WellandHousing market

Welland

Welland Housing Market Report

Strong Buyer's Market

All types - for the month of March

Buyer's market Seller's market

8

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 5+ months indicates a buyer’s market, where homes are selling slowly and there are more homes than available buyers.

40

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*

391 active

New

187(+8.09% YoY)

Relisted

5(+25.00% YoY)

Compared to number of active, same period, in 2024: 269, in 2023: 162, in 2022: 26

Total Sold Listings*

51 sold

Median Sold Price

$607,000

Avg Days on Market

40 days

Median Bidding

-$15,888

Compared to number of sold, same period, in 2024: 89, in 2023: 85, in 2022: 122

*Data is for the month of March

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

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

Sold Price Distribution - Welland - All types

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

Property Type Distribution - Welland - All types

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

Median Price - Welland - All types

Just listed - Welland

Home with brick exterior material, street for 69 Crow St, Welland Ontario L3C 0G6

Re-listed 4 hours ago

$•••,•••

69 Crow St, Welland

Detached2+241500-2000 sq ft

Listed by SOTHEBY`S INTERNATIONAL REALTY CANADA

Home with brick exterior material, street for 339 Wellbrook Ave, Welland Ontario L3C 7N3

Re-listed 4 hours ago

$•••,•••

339 Wellbrook Ave, Welland

Detached3+131500-2000 sq ft

Listed by Engel & Volkers Oakville

Unknown for 296 First Ave, Welland Ontario L3C 1Z1

5 hours on market

296 First Ave, Welland

Detached3+121100-1500 sq ft

Listed by COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE

Just sold - Welland

Unknown for 29/31 YOUNG St, Welland Ontario L3B 4C5

Sold 20 hours ago

Sold for $575,000

$25K below asking

29/31 YOUNG St, Welland

Townhouse722500-3000 sq ft

Listed by KELLER WILLIAMS COMPLETE REALTY

Home with brick exterior material, street for 41 CLAREMOUNT Circ, Welland Ontario L3C 2P4

Sold for $555,000

$20K below asking

41 CLAREMOUNT Circ, Welland

Detached321100-1500 sq ft

Listed by RE/MAX GARDEN CITY REALTY INC, BROKERAGE

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 323 First Ave, Welland Ontario L3C 1Z1

Sold for $555,000

$45K below asking

323 First Ave, Welland

Detached321100-1500 sq ft

Listed by A.G. ROBINS & COMPANY LTD, BROKERAGE

Population and Demographics

Overview

Total population 54480

Average household income $98,610

Age (%)

65 and plus

23%

50 to 64

21%

0 to 19

20%

20 to 34

18%

35 to 49

17%

Household composition (%)

Single family

63%

Single person

32%

Multi person

4%

Multi family

0%

Mother tongue (%)

English

84%

French

7%

Others

4%

Italian

2%

English and French

2%

House tenancy (%)

Owners

69%

Renters

31%

Top 5 Schools in Welland

St Kevin Catholic Elementary School182 Aqueduct St, L3C 1C4, Welland, ON

7.2/10

Public•JK-8

Princess Elizabeth Public School330 Scholfield Ave S, L3B 1P2, Welland, ON

7/10

Public•JK-8

École Élémentaire Nouvel Horizon621 Quaker chemin, L3C 3H1, Welland, ON

7/10

Public•JK-6

Fitch Street Public School164 Fitch St, L3C 4V5, Welland, ON

6.9/10

Public•JK-8

Glendale Public School24 Farnham Ave, L3C 3R1, Welland, ON

6.7/10

Public•JK-8

Transportation

Car Friendly

5/5

Excellent access to freeways and major arteries, with a vast amount of parking nearby

Pedestrian Friendly

2/5

Other transportation modes are needed to reach day-to-day needs

Transit Friendly

1/5

Few transit options

Shopping, Food and Nightlife

Cafes

1/5

Few or no cafés within walking distance

Groceries

2/5

At least one grocery store within a 30-minute walk

Nightlife

1/5

Few or no bars within walking distance

Shopping

1/5

Few or no shops within walking distance

Restaurants

2/5

Few or no restaurants within walking distance