City of Thunder BayHousing market

City of Thunder Bay

City of Thunder Bay Housing Market Report

Seller's Market

All types - for the month of April

Buyer's market Seller's market

2

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.

25

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*

2 active

New

1(-50.00% YoY)

Relisted

-(- YoY)

Compared to number of active, same period, in 2024: 6, in 2023: 2, in 2022: 0

Total Sold Listings*

1 sold

Median Sold Price

$590,000

Avg Days on Market

25 days

Median Bidding

-$9,900

Compared to number of sold, same period, in 2024: 0, in 2023: 0, in 2022: 1

*Data is for the month of April

Median Sold Price vs Average Days and Average Total Days on Market - City of Thunder Bay - All types

Sold vs Active vs New vs Relisted - City of Thunder Bay - All types

Sold Price Distribution - City of Thunder Bay - All types

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

Property Type Distribution - City of Thunder Bay - All types

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

Median Price - City of Thunder Bay - All types

Just listed - City of Thunder Bay

Home with brick exterior material, street for 410 Churchill Dr, Thunder Bay Ontario P7C 1V7

12 days on market

410 Churchill Dr, Thunder Bay

Detached3+12700-1100 sq ft

Listed by ICI SOURCE REAL ASSET SERVICES INC.

Unknown for 215 Cumming St, Thunder Bay Ontario P7C 1N8

53 days on market

$•••,•••

215 Cumming St, Thunder Bay

Detached321100-1500 sq ft

Listed by SOLID ROCK REALTY

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, building for 2528 Dawson Rd, Thunder Bay Ontario P7G 2G2

1 year on market

$•••,•••

2528 Dawson Rd, Thunder Bay

Detached3+221100-1500 sq ft

Listed by CHAMPS REAL ESTATE BROKERAGE INC.

Just sold - City of Thunder Bay

Home with vinyl exterior material, street for 259 Carl Ave, Thunder Bay Ontario P7B 4Z3

Sold 23 days ago

Sold for $590,000

$10K below asking

259 Carl Ave, Thunder Bay

Detached2+331100-1500 sq ft

Listed by REAL BROKER ONTARIO LTD.

Frontside or backside of a home, the front or back of building for 179 VALLEY St, Thunder Bay Ontario P7B 2A9

Sold 71 days ago

Sold for $552,900

179 VALLEY St, Thunder Bay

Detached3+1-- sq ft

Listed by EXP REALTY

Indoor entryway for 63 Church Rd, Thunder Bay Remote Area Ontario P0W 1C0

Sold 147 days ago

Sold for $340,000

$5K below asking

63 Church Rd, Thunder Bay Remote Area

Detached532500-3000 sq ft

Listed by EASY LIST REALTY LTD.

trreb/IMG-X9256575_1.jpg

Sold 212 days ago

Sold for $380,000

$20K below asking

443 Van Norman St #108, Thunder Bay

Condo221000-1199 sq ft

Listed by ICI SOURCE REAL ASSET SERVICES INC.

trreb/IMG-X8177946_1.jpg

Sold 324 days ago

Sold for $233,500

$26K below asking

1518 Victoria Ave #1, Thunder Bay

Condo211000-1199 sq ft

Listed by RED HOUSE REALTY

rahb/IMG-H4186756_1.jpg

Sold 348 days ago

Sold for $215,000

566 Pasteur Rd #51, Thunder Bay

Townhouse211200 sq ft

Listed by Keller Williams Complete Realty

trreb/IMG-X6038820_1.jpg

Sold 1 year ago

Sold for $165,000

515 Vickers St, Thunder Bay

Detached41- sq ft

Listed by CHAMPS REAL ESTATE BROKERAGE INC.

trreb/IMG-X6656084_1.jpg

Sold 1 year ago

Sold for $725,000

$25K above asking

276 Cougar Cres, Thunder Bay

Detached321100-1500 sq ft

Listed by CRIPPS REALTY

trreb/IMG-X5959524_1.jpg

Sold 1 year ago

Sold for $230,000

$30K above asking

426 Algoma St, Thunder Bay

Detached2+32- sq ft

Listed by CHAMPS REAL ESTATE BROKERAGE INC.

trreb/IMG-X6319571_1.jpg

Sold 2 years ago

Sold for $265,000

$20K below asking

531 Norah St, Thunder Bay

Detached2+11- sq ft

Listed by PG Direct Realty Ltd. Brokerage

Population and Demographics

Overview

Total population 108361

Average household income $111,537

Age (%)

65 and plus

22%

50 to 64

21%

20 to 34

21%

0 to 19

19%

35 to 49

17%

Household composition (%)

Single family

58%

Single person

36%

Multi person

5%

Multi family

0%

Mother tongue (%)

English

89%

Others

4%

French

2%

Italian

2%

Finnish

1%

House tenancy (%)

Owners

68%

Renters

32%

Top 5 Schools in City of Thunder Bay

St Paul Catholic Elementary School539 Grenville Ave, P7A 2C3, Thunder Bay, ON

9.6/10

Public•JK-6

St Francis Catholic Elementary School600 W Redwood Ave, P7C 5G1, Thunder Bay, ON

7.7/10

Public•JK-6

Nor'wester View Public School1946 Mountain Rd, P7J 1C8, Thunder Bay, ON

7.4/10

Public•JK-8

St Pius X Catholic Elementary School140 South Clarkson St, P7B 4W8, Thunder Bay, ON

7.3/10

Public•JK-6

Woodcrest Public School867 Woodcrest Road, P7G 1J2, Thunder Bay, ON

7.3/10

Public•JK-8

Transportation

Car Friendly

5/5

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

Pedestrian Friendly

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

1/5

Few or no cafés within walking distance

Groceries

2/5

At least one grocery store within a 30-minute walk

Nightlife

1/5

Few or no bars within walking distance

Shopping

1/5

Some shops within walking distance

Restaurants

2/5

Few or no restaurants within walking distance