$7,999,000
Community
Elora/Salem Real Estate
Centre Wellington, Wellington
73Active
280Sold
57Leased
7Buildings
Elora/Salem Market
Updated Aug 26, 2026
Condos
Median sale price
$808K
Median PSF (est.)▼ 22.2%
$530/sqft
Price trend
Sold last 90 days
10
Active listings
9
Months of inventory
3.0
Avg days on market
32
Sale-to-list ratio
96.85%
Absorption rate
33.3%
Market Insights
Investor mix — estimated proxy (90d)
Investor-proxy share: 28.57% · End-user: 71.43% (from 10 sales, 4 leases)
Price reductions (90d)
Price-reduction rate: 0.00%
Monthly reduction trend
2024-09: 0.0% (4 listings)
2025-06: 0.0% (3 listings)
2025-08: 0.0% (7 listings)
2026-01: 33.3% (3 listings) · avg $25,000
2026-06: 0.0% (5 listings)
2026-07: 0.0% (3 listings)
Re-entries (past 12 months)
Re-entries: 2 of 40 sold · rate 5.00%
Avg price change: +$0 (+0.00%)
Median PSF (est.) vs parent area
Median PSF: $530 — +7.87% vs municipality avg ($491)[premium]
Supply vs demand by unit type (90d)
Sample: 9 active listings · 10 sold (90d)
studio: 0 active / 0 sold · mismatch +0.00%
1br: 1 active / 0 sold · mismatch +11.11%
2br: 7 active / 10 sold · mismatch -22.22%
3br: 1 active / 0 sold · mismatch +11.11%
Concession pattern by unit type (90d)
1br (12 sales) — 91.67% closed with concessions, avg 3.05% below ask
2br (23 sales) — 86.96% closed with concessions, avg 3.86% below ask
3br (5 sales) — 60.00% closed with concessions, avg 5.25% below ask
Seasonality (annual pattern)
Historically strongest months: Jun, Nov, May
Historically weakest months: Sep, Mar, Apr
Annual averages: DOM 62.3d · sale-to-list 96.85% (n=40)
Monthly detail
Jan · 3 sales · DOM 56.3d · STL 96.61%
Feb · 2 sales · DOM 83.0d · STL 98.73%
Mar · 1 sales · DOM 114.0d · STL 95.61%
Apr · 1 sales · DOM 288.0d · STL 98.67%
May · 3 sales · DOM 33.0d · STL 96.32%
Jun · 8 sales · DOM 29.0d · STL 97.40%
Jul · 4 sales · DOM 76.5d · STL 94.82%
Aug · 9 sales · DOM 49.6d · STL 98.17%
Sep · 6 sales · DOM 90.5d · STL 95.39%
Nov · 2 sales · DOM 32.0d · STL 96.35%
Dec · 1 sales · DOM 64.0d · STL 96.46%
Homes
Median sale price
$871K
Median PSF (est.)▼ 3.6%
$546/sqft
Price trend
Sold last 90 days
39
Active listings
33
Months of inventory
2.2
Avg days on market
57
Sale-to-list ratio
97.46%
Absorption rate
45.5%
Market Insights
Investor mix — estimated proxy (90d)
Investor-proxy share: 4.88% · End-user: 95.12% (from 39 sales, 2 leases)
Price reductions (90d)
Price-reduction rate: 30.77%
Avg reduction: $60,200 (6.19%)
Monthly reduction trend
2024-08: 0.0% (5 listings)
2024-09: 23.1% (13 listings) · avg $21,600
2024-10: 14.3% (7 listings) · avg $25,000
2024-11: 11.1% (9 listings) · avg $30,000
2025-01: 27.3% (11 listings) · avg $84,700
2025-02: 0.0% (5 listings)
2025-04: 0.0% (5 listings)
2025-05: 25.0% (8 listings) · avg $95,003
2025-06: 0.0% (5 listings)
2025-07: 20.0% (10 listings) · avg $105,000
2025-08: 20.0% (10 listings) · avg $58,400
2025-09: 0.0% (4 listings)
2025-10: 11.1% (9 listings) · avg $100,000
2025-11: 0.0% (3 listings)
2026-01: 33.3% (3 listings) · avg $20,000
2026-03: 66.7% (3 listings) · avg $57,500
2026-04: 66.7% (3 listings) · avg $32,000
2026-05: 0.0% (5 listings)
2026-06: 30.8% (13 listings) · avg $94,100
2026-07: 30.8% (13 listings) · avg $29,000
2026-08: 33.3% (12 listings) · avg $57,500
Re-entries (past 12 months)
Re-entries: 8 of 161 sold · rate 4.97%
Avg price change: +$0 (+0.00%)
Median PSF (est.) vs parent area
Median PSF: $546 — +0.19% vs municipality avg ($545)[at_par]
Seasonality (annual pattern)
Historically strongest months: Dec, Feb, Nov
Historically weakest months: May, Jun, Mar
Annual averages: DOM 43.5d · sale-to-list 97.46% (n=161)
Monthly detail
Jan · 14 sales · DOM 52.1d · STL 96.69%
Feb · 7 sales · DOM 22.9d · STL 96.77%
Mar · 4 sales · DOM 93.3d · STL 95.97%
Apr · 8 sales · DOM 29.5d · STL 98.05%
May · 13 sales · DOM 64.5d · STL 96.52%
Jun · 18 sales · DOM 64.7d · STL 98.56%
Jul · 23 sales · DOM 46.1d · STL 97.85%
Aug · 27 sales · DOM 43.3d · STL 97.20%
Sep · 17 sales · DOM 27.8d · STL 97.84%
Oct · 16 sales · DOM 28.0d · STL 97.65%
Nov · 12 sales · DOM 26.0d · STL 97.19%
Dec · 2 sales · DOM 18.0d · STL 97.76%
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About Elora/Salem Real Estate
Explore 73 active listings in Elora/Salem, located in Centre Wellington. Browse 7 condo buildings, compare 70 properties for sale and 3 for lease, and find your next home with detailed market data and price estimates.
Elora/Salem has seen 337 completed transactions recently, with 280 sold and 57 leased properties providing rich comparable data for accurate valuations.
Buildings in Elora/Salem
- 27 Stumpf27 Stumpf Street, Centre Wellington
- 71 VICTORIA71 VICTORIA Street, Centre Wellington
- Allan Suites6492 GERRIE Road, Centre Wellington
- Elora Heights19 Stumpf Street, Centre Wellington
- Elora Heights23 Stumpf Street, Centre Wellington
- Elora Mill Residences6523 WELLINGTON Road, Centre Wellington
- Station Square20 Station Square, Centre Wellington























