Sault Ste Marie Real Estate Statistics

Sault Ste Marie real estate average sold price in the last 30 days (January 21 - February 19) was $281,000, which is $674,000 (239.9%) lower than the average price of $955,000 in the previous 30 day period (December 22 - January 20), and $16,050 (5.7%) up from the same period 1 year ago ($264,950). Sault Ste Marie real estate prices over the last 30 days are also $105,928 (37.7%) lower than the average selling price of $386,928 over the past year.

Sault Ste Marie average sold price for homes was $281,000 in the last 30 days (January 21 - February 19), which is $674,000 (239.9%) down from the average home price of $955,000 in the previous 30 day period (December 22 - January 20), and $16,050 (5.7%) higher than the same period 1 year ago ($264,950). In the last 30 days Sault Ste Marie the average home price was $105,928 (37.7%) lower than the average selling price of $386,928 over the last 12 months.

Average selling price for Sault Ste Marie real estate was $281,000 in the last 30 days (January 21 - February 19), which is collectively $8,000 (800,000.0%) lower than the average asking price of ($1). This represents a decline of $63,100 (114.5%) compared to $55,100 (19.1%) Sold-Over-Asking price from the previous 30 day period (December 22 - January 20).

The maximum Sold Over/Under Asking ratio in Sault Ste Marie during the last 12 months was recorded in January, 2025 with an average of $55,100 over the asking price, while the minimum occurring in July, 2024 with $39,998 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 Sault Ste Marie was ∞ with 2 properties sold and 1 new properties listed in the past 30 days (January 21 - February 19). This represents an increase from 100.0% recorded during the previous 30 day period (December 22 - January 20), and an increase from 50.0% compared to the same period one year ago.

Over the the last year the highest SNLR in Sault Ste Marie was 100.0% recorded in October and the lowest was in December 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.

The Average Days on the Market (DOM) for 2 properties that were successfully sold in Sault Ste Marie in the last 30 days (January 21 - February 19) was 33 days, which is 112 days less than 145 days average in the previous 30 day period (December 22 - January 20) and 8 days shorter than during the same period a year ago (41 days).

There were 3 delisted properties in Sault Ste Marie, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 91 days on the market. This is 31 days shorter than the average of 122 days during the previous 30 day period (December 22 - January 20) and 7 days less compared to the same period last year average of 98 days on the market.

3 Sault Ste Marie properties that didn't sell stayed on the market 175.8% longer than 2 that sucessfully sold over the last 30 days - 33 days when sold vs 91 days when delisted respectively.

Average Days on the Market in Sault Ste Marie over the past 12 months for properties that have sold was 30.7 days, with 95.9 days for those properties that did not sell.

0 new properties were listed on the market in Sault Ste Marie in the last 30 days (January 21 - February 19). During the same time 2 properties were sold and 3 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 5 properties (or ∞).

During the previous 30 day period (December 22 - January 20) there were 1 new properties listed, 1 sold and 3 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was August with 10 new properties listed, the slowest - December with 0 new listings and a yearly average of 3 new listings per month.

There were a total of 2 homes sold during the last 30 days (January 21 - February 19), which is 100.0% of all properties sold in Sault Ste Marie. This is a 100.0% increase compared with a previous 30 day period (December 22 - January 20) and 0.0% down from the same period a year ago. Over the past year an average of 1 homes are were sold per month.