September 2024 Guelph Housing Market Update

Andra Arnold • October 8, 2024

September 2024
Guelph Real Estate Market Report

Buyer's Market

The City of Guelph’s real estate market was a buyer’s market this past month, as the median sale price increased by 1.42%, even though the average sale price dipped slightly by 1.12%. Sales volume saw a notable rise of 25.58%, with unit sales up by 27%. New listings increased by 7.14%, while expired listings rose by 13.64%. The unit sales/listings ratio improved by 6.02%, reflecting growing buyer activity in a competitive market.

A living room with a fireplace , coffee table , and mirror.

SEPTEMBER NUMBERS

Median Sale Price $783,500

+1.42

Average Sale Price $811,448

-1.12%

Sales Volume $103,053,900

+25.58%

Unit Sales 127

+27%

New Listings 330

+7.14%

Expired Listings 25

+13.64%

Unit Sales/Listings Ratio 38.48%

+6.02%

Year-over-year comparison

(September 2024 vs. September 2023)

September year-over-year sales volume of $103,053,900

Up 25.58% from 2023’s $82,064,674 with unit sales of 127 up 27% from last September’s 100. New listings of 330 are up 7.14% from a year ago,

with the sales/listing ratio of 38.48% up 6.02%.

Year-to-date sales volume of $1,064,132,883

Down 3.55% from 2023’s $1,103,263,569 with unit sales of 1,336 down from 1,357 in 2023. New listings of 2,595 are up 18.71% from a year ago,

with the sales/listing ratio of 51.48% down 10.59%.

Year-to-date average sale price of $794,526

Down from $804,381 one year ago with median sale price of $773,500 up from $772,500 one year ago. Average days-on-market of 25.9 is up 6.89 days from last year.