Oro-Medonte Real Estate Statistics

Oro-Medonte Real Estate Price Trend
Oro-Medonte real estate average sold price in the last 30 days (February 28 - March 28) was $1,027,608, which is $10,992 (1.1%) lower than the average price of $1,038,600 in the previous 30 day period (January 29 - February 27), and $177,749 (17.3%) down from the same period 1 year ago ($1,205,357). Oro-Medonte real estate prices over the last 30 days are also $20,363 (2.0%) lower than the average selling price of $1,047,971 over the past year.
Oro-Medonte average sold price for homes was $1,080,142 in the last 30 days (February 28 - March 28), which is $41,542 (3.8%) up from the average home price of $1,038,600 in the previous 30 day period (January 29 - February 27), and $230,135 (21.3%) lower than the same period 1 year ago ($1,310,277). In the last 30 days Oro-Medonte the average home price was $4,737 (0.4%) higher than the average selling price of $1,075,405 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Oro-Medonte real estate was $1,027,608 in the last 30 days (February 28 - March 28), which is collectively $29,934 (2.3%) lower than the average asking price of $1,303,583. This represents an increase of $2,365 (7.3%) compared to $32,299 (2.7%) Sold-Under-Asking price from the previous 30 day period (January 29 - February 27).
The maximum Sold Over/Under Asking ratio in Oro-Medonte during the last 12 months was recorded in July, 2023 with an average of $11,667 under the asking price, while the minimum occurring in April, 2023 with $71,045 below the asking price.
Sales to New Listings Ratio
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 Oro-Medonte was 38.3% with 23 properties sold and 51 new properties listed in the past 30 days (February 28 - March 28). This represents a decrease from 39.2% recorded during the previous 30 day period (January 29 - February 27), and an increase from 37.5% compared to the same period one year ago.
Over the the last year the highest SNLR in Oro-Medonte was 4,345.9% recorded in July and the lowest was in January at 25.6%. 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.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 23 properties that were successfully sold in Oro-Medonte in the last 30 days (February 28 - March 28) was 55 days, which is 7 days more than 48 days average in the previous 30 day period (January 29 - February 27) and 22 days longer than during the same period a year ago (33 days).
There were 31 delisted properties in Oro-Medonte, those that got either Expired, Suspended or Terminated over the last 30 days (February 28 - March 28) with an average of 55 days on the market. This is 22 days shorter than the average of 77 days during the previous 30 day period (January 29 - February 27) and 25 days less compared to the same period last year average of 80 days on the market.
31 Oro-Medonte properties that didn't sell stayed on the market 0.0% longer than 23 that sucessfully sold over the last 30 days - 55 days when sold vs 55 days when delisted respectively.
Average Days on the Market in Oro-Medonte over the past 12 months for properties that have sold was 33.4 days, with 62.9 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
60 new properties were listed on the market in Oro-Medonte in the last 30 days (February 28 - March 28). During the same time 23 properties were sold and 31 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 6 properties (or 10.0%).
During the previous 30 day period (January 29 - February 27) there were 51 new properties listed, 20 sold and 25 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was September with 76 new properties listed, the slowest - December with 16 new listings and a yearly average of 55 new listings per month.
New Real Estate Listings by Property Type
There were a total of 46 homes listed during the last 30 days (February 28 - March 28), which is 76.7% of all properties listed in Oro-Medonte. This is a 4.2% decline compared with a previous 30 day period (January 29 - February 27) and 2.2% up from the same period a year ago. Over the past year an average of 49 homes are were listed per month.
8 condo units were listed in the last 30 days (February 28 - March 28) in Oro-Medonte, which represents 13.3% of all new listings. This is up 700.0% from the prior 30 day period (January 29 - February 27) and 20.0% less compared to the same period last year. There were 4 condos listed per month on average during the last 12 months.
6 townhomes were listed over the last 30 days (February 28 - March 28) in Oro-Medonte, which is 10.0% of all new real estate inventory. This is a 200.0% more than during the previous 30 day period (January 29 - February 27) and 500.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 2 a month.
Real Estate Sales by Property Type
There were a total of 21 homes sold during the last 30 days (February 28 - March 28), which is 91.3% of all properties sold in Oro-Medonte. This is a 5.0% increase compared with a previous 30 day period (January 29 - February 27) and 16.7% up from the same period a year ago. Over the past year an average of 255 homes are were sold per month.
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