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Niagara-on-the-Lake, Ontario Real Estate Market Report

Niagara, Ontario, Canada · Market data as of

Buyer's Market
SellerBalancedBuyer
6.2 mo
Buyer's Market

Niagara-on-the-Lake is currently a buyer’s market with 6.2 months of inventory and a median sale price of $975K. Higher inventory gives buyers more options and room to negotiate.

Price Trajectory

How Niagara-on-the-Lake's median sold price is moving — year-over-year, by property type, and most recently.

$975Kmedian (12 mo)+0.9% YoYup 0.9 percent year over year
$1.04Mmost-recent-quarter median (n=88)+6.4% vs the 12-month median

Recent sales are pricing above the trailing-year benchmark — momentum is building.

Median sold price by property type (12 mo)
Property TypeMedianYoY
Freehold$1.02M—
Condo$845K—

Sold residential · trailing 12 months · aggregated MLS data. Property types with fewer than 10 sales are omitted.

Most market reports are old by the time you read them. Boards publish monthly, usually two weeks after the month closes. Every figure on this page is calculated daily from live MLS data, so you're seeing today's market, not last month's summary.

Based on 300 sales and 272active listings · Data refreshes every morning

BWhat This Means for Buyers

With 6.2 months of inventory, buyers have more options and negotiating power in Niagara-on-the-Lake.

There are 272 active listings to choose from, giving you time to find the right fit.

Prices have been trending down, which may create opportunities for patient buyers.

SWhat This Means for Sellers

Higher inventory means sellers need to work harder to stand out in Niagara-on-the-Lake.

Homes are selling at 95% of list price — pricing accurately from day one is critical.

300 homes sold in the past 12 months. Presentation and pricing strategy matter more in this environment.

Filters apply to statistics and charts below. Other sections show all property types.

272
Active Listings
+7.5% 30d
300
Sold (12 mo)
$973K
Median Price
67 days
Avg DOM
-9.1% 30d
95%
SP/LP Ratio
6.2
Months of Inventory
Updated daily
$1.09M
Average Price
Influenced by outliers
$973K
Median Price
Middle value of all sales
$826K
Benchmark Price
Tracks a typical home (CREA HPI)
$38K
Median Bid Delta
6%
Sold Above Asking
89%
Sold Below Asking

Prices have been trending downward over the past 12 months. Here's how that breaks down across price ranges and time.

Price Trends

$826KBenchmark-5.1% YoY
↓ Prices Trending Down
HPI Trend Median Average

The most recent point is the current, incomplete month and may change as more sales close.

Price trend data: Jun 25: Median $922,500, Average $1,213,276, HPI Trend $909,189; Jul 25: Median $1,100,000, Average $1,274,663, HPI Trend $906,577; Aug 25: Median $962,500, Average $990,614, HPI Trend $904,254; Sep 25: Median $1,050,000, Average $1,158,481, HPI Trend $899,900; Oct 25: Median $890,000, Average $1,066,027, HPI Trend $898,448; Nov 25: Median $925,000, Average $987,163, HPI Trend $894,094; Dec 25: Median $950,000, Average $973,600, HPI Trend $888,869; Jan 26: Median $965,000, Average $1,004,400, HPI Trend $880,160; Feb 26: Median $842,500, Average $925,786, HPI Trend $874,064; Mar 26: Median $1,075,000, Average $1,079,500, HPI Trend $869,419; Apr 26: Median $870,000, Average $1,082,952, HPI Trend $870,000; May 26: Median $1,070,000, Average $1,199,867; Jun 26: Median $885,000, Average $1,021,875 (partial month)
Benchmark price by period
PeriodBenchmark Price
2025-06$863K
2025-07$860K
2025-08$858K
2025-09$854K
2025-10$853K
2025-11$848K
2025-12$843K
2026-01$835K
2026-02$829K
2026-03$825K
2026-04$826K

Price Distribution

Price distribution: $224K–$650K: 37 properties, $650K–$757K: 38 properties, $757K–$851K: 38 properties, $851K–$973K: 37 properties, $973K–$1.1M: 35 properties, $1.1M–$1.3M: 40 properties, $1.3M–$1.5M: 37 properties, $1.5M–$3.5M: 38 properties

Days on Market Distribution

Days on market distribution: 1–7 days: 20 properties, 8–14 days: 27 properties, 15–30 days: 71 properties, 31–60 days: 69 properties, 61–90 days: 36 properties, 90+ days: 76 properties

How fast are homes selling?

Average days on market over time. Lower numbers mean homes are selling faster.

Under 20 = Hot Market Over 60 = Slow Market

The trailing point is the current, incomplete month and may shift as more sales close.

Average days on market by period
PeriodAvg Days on Market
2025-0688 days
2025-0735 days
2025-0865 days
2025-0958 days
2025-1065 days
2025-1157 days
2025-12110 days
2026-0189 days
2026-0294 days
2026-0360 days
2026-0463 days
2026-0551 days

How does this month compare?

Month-over-month and year-over-year changes in key metrics.

MetricCurrentLast MonthMoMSame Month Last YearYoY
Median Price$885K$1.07M-17.3%$923K-4.1%
Sales Count842-81%18-55.6%
Avg DOM6451+25.5%88-27.3%

What's selling?

Breakdown of sales by property type over the past 12 months.

Listings by property type
Property TypeCountShare
Residential Freehold23586%
Residential Condo & Other3111%
Single Family62%

The monthly stats tell one story. The daily trajectory tells another — here's how inventory is moving day by day.

