Muskoka Lakes Real Estate Statistics

Muskoka Lakes real estate average sold price in the last 30 days (March 27 - April 25) was $859,444, which is $1,464,074 (170.4%) lower than the average price of $2,323,518 in the previous 30 day period (February 26 - March 26), and $289,444 (33.7%) up from the same period 1 year ago ($570,000). Muskoka Lakes real estate prices over the last 30 days are also $399,700 (46.5%) lower than the average selling price of $1,259,144 over the past year.

Muskoka Lakes average sold price for homes was $859,444 in the last 30 days (March 27 - April 25), which is $1,464,074 (170.4%) down from the average home price of $2,323,518 in the previous 30 day period (February 26 - March 26), and $289,444 (33.7%) higher than the same period 1 year ago ($570,000). In the last 30 days Muskoka Lakes the average home price was $439,709 (51.2%) lower than the average selling price of $1,299,153 over the last 12 months.

Average selling price for Muskoka Lakes real estate was $859,444 in the last 30 days (March 27 - April 25), which is collectively $44,118 (3.5%) lower than the average asking price of $1,276,777. This represents an increase of $28,680 (39.4%) compared to $72,798 (4.3%) Sold-Under-Asking price from the previous 30 day period (February 26 - March 26).

The maximum Sold Over/Under Asking ratio in Muskoka Lakes during the last 12 months was recorded in May, 2023 with an average of $17,200 over the asking price, while the minimum occurring in November, 2023 with $224,000 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 Muskoka Lakes was 42.1% with 8 properties sold and 8 new properties listed in the past 30 days (March 27 - April 25). This represents a decrease from 75.0% recorded during the previous 30 day period (February 26 - March 26), and an increase from 25.0% compared to the same period one year ago.

Over the the last year the highest SNLR in Muskoka Lakes was 275.0% recorded in July 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 8 properties that were successfully sold in Muskoka Lakes in the last 30 days (March 27 - April 25) was 68 days, which is 43 days more than 25 days average in the previous 30 day period (February 26 - March 26) and 36 days longer than during the same period a year ago (32 days).

There were 10 delisted properties in Muskoka Lakes, those that got either Expired, Suspended or Terminated over the last 30 days (March 27 - April 25) with an average of 78 days on the market. This is 5 days shorter than the average of 83 days during the previous 30 day period (February 26 - March 26) and 49 days more compared to the same period last year average of 29 days on the market.

10 Muskoka Lakes properties that didn't sell stayed on the market 14.7% longer than 8 that sucessfully sold over the last 30 days - 68 days when sold vs 78 days when delisted respectively.

Average Days on the Market in Muskoka Lakes over the past 12 months for properties that have sold was 35.7 days, with 83.6 days for those properties that did not sell.

19 new properties were listed on the market in Muskoka Lakes in the last 30 days (March 27 - April 25). During the same time 8 properties were sold and 10 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 1 properties (or 5.3%).

During the previous 30 day period (February 26 - March 26) there were 8 new properties listed, 6 sold and 5 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was August with 14 new properties listed, the slowest - December with 1 new listings and a yearly average of 7 new listings per month.

There were a total of 17 homes listed during the last 30 days (March 27 - April 25), which is 89.5% of all properties listed in Muskoka Lakes. This is a 142.9% increase compared with a previous 30 day period (February 26 - March 26) and 325.0% up from the same period a year ago. Over the past year an average of 7 homes are were listed per month.

There were a total of 8 homes sold during the last 30 days (March 27 - April 25), which is 100.0% of all properties sold in Muskoka Lakes. This is a 33.3% increase compared with a previous 30 day period (February 26 - March 26) and 700.0% up from the same period a year ago. Over the past year an average of 5 homes are were sold per month.