Thunder Bay Real Estate Board

Sales of single detached homes in the City of Thunder Bay numbered 96 units in September 2025. This was a gain of 11.6% (10 sales) from the same period in 2024.

Single detached home sales were 9.8% above the five-year average and 5% above the 10-year average for the month of September.

On a year-to-date basis, single detached home sales totaled 786 units over the first nine months of the year. This was up by 11.5% from the same period in 2024.

“MLS® home sales across the entire board posted a solid year-over-year gain and the highest September total since 2020. The number of newly listed homes bucked the recent monthly trend, increasing slightly from the previous month and landing right around where would be expected for this time of year,” said Spencer Smith, President of the Thunder Bay Real Estate Board. “The average price pulled back slightly to under the $400K mark for the first time since April, while still posting a gain from September 2024. It seems confidence in our local market remains intact and there are still plenty of opportunities for well-prepared buyers and sellers. To make the most of the current opportunities we recommend working with a local REALTOR® who can provide tailored advice on the areas you are interested in and help create an action plan that fits your goals.”

The median sale price for single detached homes sold in September 2025 was $392,500, an increase of 21.7% from September 2024.

The more comprehensive year-to-date median price was $400,000, a gain of 14.3% from the first nine months of 2024.

Single detached properties spent less time on the market before selling in September 2025 than they had a year earlier. The median number of days on market for single detached home sales was 14 in September 2025, down from the 14.5 days recorded in September 2024.

The dollar value of all single detached home sales in September 2025 was $39.6 million, increasing by 28.3% from the same month in 2024. This was also a new record for the month of September.