Lower Erin MillsHousing market

Lower Erin Mills

Lower Erin Mills Housing Market Report

Buyer's Market

All types - for the month of February

Buyer's market Seller's market

6

Days of inventory (DOI)*

DOI 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 DOI of +3 months indicates a buyers's market, where homes are selling slowly and there are more homes than available buyers.

44

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*

78 active

New

57(+5.56% YoY)

Relisted

5(+25.00% YoY)

Compared to number of active, same period, in 2024: 49, in 2023: 30, in 2022: 26

Total Sold Listings*

14 sold

Median Sold Price

$1,112,500

Avg Days on Market

44 days

Median Bidding

-$12,600

Compared to number of sold, same period, in 2024: 20, in 2023: 29, in 2022: 52

*Data is for the month of February

Median Sold Price vs Average Days and Average Total Days on Market - Lower Erin Mills - All types

Sold vs Active vs New vs Relisted - Lower Erin Mills - All types

Sold Price Distribution - Lower Erin Mills - All types

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

Property Type Distribution - Lower Erin Mills - All types

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

Median Price - Lower Erin Mills - All types

Just listed - Lower Erin Mills

Home with brick exterior material, street for 3894 Renfrew Cres, Mississauga Ontario L5L 4J9

1 day on market

Up to16K Cashback

3894 Renfrew Cres, Mississauga

Detached4+14- sq ft

Listed by RE/MAX PROFESSIONALS INC.

Unknown for 3501 Glen Erin Dr #1009, Mississauga Ontario L5L 2E9

1 day on market

Up to5K Cashback

3501 Glen Erin Dr #1009, Mississauga

Condo21700-799 sq ft

Listed by ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES

Home with brick exterior material, street for 4043 Trapper Cres, Mississauga Ontario L5L 3A7

1 day on market

Up to14K Cashback

4043 Trapper Cres, Mississauga

Detached3+14- sq ft

Listed by RE/MAX ABOUTOWNE REALTY CORP.

Just sold - Lower Erin Mills

Patio, unknown for 1700 The Collegeway N/A #510, Mississauga Ontario L5L 4M2

Sold 2 days ago

Sold for $747,000

$52K below asking

1700 The Collegeway N/A #510, Mississauga

Condo221200-1399 sq ft

Listed by RE/MAX REALTY SPECIALISTS INC.

Home with brick exterior material, street for 2661 Council Ring Rd, Mississauga Ontario L5L 1S6

Sold 2 days ago

Sold for $1,200,100

$201K above asking

2661 Council Ring Rd, Mississauga

Detached3+34- sq ft

Listed by ROYAL LEPAGE YOUR COMMUNITY REALTY

Home with brick exterior material, street for 3432 Ingram Rd, Mississauga Ontario L5L 4M8

Sold 3 days ago

Sold for $1,180,888

$18K below asking

3432 Ingram Rd, Mississauga

Detached3+14- sq ft

Listed by BAY STREET GROUP INC.

Population and Demographics

Overview

Total population 41369

Average household income $143,772

Age (%)

50 to 64

22%

65 and plus

21%

0 to 19

20%

20 to 34

19%

35 to 49

17%

Household composition (%)

Single family

76%

Single person

20%

Multi person

3%

Multi family

1%

Mother tongue (%)

English

66%

Polish

5%

Mandarin

4%

Arabic

4%

Urdu

4%

Others

3%

Tagalog (Pilipino, Filipino)

3%

Spanish

2%

Yue (Cantonese)

2%

Punjabi (Panjabi)

1%

House tenancy (%)

Owners

78%

Renters

22%

Top 5 Schools in Lower Erin Mills

St Mark Separate School3675 Sawmill Valley Dr, L5L 2Z5, Mississauga, ON

8.6/10

Public•JK-8

Loyola Catholic Secondary School4010 SladeView Cres, L5L 6B1, Mississauga, ON

7.5/10

Public•9-12

Christ the King Catholic School3240 Garthwood Rd, L5L 5A3, Mississauga, ON

7.2/10

Public•JK-8

St Clare School4140 Glen Erin Dr, L5L 2Z3, Mississauga, ON

6.8/10

Public•JK-8

All Saints Catholic School4105 Colonial Dr, L5L 4E8, Mississauga, ON

6.5/10

Public•JK-8

Transportation

Car Friendly

5/5

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

Pedestrian Friendly

3/5

Few day-to-day needs are within walking distance

Transit Friendly

2/5

Transit is available for some trips

Shopping, Food and Nightlife

Cafes

2/5

Some cafés within walking distance

Groceries

3/5

At least one grocery store within a 30-minute walk

Nightlife

1/5

Few or no bars within walking distance

Shopping

3/5

Variety of shops within walking distance

Restaurants

2/5

Some restaurants within walking distance