North York Real Estate Statistics
North York Real Estate Price Trend
North York real estate average sold price in the last 30 days (January 21 - February 19) was $1,060,570, which is $125,485 (11.8%) higher than the average price of $935,085 in the previous 30 day period (December 22 - January 20), and $39,576 (3.7%) down from the same period 1 year ago ($1,100,146). North York real estate prices over the last 30 days are also $100,529 (9.5%) lower than the average selling price of $1,161,099 over the past year.
North York average sold price for homes was $1,651,249 in the last 30 days (January 21 - February 19), which is $88,291 (5.3%) up from the average home price of $1,562,958 in the previous 30 day period (December 22 - January 20), and $134,230 (8.1%) lower than the same period 1 year ago ($1,785,479). In the last 30 days North York the average home price was $172,731 (10.5%) lower than the average selling price of $1,823,980 over the last 12 months.
Average North York condo sold price over the last 30 days (January 21 - February 19) was $636,180. During this period it was $12,283 (1.9%) down from the average price of condo of $648,463 during the previous 30 days (December 22 - January 20), and $39,653 (6.2%) lower compared to the same period 1 year ago ($675,833). In the last 30 days North York the average condo price was $43,494 (6.8%) lower than the average selling price of $679,674 over the last year.
Average sold price of North York townhouse was $915,484 in the last 30 days (January 21 - February 19), up $108,716 (11.9%) from the average townhome price of $806,768 over the previous 30 days (December 22 - January 20), and $71,362 (7.8%) higher than during to the same period 1 year ago ($844,122). Over the last 30 days the average townhouse price in North York was $16,900 (1.8%) higher compared to the average selling price of $898,584 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for North York real estate was $1,060,570 in the last 30 days (January 21 - February 19), which is collectively $26,451 (1.8%) lower than the average asking price of $1,437,627. This represents an increase of $4,621 (14.9%) compared to $31,072 (2.5%) Sold-Under-Asking price from the previous 30 day period (December 22 - January 20).
The maximum Sold Over/Under Asking ratio in North York during the last 12 months was recorded in March, 2024 with an average of $9,026 over the asking price, while the minimum occurring in December, 2024 with $33,016 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 North York was 30.9% with 379 properties sold and 805 new properties listed in the past 30 days (January 21 - February 19). This represents a decrease from 38.4% recorded during the previous 30 day period (December 22 - January 20), and a decrease from 50.6% compared to the same period one year ago.
Over the the last year the highest SNLR in North York was 76.9% recorded in December and the lowest was in September at 28.4%. 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 379 properties that were successfully sold in North York in the last 30 days (January 21 - February 19) was 36 days, which is 7 days less than 43 days average in the previous 30 day period (December 22 - January 20) and 3 days longer than during the same period a year ago (33 days).
There were 588 delisted properties in North York, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 76 days on the market. This is 11 days shorter than the average of 87 days during the previous 30 day period (December 22 - January 20) and 4 days more compared to the same period last year average of 72 days on the market.
588 North York properties that didn't sell stayed on the market 111.1% longer than 379 that sucessfully sold over the last 30 days - 36 days when sold vs 76 days when delisted respectively.
Average Days on the Market in North York over the past 12 months for properties that have sold was 29.1 days, with 59.8 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
1,225 new properties were listed on the market in North York in the last 30 days (January 21 - February 19). During the same time 379 properties were sold and 588 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 258 properties (or 21.1%).
During the previous 30 day period (December 22 - January 20) there were 805 new properties listed, 309 sold and 849 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was May with 1,886 new properties listed, the slowest - December with 542 new listings and a yearly average of 1,402 new listings per month.
New Real Estate Listings by Property Type
There were a total of 461 homes listed during the last 30 days (January 21 - February 19), which is 37.6% of all properties listed in North York. This is a 88.2% increase compared with a previous 30 day period (December 22 - January 20) and 32.5% up from the same period a year ago. Over the past year an average of 524 homes are were listed per month.
658 condo units were listed in the last 30 days (January 21 - February 19) in North York, which represents 53.7% of all new listings. This is up 34.8% from the prior 30 day period (December 22 - January 20) and 9.8% more compared to the same period last year. There were 737 condos listed per month on average during the last 12 months.
106 townhomes were listed over the last 30 days (January 21 - February 19) in North York, which is 8.7% of all new real estate inventory. This is a 47.2% more than during the previous 30 day period (December 22 - January 20) and 7.8% decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 141 a month.
Real Estate Sales by Property Type
There were a total of 148 homes sold during the last 30 days (January 21 - February 19), which is 39.1% of all properties sold in North York. This is a 60.9% increase compared with a previous 30 day period (December 22 - January 20) and 24.9% down from the same period a year ago. Over the past year an average of 246 homes are were sold per month.
193 condo units were sold in the last 30 days (January 21 - February 19) in North York, which represents 50.9% of all sold properties. This is up 2.1% from the prior 30 day period (December 22 - January 20) and 32.3% less compared to the same period last year. There were 300 condos sold per month on average during the last 12 months.
38 townhomes were sold over the last 30 days (January 21 - February 19) in North York, which is 10.0% of all sold real estate. This is a 35.7% more than during the previous 30 day period (December 22 - January 20) and 30.9% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 58 a month.