Oakwyn Realty Ltd.

Executive Summary

The Parry Sound, Ontario real estate market is currently classified as a balanced market. The median asking price is $490K.

There are currently 23 active listings. Inventory has increased 35.3% compared to last month.

Currently, listings spend an average of 44 days on market and the average price per square foot is $526.

Detached properties make up the largest share of the Parry Sound market at 57% of active listings with an average price of $799K. Condo listings follow at 43% (avg $366K).

Sales Activity & Absorption

Volume

23
Active
44
Avg DOM
6
New (30d)
3
New (7d)

Market Signals

0
Price Cuts (30d)
3
New (7d)
0
Price Cuts
3
New (7d)

6 new listings appeared in the past month.

Interest Rates & Affordability

Current Rates

Bank of Canada Policy Rate2.25%
Prime Rate4.45%
Est. Variable Rate (Prime + 0.5%)4.95%

Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.

Estimated Monthly Payment

Based on median price of $490K, 20% down, 25yr amortization
$2,280/mo
at 4.95% variable rate

This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.

Market Outlook

The market is relatively balanced between buyers and sellers. The Parry Sound market currently has 23 active listings with a median price of $490K.

  • Low price reduction rate (0% of listings)
  • Average price per square foot is $526

For Buyers

The Parry Sound market is balanced. You have reasonable options, but well-priced homes will still draw interest. Get pre-approved and stay informed on new listings. There were 3 new listings in the past week.

For Sellers

Price your home realistically based on recent sales. Focus on presentation and highlight unique features. Well-priced properties are still selling within reasonable timeframes.

Search Parry Sound

Browse all 23 active listings.

View All Listings

Resources

Market data is calculated from active and recently sold MLS listings as of February 28, 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.

Data provided by CREA DDF. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Information deemed reliable but not guaranteed.