Tidewater

New Russell

One of 379 areas · 335 parcels · Updated weekly

Among the faster-rising areas in Nova Scotia.

New Russell's price per square foot rose 37% over two years — versus +13% across Nova Scotia, on 17 recent and 22 prior sales. This is an area-wide read, not a per-home estimate or a forecast.

A community within Chester, on Nova Scotia's official governance map.

Some recent salesAs of August 2026 · 2021 census
$339,000typical house · 24mo47th pctile · NS
+37%price trend · 2yr90th pctile · NS
335homes
609residents

Sells in a median 54 days — faster than 16% of Nova Scotia areas · 15 sold

Sells for a median 91% of original asking — 40% at or above ask · 15 sold

0% cut their price before selling · 15 sold

Market conditions among homes that sold over the last 24 months.

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PVSC + MLS · Area aggregate

Median sale$339,00024 mo
Registry sales1724 mo
24-mo change+37%
Median days on market54 days15 sold
Median assessment$229,2502026
OverviewPVSC + 2021 Census

Single-family homes here typically sold around $339,000 over the last 24 months — +37% on a mix-controlled price-per-square-foot basis over two years (Nova Scotia as a whole: +13%). Assessed values moved +43% over three years.

As of the 2021 Census, about 609 people live here, with a median household income near $61,324. 84% of homes are owner-occupied and 88% are single-detached.

Roughly 27 homes were added in the last five years — about 9.4% of the stock.

Price-per-square-foot trajectoryPVSC · Sales
Median sale price per square foot in New Russell went from $264 in 2022 to $370 in 2026.20222023202420252026$370/ft²$264
Median sale price per square foot in New Russell went from $264 in 2022 to $370 in 2026.

Most recent sales landed between $152,800 and $554,600 (10th–90th percentile).

How New Russell compares to Nova ScotiaPVSC + Census · vs NS
Typical house · 24mo$339,00047th percentile
Price trend · 2yr+37%90th percentile
Assessed values · 3yr+43%vs NS +52%
Median year built1990vs NS 1979
Median household income$61,324vs NS $67,500
Owner-occupied84%vs NS 67%
Single-detached88%vs NS 64%
Median age52.9vs NS 47

The blue dot marks New Russell; where a province-wide percentile exists it is shown, otherwise the Nova Scotia figure is given for reference.

Built form & new constructionPVSC · as of 2026-08-30

About 27 new homes were built in New Russell over the last five years — roughly 9.4% of its homes. Counts detached, semi, townhouse and small multi-unit homes only — apartment and commercial development are tracked separately, so this is not a count of all new housing units.

Assessed value per ft², by era built

Pre-1960$171/ft² · 11 homes
1960–79$216/ft² · 66 homes
1980–99$239/ft² · 111 homes
2000–17$336/ft² · 62 homes
2018+$351/ft² · 37 homes

Recent sale price per ft², by home type

Detached$322/ft² · 327 homes

Where recent sales landed

41%33%23%
Under $300k · 41%$300–500k · 33.3%$500–750k · 23.1%$750k+ · 2.6%
Recorded salesRegistry · 21 years · ungated
2026-07-30439 Wallaback, Mill Road$754,999
2026-07-0351 Camp Lake, Mill Road$180,000
2026-06-10767 Mill, Mill Road$189,900
2025-12-0188 Lake Lewis, New Russell$468,500
2025-09-25427 Wallaback, Mill Road$80,000
2025-08-22377 Wallaback, Mill Road$490,000
2025-08-22369 Wallaback, Mill Road$200,000
2025-07-03296 Lakeshore, New Russell$310,000
2025-06-12329 Wallaback, Mill Road$180,000
2025-02-20194 Horseshoe, New Russell$561,500
2025-02-131364 New Russell, New Russell$449,900
2024-11-13463 Parklands, New Russell$418,000

Source: PVSC sales records — single-parcel transfers of $50,000 or more. Multi-parcel conveyances and nominal family transfers are excluded because they aren't market sales.

Who lives here2021 Census · apportioned
Population609
Median age52.9
Avg household size2
Median household income$61,324
Owner-occupied84%
Rented16%
Single-detached88% (NS 63.7%)
Built since 20163.3% (NS 5.2%)

Census figures are apportioned from 2021 dissemination areas to this boundary by parcel share — an honest approximation, not a direct count.

More in Chester
New Ross$448,950+60%714
Chester$602,204+13%695
Mill Cove$570,000+1%591
Chester Basin$407,000+15%567
Marriotts Cove$430,000-2%375
Forties$266,640-18%337
Blandford$406,500+20%330
East Chester$424,900+55%319
Martins Point$392,450+14%311
Windsor Road$307,000+24%274
Western Shore$275,000+13%273
Fox Point$540,000+41%252

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How to read this profile

An area profile for New Russell— how the area has moved, never a per-home estimate or a forecast. Market figures cover the last 24 months of arm's-length single-family sales (Property Valuation Services Corporation); the trend is on median price per square foot, which controls for which homes happened to sell. Where recent sales are too thin to be reliable, the typical-price figure is suppressed and the assessed-value movement is shown instead. New-build premiums hold home size constant. Demographics are from the 2021 Census of Canada, apportioned from dissemination areas to this boundary by parcel share.

Sources — PVSC (sales & assessment) · Statistics Canada, 2021 Census (Open Government Licence – Canada) · governance boundaries © Open Data Nova Scotia & HRM (OGL) · market data as of August 2026.