Guelph & Tri-City Housing Market Stats – March 2025
The Guelph real estate market continued to show signs of adjustment in March, reflecting broader trends of cautious consumer activity and reduced inventory.
Below are some keys metrics for all of our local markets relative to March of last year:
Guelph Stats:
- Median Sale Price was $750,000 – ↓ 2.0%
- Median Days to Sell was 17 days – ↑ 1.7%
- Total Number of Listings was 300 – ↓ 30.2%
- Total Number of Sales was 135 – ↓ 44.7%
Tri-City Stats:
- Kitchener: Median Sale Price was $694,000 – ↓ 7.5%
- Waterloo: Median Sale Price was $750,000 – ↓ 5.5%
- Cambridge: Median Sale Price was $740,000 – ↑ 0.7%
CLICK HERE to view the full market report.
Home sale prices experienced a modest decline. While this dip is noteworthy, I feel that it is more of a stabilization in pricing rather than a significant downturn. Home values remain relatively strong, especially when viewed against the backdrop of market highs in recent years. We have even started to see some multiple offer situations on homes in the past couple of weeks.
The time it takes to sell a home has remained relatively steady. This indicates that while buyers may be taking a slightly more measured approach, well-priced and well-presented properties are still moving in a timely fashion.
What stands out most in this month’s data is the sharp decline in both listings and sales. March saw only 300 new listings—a 30.2% drop from the previous year—and just 135 homes sold, representing a significant 44.7% decrease from February. These numbers suggest that many prospective sellers are holding off for the time being, and buyers are proceeding with more caution.
For buyers, the current market presents an opportunity to navigate with less competition than in past spring markets. With prices showing some softness and inventory remaining limited, buyers who are patient and well-prepared may find good value. However, flexibility and readiness to act quickly when the right property becomes available remain important.
Sellers should approach the market with realistic expectations. Buyers are more price-sensitive and taking more time before making decisions. Homes that are strategically priced and professionally marketed still have the potential to stand out in this low-inventory environment, but success may require more preparation and precision than in recent years.
Overall, Guelph and our surrounding communities are currently experiencing a more balanced environment, where thoughtful strategy and timing are essential to achieving success. If you are thinking about a move, or would like to have a conversation about market conditions and how they affect you, please reach out to me anytime. Thanks for joining me, and have a great day!