Welland Real Estate Statistics

Welland real estate average sold price in the last 30 days (January 21 - February 19) was $609,412, which is $4,250 (0.7%) lower than the average price of $613,662 in the previous 30 day period (December 22 - January 20), and $10,657 (1.7%) up from the same period 1 year ago ($598,755). Welland real estate prices over the last 30 days are also $31,544 (5.2%) higher than the average selling price of $577,868 over the past year.

Welland average sold price for homes was $609,571 in the last 30 days (January 21 - February 19), which is $34,253 (5.6%) up from the average home price of $575,318 in the previous 30 day period (December 22 - January 20), and $3,275 (0.5%) higher than the same period 1 year ago ($606,296). In the last 30 days Welland the average home price was $31,630 (5.2%) higher than the average selling price of $577,941 over the last 12 months.

Average sold price of Welland townhouse was $607,980 in the last 30 days (January 21 - February 19), down $163,353 (26.9%) from the average townhome price of $771,333 over the previous 30 days (December 22 - January 20), and $49,447 (8.1%) higher than during to the same period 1 year ago ($558,533). Over the last 30 days the average townhouse price in Welland was $9,403 (1.5%) higher compared to the average selling price of $598,577 over the last 12 months.

Average selling price for Welland real estate was $609,412 in the last 30 days (January 21 - February 19), which is collectively $16,277 (2.3%) lower than the average asking price of $697,698. This represents a decline of $20,098 (526.0%) compared to $3,821 (0.6%) Sold-Over-Asking price from the previous 30 day period (December 22 - January 20).

The maximum Sold Over/Under Asking ratio in Welland during the last 12 months was recorded in December, 2024 with an average of $984 under the asking price, while the minimum occurring in October, 2024 with $20,324 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 33.1% with 50 properties sold and 140 new properties listed in the past 30 days (January 21 - February 19). This represents an increase from 30.7% recorded during the previous 30 day period (December 22 - January 20), and a decrease from 53.5% 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 May at 29.9%. 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 50 properties that were successfully sold in Welland in the last 30 days (January 21 - February 19) was 48 days, which is 25 days less than 73 days average in the previous 30 day period (December 22 - January 20) and 11 days shorter than during the same period a year ago (59 days).

There were 71 delisted properties in Welland, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 70 days on the market. This is 20 days shorter than the average of 90 days during the previous 30 day period (December 22 - January 20) and 24 days less compared to the same period last year average of 94 days on the market.

71 Welland properties that didn't sell stayed on the market 45.8% longer than 50 that sucessfully sold over the last 30 days - 48 days when sold vs 70 days when delisted respectively.

Average Days on the Market in Welland over the past 12 months for properties that have sold was 38.0 days, with 79.9 days for those properties that did not sell.

151 new properties were listed on the market in Welland in the last 30 days (January 21 - February 19). During the same time 50 properties were sold and 71 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 30 properties (or 19.9%).

During the previous 30 day period (December 22 - January 20) there were 140 new properties listed, 43 sold and 108 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was January with 172 new properties listed, the slowest - December with 56 new listings and a yearly average of 104 new listings per month.

There were a total of 125 homes listed during the last 30 days (January 21 - February 19), which is 82.8% of all properties listed in Welland. This is a 1.6% decline compared with a previous 30 day period (December 22 - January 20) and 119.3% up from the same period a year ago. Over the past year an average of 87 homes are were listed per month.

24 townhomes were listed over the last 30 days (January 21 - February 19) in Welland, which is 15.9% of all new real estate inventory. This is a 84.6% more than during the previous 30 day period (December 22 - January 20) and 71.4% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 15 a month.

There were a total of 45 homes sold during the last 30 days (January 21 - February 19), which is 90.0% of all properties sold in Welland. This is a 36.4% increase compared with a previous 30 day period (December 22 - January 20) and 40.6% up from the same period a year ago. Over the past year an average of 622 homes are were sold per month.

5 townhomes were sold over the last 30 days (January 21 - February 19) in Welland, which is 10.0% of all sold real estate. This is a 44.4% less than during the previous 30 day period (December 22 - January 20) and 16.7% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 53 a month.