2025 Muskoka Real Estate Market
Hello, I’m Stephanie Pinet from Realty Hub Brokerage. As we explore the 2025 Muskoka real estate landscape, it’s evident that our market is experiencing notable shifts, particularly between different property segments.
Waterfront Real Estate in Muskoka
Cottage Market Trends
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Our cherished Muskoka waterfront cottage market has traditionally been segmented into various price ranges. Recent dynamics have accentuated these distinctions. Waterfront properties priced under $800,000 have seen a significant increase in sales, with a 64.6% rise in the fourth quarter of 2024 compared to the same period in 2023. Similarly, properties in the $800,000-$900,000 range experienced a 56.3% increase in sales during the same timeframe.
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It’s important to note that some luxury properties in Muskoka are sold exclusively and may not appear on public listings. However, the majority of high-end transactions continue to occur on Lake Joseph, Lake Rosseau, and Lake Muskoka, with Lake of Bays also maintaining a strong presence in the upper-tier market.
Evolving Market Dynamicscrea.ca+6creastats.crea.ca+6creastats.crea.ca+6
The average days on market—a crucial indicator—have steadily increased in Muskoka. The median number of days on market for sold waterfront properties was 65 in the fourth quarter of 2024, up from 47.5 days in the same period in 2023. Additionally, Muskoka now has approximately 11.8 months’ worth of waterfront property inventory, a level not seen since mid-2016. creastats.crea.ca+1creastats.crea.ca+1
We’ve also seen a notable number of price reductions in cottage listings, offering insights into the market’s direction. The median sale price for waterfront properties in Muskoka & Area was down 5.7% on a year-over-year basis to $862,500 in the fourth quarter of 2024. creastats.crea.ca+1creastats.crea.ca+1
Interestingly, cottages priced over $1.1 million account for a significant portion of total waterfront spending on the MLS® this year, up by 65.2% from 2020. This trend can create a perception of stable prices in Muskoka; however, the strength of the high-end market is largely propping up overall statistics.creastats.crea.ca
As we navigate these evolving market conditions, it’s essential for both buyers and sellers to stay informed and work closely with knowledgeable real estate professionals to make well-informed decisions.