Penetanguishene Real Estate Statistics

Penetanguishene real estate average sold price in the last 30 days (March 26 - April 24) was $660,181, which is $19,441 (2.9%) higher than the average price of $640,740 in the previous 30 day period (February 25 - March 25), and $113,772 (17.2%) up from the same period 1 year ago ($546,409). Penetanguishene real estate prices over the last 30 days are also $46,422 (7.0%) higher than the average selling price of $613,759 over the past year.

Penetanguishene average sold price for homes was $660,181 in the last 30 days (March 26 - April 24), which is $30,744 (4.7%) down from the average home price of $690,925 in the previous 30 day period (February 25 - March 25), and $105,070 (15.9%) higher than the same period 1 year ago ($555,111). In the last 30 days Penetanguishene the average home price was $34,831 (5.3%) higher than the average selling price of $625,350 over the last 12 months.

Average selling price for Penetanguishene real estate was $660,181 in the last 30 days (March 26 - April 24), which is collectively $15,618 (2.3%) lower than the average asking price of $688,349. This represents an increase of $1,552 (9.0%) compared to $17,170 (1.9%) Sold-Under-Asking price from the previous 30 day period (February 25 - March 25).

The maximum Sold Over/Under Asking ratio in Penetanguishene during the last 12 months was recorded in November, 2023 with an average of $2,883 under the asking price, while the minimum occurring in January, 2024 with $32,338 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 Penetanguishene was 36.7% with 11 properties sold and 18 new properties listed in the past 30 days (March 26 - April 24). This represents a decrease from 55.6% recorded during the previous 30 day period (February 25 - March 25), and a decrease from 68.8% compared to the same period one year ago.

Over the the last year the highest SNLR in Penetanguishene was 1,752.6% recorded in July and the lowest was in January at 18.2%. 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 11 properties that were successfully sold in Penetanguishene in the last 30 days (March 26 - April 24) was 48 days, which is 7 days less than 55 days average in the previous 30 day period (February 25 - March 25) and 24 days longer than during the same period a year ago (24 days).

There were 28 delisted properties in Penetanguishene, those that got either Expired, Suspended or Terminated over the last 30 days (March 26 - April 24) with an average of 88 days on the market. This is 0 days longer than the average of 88 days during the previous 30 day period (February 25 - March 25) and 48 days more compared to the same period last year average of 40 days on the market.

28 Penetanguishene properties that didn't sell stayed on the market 83.3% longer than 11 that sucessfully sold over the last 30 days - 48 days when sold vs 88 days when delisted respectively.

Average Days on the Market in Penetanguishene over the past 12 months for properties that have sold was 33.1 days, with 62.5 days for those properties that did not sell.

30 new properties were listed on the market in Penetanguishene in the last 30 days (March 26 - April 24). During the same time 11 properties were sold and 28 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 9 properties (or 30.0%).

During the previous 30 day period (February 25 - March 25) there were 18 new properties listed, 10 sold and 13 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was August with 26 new properties listed, the slowest - December with 6 new listings and a yearly average of 17 new listings per month.

There were a total of 23 homes listed during the last 30 days (March 26 - April 24), which is 76.7% of all properties listed in Penetanguishene. This is a 53.3% increase compared with a previous 30 day period (February 25 - March 25) and 91.7% up from the same period a year ago. Over the past year an average of 15 homes are were listed per month.

5 townhomes were listed over the last 30 days (March 26 - April 24) in Penetanguishene, which is 16.7% of all new real estate inventory. This is a 66.7% more than during the previous 30 day period (February 25 - March 25) and 150.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 1 a month.

There were a total of 11 homes sold during the last 30 days (March 26 - April 24), which is 100.0% of all properties sold in Penetanguishene. This is a 37.5% increase compared with a previous 30 day period (February 25 - March 25) and 22.2% up from the same period a year ago. Over the past year an average of 36 homes are were sold per month.