North Dumfries Real Estate Statistics

North Dumfries real estate average sold price in the last 30 days (March 29 - April 27) was $971,287, which is $133,713 (13.8%) lower than the average price of $1,105,000 in the previous 30 day period (February 28 - March 28), and $142,954 (14.7%) up from the same period 1 year ago ($828,333). North Dumfries real estate prices over the last 30 days are also $86,412 (8.9%) higher than the average selling price of $884,875 over the past year.

North Dumfries average sold price for homes was $971,287 in the last 30 days (March 29 - April 27), which is $133,713 (13.8%) down from the average home price of $1,105,000 in the previous 30 day period (February 28 - March 28), and $1,213 (0.1%) lower than the same period 1 year ago ($972,500). In the last 30 days North Dumfries the average home price was $153,312 (15.8%) higher than the average selling price of $817,975 over the last 12 months.

Average selling price for North Dumfries real estate was $971,287 in the last 30 days (March 29 - April 27), which is collectively $14,600 (1.4%) higher than the average asking price of $1,047,629. This represents a decline of $10,450 (41.7%) compared to $25,050 (2.6%) Sold-Over-Asking price from the previous 30 day period (February 28 - March 28).

The maximum Sold Over/Under Asking ratio in North Dumfries during the last 12 months was recorded in October, 2023 with an average of $302,549 over the asking price, while the minimum occurring in July, 2023 with $34,224 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 Dumfries was 40.0% with 8 properties sold and 14 new properties listed in the past 30 days (March 29 - April 27). This represents an increase from 28.6% recorded during the previous 30 day period (February 28 - March 28), and a decrease from 300.0% compared to the same period one year ago.

Over the the last year the highest SNLR in North Dumfries was 71.4% recorded in February and the lowest was in August at 8.3%. 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 8 properties that were successfully sold in North Dumfries in the last 30 days (March 29 - April 27) was 12 days, which is 15 days less than 27 days average in the previous 30 day period (February 28 - March 28) and 8 days shorter than during the same period a year ago (20 days).

There were 9 delisted properties in North Dumfries, those that got either Expired, Suspended or Terminated over the last 30 days (March 29 - April 27) with an average of 33 days on the market. This is 5 days shorter than the average of 38 days during the previous 30 day period (February 28 - March 28) and 1 days less compared to the same period last year average of 34 days on the market.

9 North Dumfries properties that didn't sell stayed on the market 175.0% longer than 8 that sucessfully sold over the last 30 days - 12 days when sold vs 33 days when delisted respectively.

Average Days on the Market in North Dumfries over the past 12 months for properties that have sold was 25.8 days, with 43.5 days for those properties that did not sell.

20 new properties were listed on the market in North Dumfries in the last 30 days (March 29 - April 27). During the same time 8 properties were sold and 9 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 3 properties (or 15.0%).

During the previous 30 day period (February 28 - March 28) there were 14 new properties listed, 4 sold and 7 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was June with 16 new properties listed, the slowest - December with 4 new listings and a yearly average of 10 new listings per month.

There were a total of 8 homes sold during the last 30 days (March 29 - April 27), which is 100.0% of all properties sold in North Dumfries. This is a 100.0% increase compared with a previous 30 day period (February 28 - March 28) and 300.0% up from the same period a year ago. Over the past year an average of 3 homes are were sold per month.