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There are currently 177 sold bungalow listings in Penetanguishene, Ontario with an average price of $640,537 CAD.

Listings:
177
Avg. Price:
$640,537
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Penetanguishene Bungalow Market Trends & Statistics

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

Seller's Market(154.5% SNR)
Median Sold (6M)
$615,000
-6.3% YoY
Avg. Days on Market
40 Days
6-month closed average
Sold (6M) / Active
51 / 33
Closed vs active inventory
6M / 2Y Price Change
-3.9% (6M)
2Y trend: -14.6%
Nov 26: Median $615,000 • 5 sold • 48 DOMHover or tap points to inspect monthly data
$360k$465k$570k$675k$780kDec 25Feb 26Apr 26Jun 26Aug 26Oct 26Nov 26

Penetanguishene Historical Bungalow Market Breakdown

TimeframeMedian Sold PriceBungalows SoldAvg. Days on MarketActive Inventory
6 Months$615,0005140 days33
1 Year$617,5007642 days33
3 Years$630,00017743 days33
5 Years$630,00017743 days33

Sold Bungalow Benchmarks & Market Trends in Penetanguishene

Reviewing recently sold bungalows in Penetanguishene provides direct, unvarnished insight into actual closing values and transaction liquidity. With 177 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 Penetanguishene demonstrates resilient long-term capital preservation across traditional single-storey detached bungalows, raised bungalows, and executive bungalofts.

Average Prices by Bedroom in Penetanguishene

BedroomsAvg. PriceActive Listings
1 Bed$340,7504
2 Beds$529,52241
3 Beds$679,85080
4 Beds$681,70835
5+ Beds$713,33316

Penetanguishene Bungalow Pricing: Entry, Benchmark & Luxury Tiers

Recent MLS® sales in Penetanguishene establish clear pricing benchmarks. Entry-level single-storey properties have traded from $250K, while renovated luxury bungalows and custom estates on expansive ravine lots have closed for up to $2.0M. The benchmark average sold price for a bungalow in Penetanguishene sits at $641K.

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

Secondary Suites, ADUs & Investment Potential in Penetanguishene

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

Top Neighborhoods in Penetanguishene

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

NeighborhoodAvg. PriceListings
Penetanguishene$641,494175

Accessibility, Aging-in-Place & Downsizer Demand in Penetanguishene

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

Frequently Asked Questions

Everything you need to know about bungalows in Penetanguishene.

The average sold price for a bungalow in Penetanguishene is currently $641K, 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.