September 2023 Guelph Housing Market Update

Andra Arnold • October 10, 2023

September 2023
Guelph Real Estate Market Report

Seller's Market

The City of Guelph real estate market continues to be a seller’s market this month, despite a jump in inventory slowing down the market. Although unit sales and sales volume is down from last year, the median and average sale prices have risen compared to last September.

September NUMBERS

Median Sale Price $772,500

+3.97%

Average Sale Price $820,647

+5.66%

Sales Volume $82,064,674

-24.53%

Unit Sales 100

-28.57%

New Listings 308

+21.74%

Expired Listings 22

-8.33%

Unit Sales/Listings Ratio 32.47%

-22.87%

Year-over-year comparison

(September 2023 vs. September 2022)

September year-over-year sales volume of $82,064,674

Down 24.53% from 2022’s $108,738,536 with unit sales of 100 down 28.57% from last September’s 140. New listings of 308 are up 21.74% from a year ago, with the sales/listing ratio of 32.47% down 22.87%.

Year-to-date sales volume of $1,103,263,569

Down 23.67% from 2022’s $1,445,366,131 with unit sales of 1,357 down 15.4% from 2022’s 1,604. New listings of 2,186 are down 22.59% from a year ago, with the sales/listing ratio of 62.08% up 5.28%.

Year-to-date average sale price of $804,381

Down from $881,996 one year ago with median sale price of $772,500 down from $849,900 one year ago. Average days-on-market of 19 is up 3.78 days from last year.