Daily Market Trajectory

Updated daily

Most market reports use 30-day rolling averages. By the time you see a shift, it already happened weeks ago. This chart tracks inventory daily so you can spot trajectory changes as they happen.

Under 4 mo = Seller'sOver 6 mo = Buyer's
Daily months of inventory: May 8: 12.7 months; May 9: 13.4 months; May 10: 14.2 months; May 11: 14.2 months; May 12: 12.8 months; May 13: 12.5 months; May 14: 11.2 months; May 15: 10.5 months; May 16: 9.8 months; May 17: 9.8 months; May 18: 9.7 months; May 19: 9.4 months; May 20: 7.5 months; May 21: 6.8 months; May 22: 7.2 months; May 23: 7.0 months; May 24: 7.7 months; May 25: 8.2 months; May 26: 7.6 months; May 27: 7.3 months; May 28: 7.3 months; May 29: 7.2 months; May 30: 6.8 months; May 31: 6.6 months; May 31: 6.8 months; Jun 1: 6.8 months; Jun 2: 6.8 months; Jun 3: 6.8 months; Jun 4: 6.2 months; Jun 6: 6.2 months

Last 30 days · updated daily

Speed and competitiveness are two sides of the same coin. Here's how aggressively homes are trading.

How competitive is this market?

Absorption rate and sale-to-list price ratio show how aggressively homes are trading.

Absorption Rate SP/LP Ratio
Dual-axis chart showing absorption rate (area, left axis) and sale-to-list price ratio (line, right axis) over time.

Last 30 days · updated daily

Just Listed

Just Sold

Communities & Neighbourhoods in Niagara-on-the-Lake

Detailed market data for 3 areas within Niagara-on-the-Lake.

Want a Detailed Analysis?

Contact Jeff Chisholm for a personalized market analysis of Niagara-on-the-Lake and surrounding areas.

Jeff Chisholm, Sales Representative
Chisholm Real Estate Team
Direct Realty Ltd., Brokerage

Get in Touch

Top Rated Schools

St Michael Catholic Elementary School
CatholicElementary
9.5
EQAO /10

Source: EQAO provincial assessment results

Market Pulse Score

83
Strong Buyer's Market

Driving factor: Months of inventory (9.8)

MOI
25%
Absorption
20%
SP/LP
20%
DOM
15%
Price Cuts
10%

Frequently Asked Questions

What is the average home price in Niagara-on-the-Lake, Ontario?
The median home price in Niagara-on-the-Lake, Ontario is $973K based on 300 sales over the past 12 months. The average price is $1.09M. There are currently 272 active listings in Niagara-on-the-Lake.
Is Niagara-on-the-Lake a buyer's or seller's market?
Niagara-on-the-Lake is currently a buyer's market with 6.2 months of inventory. Higher inventory gives buyers more options and negotiating leverage.
How long do homes take to sell in Niagara-on-the-Lake?
Homes in Niagara-on-the-Lake take an average of 67 days to sell (days on market). The median days on market is 43. Longer days on market suggest buyers have more time to consider their options.
What is the months of inventory in Niagara-on-the-Lake?
Niagara-on-the-Lake currently has 6.2 months of inventory, calculated daily from live listing data. Months of inventory measures how long it would take to sell all current listings at the current sales rate. Under 4 months typically indicates a seller's market, while over 6 months indicates a buyer's market.
How much do homes sell above or below asking in Niagara-on-the-Lake?
In Niagara-on-the-Lake, the median sale price is $38K below asking price. 6% of homes sold above asking and 89% sold below asking over the past 12 months. The sale-price-to-list-price ratio is 95%.
What are the real estate market trends in Niagara-on-the-Lake, Ontario?
The Niagara-on-the-Lake real estate market has prices trending downward with a median price of $885K in the most recent month. Prices changed -17.3% compared to the previous month. There were 8 sales in the month with an average of 64 days on market.

Current Mortgage Rates in Ontario

1 year fixed

2.50%

Bank of Canada Posted Rate

3 year fixed

5.19%

Bank of Canada Posted Rate

5 year fixed

6.09%

Bank of Canada Posted Rate

Prime (variable)

2.65%

Posted rates from Bank of Canada · Updated June 7, 2026

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CREA Member
Direct Realty Ltd., Brokerage
MLS Data Provider
RECO Registered
How We Calculate These Statistics

Data source: Statistics are calculated from MLS listing data provided under license from the Canadian Real Estate Association (CREA) and participating real estate boards.

Months of Inventory (MOI):Active listings divided by the monthly sales rate for the selected period (1, 3, 6, or 12 months). Under 4 months generally indicates a seller's market; over 6 months indicates a buyer's market.

SP/LP Ratio: Sale Price to List Price ratio calculated as the median of (sale price / list price) across all sold properties with valid pricing data.

Home Price Index (HPI):CREA's aggregate composite benchmark index tracking price changes for a typical home, adjusted for property mix differences over time.

Update frequency: Data refreshes every 30 minutes via Incremental Static Regeneration (ISR). Daily snapshot metrics update once per day.

Coverage: Includes all residential property types listed on the MLS for Niagara-on-the-Lake and surrounding areas.

View All Active ListingsView All Sold ListingsHome Value EstimateReal Estate GlossaryAll Ontario Markets

Jeff Chisholm, Sales Representative

Chisholm Real Estate Team at Direct Realty Ltd., Brokerage

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Data provided by REintel. Statistics are aggregated from MLS data under license. Reproduction or redistribution of this data is prohibited without written consent. The listing data is deemed reliable but is not guaranteed accurate by the Canadian Real Estate Association (CREA).

REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS, Multiple Listing Service and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.