Penetanguishene Real Estate Statistics

Penetanguishene real estate average sold price in the last 30 days (January 21 - February 19) was $718,071, which is $66,371 (9.2%) higher than the average price of $651,700 in the previous 30 day period (December 22 - January 20), and $227,446 (31.7%) up from the same period 1 year ago ($490,625). Penetanguishene real estate prices over the last 30 days are also $50,746 (7.1%) higher than the average selling price of $667,326 over the past year.

Penetanguishene average sold price for homes was $776,700 in the last 30 days (January 21 - February 19), which is $146,950 (18.9%) up from the average home price of $629,750 in the previous 30 day period (December 22 - January 20), and $286,075 (36.8%) higher than the same period 1 year ago ($490,625). In the last 30 days Penetanguishene the average home price was $85,333 (11.0%) higher than the average selling price of $691,367 over the last 12 months.

Average selling price for Penetanguishene real estate was $718,071 in the last 30 days (January 21 - February 19), which is collectively $34,055 (4.1%) lower than the average asking price of $821,209. This represents a decline of $17,015 (99.9%) compared to $17,040 (2.3%) Sold-Under-Asking price from the previous 30 day period (December 22 - January 20).

The maximum Sold Over/Under Asking ratio in Penetanguishene during the last 12 months was recorded in May, 2024 with an average of $9,505 under the asking price, while the minimum occurring in October, 2024 with $31,483 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 35.0% with 7 properties sold and 15 new properties listed in the past 30 days (January 21 - February 19). This represents an increase from 33.3% recorded during the previous 30 day period (December 22 - January 20), and an increase from 20.0% compared to the same period one year ago.

Over the the last year the highest SNLR in Penetanguishene was 607.7% recorded in December and the lowest was in August at 32.0%. 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.

The Average Days on the Market (DOM) for 7 properties that were successfully sold in Penetanguishene in the last 30 days (January 21 - February 19) was 76 days, which is 4 days more than 72 days average in the previous 30 day period (December 22 - January 20) and 60 days longer than during the same period a year ago (16 days).

There were 6 delisted properties in Penetanguishene, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 120 days on the market. This is 28 days longer than the average of 92 days during the previous 30 day period (December 22 - January 20) and 52 days more compared to the same period last year average of 68 days on the market.

6 Penetanguishene properties that didn't sell stayed on the market 57.9% longer than 7 that sucessfully sold over the last 30 days - 76 days when sold vs 120 days when delisted respectively.

Average Days on the Market in Penetanguishene over the past 12 months for properties that have sold was 51.2 days, with 86.6 days for those properties that did not sell.

20 new properties were listed on the market in Penetanguishene in the last 30 days (January 21 - February 19). During the same time 7 properties were sold and 6 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 7 properties (or 35.0%).

During the previous 30 day period (December 22 - January 20) there were 15 new properties listed, 5 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 May with 44 new properties listed, the slowest - December with 13 new listings and a yearly average of 27 new listings per month.

There were a total of 16 homes listed during the last 30 days (January 21 - February 19), which is 80.0% of all properties listed in Penetanguishene. This is a 33.3% increase compared with a previous 30 day period (December 22 - January 20) and 5.9% down from the same period a year ago. Over the past year an average of 23 homes are were listed per month.

4 townhomes were listed over the last 30 days (January 21 - February 19) in Penetanguishene, which is 20.0% of all new real estate inventory. This is a 33.3% more than during the previous 30 day period (December 22 - January 20) and 300.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 3 a month.

There were a total of 5 homes sold during the last 30 days (January 21 - February 19), which is 71.4% of all properties sold in Penetanguishene. This is a 25.0% increase compared with a previous 30 day period (December 22 - January 20) and 25.0% up from the same period a year ago. Over the past year an average of 16 homes are were sold per month.