Elliot Lake, Ontario, Canada
As of August 12, 2026, the median asking price in Elliot Lake is $229,000, across 69 active MLS® listings.
Those listings have been on the market an average of 77 days.
18 new listings came to market in Elliot Lake in the last 30 days.
Asking prices work out to about $201 per square foot, based on the 46 listings that report floor area.
Detached homes in Elliot Lake are listed at an average of $240,787 across 53 active listings.
Elliot Lake is a small Northern Ontario community built around former uranium mining, and today it has a strong retiree and fixed-income base alongside health care, municipal, and service-sector employment. The area is known for its affordability, quiet streets, forest-and-lake setting, and a housing stock dominated by mid-century detached homes, bungalows, and a meaningful share of low- and mid-rise rental buildings/condos. Demand tends to be driven by local households, downsizers, and value-seeking buyers rather than rapid population growth, so sales volumes can be thinner and pricing can be more sensitive to interest-rate changes than in larger Ontario markets.
Amenities cluster around the town core with everyday retail, medical services (including St. Joseph’s General Hospital), recreation facilities, and access to extensive trails and waterfront areas around Horne Lake and the surrounding wilderness. Schools are served locally through Huron-Superior Catholic DSB and Rainbow DSB options, and transit is primarily car-dependent with limited local transit services; regional connections rely on highways and intercity bus options. Real estate trends are typically characterized by modest long-run appreciation, periodic spikes during province-wide upswings, and relatively higher gross yields versus Southern Ontario due to low entry prices, with investor performance hinging on careful tenant screening, property condition (older stock), and liquidity considerations when exiting.
Elliot Lake currently has 75 active listings with a median asking price of $239,000 and an average of $212/sqft, offering buyers a solid range of options at accessible price points. Homes are taking about 62 days on market, suggesting a measured pace where negotiation room may exist, while 29 new listings in the past 30 days point to fresh supply and continued opportunity for buyers and investors tracking value.
The median asking price in Elliot Lake is $229,000, across 69 active MLS® listings as of August 12, 2026. The average asking price is $332,138. These are list prices on homes currently for sale, not sale prices.
There are 69 active MLS® listings in Elliot Lake as of August 12, 2026. 18 of them came to market in the last 30 days.
Homes currently listed in Elliot Lake have been on the market an average of 77 days as of August 12, 2026. This measures how long active listings have been available so far, not how long they take to sell.
Of the 69 homes currently listed in Elliot Lake, 77% detached houses, 4% vacant land, 3% condos, 3% townhouses.