West Nipissing Real Estate Statistics

West Nipissing real estate average sold price in the last 30 days (January 21 - February 19) was $428,836, which is $127,797 (29.8%) lower than the average price of $556,633 in the previous 30 day period (December 22 - January 20), and $76,130 (17.8%) down from the same period 1 year ago ($504,966). West Nipissing real estate prices over the last 30 days are also $65,721 (15.3%) higher than the average selling price of $363,115 over the past year.

West Nipissing average sold price for homes was $428,836 in the last 30 days (January 21 - February 19), which is $127,797 (29.8%) down from the average home price of $556,633 in the previous 30 day period (December 22 - January 20), and $76,130 (17.8%) lower than the same period 1 year ago ($504,966). In the last 30 days West Nipissing the average home price was $65,721 (15.3%) higher than the average selling price of $363,115 over the last 12 months.

Average selling price for West Nipissing real estate was $428,836 in the last 30 days (January 21 - February 19), which is collectively $19,718 (3.9%) lower than the average asking price of $512,100. This represents an increase of $3,515 (15.1%) compared to $23,233 (4.0%) Sold-Under-Asking price from the previous 30 day period (December 22 - January 20).

The maximum Sold Over/Under Asking ratio in West Nipissing during the last 12 months was recorded in August, 2024 with an average of $0 over the asking price, while the minimum occurring in June, 2024 with $37,000 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 West Nipissing was 157.1% with 11 properties sold and 9 new properties listed in the past 30 days (January 21 - February 19). This represents an increase from 33.3% recorded during the previous 30 day period (December 22 - January 20), and a decrease from 300.0% compared to the same period one year ago.

Over the the last year the highest SNLR in West Nipissing was 300.0% recorded in July and the lowest was in June at 0.0%. 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 11 properties that were successfully sold in West Nipissing in the last 30 days (January 21 - February 19) was 45 days, which is 14 days more than 31 days average in the previous 30 day period (December 22 - January 20) and 40 days shorter than during the same period a year ago (85 days).

There were 7 delisted properties in West Nipissing, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 115 days on the market. This is 57 days longer than the average of 58 days during the previous 30 day period (December 22 - January 20) and 115 days more compared to the same period last year average of 0 days on the market.

7 West Nipissing properties that didn't sell stayed on the market 155.6% longer than 11 that sucessfully sold over the last 30 days - 45 days when sold vs 115 days when delisted respectively.

Average Days on the Market in West Nipissing over the past 12 months for properties that have sold was 40.5 days, with 84.0 days for those properties that did not sell.

7 new properties were listed on the market in West Nipissing in the last 30 days (January 21 - February 19). During the same time 11 properties were sold and 7 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 11 properties (or 157.1%).

During the previous 30 day period (December 22 - January 20) there were 9 new properties listed, 3 sold and 3 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was January with 12 new properties listed, the slowest - June with 0 new listings and a yearly average of 4 new listings per month.

There were a total of 7 homes listed during the last 30 days (January 21 - February 19), which is 100.0% of all properties listed in West Nipissing. This is a 22.2% decline compared with a previous 30 day period (December 22 - January 20) and 600.0% up from the same period a year ago. Over the past year an average of 4 homes are were listed per month.

There were a total of 11 homes sold during the last 30 days (January 21 - February 19), which is 100.0% of all properties sold in West Nipissing. This is a 266.7% increase compared with a previous 30 day period (December 22 - January 20) and 266.7% up from the same period a year ago. Over the past year an average of 2 homes are were sold per month.