Cobourg Real Estate Statistics

Cobourg real estate average sold price in the last 30 days (January 21 - February 19) was $698,761, which is $13,028 (1.9%) lower than the average price of $711,789 in the previous 30 day period (December 22 - January 20), and $49,706 (7.1%) up from the same period 1 year ago ($649,055). Cobourg real estate prices over the last 30 days are also $14,608 (2.1%) higher than the average selling price of $684,153 over the past year.

Cobourg average sold price for homes was $706,562 in the last 30 days (January 21 - February 19), which is $9,104 (1.3%) down from the average home price of $715,666 in the previous 30 day period (December 22 - January 20), and $38,325 (5.4%) higher than the same period 1 year ago ($668,237). In the last 30 days Cobourg the average home price was $17,800 (2.5%) lower than the average selling price of $724,362 over the last 12 months.

Average Cobourg condo sold price over the last 30 days (January 21 - February 19) was $793,333. During this period it was $128,833 (16.2%) up from the average price of condo of $664,500 during the previous 30 days (December 22 - January 20), and $478,333 (60.3%) higher compared to the same period 1 year ago ($315,000). In the last 30 days Cobourg the average condo price was $236,565 (29.8%) higher than the average selling price of $556,768 over the last year.

Average sold price of Cobourg townhouse was $640,400 in the last 30 days (January 21 - February 19), down $89,600 (14.0%) from the average townhome price of $730,000 over the previous 30 days (December 22 - January 20), and $46,900 (7.3%) higher than during to the same period 1 year ago ($593,500). Over the last 30 days the average townhouse price in Cobourg was $42,245 (6.6%) lower compared to the average selling price of $682,645 over the last 12 months.

Average selling price for Cobourg real estate was $698,761 in the last 30 days (January 21 - February 19), which is collectively $11,615 (1.4%) lower than the average asking price of $855,920. This represents a decline of $3,052 (35.6%) compared to $8,563 (1.1%) Sold-Under-Asking price from the previous 30 day period (December 22 - January 20).

The maximum Sold Over/Under Asking ratio in Cobourg during the last 12 months was recorded in June, 2024 with an average of $3,218 under the asking price, while the minimum occurring in November, 2024 with $28,482 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 Cobourg was 32.1% with 26 properties sold and 42 new properties listed in the past 30 days (January 21 - February 19). This represents a decrease from 45.2% recorded during the previous 30 day period (December 22 - January 20), and a decrease from 44.7% compared to the same period one year ago.

Over the the last year the highest SNLR in Cobourg was 88.4% recorded in August and the lowest was in October at 33.3%. 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 26 properties that were successfully sold in Cobourg in the last 30 days (January 21 - February 19) was 39 days, which is 3 days more than 36 days average in the previous 30 day period (December 22 - January 20) and 36 days shorter than during the same period a year ago (75 days).

There were 35 delisted properties in Cobourg, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 67 days on the market. This is 35 days shorter than the average of 102 days during the previous 30 day period (December 22 - January 20) and 11 days less compared to the same period last year average of 78 days on the market.

35 Cobourg properties that didn't sell stayed on the market 71.8% longer than 26 that sucessfully sold over the last 30 days - 39 days when sold vs 67 days when delisted respectively.

Average Days on the Market in Cobourg over the past 12 months for properties that have sold was 37.9 days, with 74.2 days for those properties that did not sell.

81 new properties were listed on the market in Cobourg in the last 30 days (January 21 - February 19). During the same time 26 properties were sold and 35 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 20 properties (or 24.7%).

During the previous 30 day period (December 22 - January 20) there were 42 new properties listed, 19 sold and 41 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was July with 97 new properties listed, the slowest - December with 39 new listings and a yearly average of 75 new listings per month.

There were a total of 63 homes listed during the last 30 days (January 21 - February 19), which is 77.8% of all properties listed in Cobourg. This is a 117.2% increase compared with a previous 30 day period (December 22 - January 20) and 16.7% up from the same period a year ago. Over the past year an average of 54 homes are were listed per month.

3 condo units were listed in the last 30 days (January 21 - February 19) in Cobourg, which represents 3.7% of all new listings. This is down 50.0% from the prior 30 day period (December 22 - January 20) and 76.9% less compared to the same period last year. There were 8 condos listed per month on average during the last 12 months.

15 townhomes were listed over the last 30 days (January 21 - February 19) in Cobourg, which is 18.5% of all new real estate inventory. This is a 114.3% more than during the previous 30 day period (December 22 - January 20) and 66.7% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 13 a month.

There were a total of 16 homes sold during the last 30 days (January 21 - February 19), which is 61.5% of all properties sold in Cobourg. This is a 6.7% increase compared with a previous 30 day period (December 22 - January 20) and 44.8% down from the same period a year ago. Over the past year an average of 30 homes are were sold per month.

3 condo units were sold in the last 30 days (January 21 - February 19) in Cobourg, which represents 11.5% of all sold properties. This is up 50.0% from the prior 30 day period (December 22 - January 20) and 200.0% more compared to the same period last year. There were 9 condos sold per month on average during the last 12 months.

7 townhomes were sold over the last 30 days (January 21 - February 19) in Cobourg, which is 26.9% of all sold real estate. This is a 250.0% more than during the previous 30 day period (December 22 - January 20) and 75.0% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 7 a month.