PetroliaHousing market

Petrolia

Petrolia Housing Market Report

Strong Buyer's Market

All types - for the month of August

Buyer's market Seller's market

7

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.

10

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*

7 active

New

4(+33.33% YoY)

Relisted

1(-50.00% YoY)

Compared to number of active, same period, in 2024: 8, in 2023: 7, in 2022: 1

Total Sold Listings*

1 sold

Median Sold Price

$624,900

Avg Days on Market

10 days

Median Bidding

-

Compared to number of sold, same period, in 2024: 1, in 2023: 2, in 2022: 2

*Data is for the month of August

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

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

Sold Price Distribution - Petrolia - All types

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

Property Type Distribution - Petrolia - All types

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

Median Price - Petrolia - All types

Just listed - Petrolia

Home with vinyl exterior material, street for 452 MAUDE St, Petrolia Ontario N0N 1E0

4 days on market

452 MAUDE St, Petrolia

Detached22- sq ft

Listed by EXP REALTY, BROKERAGE

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 539 Country View Dr, Petrolia Ontario N0N 1R0

12 days on market

539 Country View Dr, Petrolia

Detached2+231100-1500 sq ft

Listed by SHANAHAN REALTY INC.

Unknown for 539 COUNTRYVIEW Dr, Petrolia Ontario N0N 1R0

12 days on market

539 COUNTRYVIEW Dr, Petrolia

Detached2+232800 sq ft

Listed by Shanahan Realty Inc., Real Estate Brokerage

A pic of a room for 4026 Petrolia Line, Petrolia Ontario N0N 1R0

Re-listed 17 days ago

4026 Petrolia Line, Petrolia

Townhouse433500-5000 sq ft

Listed by COLDWELL BANKER SOUTHWEST REALTY

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, unknown for 4361 fifth St, Petrolia Ontario N0N 1R0

Re-listed 26 days ago

$•••,•••

4361 fifth St, Petrolia

Detached311100-1500 sq ft

Listed by STREETCITY REALTY INC.

Home with brick exterior material, street for 337 Eureka St, Enniskillen Ontario N0N 1R0

Sold cond. - Escape clause

337 Eureka St, Enniskillen

Detached3+121500-2000 sq ft

Listed by STREETCITY REALTY INC.

Home with brick exterior material, street for 4012 Edward St, Petrolia Ontario N0N 1R0

45 days on market

$•••,•••

4012 Edward St, Petrolia

Detached3+321100-1500 sq ft

Listed by COMFREE

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, unknown for 492 First Ave, Petrolia Ontario N0N 1R0

58 days on market

$•••,•••

492 First Ave, Petrolia

Detached3+132000-2500 sq ft

Listed by RE/MAX METROPOLIS REALTY

Just sold - Petrolia

Unknown for 4091 Ernest St, Petrolia Ontario N0N 1R0

Sold 31 days ago

Sold for $624,900

4091 Ernest St, Petrolia

Detached3+131100-1500 sq ft

Listed by RE/MAX PRIME PROPERTIES - UNIQUE GROUP

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 338 Eureka St, Petrolia Ontario N0N 1R0

Sold 93 days ago

Sold for $395,000

$16K above asking

338 Eureka St, Petrolia

Detached311500-2000 sq ft

Listed by STREETCITY REALTY INC.

trreb/IMG-X12017218_1.jpg

Sold 115 days ago

Sold for $515,000

4369 SIXTH St, Enniskillen

Detached421100-1500 sq ft

Listed by EXIT REALTY COMMUNITY

Unknown for 4244 Lancey St, Petrolia Ontario N0N 1R0

Sold 123 days ago

Sold for $650,000

$30K below asking

4244 Lancey St, Petrolia

Detached3+131500-2000 sq ft

Listed by COLDWELL BANKER SOUTHWEST REALTY

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 562 Short St, Petrolia Ontario N0N 1R0

Sold 138 days ago

Sold for $289,000

$11K below asking

562 Short St, Petrolia

Detached32+11195 sq ft

Listed by ComFree

Home with brick exterior material, street for 4026 Applewood Dr, Petrolia Ontario N0N 1R0

Sold 160 days ago

Sold for $598,000

4026 Applewood Dr, Petrolia

Detached2+322500-3000 sq ft

Listed by PC275 REALTY INC.

Home with brick exterior material, street for 4486 Petrolia Line, Petrolia Ontario N0N 1R0

Sold 179 days ago

Sold for $525,000

$25K below asking

4486 Petrolia Line, Petrolia

Detached3+12- sq ft

Listed by RE/MAX METROPOLIS REALTY

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 4167 James St, Petrolia Ontario N0N 1R0

Sold 183 days ago

Sold for $390,000

$10K below asking

4167 James St, Petrolia

Detached32- sq ft

Listed by RE/MAX SARNIA REALTY INC.

Home with brick exterior material, street for 4030 Englehart Dr, Petrolia Ontario N0N 1R0

Sold 209 days ago

Sold for $730,000

$19K below asking

4030 Englehart Dr, Petrolia

Detached3+231618 sq ft

Listed by ComFree

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 548 Short St, Petrolia Ontario N0N 1R0

Sold 213 days ago

Sold for $325,000

$15K below asking

548 Short St, Petrolia

Semi-Detached32- sq ft

Listed by RE/MAX ICON REALTY

Population and Demographics

Overview

Total population 4685

Average household income $118,636

Age (%)

0 to 19

22%

20 to 34

16%

35 to 49

18%

50 to 64

18%

65 and plus

26%

Household composition (%)

Single family

65%

Single person

32%

Multi person

3%

Multi family

0%

Mother tongue (%)

English

96%

Others

2%

French

1%

House tenancy (%)

Owners

76%

Renters

24%

Top 2 Schools in Petrolia

St Philip Catholic School420 Queen St, N0N 1R0, Petrolia, ON

7.1/10

Public•JK-8

École Hillcrest Public School433 First Avenue, N0N 1R0, Petrolia, ON

6.3/10

Public•JK-8

Transportation

Car Friendly

4/5

Good access to freeways and major arteries, with a large amount of parking nearby

Pedestrian Friendly

2/5

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

Shopping, Food and Nightlife

Cafes

2/5

Few or no cafés within walking distance

Groceries

2/5

At least one grocery store within a 30-minute walk

Nightlife

0/5

Few or no bars within walking distance

Shopping

1/5

Few or no shops within walking distance

Restaurants

2/5

Few or no restaurants within walking distance