Thunder Bay Real Estate Board

Sales of single detached homes in the City of Thunder Bay numbered 117 units in June 2025. This was a minor increase of 1.7% (two sales) from the same period in 2024.

Single detached home sales were 5.4% above the five-year average and 1.4% above the 10-year average for the month of June.

On a year-to-date basis, single detached home sales totaled 439 units over the first six months of the year. This was a moderate gain of 4.8% from the same period in 2024.

“Board-wide home sales continued their steady climb in June, marking the sixth consecutive month-over-month gain - a streak that has defined the market so far in 2025. The City of Thunder Bay had a standout month, posting the second highest sales total in the past 12 months,” said Spencer Smith, President of the Thunder Bay Real Estate Board. “Even more notable, the median price for single detached homes in the City of Thunder Bay surpassed the $400K mark for the first time on record. This is a historic milestone that reflects the continued strength and appeal of this housing category.”

The median sale price for single detached homes sold in June 2025 was a record $405,000, increasing by 7.9% from June 2024.

The more comprehensive year-to-date median price was $389,000, a gain of 11.1% from the first six months of 2024.

Single detached properties spent about the same amount of time on the market before selling in June 2025 than they had a year earlier. The median number of days on market for single detached home sales was 14 in June 2025, in line with the 14 days recorded in June 2024.

The dollar value of all single detached home sales in June 2025 was $50.3 million, up by 11.7% from the same month in 2024. This was also a new record for the month of June.