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LanarkHousing market
Lanark
Lanark

Lanark Housing Market Report

Balanced Market

All types - for the month of May

Buyer's market Seller's market

5

Months of inventory (MOI)*

MOI in real estate tells you how long it would take to sell all the current homes on the market at the current sales pace if no new homes were listed. Typically, a MOI of 0-4 months indicates a seller’s market, where homes are selling quickly and there are more buyers than available homes.

37

Days on market (DOM)*

DOM refers to Average Days on Market, which represents how long on average listings remain on the market before selling. DOM excludes listings that are pulled from the market without selling. A low DOM means it sold quickly, while a high DOM could mean it's overpriced or less in demand.

Total Active Listings*

582

New

270(-26.63% YoY)

Relisted

5(-16.67% YoY)

Compared to number of active, same period, in 2024: 414, in 2023: 298, in 2022: 150

Total Sold Listings*

129

Median Sold Price

$586,000

Avg Days on Market

37 days

Median Bidding

-$10,000

Compared to number of sold, same period, in 2024: 210, in 2023: 155, in 2022: 147

*Data is for the month of May

Median Sold Price vs Average Days and Average Total Days on Market - Lanark - All types

Sold vs Active vs New vs Relisted - Lanark - All types

Sold Price Distribution - Lanark - All types

Sold price distribution per the last 3 months's sold listings.

Property Type Distribution - Lanark - All types

Property type distribution based on data from the last 3 months.

Median Price - Lanark - All types

Just sold - Lanark

View all

Top 5 Schools in Lanark

Holy Name of Mary Separate School110 Paterson St, K0A 1A0, Almonte, ON
7/10
PublicJK-8
St John Elementary School34 Wilson Street East, K7H 1L6, Perth, ON
6.9/10
PublicJK-6
Notre Dame Catholic High School157 McKenzie St, K7C 4P2, Carleton Place, ON
6.9/10
Public9-12
Naismith Memorial Public School260 King Street, K0A 1A0, Almonte, ON
6.8/10
PublicJK-6
Carleton Place High School215 Lake Ave W, K7C 1M3, Carleton Place, ON
6.8/10
Public9-12