Sault Ste. Marie, Ontario Real Estate Market Report
Northern Ontario, Ontario, Canada · Market data as of
Buyer's MarketSault Ste. Marie is currently a buyer’s market with 15.0 months of inventory and a 12-month median sale price of $340K. Higher inventory gives buyers more options and room to negotiate.
Price Trajectory
How Sault Ste. Marie's median sold price is moving — year-over-year, by property type, and most recently.
| Property Type | Median | YoY |
|---|---|---|
| Freehold | $340K | — |
Sold residential · trailing 12 months · aggregated MLS data. Property types with fewer than 10 sales are omitted.
Most market reports are old by the time you read them. Boards publish monthly, usually two weeks after the month closes. Every figure on this page is calculated daily from live MLS data, so you're seeing today's market, not last month's summary.
Based on 10 sales and 15active listings · Data refreshes every morning
BWhat This Means for Buyers
With 15.0 months of inventory, buyers have more options and negotiating power in Sault Ste. Marie.
There are 15 active listings to choose from, giving you time to find the right fit.
Prices have been trending down, which may create opportunities for patient buyers.
SWhat This Means for Sellers
Higher inventory means sellers need to work harder to stand out in Sault Ste. Marie.
Homes are selling at 93% of list price, so pricing accurately from day one is critical.
10 homes sold in the past 12 months. Presentation and pricing strategy matter more in this environment.
Filters apply to statistics and charts below. Other sections show all property types.
Prices have been trending downward over the past 12 months. Here's how that breaks down across price ranges and time.
How fast are homes selling?
Average days on market over time. Lower numbers mean homes are selling faster.
How does this month compare?
Month-over-month and year-over-year changes in key metrics.
| Metric | Current | Last Month | MoM | Same Month Last Year | YoY |
|---|---|---|---|---|---|
| Median Price | $510K | $344K | +48.3% | -- | -- |
| Sales Count | 2 | 2 | 0% | -- | -- |
| Avg DOM | 49 | 28 | +75% | -- | -- |
Just Listed
Just Sold
Want a Detailed Analysis?
Contact Jeff Chisholm for a personalized market analysis of Sault Ste. Marie and surrounding areas.
Jeff Chisholm, Sales Representative
Chisholm Real Estate Team
Direct Realty Ltd., Brokerage
Top Rated Schools
Source: EQAO provincial assessment results
How does Sault Ste. Marie compare?
Key metrics for nearby cities in Northern Ontario. All figures are for residential properties over the past 12 months.
Frequently Asked Questions
What is the average home price in Sault Ste. Marie, Ontario?
Is Sault Ste. Marie a buyer's or seller's market?
How long do homes take to sell in Sault Ste. Marie?
What is the months of inventory in Sault Ste. Marie?
How much do homes sell above or below asking in Sault Ste. Marie?
What are the real estate market trends in Sault Ste. Marie, Ontario?
Current Mortgage Rates in Ontario
1 year fixed
2.50%
Bank of Canada Posted Rate
3 year fixed
5.19%
Bank of Canada Posted Rate
5 year fixed
6.09%
Bank of Canada Posted Rate
Prime (variable)
2.65%
Posted rates from Bank of Canada · Updated July 21, 2026
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How We Calculate These Statistics
Data source: Statistics are calculated from MLS listing data provided under license from the Canadian Real Estate Association (CREA) and participating real estate boards.
Months of Inventory (MOI):Active listings divided by the monthly sales rate for the selected period (1, 3, 6, or 12 months). Under 4 months generally indicates a seller's market; over 6 months indicates a buyer's market.
SP/LP Ratio: Sale Price to List Price ratio calculated as the median of (sale price / list price) across all sold properties with valid pricing data.
Home Price Index (HPI):CREA's aggregate composite benchmark index tracking price changes for a typical home, adjusted for property mix differences over time.
Update frequency: Data refreshes every 30 minutes via Incremental Static Regeneration (ISR). Daily snapshot metrics update once per day.
Coverage: Includes all residential property types listed on the MLS for Sault Ste. Marie and surrounding areas.
Jeff Chisholm, Sales Representative
Chisholm Real Estate Team at Direct Realty Ltd., Brokerage
Premium real estate tools and market intelligence powered by REintel
Data provided by REintel. Statistics are aggregated from MLS data under license. Reproduction or redistribution of this data is prohibited without written consent. The listing data is deemed reliable but is not guaranteed accurate by the Canadian Real Estate Association (CREA).
REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS, Multiple Listing Service and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.