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October 2024 Guelph Housing Market Update
Andra Arnold • November 8, 2024
October 2024
Guelph Real Estate Market Report
Balanced Market
The City of Guelph’s real estate market switched back to a balanced market this past month, as the median sale price rose slightly, while the average sale price saw a modest increase of 2.29%. Sales volume jumped by 35.05%, with unit sales up 29.63%. New listings grew by 15.21%, and expired listings increased by 54.17%. The unit sales-to-listings ratio improved by 5.14%, showing heightened buyer interest in a competitive market.
October NUMBERS
Median Sale Price $770,000
+0.65%
Average Sale Price $800,600
+2.29%
Sales Volume $112,928,405
+35.05%
Unit Sales 140
+29.63%
New Listings 303
+15.21%
Expired Listings 37
+54.17%
Unit Sales/Listings Ratio 46.2%
+5.14%
Year-over-year comparison
(October 2024 vs. October 2023)
October year-over-year sales volume of $112,928,405
Up 35.05% from 2023’s $83,619,348 with
unit sales of 140 up 29.63% from last October’s 108. New listings of 303 are up 15.21% from a year ago, with the sales/listing ratio of 46.2% up 5.14%.
Year-to-date sales volume of $1,177,061,288
Down 0.83% from 2023’s $1,186,882,917 with unit sales of 1,476 up from 1,465 in 2023. New listings of 2,898 are up 18.33% from a year ago, with the sales/listing ratio of 50.93% down 8.89%.
Year-to-date average sale price of $795,134
Down from $802,212 one year ago with median sale price of $771,750 up from $768,750 one year ago. Average days-on-market of 26.2 is up 6.8 days from last year.
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