Sudbury Real Estate Market Report
Executive Summary
Tania MenicucciLocal expert · SudburyThe Sudbury, Ontario real estate market is currently classified as a seller's market. The median asking price is $547K, down 0.5% over the past 30 days.
There are currently 280 active listings, representing 2.5 months of inventory. Inventory has increased 62.8% compared to last month.
Currently, the average price per square foot is $172.
Detached properties make up the largest share of the Sudbury market at 98% of active listings with an average price of $769K. Condo listings follow at 2% (avg $616K).
Sales Activity & Absorption
Volume
Market Signals
Sudbury Real Estate Board reported 320 sales this period, 103 new listings appeared in the past month.
Sudbury Real Estate Board Monthly Report
The number of homes sold through the MLS® System of the Sudbury Real Estate Board totaled 320 units in July 2026. This increased by 7.7% from July 2025. Residential sales haven’t hit this level in the month of July in more than five years.
Home sales were 9.2% above the five-year average and 7.2% above the 10-year average for the month of July.
On a year-to-date basis, home sales totaled 1,414 units over the first seven months of the year. This was a decline of 6.8% from the same period in 2025.
The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite/single-family benchmark price was $512,000 in July 2026, increasing by 2.8% compared to July 2025.
The average price of homes sold in July 2026 was $499,198, nearly unchanged, down only 0.3% from July 2025.
The more comprehensive year-to-date average price was $508,255, unchanged 0% from the first seven months of 2025.
The dollar value of all home sales in July 2026 was $159.7 million, a moderate gain of 7.4% from the same month in 2025. This was also a new record for the month of July.
The number of new listings rose 7.1% from July 2025. There were 467 new residential listings in July 2026. This was the largest number of new listings added in the month of July in more than a decade.
New listings were 10.5% above the five-year average and 11.5% above the 10-year average for the month of July.
Active residential listings numbered 800 units on the market at the end of July, a modest gain of 2.4% from the end of July 2025. Active listings haven’t been this high in the month of July in more than five years.
Active listings were 10% above the five-year average and 11.3% below the 10-year average for the month of July.
Months of inventory numbered 2.5 at the end of July 2026, down from the 2.6 months recorded at the end of July 2025 and below the long-run average of 3.1 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
Source: Sudbury Real Estate Board, July 2026
Market Balance
Months of Inventory
Demand significantly outpaces new supply — expect competitive offers.
High absorption relative to inventory — tight market.
With only 2.5 months of inventory, the market is supply-constrained. Buyers should be prepared for competition, and sellers can expect strong interest.
Interest Rates & Affordability
Current Rates
Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.
Estimated Monthly Payment
This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.
Market Outlook
This is currently a seller's market with strong demand and limited inventory. The Sudbury market currently has 280 active listings with a median price of $547K and 2.5 months of inventory.
- Low inventory (2.5 months) favors sellers
- Low price reduction rate (0% of listings)
- Low sell-through rate (0%)
- Average price per square foot is $172
Data sourced from CREA DDF® active listings. Metrics computed from listing data updated daily. Prepared by Tania Menicucci with AI assistance, reviewed by our team.
Monthly Reports Archive
Market data is calculated from active and recently sold MLS® listings as of August 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.