Update on Niagara Median Prices

The following chart compares the Year-to-Date Median Sale Prices to the Median List Prices at time of sale.

The Median Price differs from the Average Price

Where the median is the midpoint of the number of listings or sales, the average is the sum of the listed or sold prices divided by the total number of listings and sales respectively.  

Year-to-Date Median Prices: to Aug. 28, 2014

City

Median List Price of Solds

Median Sold Price

%'age Change

West Lincoln

$349,900

$337,500

96.5%

Fonthill/Pelham

$339,900

$336,250

98.9%

Thorold

$219,400

$211,950

96.6%

Niagara Falls

$224,900

$219,000

97.4%

St. Catharines

$229,900

$225,000

97.9%

Fort Erie

$199,400

$186,000

93.3%

Welland

$189,900

$185,000

97.4%

Lincoln

$299,900

$299,500

99.9%

Port Colb/Wainfleet

$186,250

$180,000

96.6%

Niagara-on-the-Lake

$419,888

$411,000

97.9%

Source: Niagara Association of REALTORS® FUSION Software—though the information provided is deemed reliable, it cannot be guaranteed.

Please recognize that the median list price of sold homes can vary dramatically from the median list price of active listings.

Note: The average or median sale price does not reflect the value of a home. This requires a market analysis and comparison of homes sold that are similar to yours. As well, neighbourhood market conditions can vary.

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