May 2022 Housing Market Update for Sarnia-Lambton
475 active listings
May 2021: 221 sales, and $101.9 million in volume.
May 2022: 183 sales, and $101.8 million in volume.
38 fewer sales, but only $180 thousand dollars less in volume.
Average Number of Days to Sell:
May 2021: 14
May 2022: 16
Average sale price:
May 2021: $461,000
May 2022: $556,000
That's a 20% price increase on the average home
Months of Inventory
May 2021: 2 months of inventory
May 2022: 3 months of inventory
Number of Sales by Price Range:
9 sales: 0-200K
38 sales: 200-400K
67 sales: 400-600K
67 sales: 600K+
Flashback 5 Years Ago to May 2017
98 sales: 0-200K
95 sales: 200-400K
26 sales: 400-600K
8 sales: 600K+
Individual Areas of Sarnia
Sarnia North End:
Sales: 35
Sales Volume: $22.5 million
Average Sale Price: $643,000
Active Listings: 41
Sarnia South End:
Sales: 45
Sales Volume: $22.7 million
Average Sale Price: $504,000
Active Listings: 46
Bright’s Grove:
Sales: 10
Sales Volume: $6.75 million
Average Sale Price: $675,000
Active Listings: 7
Forest:
Sales: 4
Sales Volume: $1.5 million
Average Sale Price: $375,000
Active Listings: 3
Plympton-Wyoming:
Sales: 10
Sales Volume: $10.6 million
Average Sale Price: $1.06 million
Active Listings: 19
Petrolia:
Sales: 17
Sales Volume: $8.6 million
Average Sale Price: $506,000
Active Listings: 10
Corunna:
Sales: 10
Sales Volume: Just under $6.9 million
Average Sale Price: $690,000
Active Listings: 6
St. Clair Township (excluding Corunna):
Sales: 14
Sales Volume: $8.7 million
Average Sale Price: $621,000
Active Listings: 8
