Marritt
Marritt

Marritt Housing Market Report

Balanced Market

All types - for the month of May

Buyer's market Seller's market

3

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 0-4 months indicates a seller’s market, where homes are selling quickly and there are more buyers than available homes.

43

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*

26

New

13(+85.71% YoY)

Relisted

1(- YoY)

Compared to number of active, same period, in 2024: 14, in 2023: 7, in 2022: 5

Total Sold Listings*

8

Median Sold Price

$930,000

Avg Days on Market

43 days

Median Bidding

-$20,045

Compared to number of sold, same period, in 2024: 3, in 2023: 3, in 2022: 4

*Data is for the month of May

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

Sold vs Active vs New vs Relisted - Marritt - All types

Sold Price Distribution - Marritt - All types

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

Property Type Distribution - Marritt - All types

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

Median Price - Marritt - All types

Just listed - Marritt

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Just sold - Marritt

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Population and Demographics

Overview

Total population 3119
Average household income $161,797

Age (%)

0 to 19
28%
35 to 49
22%
50 to 64
19%
20 to 34
19%
65 and plus
12%

Household composition (%)

Single family
83%
Single person
13%
Multi person
2%
Multi family
1%

Mother tongue (%)

English
68%
Mandarin
7%
Arabic
5%
Italian
3%
Yue (Cantonese)
2%
Others
2%
Punjabi (Panjabi)
2%
Korean
2%
Spanish
1%
Urdu
1%

House tenancy (%)

Owners
87%
Renters
13%

Top 1 School in Marritt

Immaculate Conception Catholic Elementary School470 Kitty Murray Lane, L9K 0C3, Ancaster, ON
6.3/10
PublicJK-8

Transportation

Car Friendly

5/5

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

Pedestrian Friendly

2/5

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

Transit Friendly

1/5

Few transit options

Shopping, Food and Nightlife

Cafes

2/5

Some cafés within walking distance

Groceries

1/5

No grocery stores within walking distance

Nightlife

1/5

Few or no bars within walking distance

Shopping

2/5

Some shops within walking distance

Restaurants

2/5

Few or no restaurants within walking distance