Penetanguishene Real Estate

Refine your Penetanguishene real estate search by price, bedroom, or type (house, townhouse, or condo). View up-to-date MLS® listings in Penetanguishene.

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  2. ON
  3. Penetanguishene

Home Prices in Penetanguishene

The asking price of homes for sale in Penetanguishene has increased 9.09% since May last year, while the number of homes for sale has decreased -92.65%. See more Penetanguishene Home Prices & Values.

House
Median Asking Price
$542K
32 Houses
Townhouse
Median Asking Price
$0
0 Townhouses
Condo
Median Asking Price
$569K
1 Condos

Find Real Estate & MLS® Listings in Penetanguishene

Zolo has the most thorough, up-to-date set of Penetanguishene real estate listings. At the moment, Penetanguishene has 39 homes for sale, including 32 houses, 1 condos, and 0 townhouses listed for sale. The average sold price for all home types in Penetanguishene is $433K, which is 18% higher than May 2019. See our Penetanguishene housing market stats for a more detailed analysis on average home prices, housing inventory, and days on market.

With Zolo you'll be able to find the hottest Penetanguishene neighbourhoods, the best schools in the city, and evaluate nearby amenities. Narrow down your home search to filter by price, bedrooms, size or search by our map of MLS® listings for Canada-wide real estate.

MLS® Listing data for Penetanguishene is added every 15 minutes to provide you the most-up-to-date home listings. Get in touch with one of our Penetanguishene real estate agents to get started on landing your dream home today.

Penetanguishene City Guide

9K
Population
-2.6%
Population Growth
10%
Unemployment

Located in Ontario, the city of Penetanguishene has a population of 9,111. The -2.6% population growth for this city is below average when compared to other Canadian cities.

There are 6.74% of immigrants in in Penetanguishene, 0% of which are recent immigrants to Canada. Other than English, the most common language spoken is French, with 10% of residents reporting it as their mother tongue. The largest cultural community within Penetanguishene is Canadian at 38%, followed by French at 37% and English at 35%.

Penetanguishene offers good employment opportunities with an unemployment rate that sits near 10%, which is below average when compared to other cities. Approximately 50% of residents hold a university degree. Residents can expect good quality of life in Penetanguishene based upon an average median family income of $55,901.

According to Statistics Canada 92% of Penetanguishene residents drive. About 13% of residents that are already established within the city will move within a year, while 33% will move within five years.

Penetanguishene's population is average when it comes to homeownership, with 75% owning a home and 25% renting. The median monthly mortgage cost is estimated to be about $1,013, which is average when compared to renters in other Canadian cities.

In the Canadian real estate context, Penetanguishene is a good place to establish a foothold in the real estate market.

Nearby Cities

Plenty would-be homeowners opt homes for sale in communities that are further from Penetanguishene's downtown core. Suburban communities usually offer larger homes on larger lots. For even more options, consider commuting into Penetanguishene's core from a nearby city, such as Tay, , and . Even neighbouring cities that require a bit of a longer commute, such as , , and , are good options as they provide great housing options, often at more attractive prices.

City
(Top 5)
Sold under 10d Sold above asking Average sale price Active listings
1Penetanguishene 117%25%$433K41
2Midland 20%36%$346K84
3Tay 8%29%$532K61

Demographics

Buying a house means owning a piece of a neighbourhood, so it’s a good idea to get to know your neighbours. Here’s a snapshot of Penetanguishene’s demographics, including median age, schools and income, using census information from Statistics Canada.

25%
Rent
75%
Own
$703
Monthly Rent (Median)
$1,013
Monthly Mortgage (Median)
2,495
Total Families
$55,901
Family Income (Median)
47
Age (Median)
50%
College Educated

Schools

For those interested in buying Canadian real estate in order to raise a family, take heart: Penetanguishene is home to top-rated elementary and secondary schools. To help you narrow down your Penetanguishene housing market search, here’s the top five schools in each category. (Learn more in our school guide.)

Elementary Schools

5.4 Saint-Louis
5.1 Burkevale
4.1 James Keating
3.8 Canadian Martyrs
3.5 St Ann's

Secondary Schools

5.1 Penetanguishene
5.0 Le Caron

Commuters

According to Statistics Canada, residents in Penetanguishene use a variety of ways to get around.

92%
Drive
1%
Transit
0%
Bike
7%
Walk

FAQs About PENETANGUISHENE Real Estate

According to current Penetanguishene MLS© statistics, the average home listing price in Penetanguishene, ON is $628,000. Based on Penetanguishene housing inventory, the average home is listed on the market for 17 days and has a 100.5% selling to listing price ratio.

Based on current Penetanguishene MLS© data, the average detached house in Penetanguishene, ON has a listing price of $756,000. In Penetanguishene, detached houses are on the market for 19 days on average.

According to current Penetanguishene MLS© data, the average condo in Penetanguishene, ON has a listing price of $569,000. In Penetanguishene, the average price for a 2-bedroom condo is $569,000 and the average price for a 1-bedroom condo is $0.

In Penetanguishene, ON, the most expensive neighbourhoods to buy a home include Penetanguishene. Penetanguishene is the most expensive neighbourhood in Penetanguishene with an average home price of $678,000.

The cheapest neighbourhoods to buy a home in Penetanguishene include Penetanguishene and Penetanguishene. Penetanguishene is the most affordable neighbourhood in Penetanguishene with an average home price of $678,000.

The closest cities to Penetanguishene, ON include Midland, Tiny, Tay and Honey Harbour. Out of the nearby Penetanguishene cities, Tiny has the highest average home price of $738,000 and Tay has the most affordable average home price of $533,000.

According to Statistics Canada Census data, the median total household income in Penetanguishene is $55,901 per year, which is below the national median income of $67,000 per year.

penetanguishene
The listing data is provided under copyright by the Toronto Real Estate Board. The listing data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board nor Zolo.