Photo: Edgar El · CC BY 3.0Homes in Mahone Bay sell for 76% more than the median of Nova Scotia’s towns
The middle home was worth $400,000 at the 2021 census, the average $436,000. What owners reported in May 2021 is an opinion of value; interest rates and prices have both moved since. On the 2024 assessment, the middle residential property is valued at $359,000.
Mahone Bay’s homes, by three sources
Each source sits beside its own median for Nova Scotia’s towns; none compares across provinces, which value homes in their own ways.
median, owners’ estimate
- Average
- $436K
- Owners
- 350
- Nova Scotia’s towns
- $250K
- The typical Canadian town
- $406K
median sale price
- Average sale
- $360K
- ÷ buyers’ income
- 3.7×
- Buyers
- 30
- Nova Scotia’s towns
- $205K
all residential
- Nova Scotia’s towns
- $157K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
Mahone Bay’s detached houses are assessed at 2 times the median of Nova Scotia’s towns
Detached houses account for 71% of the 525 properties on Mahone Bay’s 2024 roll; condos for 10%.
Median assessment by type, 2024 the tick is the median of Nova Scotia’s towns
Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of Nova Scotia’s towns with their own figure; assessments compare within a province only.
Core housing need: 16% of Mahone Bay’s households, where Nova Scotia’s towns sit at 8%
Mahone Bay had 520 occupied homes at the 2021 census, 61% of them single-detached houses. Most of them predate 1961.
Homes by period of construction the tick is the median of Nova Scotia’s towns
Homes by kind
| Mahone Bay | Nova Scotia | Canada | |
|---|---|---|---|
| Condominiums | 12% | 1% | 8% |
| Needing major repairs | 6% | 9% | 6% |
| Too small for the household | 2% | 2% | 3% |
| Households in core housing need | 16% | 8% | 7% |
Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.
Mahone Bay is dearer than most of Nova Scotia’s towns: 60% above their $250,000 median
The census values of Nova Scotia’s towns, 90 of them with 2,500+ people, from dearest to cheapest.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Cheaper next to Mahone Bay: Lunenburg, Lunenburg and Bridgewater
The places around Mahone Bay at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Mahone Bay | $400K | $436K | 68% | |
| Lunenburg | $348K | $382K | 63% | 9.7 |
| Lunenburg | $250K | $293K | 90% | 10.9 |
| Bridgewater | $200K | $218K | 58% | 13.2 |
| Chester | $250K | $321K | 84% | 18.5 |
Census 2021 values; km.
Questions about property prices in Mahone Bay
What is the average house price in Mahone Bay?
An average of $360,000 in 2023, with the median sale at 3.7 times the buyer’s income.
Is Mahone Bay expensive for Nova Scotia?
Dearer than the middle: Nova Scotia’s towns come to $250,000, Mahone Bay to more.
Can I see individual sales or prices by street?
Only in total: Statistics Canada releases each town’s median and average sale and its number of buyers, never a single sale.
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program. Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).