The Guelph real estate market continued to adjust this November as buyers and sellers navigated shifting economic conditions, higher inventory, and changing demand patterns. While prices softened across most categories, increased listing activity and longer days on market suggest a more balanced environment—one that offers opportunities for well-prepared buyers and strategic sellers.
Below is a clear breakdown of what changed this month and what it means for you.
Average Selling Price Declines Year-Over-Year
The average home price in Guelph decreased to $739,008, down 7.8% compared to November 2024’s average of $801,443.
This decline signals a cooling market where buyers are exercising caution and sellers must price strategically to attract attention.
Listings Up, Sales Down: A Shift Toward Balance
New Listings: 235
Up 18.1% from last year (199)
Properties Sold: 125
Down 21.9% from last year (160)
More homes coming to market combined with fewer sales is increasing buyer choice and reducing urgency. This is a noteworthy shift from the intense seller’s market we’ve seen in recent years.
Homes Taking Longer to Sell
The average days on market increased to 39 days, up 25.8% from 31 days last November.
This indicates buyers are taking more time to explore options, negotiate, and secure financing—another sign of a market normalizing after several high-pressure years.
Breakdown by Property Type
A closer look at individual housing segments shows varied performance across categories.
Detached Homes
78 sales (↓ 18.8%)
Average price: $811,033 (↓ 10.1%)
Detached properties saw the sharpest price decline, as higher inventory and affordability pressures cooled demand in this segment.
Semi-Detached Homes
7 sales (↑ 40%)
Average price: $708,214 (↓ 7.43%)
While sales volume increased, the drop in average price suggests that more entry-level or modestly sized semis were selling, pulling the average down despite more activity.
Condos & Apartments
12 sales (↓ 47.8%)
Average price: $421,167 (↓ 29.9%)
This segment experienced the steepest decline in both sales and price, likely due to affordability concerns, competition from new builds, or shifting buyer preferences.
What This Means for Buyers and Sellers
For Buyers
More inventory = more choice
Less competition = better negotiating power
Opportunities to secure homes at prices lower than last year
This is one of the most balanced markets Guelph has seen in recent years.
For Sellers
Pricing strategy is critical
Homes may require additional marketing and preparation to stand out
Expect longer selling timelines
Working with an agent who understands current market conditions is essential.
Looking Ahead
As we move into the winter season, we expect activity to remain steady but moderate. Buyers are becoming more selective, and sellers who price intelligently and prepare their homes well will continue to see success. November’s numbers reflect a market that is recalibrating—opening the door for both sides to make confident, informed decisions.