Strathroy-Caradoc Real Estate Statistics

Strathroy-Caradoc real estate average sold price in the last 30 days (March 20 - April 18) was $667,553, which is $39,313 (5.9%) lower than the average price of $706,866 in the previous 30 day period (February 19 - March 19), and $204,947 (30.7%) down from the same period 1 year ago ($872,500). Strathroy-Caradoc real estate prices over the last 30 days are also $74,392 (11.1%) higher than the average selling price of $593,162 over the past year.

Strathroy-Caradoc average sold price for homes was $688,292 in the last 30 days (March 20 - April 18), which is $60,704 (8.8%) down from the average home price of $748,996 in the previous 30 day period (February 19 - March 19), and $184,208 (26.8%) lower than the same period 1 year ago ($872,500). In the last 30 days Strathroy-Caradoc the average home price was $84,476 (12.3%) higher than the average selling price of $603,816 over the last 12 months.

Average selling price for Strathroy-Caradoc real estate was $667,553 in the last 30 days (March 20 - April 18), which is collectively $14,427 (1.9%) lower than the average asking price of $748,370. This represents an increase of $3,019 (17.3%) compared to $17,446 (1.7%) Sold-Under-Asking price from the previous 30 day period (February 19 - March 19).

The maximum Sold Over/Under Asking ratio in Strathroy-Caradoc during the last 12 months was recorded in May, 2023 with an average of $62,600 over the asking price, while the minimum occurring in September, 2023 with $53,950 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 Strathroy-Caradoc was 272.2% with 49 properties sold and 6 new properties listed in the past 30 days (March 20 - April 18). This represents a decrease from 516.7% recorded during the previous 30 day period (February 19 - March 19), and an increase from 200.0% compared to the same period one year ago.

Over the the last year the highest SNLR in Strathroy-Caradoc was 22,983.3% recorded in February and the lowest was in August at 0.0%. 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 49 properties that were successfully sold in Strathroy-Caradoc in the last 30 days (March 20 - April 18) was 41 days, which is 3 days more than 38 days average in the previous 30 day period (February 19 - March 19) and 22 days longer than during the same period a year ago (19 days).

There were 28 delisted properties in Strathroy-Caradoc, those that got either Expired, Suspended or Terminated over the last 30 days (March 20 - April 18) with an average of 86 days on the market. This is 27 days shorter than the average of 113 days during the previous 30 day period (February 19 - March 19) and 24 days more compared to the same period last year average of 62 days on the market.

28 Strathroy-Caradoc properties that didn't sell stayed on the market 109.8% longer than 49 that sucessfully sold over the last 30 days - 41 days when sold vs 86 days when delisted respectively.

Average Days on the Market in Strathroy-Caradoc over the past 12 months for properties that have sold was 28.8 days, with 73.6 days for those properties that did not sell.

18 new properties were listed on the market in Strathroy-Caradoc in the last 30 days (March 20 - April 18). During the same time 49 properties were sold and 28 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 59 properties (or 327.8%).

During the previous 30 day period (February 19 - March 19) there were 6 new properties listed, 31 sold and 816 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was November with 7 new properties listed, the slowest - April with 1 new listings and a yearly average of 3 new listings per month.

There were a total of 18 homes listed during the last 30 days (March 20 - April 18), which is 100.0% of all properties listed in Strathroy-Caradoc. This is a 200.0% increase compared with a previous 30 day period (February 19 - March 19) and 1,700.0% up from the same period a year ago. Over the past year an average of 3 homes are were listed per month.

There were a total of 44 homes sold during the last 30 days (March 20 - April 18), which is 89.8% of all properties sold in Strathroy-Caradoc. This is a 69.2% increase compared with a previous 30 day period (February 19 - March 19) and 2,100.0% up from the same period a year ago. Over the past year an average of 172 homes are were sold per month.