North Bay Real Estate Statistics

North Bay Real Estate Price Trend
North Bay real estate average sold price in the last 30 days (February 27 - March 27) was $431,250, which is $127,150 (29.5%) higher than the average price of $304,100 in the previous 30 day period (January 28 - February 26), and $132,250 (30.7%) up from the same period 1 year ago ($299,000). North Bay real estate prices over the last 30 days are also $173,809 (40.3%) higher than the average selling price of $257,441 over the past year.
Sold Price Above/Below Asking ($)
Average selling price for North Bay real estate was $431,250 in the last 30 days (February 27 - March 27), which is collectively $25,699 (5.2%) lower than the average asking price of $494,900. This represents a decline of $24,879 (3,034.0%) compared to $820 (0.1%) Sold-Under-Asking price from the previous 30 day period (January 28 - February 26).
The maximum Sold Over/Under Asking ratio in North Bay during the last 12 months was recorded in June, 2023 with an average of $21,000 over the asking price, while the minimum occurring in November, 2023 with $29,950 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 Bay was 50.0% with 2 properties sold and 2 new properties listed in the past 30 days (February 27 - March 27). This represents a decrease from 250.0% recorded during the previous 30 day period (January 28 - February 26), and a decrease from 100.0% compared to the same period one year ago.
Over the the last year the highest SNLR in North Bay was 650.0% recorded in July and the lowest was in April 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.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 2 properties that were successfully sold in North Bay in the last 30 days (February 27 - March 27) was 23 days, which is 10 days less than 33 days average in the previous 30 day period (January 28 - February 26) and 23 days longer than during the same period a year ago (0 days).
There were 1 delisted properties in North Bay, those that got either Expired, Suspended or Terminated over the last 30 days (February 27 - March 27) with an average of 122 days on the market. This is 7 days longer than the average of 115 days during the previous 30 day period (January 28 - February 26) and 122 days more compared to the same period last year average of 0 days on the market.
1 North Bay properties that didn't sell stayed on the market 430.4% longer than 2 that sucessfully sold over the last 30 days - 23 days when sold vs 122 days when delisted respectively.
Average Days on the Market in North Bay over the past 12 months for properties that have sold was 13.3 days, with 46.5 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
4 new properties were listed on the market in North Bay in the last 30 days (February 27 - March 27). During the same time 2 properties were sold and 1 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 1 properties (or 25.0%).
During the previous 30 day period (January 28 - February 26) there were 2 new properties listed, 5 sold and 2 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was May with 5 new properties listed, the slowest - October with 0 new listings and a yearly average of 2 new listings per month.
New Real Estate Listings by Property Type
There were a total of 4 homes listed during the last 30 days (February 27 - March 27), which is 100.0% of all properties listed in North Bay. This is a 100.0% increase compared with a previous 30 day period (January 28 - February 26) and 300.0% up from the same period a year ago. Over the past year an average of 2 homes are were listed per month.
Real Estate Sales by Property Type
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