Marmora and Lake Real Estate Statistics

Marmora and Lake real estate average sold price in the last 30 days (January 21 - February 19) was $541,250, which is $42,917 (7.9%) higher than the average price of $498,333 in the previous 30 day period (December 22 - January 20), and $100,250 (18.5%) up from the same period 1 year ago ($441,000). Marmora and Lake real estate prices over the last 30 days are also $40,392 (7.5%) lower than the average selling price of $581,642 over the past year.

Marmora and Lake average sold price for homes was $541,250 in the last 30 days (January 21 - February 19), which is $42,917 (7.9%) up from the average home price of $498,333 in the previous 30 day period (December 22 - January 20), and $100,250 (18.5%) higher than the same period 1 year ago ($441,000). In the last 30 days Marmora and Lake the average home price was $40,392 (7.5%) lower than the average selling price of $581,642 over the last 12 months.

Average selling price for Marmora and Lake real estate was $541,250 in the last 30 days (January 21 - February 19), which is collectively $34,700 (7.3%) lower than the average asking price of $476,650. This represents a decline of $18,067 (108.6%) compared to $16,633 (2.9%) Sold-Under-Asking price from the previous 30 day period (December 22 - January 20).

The maximum Sold Over/Under Asking ratio in Marmora and Lake during the last 12 months was recorded in April, 2024 with an average of $12,437 under the asking price, while the minimum occurring in August, 2024 with $35,218 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 Marmora and Lake was 28.6% with 4 properties sold and 8 new properties listed in the past 30 days (January 21 - February 19). This represents a decrease from 37.5% recorded during the previous 30 day period (December 22 - January 20), and a decrease from 111.1% compared to the same period one year ago.

Over the the last year the highest SNLR in Marmora and Lake was 125.0% recorded in November and the lowest was in September at 6.7%. 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 Marmora and Lake in the last 30 days (January 21 - February 19) was 57 days, which is 39 days less than 96 days average in the previous 30 day period (December 22 - January 20) and 34 days shorter than during the same period a year ago (91 days).

There were 5 delisted properties in Marmora and Lake, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 64 days on the market. This is 130 days shorter than the average of 194 days during the previous 30 day period (December 22 - January 20) and 67 days less compared to the same period last year average of 131 days on the market.

5 Marmora and Lake properties that didn't sell stayed on the market 12.3% longer than 4 that sucessfully sold over the last 30 days - 57 days when sold vs 64 days when delisted respectively.

Average Days on the Market in Marmora and Lake over the past 12 months for properties that have sold was 52.0 days, with 112.0 days for those properties that did not sell.

14 new properties were listed on the market in Marmora and Lake in the last 30 days (January 21 - February 19). During the same time 4 properties were sold and 5 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 5 properties (or 35.7%).

During the previous 30 day period (December 22 - January 20) there were 8 new properties listed, 3 sold and 11 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was June with 27 new properties listed, the slowest - December with 5 new listings and a yearly average of 15 new listings per month.

There were a total of 14 homes listed during the last 30 days (January 21 - February 19), which is 100.0% of all properties listed in Marmora and Lake. This is a 75.0% increase compared with a previous 30 day period (December 22 - January 20) and 55.6% up from the same period a year ago. Over the past year an average of 15 homes are were listed per month.

There were a total of 4 homes sold during the last 30 days (January 21 - February 19), which is 100.0% of all properties sold in Marmora and Lake. This is a 33.3% increase compared with a previous 30 day period (December 22 - January 20) and 60.0% down from the same period a year ago. Over the past year an average of 7 homes are were sold per month.