Andra Arnold & Associates are a Top Rated, Award-Winning Guelph real estate team that has a passion for helping people. We truly live by our motto “Here to Help”. Our team brings quality expertise to our clients’ buying and selling experiences. The team's dedication, eagerness to help, and experience allow clients navigate one of life’s biggest decisions!
August 2024 Guelph Housing Market Update
Andra Arnold • September 10, 2024
August 2024
Guelph Real Estate Market Report
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.
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.
Contact Us
Meet the Andra Arnold Team
Check Out Our Featured Listings
More blog posts on buying and selling real estate
Discover key insights from the Guelph real estate market in August 2025. Sales dipped 26% from July, while prices held steady with a 2.8% month-over-month rise. Learn what this means for buyers and sellers heading into the fall market.
Discover Old University in Guelph, historic homes, walkable amenities, and a competitive real estate market make this neighbourhood one of the city’s most desirable places to live.
Explore Riverside Park in Guelph. History, amenities, lifestyle, and real estate insights. Discover why this riverfront community is one of the city’s most sought-after neighbourhoods.
If you’ve spent any time in Guelph, you’ve probably heard people talk about “The Ward.” Officially called St. Patrick’s Ward, this neighbourhood sits just east of downtown and has a personality all its own.
Risks and rewards of buying pre‑construction in Guelph. Timelines, financing, and developer vetting, so you can invest wisely and secure your new condo.
Compare condos vs. freeholds in Guelph to find the best fit for your lifestyle, budget, and goals. Low‑maintenance living or full control awaits.
