August 2024 Guelph Housing Market Update

Andra Arnold • September 10, 2024

August 2024
Guelph Real Estate Market Report

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Balanced Market

The City of Guelph’s real estate market is trending towards a seller’s market this month. The median sale price increased by 1.97%, and the average sale price rose by 4.33%. Sales volume saw a significant boost of 20.66%, with unit sales up 15.65%. New listings increased by 18.27%, while expired listings surged by 218.18%. Despite the slight drop in the unit sales/listings ratio, sellers are still benefiting from strong demand.

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August NUMBERS

Median Sale Price $775,000

+1.97%

Average Sale Price $798,555

+4.33%

Sales Volume $106,207,758

-20.66%

Unit Sales 133

+15.65

New Listings 244

+18.2%

Expired Listings 35

+218.18%

Unit Sales/Listings Ratio 57.08%

-1.29%

Year-over-year comparison

(August 2024 vs. August 2023)

August year-over-year sales volume of $106,207,758

Up 20.66% from 2023’s $88,020,532 with unit sales of 133 up 15.65% from last August’s 115. New listings of 233 are up 18.27% from a year ago, with the sales/listing ratio of 57.08% down 1.29%.

Year-to-date sales volume of $961,078,983

Down 5.89% from 2023’s $1,021,198,895 with unit sales of 1,209 down from 1,257 in 2023. New listings of 2,265 are up 20.61% from a year ago, with the sales/listing ratio of 53.38% down 13.56%.

Year-to-date average sale price of $792,411

Down from $802,348 one year ago with median sale price of $761,750 down from $774,975 one year ago. Average days on-market of 25.1 is up 6.38 days from last year.