Central ElginHousing market

Central Elgin

Central Elgin Housing Market Report

Strong Buyer's Market

All types - for the month of March

Buyer's market Seller's market

11

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.

55

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*

103 active

New

46(-41.03% YoY)

Relisted

1(-50.00% YoY)

Compared to number of active, same period, in 2024: 115, in 2023: 79, in 2022: 24

Total Sold Listings*

9 sold

Median Sold Price

$725,000

Avg Days on Market

55 days

Median Bidding

-$9,900

Compared to number of sold, same period, in 2024: 49, in 2023: 57, in 2022: 46

*Data is for the month of March

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

Sold vs Active vs New vs Relisted - Central Elgin - All types

Sold Price Distribution - Central Elgin - All types

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

Property Type Distribution - Central Elgin - All types

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

Median Price - Central Elgin - All types

Just listed - Central Elgin

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1 hour on market

331 Erie St, Central Elgin

Townhouse532500-3000 sq ft

Listed by CENTURY 21 FIRST CANADIAN CORP

Home with vinyl exterior material, street for 110 Sandcastle Key Dr, Central Elgin Ontario N5L 0B6

7 hours on market

110 Sandcastle Key Dr, Central Elgin

Detached432000-2500 sq ft

Listed by SAM SINGH REALTY INC.

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, unknown for 42420 Dexter Line, Central Elgin Ontario N0L 2L0

Re-listed 8 hours ago

$•••,•••

42420 Dexter Line, Central Elgin

Detached221500-2000 sq ft

Listed by INITIA REAL ESTATE (ONTARIO) LTD

Home with brick exterior material, street for 16 Crescent Ave, Central Elgin Ontario N5P 2K1

Re-listed 2 days ago

$•••,•••

16 Crescent Ave, Central Elgin

Detached221100-1500 sq ft

Listed by MAVERICK REAL ESTATE INC.

Unknown for 100 The Promenade N/A #415, Central Elgin Ontario N5L 1C5

Re-listed 2 days ago

100 The Promenade N/A #415, Central Elgin

Condo221000-1199 sq ft

Listed by CENTURY 21 FIRST CANADIAN CORP

Home with brick exterior material, street for 142 Old Field Lane, Central Elgin Ontario N5L 0A9

Re-listed 3 days ago

142 Old Field Lane, Central Elgin

Detached3+131100-1500 sq ft

Listed by RE/MAX ABOUTOWNE REALTY CORP.

Home with brick exterior material, street for 142 Old Field Lane Lane, Port Stanley Ontario N5L 0A9

4 days on market

142 Old Field Lane Lane, Port Stanley

Detached3+132185 sq ft

Listed by RE/MAX Aboutowne Realty Corp., Brokerage

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, water/lake/river/ocean view for 134 Maud St, Central Elgin Ontario N5L 1C9

5 days on market

134 Maud St, Central Elgin

Detached21700-1100 sq ft

Listed by CENTURY 21 FIRST CANADIAN CORP

Home with brick exterior material, street for 215 Kitchener Ave, Central Elgin Ontario N5L 1A3

Re-listed 7 days ago

$•••,•••

215 Kitchener Ave, Central Elgin

Detached32< 700 sq ft

Listed by ROYAL LEPAGE TRILAND REALTY

Home with vinyl exterior material, street for 301&303 Frances St, Central Elgin Ontario N5L 1B2

7 days on market

301&303 Frances St, Central Elgin

Detached5+131500-2000 sq ft

Listed by REAL BROKER ONTARIO LTD

Just sold - Central Elgin

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 64 Crescent Ave, St. Thomas Ontario N5P 2K3

Sold for $881,000

$19K below asking

64 Crescent Ave, St. Thomas

Detached432500-3000 sq ft

Listed by RE/MAX ADVANTAGE REALTY LTD.

Home with brick exterior material, street for 333 Canterbury Pl, Central Elgin Ontario N0L 1B0

Sold for $645,000

$23K below asking

333 Canterbury Pl, Central Elgin

Detached331100-1500 sq ft

Listed by ROYAL LEPAGE TRILAND REALTY

Home with brick exterior material, street for 229 Church St, Central Elgin Ontario N0L 1B0

Sold 2 days ago

Sold for $525,000

$60K below asking

229 Church St, Central Elgin

Detached32- sq ft

Listed by RE/MAX ICON REALTY

Home with vinyl exterior material, street for 453 George St, Central Elgin Ontario N5L 0B1

Sold 2 days ago

Sold for $736,000

453 George St, Central Elgin

Detached221500-2000 sq ft

Listed by ROYAL LEPAGE TRILAND REALTY

Unknown for 214 Jonathan Way, Central Elgin Ontario N0L 1B0

Sold 2 days ago

Sold for $705,000

$20K below asking

214 Jonathan Way, Central Elgin

Detached321100-1500 sq ft

Listed by BLUE FOREST REALTY INC.

Home with brick exterior material, street for 10 MCPHERSON Crt #28, St. Thomas Ontario N5P 0E6

Sold 3 days ago

Sold for $590,000

$91K above asking

10 MCPHERSON Crt #28, St. Thomas

Detached2+131100-1500 sq ft

Listed by GOLD EMPIRE REALTY INC.

Unknown for 15 Timberlane Cres, St. Thomas Ontario N5P 4G9

Sold 9 days ago

Sold for $670,000

$10K below asking

15 Timberlane Cres, St. Thomas

Detached331500-2000 sq ft

Listed by ROYAL LEPAGE TRILAND REALTY

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 46103 New Sarum Line, Central Elgin Ontario N5P 3S7

Sold 10 days ago

Sold for $650,000

$65K above asking

46103 New Sarum Line, Central Elgin

Detached211500-2000 sq ft

Listed by SUTTON GROUP - SELECT REALTY

Floor plan for 100 THE PROMENADE N/A #115, Central Elgin Ontario N5L 1C5

Sold 15 days ago

Sold for $485,000

$15K below asking

100 THE PROMENADE N/A #115, Central Elgin

Condo221000-1199 sq ft

Listed by A TEAM LONDON

Unknown for 67 Shaw Blvd, Central Elgin Ontario N5P 4K9

Sold 17 days ago

Sold for $735,000

$15K below asking

67 Shaw Blvd, Central Elgin

Detached3+231500-2000 sq ft

Listed by ELGIN REALTY LIMITED

Population and Demographics

Overview

Total population 15810

Average household income $127,633

Age (%)

50 to 64

25%

65 and plus

23%

0 to 19

21%

35 to 49

18%

20 to 34

14%

Household composition (%)

Single family

76%

Single person

22%

Multi person

2%

Multi family

0%

Mother tongue (%)

English

94%

Others

5%

House tenancy (%)

Owners

88%

Renters

12%

Top 1 School in Central Elgin

New Sarum Public School9473 Belmont Road, N5P 3S7, St Thomas, ON

5/10

Public•JK-8

Transportation

Car Friendly

5/5

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

Pedestrian Friendly

1/5

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

Shopping, Food and Nightlife

Cafes

0/5

Few or no cafés within walking distance

Groceries

0/5

No grocery stores within walking distance

Nightlife

0/5

Few or no bars within walking distance

Shopping

0/5

Few or no shops within walking distance

Restaurants

1/5

Few or no restaurants within walking distance