Kitchener Real Estate Statistics

Kitchener real estate average sold price in the last 30 days (March 27 - April 25) was $773,800, which is $29,089 (3.8%) higher than the average price of $744,711 in the previous 30 day period (February 26 - March 26), and $11,639 (1.5%) up from the same period 1 year ago ($762,161). Kitchener real estate prices over the last 30 days are also $54,738 (7.1%) higher than the average selling price of $719,062 over the past year.

Kitchener average sold price for homes was $939,796 in the last 30 days (March 27 - April 25), which is $48,086 (5.1%) up from the average home price of $891,710 in the previous 30 day period (February 26 - March 26), and $62,895 (6.7%) higher than the same period 1 year ago ($876,901). In the last 30 days Kitchener the average home price was $83,839 (8.9%) higher than the average selling price of $855,957 over the last 12 months.

Average Kitchener condo sold price over the last 30 days (March 27 - April 25) was $401,480. During this period it was $7,891 (2.0%) up from the average price of condo of $393,589 during the previous 30 days (February 26 - March 26), and $93,270 (23.2%) lower compared to the same period 1 year ago ($494,750). In the last 30 days Kitchener the average condo price was $24,416 (6.1%) lower than the average selling price of $425,896 over the last year.

Average sold price of Kitchener townhouse was $570,684 in the last 30 days (March 27 - April 25), down $85,438 (15.0%) from the average townhome price of $656,122 over the previous 30 days (February 26 - March 26), and $65,180 (11.4%) lower than during to the same period 1 year ago ($635,864). Over the last 30 days the average townhouse price in Kitchener was $66,285 (11.6%) lower compared to the average selling price of $636,969 over the last 12 months.

Average selling price for Kitchener real estate was $773,800 in the last 30 days (March 27 - April 25), which is collectively $13,737 (1.9%) higher than the average asking price of $738,294. This represents a decline of $2,105 (13.3%) compared to $15,842 (2.0%) Sold-Over-Asking price from the previous 30 day period (February 26 - March 26).

The maximum Sold Over/Under Asking ratio in Kitchener during the last 12 months was recorded in June, 2023 with an average of $61,835 over the asking price, while the minimum occurring in January, 2024 with $6,506 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 Kitchener was 69.0% with 198 properties sold and 238 new properties listed in the past 30 days (March 27 - April 25). This represents a decrease from 70.2% recorded during the previous 30 day period (February 26 - March 26), and a decrease from 88.3% compared to the same period one year ago.

Over the the last year the highest SNLR in Kitchener was 131.9% recorded in January and the lowest was in September at 50.6%. 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 198 properties that were successfully sold in Kitchener in the last 30 days (March 27 - April 25) was 21 days, which is 0 days more than 21 days average in the previous 30 day period (February 26 - March 26) and 5 days longer than during the same period a year ago (16 days).

There were 176 delisted properties in Kitchener, those that got either Expired, Suspended or Terminated over the last 30 days (March 27 - April 25) with an average of 44 days on the market. This is 30 days shorter than the average of 74 days during the previous 30 day period (February 26 - March 26) and 12 days less compared to the same period last year average of 56 days on the market.

176 Kitchener properties that didn't sell stayed on the market 109.5% longer than 198 that sucessfully sold over the last 30 days - 21 days when sold vs 44 days when delisted respectively.

Average Days on the Market in Kitchener over the past 12 months for properties that have sold was 20.7 days, with 49.2 days for those properties that did not sell.

287 new properties were listed on the market in Kitchener in the last 30 days (March 27 - April 25). During the same time 198 properties were sold and 176 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 87 properties (or 30.3%).

During the previous 30 day period (February 26 - March 26) there were 238 new properties listed, 167 sold and 135 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was June with 289 new properties listed, the slowest - December with 67 new listings and a yearly average of 211 new listings per month.

There were a total of 165 homes listed during the last 30 days (March 27 - April 25), which is 57.5% of all properties listed in Kitchener. This is a 24.1% increase compared with a previous 30 day period (February 26 - March 26) and 55.7% up from the same period a year ago. Over the past year an average of 118 homes are were listed per month.

55 condo units were listed in the last 30 days (March 27 - April 25) in Kitchener, which represents 19.2% of all new listings. This is up 3.8% from the prior 30 day period (February 26 - March 26) and 103.7% more compared to the same period last year. There were 42 condos listed per month on average during the last 12 months.

67 townhomes were listed over the last 30 days (March 27 - April 25) in Kitchener, which is 23.3% of all new real estate inventory. This is a 28.8% more than during the previous 30 day period (February 26 - March 26) and 76.3% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 51 a month.

There were a total of 125 homes sold during the last 30 days (March 27 - April 25), which is 63.1% of all properties sold in Kitchener. This is a 33.0% increase compared with a previous 30 day period (February 26 - March 26) and 35.9% up from the same period a year ago. Over the past year an average of 95 homes are were sold per month.

35 condo units were sold in the last 30 days (March 27 - April 25) in Kitchener, which represents 17.7% of all sold properties. This is up 25.0% from the prior 30 day period (February 26 - March 26) and 59.1% more compared to the same period last year. There were 28 condos sold per month on average during the last 12 months.

38 townhomes were sold over the last 30 days (March 27 - April 25) in Kitchener, which is 19.2% of all sold real estate. This is a 15.6% less than during the previous 30 day period (February 26 - March 26) and 2.7% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 45 a month.