which is $35,617 (5.6%) higher than the average price of $598,684 in the previous 30 day period (February 23 - March 23), and $12,045 (1.9%) up from the same period 1 year ago ($622,256). Welland real estate prices over the last 30 days are also $37,810 (6.0%) higher than the average selling price of $596,491 over the past year.

Welland average sold price for homes was $649,355 in the last 30 days (March 24 - April 22), which is $46,555 (7.2%) up from the average home price of $602,800 in the previous 30 day period (February 23 - March 23), and $18,795 (2.9%) higher than the same period 1 year ago ($630,560). In the last 30 days Welland the average home price was $48,596 (7.5%) higher than the average selling price of $600,758 over the last 12 months.

Average sold price of Welland townhouse was $549,500 in the last 30 days (March 24 - April 22), down $27,166 (4.9%) from the average townhome price of $576,666 over the previous 30 days (February 23 - March 23), and $4,250 (0.8%) lower than during to the same period 1 year ago ($553,750). Over the last 30 days the average townhouse price in Welland was $38,652 (7.0%) lower compared to the average selling price of $588,152 over the last 12 months.

Average selling price for Welland real estate was $634,301 in the last 30 days (March 24 - April 22), which is collectively $14,656 (2.2%) lower than the average asking price of $676,771. This represents an increase of $361 (2.4%) compared to $15,017 (2.1%) Sold-Under-Asking price from the previous 30 day period (February 23 - March 23).

The maximum Sold Over/Under Asking ratio in Welland during the last 12 months was recorded in June, 2023 with an average of $9,694 under the asking price, while the minimum occurring in November, 2023 with $23,556 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 Welland was 109.3% with 82 properties sold and 93 new properties listed in the past 30 days (March 24 - April 22). This represents an increase from 61.3% recorded during the previous 30 day period (February 23 - March 23), and an increase from 71.2% compared to the same period one year ago.

Over the the last year the highest SNLR in Welland was 81.7% recorded in June and the lowest was in November at 28.0%. 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 82 properties that were successfully sold in Welland in the last 30 days (March 24 - April 22) was 35 days, which is 1 days more than 34 days average in the previous 30 day period (February 23 - March 23) and 1 days longer than during the same period a year ago (34 days).

There were 59 delisted properties in Welland, those that got either Expired, Suspended or Terminated over the last 30 days (March 24 - April 22) with an average of 89 days on the market. This is 30 days longer than the average of 59 days during the previous 30 day period (February 23 - March 23) and 12 days more compared to the same period last year average of 77 days on the market.

59 Welland properties that didn't sell stayed on the market 154.3% longer than 82 that sucessfully sold over the last 30 days - 35 days when sold vs 89 days when delisted respectively.

Average Days on the Market in Welland over the past 12 months for properties that have sold was 34.4 days, with 66.0 days for those properties that did not sell.

75 new properties were listed on the market in Welland in the last 30 days (March 24 - April 22). During the same time 82 properties were sold and 59 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 66 properties (or 88.0%).

During the previous 30 day period (February 23 - March 23) there were 93 new properties listed, 57 sold and 52 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was August with 93 new properties listed, the slowest - December with 34 new listings and a yearly average of 74 new listings per month.

There were a total of 59 homes listed during the last 30 days (March 24 - April 22), which is 78.7% of all properties listed in Welland. This is a 28.0% decline 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 60 homes are were listed per month.

1 condo units were listed in the last 30 days (March 24 - April 22) in Welland, which represents 1.3% of all new listings. This is down 0.0% from the prior 30 day period (February 23 - March 23) and 0.0% less compared to the same period last year. There were 1 condos listed per month on average during the last 12 months.

15 townhomes were listed over the last 30 days (March 24 - April 22) in Welland, which is 20.0% of all new real estate inventory. This is a 50.0% more than during the previous 30 day period (February 23 - March 23) and 275.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 12 a month.

There were a total of 71 homes sold during the last 30 days (March 24 - April 22), which is 86.6% of all properties sold in Welland. This is a 42.0% increase compared with a previous 30 day period (February 23 - March 23) and 115.2% up from the same period a year ago. Over the past year an average of 34 homes are were sold per month.

10 townhomes were sold over the last 30 days (March 24 - April 22) in Welland, which is 12.2% of all sold real estate. This is a 66.7% more than during the previous 30 day period (February 23 - March 23) and 150.0% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 5 a month.