North Bay Real Estate Statistics

North Bay real estate average sold price in the last 30 days (January 21 - February 19) was $465,772, which is $79,624 (17.1%) higher than the average price of $386,148 in the previous 30 day period (December 22 - January 20), and $150,147 (32.2%) up from the same period 1 year ago ($315,625). North Bay real estate prices over the last 30 days are also $60,711 (13.0%) higher than the average selling price of $405,061 over the past year.

North Bay average sold price for homes was $487,227 in the last 30 days (January 21 - February 19), which is $107,296 (22.0%) up from the average home price of $379,931 in the previous 30 day period (December 22 - January 20), and $103,727 (21.3%) higher than the same period 1 year ago ($383,500). In the last 30 days North Bay the average home price was $67,587 (13.9%) higher than the average selling price of $419,640 over the last 12 months.

Average North Bay condo sold price over the last 30 days (January 21 - February 19) was $303,333. During this period it was $114,167 (37.6%) down from the average price of condo of $417,500 during the previous 30 days (December 22 - January 20), and $191,333 (63.1%) higher compared to the same period 1 year ago ($112,000). In the last 30 days North Bay the average condo price was $179,313 (59.1%) higher than the average selling price of $124,020 over the last year.

Average selling price for North Bay real estate was $465,772 in the last 30 days (January 21 - February 19), which is collectively $2,286 (0.4%) higher than the average asking price of $524,322. This represents a decline of $7,582 (76.8%) compared to $9,868 (1.7%) Sold-Over-Asking price from the previous 30 day period (December 22 - January 20).

The maximum Sold Over/Under Asking ratio in North Bay during the last 12 months was recorded in January, 2025 with an average of $9,615 over the asking price, while the minimum occurring in May, 2024 with $20,266 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 North Bay was 163.6% with 36 properties sold and 22 new properties listed in the past 30 days (January 21 - February 19). This represents an increase from 131.8% recorded during the previous 30 day period (December 22 - January 20), and a decrease from 200.0% compared to the same period one year ago.

Over the the last year the highest SNLR in North Bay was 36,658.3% recorded in December and the lowest was in October at 20.0%. 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 36 properties that were successfully sold in North Bay in the last 30 days (January 21 - February 19) was 26 days, which is 2 days less than 28 days average in the previous 30 day period (December 22 - January 20) and 6 days shorter than during the same period a year ago (32 days).

There were 9 delisted properties in North Bay, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 64 days on the market. This is 30 days shorter than the average of 94 days during the previous 30 day period (December 22 - January 20) and 18 days less compared to the same period last year average of 82 days on the market.

9 North Bay properties that didn't sell stayed on the market 146.2% longer than 36 that sucessfully sold over the last 30 days - 26 days when sold vs 64 days when delisted respectively.

Average Days on the Market in North Bay over the past 12 months for properties that have sold was 35.8 days, with 62.3 days for those properties that did not sell.

22 new properties were listed on the market in North Bay in the last 30 days (January 21 - February 19). During the same time 36 properties were sold and 9 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 23 properties (or 104.5%).

During the previous 30 day period (December 22 - January 20) there were 22 new properties listed, 29 sold and 16 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was January with 19 new properties listed, the slowest - September with 3 new listings and a yearly average of 7 new listings per month.

There were a total of 21 homes listed during the last 30 days (January 21 - February 19), which is 95.5% of all properties listed in North Bay. This is a 5.0% increase compared with a previous 30 day period (December 22 - January 20) and 950.0% up from the same period a year ago. Over the past year an average of 7 homes are were listed per month.

There were a total of 30 homes sold during the last 30 days (January 21 - February 19), which is 83.3% of all properties sold in North Bay. This is a 36.4% increase compared with a previous 30 day period (December 22 - January 20) and 900.0% up from the same period a year ago. Over the past year an average of 472 homes are were sold per month.

3 condo units were sold in the last 30 days (January 21 - February 19) in North Bay, which represents 8.3% of all sold properties. This is down 0.0% from the prior 30 day period (December 22 - January 20) and 200.0% more compared to the same period last year. There were 13 condos sold per month on average during the last 12 months.