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!
July 2023 Guelph Housing Market Update
Andra Arnold • August 4, 2023
July 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, as a lack of inventory further pushes the market while keeping both unit sales and sales volumes low. Despite this, monthly sales volume and unit sales, as well as median and average sale prices were higher than they were in June of last year.
July NUMBERS
Median Sale Price $789,950
+8.96%
Average Sale Price $829,201
+7.69%
Sales Volume $128,526,169
+29.4%
Unit Sales 155
+20.16%
New Listings 261
-7.45%
Expired Listings 15
-37.5%
Unit Sales/Listings Ratio 59.39%
+13.64%
Year-over-year comparison
(July 2023 vs. July 2022)
July year-over-year sales volume of $128,526,169
Up 29.4% from 2022’s $99,327,577 with unit sales of 155 up 20.16% from last July’s 129. New listings of 261 are down 7.45% from a year ago, with the sales/listing ratio of 59.39% up 13.64%.
Year-to-date sales volume of $933,178,363
Down 25.36% from 2022’s $1,250,271,824 with unit sales of 1,142 down 15.47% from 2022’s 1,351. New listings of 1,681 are down 29.13% from a year ago, with the sales/listing ratio of 67.94% up 10.98%.
Year-to-date average sale price of $807,627
Down from $913,864 one year ago with median sale price of $789,950 down from $911,500 one year ago. Average days-on-market of 18.71 is up 7.28 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.
