Kitchener Real Estate Statistics

Kitchener real estate average sold price in the last 30 days (October 27 - November 25) was $724,617, which is $13,430 (1.9%) lower than the average price of $738,047 in the previous 30 day period (September 27 - October 26), and $3,976 (0.5%) up from the same period 1 year ago ($720,641). Kitchener real estate prices over the last 30 days are also $15,780 (2.2%) higher than the average selling price of $708,836 over the past year.

Kitchener average sold price for homes was $817,152 in the last 30 days (October 27 - November 25), which is $13,257 (1.6%) down from the average home price of $830,409 in the previous 30 day period (September 27 - October 26), and $6,957 (0.9%) lower than the same period 1 year ago ($824,109). In the last 30 days Kitchener the average home price was $29,447 (3.6%) lower than the average selling price of $846,599 over the last 12 months.

Average Kitchener condo sold price over the last 30 days (October 27 - November 25) was $440,476. During this period it was $52,492 (11.9%) up from the average price of condo of $387,984 during the previous 30 days (September 27 - October 26), and $42,976 (9.8%) higher compared to the same period 1 year ago ($397,500). In the last 30 days Kitchener the average condo price was $52,173 (11.8%) higher than the average selling price of $388,303 over the last year.

Average sold price of Kitchener townhouse was $594,804 in the last 30 days (October 27 - November 25), down $67,711 (11.4%) from the average townhome price of $662,515 over the previous 30 days (September 27 - October 26), and $31,174 (5.2%) lower than during to the same period 1 year ago ($625,978). Over the last 30 days the average townhouse price in Kitchener was $20,466 (3.4%) lower compared to the average selling price of $615,270 over the last 12 months.

Average selling price for Kitchener real estate was $724,617 in the last 30 days (October 27 - November 25), which is collectively $564 (0.1%) higher than the average asking price of $741,082. This represents an increase of $5,949 (110.5%) compared to $5,385 (0.7%) Sold-Under-Asking price from the previous 30 day period (September 27 - October 26).

The maximum Sold Over/Under Asking ratio in Kitchener during the last 12 months was recorded in May, 2024 with an average of $26,762 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 75.1% with 184 properties sold and 293 new properties listed in the past 30 days (October 27 - November 25). This represents an increase from 51.5% recorded during the previous 30 day period (September 27 - October 26), and an increase from 66.1% 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 38.0%. 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 184 properties that were successfully sold in Kitchener in the last 30 days (October 27 - November 25) was 24 days, which is 2 days less than 26 days average in the previous 30 day period (September 27 - October 26) and 4 days longer than during the same period a year ago (20 days).

There were 218 delisted properties in Kitchener, those that got either Expired, Suspended or Terminated over the last 30 days (October 27 - November 25) with an average of 73 days on the market. This is 27 days longer than the average of 46 days during the previous 30 day period (September 27 - October 26) and 39 days more compared to the same period last year average of 34 days on the market.

218 Kitchener properties that didn't sell stayed on the market 204.2% longer than 184 that sucessfully sold over the last 30 days - 24 days when sold vs 73 days when delisted respectively.

Average Days on the Market in Kitchener over the past 12 months for properties that have sold was 23.0 days, with 52.4 days for those properties that did not sell.

245 new properties were listed on the market in Kitchener in the last 30 days (October 27 - November 25). During the same time 184 properties were sold and 218 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 157 properties (or 64.1%).

During the previous 30 day period (September 27 - October 26) there were 293 new properties listed, 151 sold and 216 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was May with 365 new properties listed, the slowest - December with 67 new listings and a yearly average of 249 new listings per month.

There were a total of 142 homes listed during the last 30 days (October 27 - November 25), which is 58.0% of all properties listed in Kitchener. This is a 9.0% decline compared with a previous 30 day period (September 27 - October 26) and 24.6% up from the same period a year ago. Over the past year an average of 138 homes are were listed per month.

46 condo units were listed in the last 30 days (October 27 - November 25) in Kitchener, which represents 18.8% of all new listings. This is down 29.2% from the prior 30 day period (September 27 - October 26) and 39.4% more compared to the same period last year. There were 48 condos listed per month on average during the last 12 months.

57 townhomes were listed over the last 30 days (October 27 - November 25) in Kitchener, which is 23.3% of all new real estate inventory. This is a 20.8% less than during the previous 30 day period (September 27 - October 26) and 72.7% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 62 a month.

There were a total of 122 homes sold during the last 30 days (October 27 - November 25), which is 66.3% of all properties sold in Kitchener. This is a 23.2% increase compared with a previous 30 day period (September 27 - October 26) and 67.1% up from the same period a year ago. Over the past year an average of 97 homes are were sold per month.

21 condo units were sold in the last 30 days (October 27 - November 25) in Kitchener, which represents 11.4% of all sold properties. This is up 10.5% from the prior 30 day period (September 27 - October 26) and 50.0% more compared to the same period last year. There were 27 condos sold per month on average during the last 12 months.

41 townhomes were sold over the last 30 days (October 27 - November 25) in Kitchener, which is 22.3% of all sold real estate. This is a 24.2% more than during the previous 30 day period (September 27 - October 26) and 28.1% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 41 a month.