Tidewater

Prospect Bay

One of 379 areas · 352 parcels · Updated weekly

Rising, but among the slowest in Nova Scotia.

Prospect Bay's price per square foot rose 5% over two years — versus +13% across Nova Scotia, on 39 recent and 27 prior sales. This is an area-wide read, not a per-home estimate or a forecast.

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

Active marketAs of August 2026 · 2021 census
$563,700typical house · 24mo86th pctile · NS
+5%price trend · 2yr19th pctile · NS
352homes
810residents

Sells in a median 50 days — faster than 20% of Nova Scotia areas · 20 sold

Sells for a median 95% of original asking — 10% at or above ask · 20 sold

0% cut their price before selling · 21 sold

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

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PVSC + MLS · Area aggregate

Median sale$563,70024 mo
Registry sales3924 mo
24-mo change+5%
Median days on market50 days20 sold
Median assessment$443,3502026
OverviewPVSC + 2021 Census

Single-family homes here typically sold around $563,700 over the last 24 months — +5% on a mix-controlled price-per-square-foot basis over two years (Nova Scotia as a whole: +13%). Assessed values moved +47% over three years.

As of the 2021 Census, about 810 people live here, with a median household income near $95,000. 91% of homes are owner-occupied and 96% are single-detached.

Roughly 44 homes were added in the last five years — about 12.9% of the stock, and new builds trade at a -11.2% per-square-foot premium to existing homes of the same size.

Price-per-square-foot trajectoryPVSC · Sales
Median sale price per square foot in Prospect Bay went from $248 in 2022 to $285 in 2026.20222023202420252026$285/ft²$248
Median sale price per square foot in Prospect Bay went from $248 in 2022 to $285 in 2026.

Most recent sales landed between $253,425 and $787,900 (10th–90th percentile).

How Prospect Bay compares to Nova ScotiaPVSC + Census · vs NS
Typical house · 24mo$563,70086th percentile
Price trend · 2yr+5%19th percentile
Assessed values · 3yr+47%vs NS +52%
Median year built1983vs NS 1979
Median household income$95,000vs NS $67,500
Owner-occupied91%vs NS 67%
Single-detached96%vs NS 64%
Median age47.6vs NS 47

The blue dot marks Prospect Bay; 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 44 new homes were built in Prospect Bay over the last five years — roughly 12.9% of its homes. New homes trade near $285/ft² against $321/ft² for existing — a -11.2% premium per square foot, after holding size constant. 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$302/ft² · 20 homes
1960–79$267/ft² · 120 homes
1980–99$270/ft² · 98 homes
2000–17$322/ft² · 52 homes
2018+$301/ft² · 51 homes

Recent sale price per ft², by home type

Detached$289/ft² · 275 homes
Split-level$309/ft² · 73 homes

Where recent sales landed

13%28%41%19%
Under $300k · 13%$300–500k · 27.5%$500–750k · 40.6%$750k+ · 18.8%
Recorded salesRegistry · 21 years · ungated
2026-07-1517 Brennans Branch, Prospect Bay$400,000
2026-07-0816 Tidal, Prospect Bay$650,000
2026-07-066 Tidal, Prospect Bay$550,000
2026-07-0231 Elaine, Prospect Bay$460,000
2026-06-1651 Lukes, Hacketts Cove$627,200
2026-05-28765 Shad Point, Blind Bay$840,000
2026-04-09Hatchet, Hatchet Lake$415,000
2026-03-19210 Hideaway, Brookside$799,900
2026-03-0462 Rosalie, Prospect Bay$458,000
2026-03-0350 Elaine, Prospect Bay$500,000
2025-12-16806 Prospect Bay, Prospect Bay$482,500
2025-12-15136 Middle Village, West Dover$610,000

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
Population810
Median age47.6
Avg household size2.4
Median household income$95,000
Owner-occupied91%
Rented9%
Single-detached96% (NS 63.7%)
Built since 20161.8% (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 Halifax
Bedford$765,000+2%6,387
Lower Sackville$500,000+8%5,436
Cole Harbour$530,000+9%5,356
Middle Sackville$590,000+7%3,828
Hammonds Plains$703,200+7%3,647
Fairview$575,000+12%3,122
Beaver Bank$610,000+8%2,764
Spryfield$589,900+12%2,692
North End$632,000+15%2,623
Clayton Park$689,675+9%2,465
Eastern Passage$480,000+13%2,415
Port Wallace$665,450+11%2,394

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How to read this profile

An area profile for Prospect Bay— 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.