If you've been wondering what’s happening in the Halifax real estate market — let me break it down for you, just like I would if we were having coffee and chatting houses. April gave us some solid insights into where things are heading. Is the market slowing down? Not exactly. But it's not the frantic pandemic pace either. Let’s look at what the numbers are telling us.
Quick Stats at a Glance
Total Single-Family Home Sales: 402
Average Selling Price: $649,774.82
Median Selling Price: $600,500
Average Days on Market: 32
Average Price per Sq Ft: $306.10
Right away, the gap between the average and median price tells us something — high-end homes are nudging the average up. Translation? Luxury properties are making a splash, but most homes are still priced more modestly.
Price Points: Where the Action’s Happening
Here's how things shake out across price brackets:
53.7% of homes sold between $500K–$750K — the sweet spot right now.
18.2% sold between $750K–$1M — strong movement in the upper-midrange.
Only 6.2% of homes sold under $400K — affordable options are dwindling fast.
5.5% sold over $1M — the luxury market may be niche, but it’s alive and well.
This tells us affordability is an issue for many buyers, but strong mid-range demand keeps the wheels turning. If your home lands in that $500K–$750K bracket, you’re in the market’s hot zone.
Market Heat Check: Still Competitive
43.5% of homes sold above asking price
Average Sale-to-List Price: 100.5%
Yes, even with our current interest rates, buyers are still bidding — just not in a frenzy like 2022. A sale-to-list ratio over 100% shows we’re still in a competitive market, just one with a bit more breathing room.
Where Are the Sales Happening?
Halifax is still the heavyweight, but other communities are holding their own:
Halifax: 65 sales (16.2%)
Dartmouth: 58 sales (14.4%)
Middle Sackville & Bedford: 25 sales each
Top 10 communities: Accounted for 65.4% of all sales
No surprise — urban cores are leading the charge, but it’s worth noting that the spread of sales shows buyers are willing to go where the value is.
Days on Market: Still Moving, Just Slower
With homes sitting for an average of 32 days, we’re not in panic mode, but we’re also not in the lightning-speed zone of the pandemic market. It’s a healthy pace, giving buyers time to think (and maybe even sleep on it) before pulling the trigger.
So What Does This All Mean?
Here’s the TL;DR if you're skimming:
The market is balanced but firm — prices are holding, competition is steady, and mid-range homes are the stars.
Buyers are choosy — they want value, location, and fewer repairs.
Sellers need to be strategic — pricing right is everything. You’ll be ignored if you're shooting for the stars without backup.
If you’re thinking of selling, this market still has legs. Just don’t expect the same wild bidding wars we saw in 2021. And if you're buying? Bring your “A game,” especially in that $500K–$750K range.
