West Nipissing Real Estate Statistics

West Nipissing real estate average sold price in the last 30 days (March 27 - April 25) was $606,666, which is $266,666 (44.0%) higher than the average price of $340,000 in the previous 30 day period (February 26 - March 26), and $231,666 (38.2%) up from the same period 1 year ago ($375,000). West Nipissing real estate prices over the last 30 days are also $127,529 (21.0%) higher than the average selling price of $479,137 over the past year.

West Nipissing average sold price for homes was $606,666 in the last 30 days (March 27 - April 25), which is $266,666 (44.0%) up from the average home price of $340,000 in the previous 30 day period (February 26 - March 26), and $231,666 (38.2%) higher than the same period 1 year ago ($375,000). In the last 30 days West Nipissing the average home price was $127,529 (21.0%) higher than the average selling price of $479,137 over the last 12 months.

Average selling price for West Nipissing real estate was $606,666 in the last 30 days (March 27 - April 25), which is collectively $15,966 (2.5%) lower than the average asking price of $644,450. This represents a decline of $26,066 (258.1%) compared to $10,100 (2.1%) Sold-Over-Asking price from the previous 30 day period (February 26 - March 26).

The maximum Sold Over/Under Asking ratio in West Nipissing during the last 12 months was recorded in March, 2024 with an average of $10,100 over the asking price, while the minimum occurring in June, 2023 with $650,000 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 150.0% with 3 properties sold and 2 new properties listed in the past 30 days (March 27 - April 25). This represents an increase from 50.0% recorded during the previous 30 day period (February 26 - March 26), and an increase from 50.0% compared to the same period one year ago.

Over the the last year the highest SNLR in West Nipissing was 250.0% recorded in July and the lowest was in October 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 3 properties that were successfully sold in West Nipissing in the last 30 days (March 27 - April 25) was 71 days, which is 61 days more than 10 days average in the previous 30 day period (February 26 - March 26) and 62 days longer than during the same period a year ago (9 days).

There were 4 delisted properties in West Nipissing, those that got either Expired, Suspended or Terminated over the last 30 days (March 27 - April 25) with an average of 121 days on the market. This is 15 days longer than the average of 106 days during the previous 30 day period (February 26 - March 26) and 63 days more compared to the same period last year average of 58 days on the market.

4 West Nipissing properties that didn't sell stayed on the market 70.4% longer than 3 that sucessfully sold over the last 30 days - 71 days when sold vs 121 days when delisted respectively.

Average Days on the Market in West Nipissing over the past 12 months for properties that have sold was 52.1 days, with 92.6 days for those properties that did not sell.

2 new properties were listed on the market in West Nipissing in the last 30 days (March 27 - April 25). During the same time 3 properties were sold and 4 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 5 properties (or 250.0%).

During the previous 30 day period (February 26 - March 26) there were 2 new properties listed, 1 sold and 2 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was June with 6 new properties listed, the slowest - October with 0 new listings and a yearly average of 2 new listings per month.

There were a total of 2 homes listed during the last 30 days (March 27 - April 25), which is 100.0% of all properties listed in West Nipissing. This is a 0.0% decline compared with a previous 30 day period (February 26 - March 26) and 0.0% down from the same period a year ago. Over the past year an average of 2 homes are were listed per month.

There were a total of 3 homes sold during the last 30 days (March 27 - April 25), which is 100.0% of all properties sold in West Nipissing. This is a 200.0% increase compared with a previous 30 day period (February 26 - March 26) and 200.0% up from the same period a year ago. Over the past year an average of 2 homes are were sold per month.