Fort Erie Real Estate Statistics

Fort Erie real estate average sold price in the last 30 days (December 19 - January 17) was $486,965, which is $62,211 (12.8%) lower than the average price of $549,176 in the previous 30 day period (November 19 - December 18), and $146,268 (30.0%) down from the same period 1 year ago ($633,233). Fort Erie real estate prices over the last 30 days are also $101,942 (20.9%) lower than the average selling price of $588,907 over the past year.

Fort Erie average sold price for homes was $483,538 in the last 30 days (December 19 - January 17), which is $61,045 (12.6%) down from the average home price of $544,583 in the previous 30 day period (November 19 - December 18), and $149,695 (31.0%) lower than the same period 1 year ago ($633,233). In the last 30 days Fort Erie the average home price was $98,999 (20.5%) lower than the average selling price of $582,537 over the last 12 months.

Average selling price for Fort Erie real estate was $486,965 in the last 30 days (December 19 - January 17), which is collectively $10,148 (1.5%) lower than the average asking price of $688,926. This represents an increase of $4,924 (32.7%) compared to $15,072 (2.2%) Sold-Under-Asking price from the previous 30 day period (November 19 - December 18).

The maximum Sold Over/Under Asking ratio in Fort Erie during the last 12 months was recorded in May, 2024 with an average of $10,180 under the asking price, while the minimum occurring in February, 2024 with $26,087 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 Fort Erie was 226.7% with 229 properties sold and 29 new properties listed in the past 30 days (December 19 - January 17). This represents a decrease from 548.3% recorded during the previous 30 day period (November 19 - December 18), and an increase from 75.0% compared to the same period one year ago.

Over the the last year the highest SNLR in Fort Erie was 3,892.1% recorded in November and the lowest was in February at 35.3%. 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 229 properties that were successfully sold in Fort Erie in the last 30 days (December 19 - January 17) was 45 days, which is 1 days less than 46 days average in the previous 30 day period (November 19 - December 18) and 26 days shorter than during the same period a year ago (71 days).

There were 268 delisted properties in Fort Erie, those that got either Expired, Suspended or Terminated over the last 30 days (December 19 - January 17) with an average of 114 days on the market. This is 29 days longer than the average of 85 days during the previous 30 day period (November 19 - December 18) and 12 days more compared to the same period last year average of 102 days on the market.

268 Fort Erie properties that didn't sell stayed on the market 153.3% longer than 229 that sucessfully sold over the last 30 days - 45 days when sold vs 114 days when delisted respectively.

Average Days on the Market in Fort Erie over the past 12 months for properties that have sold was 47.5 days, with 93.0 days for those properties that did not sell.

101 new properties were listed on the market in Fort Erie in the last 30 days (December 19 - January 17). During the same time 229 properties were sold and 268 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 396 properties (or 392.1%).

During the previous 30 day period (November 19 - December 18) there were 29 new properties listed, 159 sold and 201 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was April with 77 new properties listed, the slowest - November with 38 new listings and a yearly average of 61 new listings per month.

There were a total of 76 homes listed during the last 30 days (December 19 - January 17), which is 75.2% of all properties listed in Fort Erie. This is a 192.3% increase compared with a previous 30 day period (November 19 - December 18) and 300.0% up from the same period a year ago. Over the past year an average of 56 homes are were listed per month.

There were a total of 223 homes sold during the last 30 days (December 19 - January 17), which is 97.4% of all properties sold in Fort Erie. This is a 42.9% increase compared with a previous 30 day period (November 19 - December 18) and 1,386.7% up from the same period a year ago. Over the past year an average of 358 homes are were sold per month.