Peterborough Real Estate

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

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Home Prices in Peterborough

The asking price of homes for sale in Peterborough has increased 9.09% since December last year, while the number of homes for sale has decreased -90.86%. See more Peterborough Home Prices & Values.

House
Median Asking Price
$580K
61 Houses
Townhouse
Median Asking Price
$661K
16 Townhouses
Condo
Median Asking Price
$418K
5 Condos

Find Real Estate & MLS® Listings in Peterborough

Zolo has the most thorough, up-to-date set of Peterborough real estate listings. Currently, Peterborough has 99 homes for sale, including 61 houses, 5 condos, and 16 townhouses for sale.

Peterborough is home to 5 unique neighbourhoods. With Zolo you'll be able to find the hottest Peterborough neighbourhoods, the top 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.

If you’re looking for rentals instead of properties for sale, Zolo has a comprehensive set of 18 Peterborough rental listings, including 3 houses and 2 apartments for rent. Most residents in the city own their homes, while 35% live in rentals with an average lease price of $850.

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

Peterborough City Guide

79K
Population
4.4%
Population Growth
10%
Unemployment

Peterborough, the proud home of more than 81,032 residents, is located on the bank of Otonabee River in the central area of southern Ontario, in Canada. The city’s population is expected to increase over the next few years due to the planned extension of Ontario Highway 407.

The city began as a small sawmill and gristmill river village, until the immigration that took place in the 1800s. A wealthy New York businessman with the name Peter Robinson, for whom the city is named, actually took over the emigration. He interviewed the Irish people that wanted to move here and decided which ones could inhabit the city. Some of the criteria included that the new residents were Catholic, younger than 45, healthy, knew how farm and weren’t related to any of the other new residents.

The city continued developing as an agricultural center, with mostly farming families, until the early 20th century. It was incorporated as a city in 1905 with a population of 14,300 residents, but it didn’t adopt its coat of arms and flag until 1951. In a strange twist of fate, Peterborough eventually became known as the “The Electric City” because it was the first city to use electric streetlights in Canada.  

One of the more important bodies of water in the region, for economical reasons, was the river that ran through Peterborough. This river enabled specific technology and manufacturing corporations, such as Siemens, Rolls-Royce Limited, General Electric and PepsiCo Foods to grow and flourish. Eventually, a series of factories shut down and there was a shift away from manufacturing, which meant city officials had to find other economic drivers. This prompted the rise of tourism and the service industry in Peterborough. Today, tourism and the service industry are the main economic drivers for the city and the leading industries in the area. Another economic driver is the public sector.  Much of the city’s employment comes from health care and educational facilities, followed by the service industries and finally, manufacturing.  

The climate in Peterborough is quite pleasant and the city boasts a chance to experience all four seasons throughout the year.  

Peterborough is considered a choice place to move and raise a family due to its extremely low crime rate, and, according to some studies, its incredible support for the retirement lifestyle. In a study done in 2017 by Comfort Life magazine, Peterborough was named as one of the best places to invest in Canada.

Neighbourhoods

If you want to be located within walking distance to the downtown core and live in an attractive old house, then the East City is a great option. With the scenic trails, nearby parks and the proximity to Little Lake, it’s an ideal place for those looking for a quiet neighbourhood that’s close to downtown, but also has outdoor recreational access.

Another desirable neighbourhood for people looking for their next home in Peterborough is The Old West End, or The Avenues. It’s close to the downtown core, but still a quiet place with a lot of historical heritage locations nearby. The homes in this area are priced in the higher range as they tend to larger, older homes filled with character.

For more budget-conscience shoppers, check out Stewart Street as a great option, not only because of the more affordable houses for sale compared to the rest of Peterborough housing market but also because most of the manufacturing hubs are located near here making it an easy commute for those employed in this industry. This neighbourhood is becoming a great place for young families to move into.

Young families with children usually find their home in Peterborough in the Hospital Area neighbourhood, where most prestigious schools are located, including the well-known St. Teresa Catholic Elementary School and Westmount Public School. This area also offers French immersion education for grades senior kindergarten to eighth grade. Besides the high-end schools, there are many little parks with various recreational facilities where families can enjoy their time together, making it one of the most sought-after neighbourhoods in Peterborough.

Neighbourhood
(Top 5)
Sold under 10d Sold above asking Average sale price Active listings
1Monaghan 40% 47% $542K 20
2Ashburnham 36% 43% $472K 4
3Downtown 35% 24% $496K 10
4Otonabee 28% 34% $534K 4
5Northcrest 22% 43% $552K 2

Nearby Cities

Many buyers opt to purchase in a nearby city and commute to work. For Peterborough residents, the commute could take them north to the Kawartha Lakes area or south to Oshawa. Even cities that require a bit longer of a commute, such as Bobcaygeon or Port Perry are good options as they offer more affordable detached homes with easy access to Peterborough.

