Marmora and Lake Real Estate Statistics

Marmora and Lake real estate average sold price in the last 30 days (November 21 - December 20) was $508,000, which is $152,000 (29.9%) lower than the average price of $660,000 in the previous 30 day period (October 22 - November 20), and $8,125 (1.6%) up from the same period 1 year ago ($499,875). Marmora and Lake real estate prices over the last 30 days are also $53,253 (10.5%) lower than the average selling price of $561,253 over the past year.

Marmora and Lake average sold price for homes was $508,000 in the last 30 days (November 21 - December 20), which is $152,000 (29.9%) down from the average home price of $660,000 in the previous 30 day period (October 22 - November 20), and $8,125 (1.6%) higher than the same period 1 year ago ($499,875). In the last 30 days Marmora and Lake the average home price was $53,253 (10.5%) lower than the average selling price of $561,253 over the last 12 months.

Average selling price for Marmora and Lake real estate was $508,000 in the last 30 days (November 21 - December 20), which is collectively $23,500 (4.4%) lower than the average asking price of $535,485. This represents a decline of $3,286 (16.3%) compared to $20,214 (4.4%) Sold-Under-Asking price from the previous 30 day period (October 22 - November 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 December, 2023 with $54,933 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 71.4% with 5 properties sold and 9 new properties listed in the past 30 days (November 21 - December 20). This represents a decrease from 155.6% recorded during the previous 30 day period (October 22 - November 20), and a decrease from 200.0% compared to the same period one year ago.

Over the the last year the highest SNLR in Marmora and Lake was 300.0% recorded in December 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 5 properties that were successfully sold in Marmora and Lake in the last 30 days (November 21 - December 20) was 31 days, which is 7 days less than 38 days average in the previous 30 day period (October 22 - November 20) and 28 days shorter than during the same period a year ago (59 days).

There were 14 delisted properties in Marmora and Lake, those that got either Expired, Suspended or Terminated over the last 30 days (November 21 - December 20) with an average of 120 days on the market. This is 17 days longer than the average of 103 days during the previous 30 day period (October 22 - November 20) and 49 days more compared to the same period last year average of 71 days on the market.

14 Marmora and Lake properties that didn't sell stayed on the market 287.1% longer than 5 that sucessfully sold over the last 30 days - 31 days when sold vs 120 days when delisted respectively.

Average Days on the Market in Marmora and Lake over the past 12 months for properties that have sold was 58.3 days, with 117.0 days for those properties that did not sell.

7 new properties were listed on the market in Marmora and Lake in the last 30 days (November 21 - December 20). During the same time 5 properties were sold and 14 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 12 properties (or 171.4%).

During the previous 30 day period (October 22 - November 20) there were 9 new properties listed, 14 sold and 18 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 1 new listings and a yearly average of 14 new listings per month.

There were a total of 7 homes listed during the last 30 days (November 21 - December 20), which is 100.0% of all properties listed in Marmora and Lake. This is a 22.2% decline compared with a previous 30 day period (October 22 - November 20) and 250.0% 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 5 homes sold during the last 30 days (November 21 - December 20), which is 100.0% of all properties sold in Marmora and Lake. This is a 64.3% decline compared with a previous 30 day period (October 22 - November 20) and 25.0% up from the same period a year ago. Over the past year an average of 8 homes are were sold per month.