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There are currently 116 sold bungalow listings in Elora/Salem, Centre Wellington, Ontario with an average price of $946,369 CAD.

Listings:
116
Avg. Price:
$946,369
Map View
27 Stumpf Street 27B, Centre Wellington, ON N0B 1S0 - Property 1
SOLD
Sold: $400,000$399,900
27 Stumpf Street 27b, Centre Wellington
2 bed • 2 bath • 1 parking
7 Halls Drive, Centre Wellington, ON N0B 1S0 - Property 1
SOLD
Sold: $899,900$899,900
7 Halls Drive, Centre Wellington
3 bed • 3 bath • 3,800 sqft
103 McGowan Street, Centre Wellington, ON N0B 1S0 - Property 1
SOLD
Sold: $1,020,000$1,049,900
103 Mcgowan Street, Centre Wellington
4 bed • 3 bath • 6 parking
57 Water Street E, Centre Wellington, ON N0B 1S0 - Property 1
SOLD
Sold: $790,000$799,900
57 Water Street E, Centre Wellington
3 bed • 3 bath • 4 parking
152 WELLINGTON ROAD 7, Centre Wellington, ON N0B 1S0 - Property 1
SOLD
Sold: $890,000$899,900
152 Wellington Road 7, Centre Wellington
4 bed • 3 bath • 8 parking
25 Riverview Drive, Centre Wellington, ON N0B 1S0 - Property 1
SOLD
Sold: $1,374,000$1,389,000
25 Riverview Drive, Centre Wellington
4 bed • 4 bath • 6 parking
441 Wellington 7 Road, Centre Wellington, ON N0B 1S0 - Property 1
SOLD
Sold: $1,525,000$1,599,000
441 Wellington 7 Road, Centre Wellington
3 bed • 3 bath • 2 sqft
15 McGowan Street, Centre Wellington, ON N0B 1S0 - Property 1
SOLD
Sold: $1,150,000$1,159,900
15 Mcgowan Street, Centre Wellington
4 bed • 3 bath • 6 parking
56 Wellington Drive, Centre Wellington, ON N0B 1S0 - Property 1
SOLD
Sold: $755,000$799,900
56 Wellington Drive, Centre Wellington
4 bed • 3 bath • 4 parking
107 Mcgowan Street, Centre Wellington, ON N0B 1S0 - Property 1
SOLD
Sold: $865,000$849,900
107 Mcgowan Street, Centre Wellington
5 bed • 3 bath • 6 parking
384 South River Road, Centre Wellington, ON N0B 1S0 - Property 1
SOLD
Sold: $1,800,000$1,950,000
384 South River Road, Centre Wellington
3 bed • 4 bath • 1 sqft
63 Spencer Drive, Centre Wellington, ON N0B 1S0 - Property 1
SOLD
Sold: $810,000$829,900
63 Spencer Drive, Centre Wellington
4 bed • 3 bath • 4 parking
...

Elora/Salem, Centre Wellington Bungalow Market Trends & Statistics

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

Seller's Market(321.4% SNR)
Median Sold (6M)
$850,000
+1.3% YoY
Avg. Days on Market
42 Days
6-month closed average
Sold (6M) / Active
45 / 14
Closed vs active inventory
6M / 2Y Price Change
-23.8% (6M)
2Y trend: +18%
Nov 26: Median $785,000 • 5 sold • 30 DOMHover or tap points to inspect monthly data
$590k$715k$840k$965k$1.09MDec 25Feb 26Apr 26Jun 26Aug 26Oct 26Nov 26

Elora/Salem, Centre Wellington Historical Bungalow Market Breakdown

TimeframeMedian Sold PriceBungalows SoldAvg. Days on MarketActive Inventory
6 Months$850,0004542 days14
1 Year$815,0005745 days14
3 Years$862,00011536 days14
5 Years$862,00011536 days14

Sold Bungalow Benchmarks & Market Trends in Elora/Salem, Centre Wellington

Reviewing recently sold bungalows in Elora/Salem, Centre Wellington provides direct, unvarnished insight into actual closing values and transaction liquidity. With 116 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 Elora/Salem, Centre Wellington demonstrates resilient long-term capital preservation across traditional single-storey detached bungalows, raised bungalows, and executive bungalofts.

Average Prices by Bedroom in Elora/Salem, Centre Wellington

BedroomsAvg. PriceActive Listings
2 Beds$732,50014
3 Beds$896,57848
4 Beds$1,042,07638
5+ Beds$1,055,57116

Elora/Salem, Centre Wellington Bungalow Pricing: Entry, Benchmark & Luxury Tiers

Recent MLS® sales in Elora/Salem, Centre Wellington establish clear pricing benchmarks. Entry-level single-storey properties have traded from $400K, while renovated luxury bungalows and custom estates on expansive ravine lots have closed for up to $2.4M. The benchmark average sold price for a bungalow in Elora/Salem, Centre Wellington sits at $947K.

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

Secondary Suites, ADUs & Investment Potential in Elora/Salem, Centre Wellington

Under Ontario's More Homes Built Faster Act (Bill 23) and local municipal zoning guidelines in Elora/Salem, detached bungalows offer superior multi-unit development potential. With full-footprint basements and dedicated side or rear entrances, many bungalows in Elora/Salem, Centre Wellington 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 Elora/Salem, Centre Wellington exceptionally attractive to savvy real estate investors and extended families looking for private, independent living arrangements under one roof.

Accessibility, Aging-in-Place & Downsizer Demand in Elora/Salem, Centre Wellington

With stair-free primary living, main-floor laundry, and seamless indoor-outdoor transitions, bungalows in Elora/Salem, Centre Wellington 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 Elora/Salem, Centre Wellington represents a secure lifestyle and real estate investment.

Frequently Asked Questions

Everything you need to know about bungalows in Elora/Salem, Centre Wellington.

The average sold price for a bungalow in Elora/Salem is currently $947K, 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.