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.
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.
Frequently Asked Question (FAQs)
How many homes for sale are available in Nipissing?
There are 33+ homes available for sale in Nipissing.
How many residential properties are available in Nipissing?
There are 33+ residential properties available in Nipissing. However, this number is subjective to market listings.
What is the median home price in Nipissing?
The median home price in Nipissing is $634,000.
Can foreigners/ex-pats buy property in Nipissing?
Yes, ex-pats or foreigners can buy property in Nipissing.
Which property is best to buy in Nipissing?
Detached houses and semi-detached houses are always in demand in Nipissing.
Are detached or semi-detached properties for sale available in Nipissing?
Yes, you can find many detached or semi-detached properties for sale in Nipissing.
Does Square Yards tell the property’s life in Nipissing MLS?
Yes, Square Yards listings have all the detailed information on the property’s age, along with all the other information.
What amenities do I get on buying Nipissing property?
The amenities provided when you buy a property in Nipissing vary from one property to another. Detailed information about a property, along with the amenities, can be obtained on Square Yards.
What is the minimum and maximum price range in Nipissing?
The minimum and maximum price range may vary between $100,000 and $5 million for properties in Nipissing. Although, the prices are subject to change depending on the property evaluation and location.