City
(Top 5)
Active listings
1Smith-ennismore-lakefield 18
2Peterborough 99
3Otonabee-south Monaghan 14
4Douro-dummer 14

Demographics

Before buying a house in Peterborough, it would be useful to take a glimpse into the city’s demographics to get a better idea of what to expect and how to the city is compared to the rest of the Canadian real estate markets. All the data is collected and compiled by Census Canada.

35%
Rent
65%
Own
$850
Monthly Rent (Median)
$939
Monthly Mortgage (Median)
20,805
Total Families
$52,883
Family Income (Median)
43
Age (Median)
52%
College Educated

Schools

Elementary Schools

8.0 Monsignor O'Donoghue
7.4 Edmison Heights
6.8 St Anne
6.5 James Strath
6.2 St Catherine

Secondary Schools

7.4 St Peter's
6.3 Holy Cross
6.3 Crestwood
6.2 Thomas A Stewart
5.9 Adam Scott

Commuters

83%
Drive
5%
Transit
2%
Bike
9%
Walk

Local Scoop

If you’re a fan of history, arts, and culture, Peterborough has a handful of attractions to offer to you.

One of the most notable locations is the Peterborough Museum & Archives where you can explore a variety of artifacts from the area, including papers from Peter Robinson, items from the Catharine Parr Trail, or a collection of photo negatives of Roy Studio Images.

There are multiple theaters that offer residents and tourists a fresh glimpse into live performances on a regular basis. New Stages and Peterborough Theatre Guild are some of the better-known theatres that regularly showcase Canadian and American plays.

Peterborough is also home to a developed improvisational comedy scene, with the monthly Impros vs. Joes show happening regularly and the Linda Kash theatre school that focuses on teaching improv and comedy to young people.

You want to go out and grab some fresh air? Then you can head down to Del Crary park near downtown Peterborough, one of the biggest urban greenspaces on Little Lake. There are many outdoor events and concerts being organized here regularly, so chances are you’re going to find something interesting going on here. And if you’re not a fan of big events and crowds, the Art Gallery of Peterborough is located beside Del Crary Park on the shore of Little Lake, so you can head over there and gaze at more than 1,300 art pieces from all around the world.

Jackson Park located in the north end of Monaghan Road is home to some of the oldest trees in the area, some dating back 250 years. Among other outdoor activities are the Riverview Park & Zoo where you can explore animals, go down for the miniature train ride, or even play disc golf.

Another interesting attraction tourists and locals visit regularly is the world’s highest hydraulic lift, the Peterborough Lift Lock which is 65 feet high.

And if you’re up for a night out, go downtown. Downtown Peterborough offers great options for a dinner out with either casual, fine-dining or local cuisine options.  

FAQs About Peterborough Real Estate

According to current Peterborough MLS© statistics, the average home listing price in Peterborough, ON is $867,000. Based on Peterborough housing inventory, the average home is listed on the market for 47 days and has a 98.7% selling to listing price ratio.

Based on current Peterborough MLS© data, the average detached house in Peterborough, ON has a listing price of $669,000. In Peterborough, detached houses are on the market for 52 days on average.

According to current Peterborough MLS© data, the average condo in Peterborough, ON has a listing price of $453,000. In Peterborough, the average price for a 2-bedroom condo is $404,000 and the average price for a 1-bedroom condo is $0.

In Peterborough, ON, the most expensive neighbourhoods to buy a home include Northcrest, Monaghan, Otonabee and Ashburnham. Northcrest is the most expensive neighbourhood in Peterborough with an average home price of $496,000.

The cheapest neighbourhoods to buy a home in Peterborough include Downtown, Ashburnham, Otonabee and Monaghan. Downtown is the most affordable neighbourhood in Peterborough with an average home price of $866,000.

The closest cities to Peterborough, ON include Smith-ennismore-lakefield, Selwyn, Lakefield and Cavan Monaghan. Out of the nearby Peterborough cities, Lakefield has the highest average home price of $1,610,000 and Smith-ennismore-lakefield has the most affordable average home price of $885,000.

The average townhouse in Peterborough has an average listing price of $672,000, which represents a -2.4% change in price from last year. There are currently 15 townhouses for sale in Peterborough, ON.

According to Statistics Canada Census data, the median total household income in Peterborough is $52,883 per year, which is below the national median income of $67,000 per year.

In Peterborough, ON, fewer people rent their homes than own at 35% rent versus 65% own. The median monthly rent price is $1,200 per month versus the median monthly mortgage of $4,100 per month.

peterborough
The listing data above is provided under copyright by the Canadian Real Estate Association. The listing data is deemed reliable but is not guaranteed accurate by the Canadian Real Estate Association nor Zolo.