Otonabee-South Monaghan Real Estate Statistics

Otonabee-South Monaghan real estate average sold price in the last 30 days (January 21 - February 19) was $741,250, which is $216,250 (29.2%) higher than the average price of $525,000 in the previous 30 day period (December 22 - January 20), and $316,207 (42.7%) down from the same period 1 year ago ($1,057,457). Otonabee-South Monaghan real estate prices over the last 30 days are also $24,598 (3.3%) higher than the average selling price of $716,652 over the past year.

Otonabee-South Monaghan average sold price for homes was $780,000 in the last 30 days (January 21 - February 19), which is $255,000 (32.7%) up from the average home price of $525,000 in the previous 30 day period (December 22 - January 20), and $277,457 (35.6%) lower than the same period 1 year ago ($1,057,457). In the last 30 days Otonabee-South Monaghan the average home price was $61,834 (7.9%) higher than the average selling price of $718,166 over the last 12 months.

Average selling price for Otonabee-South Monaghan real estate was $741,250 in the last 30 days (January 21 - February 19), which is collectively $14,900 (1.7%) lower than the average asking price of $896,169. This represents an increase of $7,550 (33.6%) compared to $22,450 (2.2%) Sold-Under-Asking price from the previous 30 day period (December 22 - January 20).

The maximum Sold Over/Under Asking ratio in Otonabee-South Monaghan during the last 12 months was recorded in August, 2024 with an average of $5,066 over the asking price, while the minimum occurring in April, 2024 with $36,350 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 Otonabee-South Monaghan was 30.8% with 4 properties sold and 8 new properties listed in the past 30 days (January 21 - February 19). This represents an increase from 25.0% recorded during the previous 30 day period (December 22 - January 20), and a decrease from 100.0% compared to the same period one year ago.

Over the the last year the highest SNLR in Otonabee-South Monaghan was 133.3% recorded in December and the lowest was in September at 33.3%. 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 4 properties that were successfully sold in Otonabee-South Monaghan in the last 30 days (January 21 - February 19) was 8 days, which is 35 days less than 43 days average in the previous 30 day period (December 22 - January 20) and 83 days shorter than during the same period a year ago (91 days).

There were 4 delisted properties in Otonabee-South Monaghan, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 107 days on the market. This is 15 days shorter than the average of 122 days during the previous 30 day period (December 22 - January 20) and 15 days more compared to the same period last year average of 92 days on the market.

4 Otonabee-South Monaghan properties that didn't sell stayed on the market 1,237.5% longer than 4 that sucessfully sold over the last 30 days - 8 days when sold vs 107 days when delisted respectively.

Average Days on the Market in Otonabee-South Monaghan over the past 12 months for properties that have sold was 24.6 days, with 100.3 days for those properties that did not sell.

13 new properties were listed on the market in Otonabee-South Monaghan in the last 30 days (January 21 - February 19). During the same time 4 properties were sold and 4 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 5 properties (or 38.5%).

During the previous 30 day period (December 22 - January 20) there were 8 new properties listed, 2 sold and 9 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was May with 24 new properties listed, the slowest - December with 3 new listings and a yearly average of 14 new listings per month.

There were a total of 13 homes listed during the last 30 days (January 21 - February 19), which is 100.0% of all properties listed in Otonabee-South Monaghan. This is a 85.7% increase compared with a previous 30 day period (December 22 - January 20) and 85.7% up from the same period a year ago. Over the past year an average of 14 homes are were listed per month.

There were a total of 3 homes sold during the last 30 days (January 21 - February 19), which is 75.0% of all properties sold in Otonabee-South Monaghan. This is a 50.0% increase compared with a previous 30 day period (December 22 - January 20) and 57.1% down from the same period a year ago. Over the past year an average of 7 homes are were sold per month.