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 sold - City of Thunder Bay

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

Sold 42 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 90 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 166 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 231 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 343 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 1 year 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 2 years 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