Nipissing ON Real Estate Listings & Houses for Sale

Nipissing is a township located in Central Ontario with a population of 1,769, per the 2021 Census. The town has seen a 3.8% growth in its people, which increased the demand for houses for sale in Nipissing. Though a small town with more than 90% of the properties owned by the residents, the Nipissing housing market still provides various options for residents. One can check for the available Nipissing real estate for sale online and choose the ones available. The most sought-after are 3-bed houses, and these detached homes dominate the market regarding residential property for sale in Nipissing. 

Market Trend For Sale in Nipissing 

As per the real estate market trends in Nipissing, the median monthly mortgage paid here is $1,034 approximately, and the median rent is $1,027. Most properties for sale are owner listed, and one can choose from condo apartments, townhouses, detached houses and semi-detached houses for sale in Nipissing. The Nipissing housing market trend favours detached and semi-detached houses here. A 2-bed detached house can cost $199,000 approximately, and the price varies from community to community. Based on the real estate trends in Nipissing, an average price of a home is $548,000.

Nipissing Neighbourhoods 

Some neighbourhoods to find properties for sale in Nipissing are North Bay and West Nipissing. One can explore the properties listed online and pick the one based on preferences, amenities, and budget. 

Real Estate MLS Listings and Investment in Nipissing

One can find various types of properties to invest in Nipissing. Some common options are detached homes, semi-detached homes, condo apartments, commercial and office spaces, and townhouses.

Market Stats Report of Nipissing

The average cost of a detached house in Nipissing is $634,000, and they are the ones in most demand and often get sold out within a few weeks. One can often find detached houses for sale in Nipissing anytime, but the price varies from community to community. A detached 2-bed house on Spruce Drive may cost $275,000 approximately, and a similar 2-bed houses for sale in Nipissing can cost $199,000 on Highway 575. 

Demographic & Population Ratio in Nipissing

As per Nipissing demographics and 201 census data, the total population of Nipissing stands at 1,704. The region has seen a population growth of 3.8%, which in turn has increased the growth of the real estate market. Out of the population, about 6.13% are immigrants, and English and French are the most common languages spoken here. The median age here is 49; a total of 555 families reside here. Also, the median family income in Nipissing is $69,751.

Real Estate Brokerage Trends

As per the Nipissing real estate brokerage trends, Ontario prices are expected to dip by at least 2 – 10%. This can negatively influence the real estate market in Nipissing as well. The market trends in Nipissing present indicate an uptrend, but experts suggest they might decrease during December and January. Knowing the brokerage trends, Nipissing can help buyers pick the right property in the right location and time.