Marmora and Lake Real Estate Statistics

Marmora and Lake Real Estate Price Trend
Marmora and Lake real estate average sold price in the last 30 days (August 28 - September 26) was $404,375, which is $230,625 (57.0 %) lower than the average price of $635,000 in the previous 30 day period (July 29 - August 27), and $64,618 (16.0 %) down from the same period 1 year ago ($468,993). Marmora and Lake real estate prices over the last 30 days are also $557,389 (137.8 %) lower than the average selling price of $961,764 over the past year.
Marmora and Lake average sold price for homes was $404,375 in the last 30 days (August 28 - September 26), which is $230,625 (57.0 %) down from the average home price of $635,000 in the previous 30 day period (July 29 - August 27), and $64,618 (16.0 %) lower than the same period 1 year ago ($468,993). In the last 30 days Marmora and Lake the average home price was $557,389 (137.8 %) lower than the average selling price of $961,764 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Marmora and Lake real estate was $404,375 in the last 30 days (August 28 - September 26), which is collectively $25,600 (3.9 %) lower than the average asking price of $648,325. This represents a decline of $10,650 (71.2 %) compared to $14,950 (3.0 %) Sold-Under-Asking price from the previous 30 day period (July 29 - August 27).
The maximum Sold Over/Under Asking ratio in Marmora and Lake during the last 12 months was recorded in March, 2022 with an average of $81,300 over the asking price, while the minimum occurring in December, 2021 with $130,000 below the asking price.
Sales to New Listings Ratio
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 50.0 % with 4 properties sold and 2 new properties listed in the past 30 days (August 28 - September 26). This represents a decrease from 100.0 % recorded during the previous 30 day period (July 29 - August 27), and a decrease from 400.0 % compared to the same period one year ago.
Over the the last year the highest SNLR in Marmora and Lake was 200.0 % recorded in September and the lowest was in October at 50.0 %. 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.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 4 properties that were successfully sold in Marmora and Lake in the last 30 days (August 28 - September 26) was 72 days, which is 53 days more than 19 days average in the previous 30 day period (July 29 - August 27) and 54 days longer than during the same period a year ago (18 days).
There were 7 delisted properties in Marmora and Lake, those that got either Expired, Suspended or Terminated over the last 30 days (August 28 - September 26) with an average of 72 days on the market. This is 28 days longer than the average of 44 days during the previous 30 day period (July 29 - August 27) and 67 days more compared to the same period last year average of 5 days on the market.
7 Marmora and Lake properties that didn't sell stayed on the market 0.0 % longer than 4 that sucessfully sold over the last 30 days - 72 days when sold vs 72 days when delisted respectively.
Average Days on the Market in Marmora and Lake over the past 12 months for properties that have sold was 38.7 days, with 52.7 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
8 new properties were listed on the market in Marmora and Lake in the last 30 days (August 28 - September 26). During the same time 4 properties were sold and 7 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 3 properties (or 37.5 %).
During the previous 30 day period (July 29 - August 27) there were 2 new properties listed, 2 sold and 4 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was April with 12 new properties listed, the slowest - December with 2 new listings and a yearly average of 5 new listings per month.
New Real Estate Listings by Property Type
There were a total of 8 homes listed during the last 30 days (August 28 - September 26), which is 100.0 % of all properties listed in Marmora and Lake. This is a 300.0 % increase compared with a previous 30 day period (July 29 - August 27) and 300.0 % up from the same period a year ago. Over the past year an average of 5 homes are were listed per month.
Real Estate Sales by Property Type
There were a total of 4 homes sold during the last 30 days (August 28 - September 26), which is 100.0 % of all properties sold in Marmora and Lake. This is a 100.0 % increase compared with a previous 30 day period (July 29 - August 27) and 50.0 % down from the same period a year ago. Over the past year an average of 4 homes are were sold per month.
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