Niagara Real Estate Market Update — October 2025

Source: CREA/Board data 

Snapshot 📊

• New Listings: 1,433 (▲ 4.1% YoY, ▼ 19.6% MoM)
  
  
• Sales: 523 (▼ 10.1% YoY, ▼ 2.2% MoM)
  
  
• Benchmark (HPI): $593,000 (▼ 7.1% YoY, ▼ 0.47% MoM)
  
  
• Median DOM: 40 days (▼ 5.2% YoY, ▲ 17.3% MoM)
  
  

Read: Classic late-fall conditions—listings step down from September, prices drift sideways to slightly lower, and time-on-market lengthens. 🎯

Municipality Highlights (October 2025)

Fort Erie – $531,300 (▲ 1.2% YoY, ▲ 0.6% MoM) • Sales ▲ 13.3% YoY • DOM 48
One of the few holding YoY price growth; seasonal slowing MoM but still resilient.

Lincoln – $711,300 (▼ 8.9% YoY, ▲ 0.4% MoM) • Sales ▼ 30.8% YoY • DOM 48
Buyers are choosy; sharp pricing and strong presentation matter.

Niagara Falls – $580,800 (▼ 6.8% YoY, ▼ 1.3% MoM) • Sales ▲ 6.9% YoY, ▲ 39.7% MoM • DOM 33
Improved activity vs. September; pricing remains under YoY pressure.

Niagara-on-the-Lake – $917,100 (▼ 7.2% YoY, ~flat MoM) • Sales ▲ 16.7% YoY • DOM 52
High-end segment moving, but with longer marketing runway.

Grimsby – $684,700 (▼ 11.3% YoY, ▼ 1.7% MoM) • Sales ▼ 37.2% YoY • DOM 32
Softer pricing and slower absorption—value positioning is key.

Pelham – $768,900 (▼ 6.3% YoY, ▲ 0.9% MoM) • Sales ▲ 5.6% YoY, ▲ 26.7% MoM • DOM 33
Demand picked up from September; well-presented homes still find buyers.

Port Colborne / Wainfleet – $521,400 (▲ 1.4% YoY, ▲ 1.9% MoM) • Sales ▼ 38.9% YoY • DOM 45
Value segment showing the best YoY price hold in the region.

St. Catharines – $531,000 (▼ 10.0% YoY, ▼ 1.4% MoM) • Sales ▼ 12.3% YoY, ▼ 8.6% MoM • DOM 31
Broadly softer; well-priced, turnkey listings still move within a month.

Thorold – $617,700 (▼ 2.3% YoY, ▲ 0.4% MoM) • Sales ▼ 9.5% YoY, ▲ 46.2% MoM • DOM 31
Strong MoM rebound in sales; pricing essentially stable.

Welland – $511,600 (▼ 4.2% YoY, ▲ 0.5% MoM) • Sales ▼ 14.3% YoY, ▼ 21.1% MoM • DOM 34.5
Turnkey draws attention; dated inventory needs price room.

West Lincoln – $667,300 (▼ 14.0% YoY, ▲ 0.3% MoM) • Sales ▼ 17.6% YoY • DOM 47.5
Thin inventory exaggerates DOM swings—precision pricing required.

Niagara Totals – New Listings 1,433, Sales 523, HPI $593K, DOM 40
Seasonal supply drop much larger than the sales dip, keeping months-of-inventory steady into late fall.

Market by Home Style (HPI) — With Numbers

Composite (all types): $593,000 — ▼ 0.5% MoM, ▼ 7.1% YoY

1-Storey (Bungalow)

• Benchmark: $589,700
  
  
• Change: ▼ 1.0% MoM, ▼ 5.5% YoY
  
  
• Takeaway: Downsizer/discretionary segment; pricing must be exact. Turnkey finishes reduce DOM.
  
  

2-Storey (Detached)

• Benchmark: $647,700
  
  
• Change: ▲ 0.4% MoM, ▼ 5.0% YoY
  
  
• Takeaway: Largest buyer pool; homes priced just above comps see fewer showings.
  
  

Townhouse (Row)

• Benchmark: $536,300
  
  
• Change: ▼ 3.3% MoM, ▼ 13.1% YoY
  
  
• Takeaway: Still the best price-to-space value. Clean, move-in-ready units attract steady traffic.
  
  

Apartment / Condo

• Benchmark: $379,600
  
  
• Change: ▲ 0.3% MoM, ▼ 13.8% YoY
  
  
• Takeaway: More rate-sensitive; end-users weigh fees, building condition, and in-suite updates.
  
  

What the Numbers Mean

Inventory & Pace

• New listings down ~20% MoM (seasonal), while sales only eased ~2%, keeping months-of-inventory relatively stable into late fall.
  
  
• DOM at ~40 days = buyers have time to compare and negotiate; sellers must win on price and presentation.
  
  

Prices

• The regional HPI is 7.1% lower YoY and nearly flat MoM—a controlled glide rather than a sharp drop.
  
  
• Micro-markets matter: Fort Erie and Port Colborne/Wainfleet held up better YoY; Grimsby and St. Catharines saw larger YoY declines.
  
  

Guidance

For Buyers 🧭

• Use DOM to your advantage: Listings >30 days often have room on price or terms.
  
  
• Get fully pre-approved: Clean, fast offers still win the homes everyone wants.
  
  
• Target value segments: Townhouses and well-priced 2-storeys under the regional median offer the best selection.
  
  

For Sellers 🏡

• Price to today’s comps, not last spring. Buyers are comparing aggressively across cities and styles.
  
  
• Dial in presentation: Light cosmetics + professional media pay off—especially for family-friendly 2-storeys.
  
  
• Plan a 4–6 week runway: With 40 DOM median, pair weekly feedback with small, timely adjustments.
  
  

30–60 Day Outlook

Seasonality will continue to cool new supply into December. Expect pricing to track sideways to slightly lower through year-end, with a typical early-Q1 reset as fresh listings arrive and serious buyers re-engage. The most competitive properties will be turnkey and sharply priced under the regional median. ✨