Marmora and Lake Real Estate Statistics

Marmora and Lake real estate average sold price in the last 30 days (March 27 - April 25) was $607,960, which is $36,060 (5.9%) higher than the average price of $571,900 in the previous 30 day period (February 26 - March 26), and $70,960 (11.7%) up from the same period 1 year ago ($537,000). Marmora and Lake real estate prices over the last 30 days are also $142,849 (23.5%) higher than the average selling price of $465,111 over the past year.

Marmora and Lake average sold price for homes was $607,960 in the last 30 days (March 27 - April 25), which is $36,060 (5.9%) up from the average home price of $571,900 in the previous 30 day period (February 26 - March 26), and $70,960 (11.7%) higher than the same period 1 year ago ($537,000). In the last 30 days Marmora and Lake the average home price was $142,849 (23.5%) higher than the average selling price of $465,111 over the last 12 months.

Average selling price for Marmora and Lake real estate was $607,960 in the last 30 days (March 27 - April 25), which is collectively $9,940 (1.6%) lower than the average asking price of $640,022. This represents an increase of $7,440 (42.8%) compared to $17,380 (2.8%) Sold-Under-Asking price from the previous 30 day period (February 26 - March 26).

The maximum Sold Over/Under Asking ratio in Marmora and Lake during the last 12 months was recorded in July, 2023 with an average of $6,199 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 27.8% with 5 properties sold and 10 new properties listed in the past 30 days (March 27 - April 25). This represents a decrease from 100.0% recorded during the previous 30 day period (February 26 - March 26), and a decrease from 71.4% compared to the same period one year ago.

Over the the last year the highest SNLR in Marmora and Lake was 9,190.0% recorded in July and the lowest was in May at 46.2%. 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 (March 27 - April 25) was 50 days, which is 3 days more than 47 days average in the previous 30 day period (February 26 - March 26) and 11 days shorter than during the same period a year ago (61 days).

There were 8 delisted properties in Marmora and Lake, those that got either Expired, Suspended or Terminated over the last 30 days (March 27 - April 25) with an average of 48 days on the market. This is 153 days shorter than the average of 201 days during the previous 30 day period (February 26 - March 26) and 1 days more compared to the same period last year average of 47 days on the market.

8 Marmora and Lake properties that didn't sell stayed on the market 4.0% longer than 5 that sucessfully sold over the last 30 days - 50 days when sold vs 48 days when delisted respectively.

Average Days on the Market in Marmora and Lake over the past 12 months for properties that have sold was 53.4 days, with 89.9 days for those properties that did not sell.

18 new properties were listed on the market in Marmora and Lake in the last 30 days (March 27 - April 25). During the same time 5 properties were sold and 8 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 5 properties (or 27.8%).

During the previous 30 day period (February 26 - March 26) there were 10 new properties listed, 10 sold and 6 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was October with 24 new properties listed, the slowest - December with 1 new listings and a yearly average of 12 new listings per month.

There were a total of 18 homes listed during the last 30 days (March 27 - April 25), which is 100.0% of all properties listed in Marmora and Lake. This is a 80.0% increase compared with a previous 30 day period (February 26 - March 26) and 157.1% up from the same period a year ago. Over the past year an average of 12 homes are were listed per month.

There were a total of 5 homes sold during the last 30 days (March 27 - April 25), which is 100.0% of all properties sold in Marmora and Lake. This is a 50.0% decline compared with a previous 30 day period (February 26 - March 26) and 0.0% down from the same period a year ago. Over the past year an average of 100 homes are were sold per month.