Welland Real Estate Statistics

Welland real estate average sold price in the last 30 days (October 21 - November 19) was $517,033, which is $74,004 (14.3%) lower than the average price of $591,037 in the previous 30 day period (September 21 - October 20), and $60,255 (11.7%) down from the same period 1 year ago ($577,288). Welland real estate prices over the last 30 days are also $74,028 (14.3%) lower than the average selling price of $591,062 over the past year.

Welland average sold price for homes was $517,109 in the last 30 days (October 21 - November 19), which is $58,349 (11.3%) down from the average home price of $575,458 in the previous 30 day period (September 21 - October 20), and $87,043 (16.8%) lower than the same period 1 year ago ($604,152). In the last 30 days Welland the average home price was $79,885 (15.4%) lower than the average selling price of $596,994 over the last 12 months.

Average sold price of Welland townhouse was $563,000 in the last 30 days (October 21 - November 19), down $168,250 (29.9%) from the average townhome price of $731,250 over the previous 30 days (September 21 - October 20), and $27,000 (4.8%) lower than during to the same period 1 year ago ($590,000). Over the last 30 days the average townhouse price in Welland was $3,403 (0.6%) lower compared to the average selling price of $566,403 over the last 12 months.

Average selling price for Welland real estate was $517,033 in the last 30 days (October 21 - November 19), which is collectively $11,061 (1.6%) lower than the average asking price of $708,797. This represents an increase of $2,677 (19.5%) compared to $13,738 (2.1%) Sold-Under-Asking price from the previous 30 day period (September 21 - October 20).

The maximum Sold Over/Under Asking ratio in Welland during the last 12 months was recorded in May, 2024 with an average of $12,935 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 1,733.3% with 1,716 properties sold and 95 new properties listed in the past 30 days (October 21 - November 19). This represents an increase from 42.1% recorded during the previous 30 day period (September 21 - October 20), and an increase from 34.2% compared to the same period one year ago.

Over the the last year the highest SNLR in Welland was 3,975.8% recorded in August 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 1,716 properties that were successfully sold in Welland in the last 30 days (October 21 - November 19) was 38 days, which is 18 days more than 20 days average in the previous 30 day period (September 21 - October 20) and 24 days shorter than during the same period a year ago (62 days).

There were 1,159 delisted properties in Welland, those that got either Expired, Suspended or Terminated over the last 30 days (October 21 - November 19) with an average of 83 days on the market. This is 3 days longer than the average of 80 days during the previous 30 day period (September 21 - October 20) and 9 days more compared to the same period last year average of 74 days on the market.

1,159 Welland properties that didn't sell stayed on the market 118.4% longer than 1,716 that sucessfully sold over the last 30 days - 38 days when sold vs 83 days when delisted respectively.

Average Days on the Market in Welland over the past 12 months for properties that have sold was 38.8 days, with 76.6 days for those properties that did not sell.

99 new properties were listed on the market in Welland in the last 30 days (October 21 - November 19). During the same time 1,716 properties were sold and 1,159 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 2776 properties (or 2,804.0%).

During the previous 30 day period (September 21 - October 20) there were 95 new properties listed, 40 sold and 77 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was July with 135 new properties listed, the slowest - December with 34 new listings and a yearly average of 88 new listings per month.

There were a total of 78 homes listed during the last 30 days (October 21 - November 19), which is 78.8% of all properties listed in Welland. This is a 1.3% increase compared with a previous 30 day period (September 21 - October 20) and 47.2% up from the same period a year ago. Over the past year an average of 72 homes are were listed per month.

3 condo units were listed in the last 30 days (October 21 - November 19) in Welland, which represents 3.0% of all new listings. This is up 50.0% from the prior 30 day period (September 21 - October 20) and 200.0% more compared to the same period last year. There were 1 condos listed per month on average during the last 12 months.

18 townhomes were listed over the last 30 days (October 21 - November 19) in Welland, which is 18.2% of all new real estate inventory. This is a 12.5% more than during the previous 30 day period (September 21 - October 20) and 5.3% decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 14 a month.

There were a total of 1,603 homes sold during the last 30 days (October 21 - November 19), which is 93.4% of all properties sold in Welland. This is a 4,352.8% increase compared with a previous 30 day period (September 21 - October 20) and 7,533.3% up from the same period a year ago. Over the past year an average of 364 homes are were sold per month.

86 townhomes were sold over the last 30 days (October 21 - November 19) in Welland, which is 5.0% of all sold real estate. This is a 2,050.0% more than during the previous 30 day period (September 21 - October 20) and 8,500.0% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 36 a month.