March 2024 Guelph Housing Market Update

Andra Arnold • April 10, 2024

March 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 remain higher than they were this time last year, showing some strength to this market.

MARCH NUMBERS

Median Sale Price $750,000

+1.56%

Average Sale Price $785,132

+3.68%

Sales Volume $130,331,851

-6.46%

Unit Sales 166

-9.78%

New Listings 289

+16.06%

Expired Listings 17

+142.86

Unit Sales/Listings Ratio 57.44%

-16.46%

Year-over-year comparison

(March 2024 vs. March 2023)

March year-over-year sales volume of $130,331,851

Down 6.46% from 2023’s $139,338,740 with unit sales of 166 down 9.78% from last March’s 184. New listings of 289 are up 16.06% from a year ago, with the sales/listing ratio of 57.44% down 16.46%.

Year-to-date sales volume of $317,365,243

Down 0.09% from 2023’s $317,666,181 with unit sales of 403 down from 421 in 2023. New listings of 692 are up 12.52% from a year ago, with the sales/listing ratio of 58.24% down 10.22%.

Year-to-date average sale price of $785,703

Up from $748,680 one year ago with median sale price of $750,000 up from $737,500 one year ago. Average days-on-market of 27.33 is up 5.66 days from last year.