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There are currently 262 sold bungalow listings in Central Elgin, Ontario with an average price of $654,487 CAD.

Listings:
262
Avg. Price:
$654,487
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Central Elgin Bungalow Market Trends & Statistics

Verified MLS® bungalow pricing, sales velocity, and historical inventory data.

Seller's Market(200% SNR)
Median Sold (6M)
$631,250
+6% YoY
Avg. Days on Market
58 Days
6-month closed average
Sold (6M) / Active
86 / 43
Closed vs active inventory
6M / 2Y Price Change
-15% (6M)
2Y trend: -35.7%
Nov 26: Median $559,000 • 11 sold • 61 DOMHover or tap points to inspect monthly data
$540k$580k$620k$660k$700kDec 25Feb 26Apr 26Jun 26Aug 26Oct 26Nov 26

Central Elgin Historical Bungalow Market Breakdown

TimeframeMedian Sold PriceBungalows SoldAvg. Days on MarketActive Inventory
6 Months$631,2508658 days43
1 Year$635,00014463 days43
3 Years$635,00026254 days43
5 Years$635,00026254 days43

Sold Bungalow Benchmarks & Market Trends in Central Elgin

Reviewing recently sold bungalows in Central Elgin provides direct, unvarnished insight into actual closing values and transaction liquidity. With 262 verified bungalow sales recorded on the MLS®, buyers and sellers can track real sale prices, sale-to-list price ratios, and average days on market (DOM).

Historical sales data in Central Elgin demonstrates resilient long-term capital preservation across traditional single-storey detached bungalows, raised bungalows, and executive bungalofts.

Average Prices by Bedroom in Central Elgin

BedroomsAvg. PriceActive Listings
1 Bed$649,0003
2 Beds$551,25263
3 Beds$635,283100
4 Beds$691,16963
5+ Beds$834,76934

Central Elgin Bungalow Pricing: Entry, Benchmark & Luxury Tiers

Recent MLS® sales in Central Elgin establish clear pricing benchmarks. Entry-level single-storey properties have traded from $321K, while renovated luxury bungalows and custom estates on expansive ravine lots have closed for up to $1.5M. The benchmark average sold price for a bungalow in Central Elgin sits at $655K.

Because land value represents the overwhelming majority of a bungalow's total equity in Central Elgin, single-storey homes consistently demonstrate resilient price appreciation and strong downside protection across all real estate cycles.

Secondary Suites, ADUs & Investment Potential in Central Elgin

Under Ontario's More Homes Built Faster Act (Bill 23) and local municipal zoning guidelines in Central Elgin, detached bungalows offer superior multi-unit development potential. With full-footprint basements and dedicated side or rear entrances, many bungalows in Central Elgin can readily accommodate legal secondary dwelling units, multi-generational in-law suites, or detached additional residential units (garden suites).

This dual-income capability provides substantial rental cash flow to offset mortgage costs, making bungalows in Central Elgin exceptionally attractive to savvy real estate investors and extended families looking for private, independent living arrangements under one roof.

Top Neighborhoods in Central Elgin

Exploring sub-areas within Central Elgin can help buyers compare average prices and active inventory across communities.

NeighborhoodAvg. PriceListings
Rural Central Elgin$675,742105
Port Stanley$645,721102
Belmont$632,92537
Lynhurst$525,3678
Union$810,0005
Sparta$595,0005

Accessibility, Aging-in-Place & Downsizer Demand in Central Elgin

With stair-free primary living, main-floor laundry, and seamless indoor-outdoor transitions, bungalows in Central Elgin deliver unparalleled convenience for downsizers and retirees prioritizing accessible, single-level living. Combined with established neighbourhood amenities, proximity to GO transit corridors, top-rated school catchments, and lakefront or ravine conservation areas, purchasing a bungalow in Central Elgin represents a secure lifestyle and real estate investment.

Frequently Asked Questions

Everything you need to know about bungalows in Central Elgin.

The average sold price for a bungalow in Central Elgin is currently $655K, based on real-time MLS® market inventory. Individual values vary depending on lot frontage and depth, interior renovations, and whether the lower level is finished with a legal separate-entrance suite.