Port Hope Real Estate Statistics
Port Hope Real Estate Price Trend
Port Hope real estate average sold price in the last 30 days (October 21 - November 19) was $776,454, which is $522 (0.1%) lower than the average price of $776,976 in the previous 30 day period (September 21 - October 20), and $48,545 (6.3%) up from the same period 1 year ago ($727,909). Port Hope real estate prices over the last 30 days are also $34,706 (4.5%) higher than the average selling price of $741,748 over the past year.
Port Hope average sold price for homes was $785,571 in the last 30 days (October 21 - November 19), which is $10,379 (1.3%) down from the average home price of $795,950 in the previous 30 day period (September 21 - October 20), and $15,929 (2.0%) lower than the same period 1 year ago ($801,500). In the last 30 days Port Hope the average home price was $16,789 (2.1%) higher than the average selling price of $768,782 over the last 12 months.
Average sold price of Port Hope townhouse was $585,000 in the last 30 days (October 21 - November 19), up $187,500 (32.1%) from the average townhome price of $397,500 over the previous 30 days (September 21 - October 20), and $53,334 (9.1%) higher than during to the same period 1 year ago ($531,666). Over the last 30 days the average townhouse price in Port Hope was $128,716 (22.0%) higher compared to the average selling price of $456,284 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Port Hope real estate was $776,454 in the last 30 days (October 21 - November 19), which is collectively $21,095 (2.3%) lower than the average asking price of $929,585. This represents a decline of $14,738 (231.8%) compared to $6,357 (0.8%) Sold-Under-Asking price from the previous 30 day period (September 21 - October 20).
The maximum Sold Over/Under Asking ratio in Port Hope during the last 12 months was recorded in March, 2024 with an average of $4,703 over the asking price, while the minimum occurring in January, 2024 with $29,947 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 Port Hope was 104.8% with 22 properties sold and 42 new properties listed in the past 30 days (October 21 - November 19). This represents an increase from 50.0% recorded during the previous 30 day period (September 21 - October 20), and an increase from 35.5% compared to the same period one year ago.
Over the the last year the highest SNLR in Port Hope was 100.0% recorded in January and the lowest was in November at 25.7%. 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 22 properties that were successfully sold in Port Hope in the last 30 days (October 21 - November 19) was 35 days, which is 21 days more than 14 days average in the previous 30 day period (September 21 - October 20) and 14 days longer than during the same period a year ago (21 days).
There were 15 delisted properties in Port Hope, those that got either Expired, Suspended or Terminated over the last 30 days (October 21 - November 19) with an average of 64 days on the market. This is 3 days longer than the average of 61 days during the previous 30 day period (September 21 - October 20) and 1 days more compared to the same period last year average of 63 days on the market.
15 Port Hope properties that didn't sell stayed on the market 82.9% longer than 22 that sucessfully sold over the last 30 days - 35 days when sold vs 64 days when delisted respectively.
Average Days on the Market in Port Hope over the past 12 months for properties that have sold was 31.0 days, with 80.5 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
21 new properties were listed on the market in Port Hope in the last 30 days (October 21 - November 19). During the same time 22 properties were sold and 15 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 16 properties (or 76.2%).
During the previous 30 day period (September 21 - October 20) there were 42 new properties listed, 21 sold and 24 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was September with 53 new properties listed, the slowest - December with 8 new listings and a yearly average of 37 new listings per month.
New Real Estate Listings by Property Type
There were a total of 19 homes listed during the last 30 days (October 21 - November 19), which is 90.5% of all properties listed in Port Hope. This is a 48.6% decline compared with a previous 30 day period (September 21 - October 20) and 34.5% down from the same period a year ago. Over the past year an average of 34 homes are were listed per month.
2 condo units were listed in the last 30 days (October 21 - November 19) in Port Hope, which represents 9.5% of all new listings. This is down 0.0% from the prior 30 day period (September 21 - October 20) and 100.0% more compared to the same period last year. There were 1 condos listed per month on average during the last 12 months.
Real Estate Sales by Property Type
There were a total of 21 homes sold during the last 30 days (October 21 - November 19), which is 95.5% of all properties sold in Port Hope. This is a 5.0% increase compared with a previous 30 day period (September 21 - October 20) and 162.5% up from the same period a year ago. Over the past year an average of 19 homes are were sold per month.
1 townhomes were sold over the last 30 days (October 21 - November 19) in Port Hope, which is 4.5% of all sold real estate. This is a 0.0% less than during the previous 30 day period (September 21 - October 20) and 66.7% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 2 a month.