Prince Edward County Real Estate Statistics

Prince Edward County real estate average sold price in the last 30 days (March 26 - April 24) was $667,423, which is $99,477 (14.9%) lower than the average price of $766,900 in the previous 30 day period (February 25 - March 25), and $553,467 (82.9%) down from the same period 1 year ago ($1,220,890). Prince Edward County real estate prices over the last 30 days are also $102,145 (15.3%) lower than the average selling price of $769,568 over the past year.

Prince Edward County average sold price for homes was $682,600 in the last 30 days (March 26 - April 24), which is $106,376 (15.6%) down from the average home price of $788,976 in the previous 30 day period (February 25 - March 25), and $538,290 (78.9%) lower than the same period 1 year ago ($1,220,890). In the last 30 days Prince Edward County the average home price was $100,984 (14.8%) lower than the average selling price of $783,584 over the last 12 months.

Average selling price for Prince Edward County real estate was $667,423 in the last 30 days (March 26 - April 24), which is collectively $28,493 (2.9%) lower than the average asking price of $976,789. This represents an increase of $1,878 (6.2%) compared to $30,371 (3.6%) Sold-Under-Asking price from the previous 30 day period (February 25 - March 25).

The maximum Sold Over/Under Asking ratio in Prince Edward County during the last 12 months was recorded in July, 2023 with an average of $12,917 under the asking price, while the minimum occurring in February, 2024 with $60,991 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 Prince Edward County was 50.9% with 59 properties sold and 112 new properties listed in the past 30 days (March 26 - April 24). This represents an increase from 33.9% recorded during the previous 30 day period (February 25 - March 25), and an increase from 25.6% compared to the same period one year ago.

Over the the last year the highest SNLR in Prince Edward County was 1,306.1% recorded in January and the lowest was in April at 31.2%. 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 59 properties that were successfully sold in Prince Edward County in the last 30 days (March 26 - April 24) was 50 days, which is 37 days less than 87 days average in the previous 30 day period (February 25 - March 25) and 11 days longer than during the same period a year ago (39 days).

There were 64 delisted properties in Prince Edward County, those that got either Expired, Suspended or Terminated over the last 30 days (March 26 - April 24) with an average of 99 days on the market. This is 13 days shorter than the average of 112 days during the previous 30 day period (February 25 - March 25) and 2 days more compared to the same period last year average of 97 days on the market.

64 Prince Edward County properties that didn't sell stayed on the market 98.0% longer than 59 that sucessfully sold over the last 30 days - 50 days when sold vs 99 days when delisted respectively.

Average Days on the Market in Prince Edward County over the past 12 months for properties that have sold was 62.5 days, with 92.5 days for those properties that did not sell.

116 new properties were listed on the market in Prince Edward County in the last 30 days (March 26 - April 24). During the same time 59 properties were sold and 64 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 7 properties (or 6.0%).

During the previous 30 day period (February 25 - March 25) there were 112 new properties listed, 38 sold and 33 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was August with 156 new properties listed, the slowest - December with 37 new listings and a yearly average of 80 new listings per month.

There were a total of 105 homes listed during the last 30 days (March 26 - April 24), which is 90.5% of all properties listed in Prince Edward County. This is a 2.9% increase compared with a previous 30 day period (February 25 - March 25) and 191.7% up from the same period a year ago. Over the past year an average of 71 homes are were listed per month.

4 condo units were listed in the last 30 days (March 26 - April 24) in Prince Edward County, which represents 3.4% of all new listings. This is down 20.0% from the prior 30 day period (February 25 - March 25) and 100.0% more compared to the same period last year. There were 4 condos listed per month on average during the last 12 months.

7 townhomes were listed over the last 30 days (March 26 - April 24) in Prince Edward County, which is 6.0% of all new real estate inventory. This is a 40.0% more than during the previous 30 day period (February 25 - March 25) and 600.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 4 a month.

There were a total of 55 homes sold during the last 30 days (March 26 - April 24), which is 93.2% of all properties sold in Prince Edward County. This is a 61.8% increase compared with a previous 30 day period (February 25 - March 25) and 450.0% up from the same period a year ago. Over the past year an average of 163 homes are were sold per month.