April 2024 Guelph Housing Market Update

Andra Arnold • May 10, 2024

April 2024
Guelph Real Estate Market Report

Balanced Market

The City of Guelph real estate market continues to be a balanced market despite both unit sales and sales volume being lower than they were this time last year. Both average and median sale prices dropped in comparison to last year, however, the significant increase in new listings and the jump in expired listings reflects a shift in market dynamics. Despite these changes, the market still shows signs of stability.

APRIL NUMBERS

Median Sale Price $773,500

-2.7%

Average Sale Price $803,187

-2.51%

Sales Volume $134,935,337

-7.98%

Unit Sales 168

-5.62%

New Listings 313

+41.63%

Expired Listings 11

+83.33%

Unit Sales/Listings Ratio 53.67%

-26.87%

Year-over-year comparison

(April 2024 vs. April 2023)

April year-over-year sales volume of $134,935,337

Down 7.98% from 2023’s $146,642,552 with unit sales of 168 down 5.62% from last April’s 178. New listings of 313 are up 41.63% from a year ago, with the sales/listing ratio of 53.67% down 26.87%.

Year-to-date sales volume of $452,300,580

Down 2.59% from 2023’s $464,308,733 with unit sales of 571 down from 599 in 2023.

New listings of 1,005 are up 20.22% from a year ago, with the sales/listing ratio of 56.82% down 14.83%.

Year-to-date average sale price of $790,074

Up from $767,469 one year ago with median sale price of $761,750 up from $738,000 one year ago. Average days-on-market of 25.75 is up 5.5 days from last year.