Guelph Market Update

The detached home market in Guelph saw more activity in April, with 118 new listings, up from 87 in March and 64 in February. The total number of active listings also rose to 164, giving buyers more homes to choose from. Sales increased to 54, up from 34 in March, but that’s still significantly lower than previous years—down 41.3% from April 2023 (which had 92 sales) and down 43.8% from April 2022 (which had 96 sales). Homes also took a bit longer to sell, with the average days on market increasing to 17, compared to 13 in March.

What does this mean?

For sellers, this means the market is moving, but more listings and fewer sales compared to previous years could mean slightly more competition. Pricing your home correctly and ensuring it stands out will be key. The median sale price in April was $861,500, which is steady compared to March, but slightly down from February’s $892,875.

For buyers, there’s more inventory to explore, and prices have remained fairly stable. With homes taking a bit longer to sell, you may have slightly more negotiating power than earlier in the year.

Here's what has sold in Guelph in the last 14 days:

https://portal.onehome.com/en-CA/share/1275807W70230