Russell
Russell

Russell Housing Market Report

Strong Buyer's Market

All types - for the month of March

Buyer's market Seller's market

8

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.

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*

156

New

60(-35.48% YoY)

Relisted

2(0% YoY)

Compared to number of active, same period, in 2024: 112, in 2023: 96, in 2022: 17

Total Sold Listings*

19

Median Sold Price

$640,000

Avg Days on Market

44 days

Median Bidding

-$14,900

Compared to number of sold, same period, in 2024: 56, in 2023: 18, in 2022: 44

*Data is for the month of March

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

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

Sold Price Distribution - Russell - All types

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

Property Type Distribution - Russell - All types

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

Median Price - Russell - All types

Population and Demographics

Overview

Total population 19542
Average household income $145,443

Age (%)

0 to 19
26%
50 to 64
22%
35 to 49
21%
20 to 34
17%
65 and plus
14%

Household composition (%)

Single family
79%
Single person
18%
Multi person
2%
Multi family
1%

Mother tongue (%)

English
54%
French
39%
English and French
4%
Others
2%

House tenancy (%)

Owners
84%
Renters
16%

Top 5 Schools in Russell

École Élémentaire Catholique Embrun - Pav. Saint-Jean/Pav. la Croisée1045 Notre-Dame rue, K0A 1W0, Embrun, ON
6.7/10
PublicJK-6
Mother Teresa Catholic School1035 Concession Rd, K4R 1G7, Russell, ON
6.6/10
PublicJK-6
St. Thomas Aquinas Catholic High School1211 South Russell Rd 2, K4R 1E5, Russell, ON
6.2/10
Public9-12
Russell High School982 North Russell Road, K4R 1C8, Russell, ON
5.6/10
Public9-12
Russell Public Public School14 Mill Street, K4R 1A6, Russell, ON
5.2/10
PublicJK-6

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

Transit Friendly

0/5

Few transit options

Shopping, Food and Nightlife

Cafes

1/5

Few or no cafés within walking distance

Groceries

1/5

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