City of Thunder Bay

NorthwoodHousing market

Northwood

Northwood Housing Market Report

Strong Seller's Market

All types - for the month of April

Buyer's market Seller's market

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.

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*

1 active

New

1(- YoY)

Relisted

-(- YoY)

Compared to number of active, same period, in 2024: -, in 2023: -, in 2022: -

Total Sold Listings*

- sold

Median Sold Price

-

Avg Days on Market

- days

Median Bidding

-

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

*Data is for the month of April

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

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

Sold Price Distribution - Northwood - All types

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

Property Type Distribution - Northwood - All types

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

Median Price - Northwood - All types

Just sold - Northwood

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Sold 3 years ago

Sold for $255,000

$5K above asking

206 Kensington Dr, Thunder Bay

Semi-Detached3+12- sq ft

Listed by TIMES REALTY GROUP INC., BROKERAGE

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Sold 3 years ago

Sold for $185,000

$15K below asking

100 Limbrick St, Thunder Bay

Semi-Detached3+12- sq ft

Listed by TIMES REALTY GROUP INC., BROKERAGE

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Sold 4 years ago

Sold for $288,400

616 Mohawk Cres, Out of Area

Detached2+11- sq ft

Listed by MY MOVE REALTY, BROKERAGE

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Sold 6 years ago

Sold for $285,000

152 Bayberry Cres, Out of Area

Detached3+12- sq ft

Listed by MY MOVE REALTY, BROKERAGE

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Sold 6 years ago

Sold for $228,500

$17K below asking

538 Mcgill Cres, Out of Area

Detached3+12- sq ft

Listed by MY MOVE REALTY, BROKERAGE

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Sold 6 years ago

Sold for $174,000

$5K below asking

108 Newberry Cres, Out of Area

Semi-Detached31- sq ft

Listed by MY MOVE REALTY, BROKERAGE

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Sold 6 years ago

Sold for $308,000

$11K below asking

621 Redwood Ave, Out of Area

Detached3+12- sq ft

Listed by MY MOVE REALTY, BROKERAGE

trreb/IMG-X4096793_1.jpg

Sold 7 years ago

Sold for $290,000

$10K below asking

501 Acadia Crt, Out of Area

Detached421100-1500 sq ft

Listed by MY MOVE REALTY, BROKERAGE

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Sold 7 years ago

Sold for $262,000

419 Churchill Dr, Out of Area

Detached3+221100-1500 sq ft

Listed by MY MOVE REALTY, BROKERAGE

trreb/IMG-X4067766_1.jpg

Sold 7 years ago

Sold for $179,000

$5K below asking

535 Churchill Dr, Out of Area

Semi-Detached31- sq ft

Listed by MY MOVE REALTY, BROKERAGE

Population and Demographics

Overview

Total population 8098

Average household income $110,741

Age (%)

65 and plus

25%

20 to 34

21%

0 to 19

20%

50 to 64

19%

35 to 49

16%

Household composition (%)

Single family

65%

Single person

30%

Multi person

5%

Multi family

0%

Mother tongue (%)

English

89%

Others

5%

Italian

2%

French

2%

House tenancy (%)

Owners

76%

Renters

24%

Top 3 Schools in Northwood

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

7.7/10

Public•JK-6

St Vincent Catholic Elementary School150 West Redwood Ave, P7C 1Z6, Thunder Bay, ON

6.7/10

Public•JK-6

École Elsie MacGill PS (Elementary)130 Churchill Drive, P7C 1V5, Thunder Bay, ON

6.5/10

Public•JK-8

Transportation

Car Friendly

5/5

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

Pedestrian Friendly

2/5

Few day-to-day needs are within walking distance

Transit Friendly

1/5

Few transit options

Shopping, Food and Nightlife

Cafes

2/5

Some cafés within walking distance

Groceries

3/5

At least one grocery store within a 30-minute walk

Nightlife

1/5

Few or no bars within walking distance

Shopping

2/5

Some shops within walking distance

Restaurants

2/5

Some restaurants within walking distance