Town of Pictou
Town of Pictou

Town of Pictou Housing Market Report

Strong Buyer's Market

All types - for the month of March

Buyer's market Seller's market

14

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.

192

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*

27

New

7(+75.00% YoY)

Relisted

-(- YoY)

Compared to number of active, same period, in 2024: 8, in 2023: 0, in 2022: 0

Total Sold Listings*

2

Median Sold Price

$229,000

Avg Days on Market

192 days

Median Bidding

-$25,450

Compared to number of sold, same period, in 2024: 2, in 2023: 9, in 2022: 11

*Data is for the month of March

Median Sold Price vs Average Days and Average Total Days on Market - Town of Pictou - All types

Sold vs Active vs New vs Relisted - Town of Pictou - All types

Sold Price Distribution - Town of Pictou - All types

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

Property Type Distribution - Town of Pictou - All types

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

Median Price - Town of Pictou - All types

Population and Demographics

Overview

Total population 2971
Average household income $87,285

Age (%)

65 and plus
30%
50 to 64
25%
0 to 19
18%
35 to 49
16%
20 to 34
12%

Household composition (%)

Single family
58%
Single person
39%
Multi person
3%
Multi family
0%

Mother tongue (%)

English
97%
French
2%
Others
1%

House tenancy (%)

Owners
66%
Renters
34%