The average residential sale price in the Sudbury housing market has increased by 7.1 per cent year-over-year across all property types between January 1 and July 31 2025 from $504,302 to $540,214. The number of sales decreased by 1.9 per cent for the same time period from 1,125 to 1,104. The number of listings decreased by 9.5 per cent (from 2100 in 2024 to 1900 in 2025). Average sales prices across all property types are anticipated to rise by five per cent through the end of 2025, while the number of sales is predicted to stay the same.
Trends in the Sudbury Housing Market
The Sudbury housing market in Q4 2024 experienced a seller’s market due to limited housing supply, this is expected to remain the same for the rest of the year. Families are the main drivers of home sales in the Sudbury region with investment buyers becoming more active. There isn’t enough inventory to keep up with the growing demand. Despite this, many sellers remain confident in their pricing, buoyed by Sudbury’s track record of weathering broader and more volatile economic shifts. Despite some uncertainty in the broader economy, buyers are drawn to the region for its relative affordability and the strong sense of community and local amenities. These factors help keep the region steady and appealing for families and investment buyers alike.
First-time buyers in the Sudbury housing market are older on average than in previous years, with many now entering the market in their late twenties. These buyers are exploring alternative ways to get started, such as purchasing multi-family properties, including additional rental suites, which can offer better affordability and ability to put a downpayment on a home.
Conditional sales have become slightly more common in the higher-end market, as buyers make offers contingent on the sale of their current property. Because luxury homes often take longer to sell, these conditions give buyers the flexibility to move forward only when the timing works for them. While this allows more buyers to participate, it can also make the process less predictable for sellers and extend the timeline for closing a deal.
