📊 Niagara Real Estate Market Report – September 2025
Sales Steady • Listings Surge • Prices Slip Further
🏡 Introduction
The Niagara real estate market in September 2025 continues to lean in favour of buyers. While overall sales held relatively stable compared to last year, the surge in new listings is keeping downward pressure on prices. Most property types saw year-over-year price declines, with apartments experiencing the steepest drops.
This is a market defined by choice for buyers, and by strategy and pricing discipline for sellers.
🌍 Niagara Region Overview – September 2025
🏠 Home Sales: 535 (+3.9% YoY)
📝 New Listings: 1,783 (+16.2% YoY)
💰 Benchmark Price (HPI): $595,800 (↓6.9% YoY)
⏱️ Median Days on Market: 34 (down from 43 last year)
👉 Takeaway: Buyers continue to hold leverage. More homes are coming to market, giving buyers greater selection, while sellers face stiff competition on pricing.
🏠 Detached Homes – Bungalows vs. Two-Storeys
📊 Detached Market Snapshot:
🏡 1-Storey (Bungalow): $595,500 | ↓1.9% MoM | ↓4.5% YoY
🏠 2-Storey Detached: $645,400 | ↓2.4% MoM | ↓6.1% YoY
✅ Bungalows are holding up better, supported by steady downsizer demand.
⚠️ Two-storeys continue to struggle, with both monthly and annual declines.
🏘️ Townhouses & Apartments
📊 Attached Market Snapshot:
🏘️ Townhouse: $554,400 | ↓3.3% MoM | ↓9.5% YoY
🏢 Apartment: $378,400 | ↓4.4% MoM | ↓14.3% YoY
✅ Townhouses are softening but still appeal to affordability-focused buyers.
⚠️ Apartments remain the weakest segment, with sharp double-digit declines year-over-year.
📍 Municipal Breakdown – September 2025
| Municipality | New Listings | Sales | Benchmark Price (HPI) | Median DOM |
|---|---|---|---|---|
| Fort Erie | 186 (+12.7%) | 67 (+52.3%) | $528,000 (↓3.1%) | 53 |
| Lincoln | 92 (+22.7%) | 25 (↓10.7%) | $708,200 (↓7.0%) | 32 |
| Niagara Falls | 353 (+27.4%) | 78 (↓9.3%) | $588,300 (↓6.7%) | 25 |
| Niagara-on-the-Lake | 100 (+11.1%) | 28 (+16.7%) | $916,300 (↓6.0%) | 40 |
| Grimsby | 105 (+34.6%) | 33 (+13.8%) | $696,400 (↓9.6%) | 22 |
| Pelham | 61 (↓9.0%) | 15 (↓42.3%) | $762,100 (↓8.5%) | 28 |
| Port Colborne/Wainfleet | 85 (↓12.4%) | 31 (+24.0%) | $511,800 (↓4.4%) | 41 |
| St. Catharines | 423 (+16.5%) | 140 (↓2.1%) | $538,400 (↓7.0%) | 30 |
| Thorold | 129 (+35.8%) | 26 (↓3.7%) | $615,000 (↓2.0%) | 47 |
| Welland | 220 (+12.2%) | 76 (+13.4%) | $509,000 (↓6.8%) | 32 |
| West Lincoln | 29 (↓9.4%) | 16 (0.0%) | $665,500 (↓14.9%) | 23 |
✨ Highlights
⏱️ Fastest-Selling: Grimsby (22 days), West Lincoln (23), Niagara Falls (25).
💰 Most Affordable: Port Colborne/Wainfleet ($511,800), Welland ($509,000), Fort Erie ($528,000).
🏆 Highest-Priced: Niagara-on-the-Lake ($916,300), Pelham ($762,100), Lincoln ($708,200).
📈 Market Insights
Inventory Growth: New listings surged in most municipalities, giving buyers more options.
Demand Shifts: Strong sales gains in Fort Erie, Port Colborne, Welland, and Grimsby, while Pelham and Lincoln slowed.
Price Pressure: Almost all markets saw price declines, with West Lincoln (-14.9%) and Grimsby (-9.6%) hit hardest.
Selling Times: Homes are selling faster than last year overall, especially in Grimsby and Niagara Falls.
👥 What This Means for You
📥 Buyers
Leverage is in your hands. Inventory is growing, and prices continue to soften. Bungalows and townhouses under $650K remain the sweet spot.
📤 Sellers
Competition is fierce. Sharp pricing and professional marketing are critical. Niagara Falls, Fort Erie, and St. Catharines are moving reasonably well when priced correctly.
💰 Investors
Affordability-driven markets like Welland, Fort Erie, and Port Colborne present strong rental yield opportunities. Townhouses look more resilient than apartments for long-term holds.
🔮 Looking Ahead – October 2025
Bungalows should remain relatively steady.
Townhouses may stabilize but face affordability limits.
Two-storeys and apartments will likely see continued pressure.
Fall listing surges will keep conditions tilted toward buyers.
✅ Final Word
September 2025 reinforced Niagara’s buyer-driven conditions. More listings and declining prices highlight the importance of strategy for sellers, while buyers continue to benefit from choice and negotiation power.
📬 Curious about your property’s value or want to explore buying opportunities?
Text us anytime:
📲 Jas: 905-321-3781
📲 Jon: 289-696-2825
We’ll give you a clear, data-backed plan so you can make confident real estate decisions.