Home sales, prices increased last month in Sudbury, Timmins

Sudbury home sales hit record high in July, with prices up 5.5% since January. Total sales reached $149.8 million, a 13.5% annual jump.

The average price of a home sold in Greater Sudbury and Timmins increased in July compared to the same time a year ago. Overall sales were also up in both communities.

In Sudbury, the Sudbury Real Estate Board said sales increased for the seventh consecutive month in July, increasing by 7.6 per cent compared to July 2024.

“Home sales were 2.7 per cent above the five-year average and 2.8 per cent above the 10-year average for the month of July,” said the monthly update from the Canadian Real Estate Association (CREA).

The average price of a home sold last month was $501,063, up by 5.5 per cent from a year earlier. The year-to-date average price is $508,802, also an increase of 5.5 per cent compared to the first seven months of 2024.

“The dollar value of all home sales in July 2025 was $149.8 million, an increase of 13.5 per cent from the same month in 2024,” the CREA said.

“This was also a new record for the month of July.”

There was a significant increase in the number of new homes for sale, with 436 new listings coming on to the market, the largest single-month increase in five years.

New record

In Timmins, 142 homes were sold in July, an increase of 16.4 per cent compared to the same month in 2024.

“On a year-to-date basis, home sales totaled 722 units over the first seven months of the year,” the CREA update said.

“This was an increase of 11.9 per cent from the same period in 2024.”

The average price of homes sold in July 2025 was $313,646, an increase of 5.8 per cent from July 2024. The year-to-date average price was $295,578, up 0.9 per cent from the first seven months of 2024.

The dollar value of all homes sold last month set a new record of $44.5 million, up by 23.2 per cent in the last 12 months.

There were 472 homes for sale in July, a drop of 17.3 per cent compared to the same time last year.

Updated sales information for North Bay has not been available since December 2024 and since May in Sault Ste. Marie.