Niagara Falls Real Estate Market Report
Executive Summary
Dan BraunLocal expert · Niagara FallsThe Niagara Falls, Ontario real estate market is currently classified as a buyer's market. The MLS composite benchmark price is $571K, down 6.5% year-over-year.
There are currently 112 active listings, representing 5.2 months of inventory. According to Niagara Association of REALTORS, there were 651 sales and 1,631 new listings in June 2026. Inventory has decreased 77.9% compared to last month.
Currently, listings spend an average of 55 days on market and the average price per square foot is $435.
Board Data vs Our Listings
| Metric | Niagara Association of REALTORS | Our Listings |
|---|---|---|
| Benchmark / Median Price | $571K | $649K |
| Average Price | $676K | $980K |
| Active Listings | 3,364 | 112 |
| Detached Benchmark | $596K | $820K |
| Townhouse Benchmark | $528K | $513K |
| Apartment Benchmark | $336K | $513K |
Detached properties make up the largest share of the Niagara Falls market at 81% of active listings with an average price of $820K. Condo listings follow at 19% (avg $513K).
Sales Activity & Absorption
Volume
Market Signals
Niagara Association of REALTORS reported 651 sales this period, 44 new listings appeared in the past month.
Niagara Association of REALTORS Monthly Report
The number of homes sold through the MLS® System of the Niagara Association of REALTORS® (NAR) totaled 651 units in June 2026. This was a gain of 9% from June 2025.
Home sales were 6.1% above the five-year average and 6.6% below the 10-year average for the month of June.
On a year-to-date basis, home sales totaled 2,993 units over the first six months of the year. This was down modestly by 1.3% from the same period in 2025.
“Sales activity has marked a small resurgence on a monthly basis over the past few months, while recording a small gain from year-ago levels. On the supply side, new listings remain at some of the highest June levels on record as sellers remain as motivated as ever to find a buyer for their property,” said Sarah Hart, Executive Officer of the Niagara Association of REALTORS® (NAR). “There was positive news in St. Catharines and Welland last month, with the municipalities securing an additional $4.5 million of funding from the Building Faster Fund in response to meeting or exceeding their provincially designated housing targets. The funding will help with additional infrastructure needed to accommodate growth in new communities.”
The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $571,300 in June 2026, a decline of 6.5% compared to June 2025.
The benchmark price for single-family homes was $596,100, down by 6.5% on a year-over-year basis in June. By comparison, the benchmark price for townhouse/row units was $527,900, a decrease of 4.7% compared to a year earlier, while the benchmark apartment price was $335,700, a big reduction of 15.2% from year-ago levels.
The average price of homes sold in June 2026 was $676,248, a minor decrease of 1.2% from June 2025.
The more comprehensive year-to-date average price was $643,224, a moderate decrease of 5.8% from the first six months of 2025.
The dollar value of all home sales in June 2026 was $440.2 million, increasing by 7.7% from the same month in 2025.
The number of new listings saw a decline of 7.6% from June 2025. There were 1,631 new residential listings in June 2026. This was the lowest number of new listings added in the month of June in five years.
New listings were 5.1% below the five-year average and 8.5% above the 10-year average for the month of June.
Active residential listings numbered 3,364 units on the market at the end of June, down sharply by 14.8% from the end of June 2025.
Active listings were 7.9% above the five-year average and 36.8% above the 10-year average for the month of June.
Months of inventory numbered 5.2 at the end of June 2026, down from the 6.6 months recorded at the end of June 2025 and above the long-run average of 3.8 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
Source: Niagara Association of REALTORS, June 2026
Market Balance
Months of Inventory
Supply and demand are roughly balanced.
Moderate absorption — healthy turnover.
At 5.2 months of inventory, the market is balanced. Neither buyers nor sellers have a decisive advantage — a good time for realistic pricing and considered offers.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| 210 - Downtown | 15 | $895K |
| 222 - Brown | 13 | $764K |
| 219 - Forestview | 12 | $994K |
| 211 - Cherrywood | 8 | $691K |
| 220 - Oldfield | 7 | $510K |
| 215 - Hospital | 7 | $653K |
| 216 - Dorchester | 6 | $489K |
| 206 - Stamford | 6 | $710K |
| 212 - Morrison | 6 | $574K |
| 218 - West Wood | 5 | $583K |
| 224 - Lyons Creek | 5 | $5.3M |
Interest Rates & Affordability
Current Rates
Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.
Estimated Monthly Payment
This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.
Market Outlook
This is currently a buyer's market with more negotiating power for purchasers. The Niagara Falls market currently has 112 active listings with a median price of $649K and 5.2 months of inventory.
According to Niagara Association of REALTORS, the composite benchmark price is $571K (-6.5% year-over-year). There were 651 sales recorded, with a sales-to-active listings ratio of 19.4%. This indicates a balanced market with moderate competition.
- Prices declining (-27.7% in 30 days)
- Low price reduction rate (0% of listings)
- Low sell-through rate (40%)
- Slow-moving market (55 avg days on market)
- Average price per square foot is $435
Data sourced from CREA DDF® active and sold listings. Metrics computed from listing data updated daily, with board statistics from Niagara Association of REALTORS. Prepared by Dan Braun with AI assistance, reviewed by our team.
Market data is calculated from active and recently sold MLS® listings as of July 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.
Data provided by CREA DDF. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Information deemed reliable but not guaranteed.