Market Update on Niagara Home Sales

The chart below shows Year-to-Date Average and Median Prices for Active and Sold Homes--to September 2013.

District

Listings

No.

Avg. Price

Median Price

Fort Erie

Active

411

$309,838

$229,900

Sold

430

$200,965

$179,500

Fonthill/Pelham

Active

148

$525,820

$454,900

Sold

144

$362,925

$346,000

Lincoln

Active

56

$478,125

$403,150

Sold

67

$319,630

$299,000

Niagara Falls

Active

485

$327,936

$264,800

Sold

804

$225,924

$199,000

Niagara-
on-the-Lake

Active

281

$646,146

$525,000

Sold

238

$427,809

$380,000

Port Colborne/
Wainfleet

Active

203

$285,982

$215,000

Sold

216

$190,059

$159,500

St. Catharines

Active

416

$304,805

$241,950

Sold

1,204

$233,815

$217,450

Thorold

Active

100

$289,601

$249,900

Sold

183

$217,830

$215,000

Welland

Active

265

$223,354

$189,900

Sold

493

$190,950

$183,000

West Lincoln

Active

5

$379,880

$379,900

Sold

7

$380,357

$351,000

Source: Niagara Association of REALTORS®, FUSION Software.

Where the median is the midpoint of the number of sales, the average is the sum of the sold prices divided by the total number of sales.  

Note: The average and median sale prices do not reflect the value of a particular home. This requires a comparison of similar homes sold. In certain areas of a city, market conditions and the average and median prices may differ from the overall average indicated in the chart above.

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