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Note: this is a bi-weekly post that updates on the sales within the Guelph real estate market which you can bookmark. You can find a video version on our YouTube Channel here or listen to our Podcast version on Apple Podcasts or Spotify. If you like this information, give us a subscribe!
Guelph real estate sale summary for full April 2026
Is the market starting to change? Or, is this just the usual seasonal spike we see in the spring market? This is conversation that we’re having, it seems like daily, with other real estate agents and clients. And, of course you’d expect that as we’re now entering early spring market that things are going to pick up. Right?
Right?
It may be true- that there may be more people out looking, or more sellers selling. And April did show some improvement in sales volume vs March. In particular, the last week of April which saved us from a lacklustre April in totality.
Let’s start off with a re-cap the number of homes on average that have sold per day in prior Aprils in Guelph real estate in order to get a baseline:
As you see, outside of the early days of COVID in April 2020 sales have been trending downwards since 2022. So, why is it happening?
Weather was blamed for slow sales through winter, but so far in April it’s been fairly typical. There are likely 3 main factors, the geo-political turmoil in the middle east, economic uncertainty in Canada and a wave of mortgage rate renewals that are almost surely causing higher mortgage payments.
But, do slower sales result in lower prices? Not necessarily.
What was the average price of a house in Guelph April 2026?
The overall average price of a house actually declined as we moved through April. In mid April the overall average price of a house in Guelph was $779,000 and the total month finished at $746,000.
This total consists of an average price of $519,000 for condos/ townhouses (43 sales) and $849,000 in detached homes (96 sales).
So what can we predict for further into the spring?
Traditionally, sellers who are struggling to sell in the months of November or December decide to cancel their listing and re-list in the spring. For many years, there was a pretty good chance that you could get a better outcome by doing this. However, from March 2026 to April 2026 the average price of a house in Guelph declined by 3%
But why?
Real estate is an open market and traditional supply and demand is in play. If there is little supply and lots of buyers (early 2022), prices rise. If there is a lot of supply and fewer buyers (now), prices decline. This is because buyers have more choice and can compare and negotiate accordingly.
This doesn’t mean every house price in all neighbourhoods will fall. In fact, in Guelph the average price has held up a lot better than most other Southern Ontario markets. But it does mean that if you’re serious about selling this spring, you need to be realistic about your expectations on pricing. Because, the more inventory available, the more pressure it puts on prices (which buyers are loving!)
Is Guelph real estate inventory rising or falling overall?
It took until Easter Monday, but since then there has been a noticeable rise in inventory that we anticipate is going to continue to increase over the following 8 weeks.
There are currently 539 houses on the market in Guelph, up 5% in two weeks and 20% in the past month. This is made up of:
256 detached (a 10% increase in two weeks)
283 condo/ towns (a 2% increase in two weeks)
However, despite the fact that detached inventory is rising faster than condos, detached inventory is also selling 3x faster
What sold in the Guelph real estate market so far in April 2026?
April 2026 saw 139 sales, made up of :
Condos/ townhouses/ stacked townhouses:
Of the 43 units that sold:
$255,000 was the low price (a lowrise condo in the Dovercliffe neighbourhood)
$1,017,000 was the high price (a condo in downtown Guelph)
As mentioned, the overall average was $519,000- on par with what we’ve seen in the past few weeks. It’s encouraging to see some stability here in both actual sales and inventory stabilizing. It continues to be a great market for buyers, as more options means lower prices and buyers are in control here. Buyers rejoice because now is your time!
Total homes sold at an average of 98% of the last posted asking. This means on average there is 2% negotiation room from the last listed price. This has become a little more competitive over the few weeks as we’ve seen sales uptick:
4 of the 43 units sold over asking (10%)
6 of the 43 sold at the asking (14%)
33 sold under the asking (76%)
Is now a good time to buy or sell a condo in Guelph?
We continue to keep a close eye on this segment, in particular with the race to the exits of the condo market in Toronto. Guelph loosely follows Toronto trends and the market there very slow.
A general rule in Guelph: one condo/ town sells per day, although in April it moved upwards to 1.4/day. And we currently have 283, meaning we have roughly 7-9 months of inventory. At 6 months, we enter buyer market territory and we are well beyond that now.
So:
For prices to rise (sellers): we need buyers to enter the picture to buy up the 283 units (which we saw in April)
For prices to fall (buyers): we need more inventory to hit the market and less sales (which we didn’t see in April)
We believe it’s far more likely that we’ll see more inventory than buyers in the next 6 months, so we would anticipate prices will continue to fall and buyers will benefit. Not a crash- but a slow decline.
Detached/ semi detached freehold
Of the 96 units that sold:
$515,000 was the low price (Exhibition Park)
$1,350,000 was the high price (Old University)
As mentioned earlier, the overall average was $849,000, the midpoint of what we’ve seen over the past year (between $800- $900K mark)
Total homes sold at an average of 98% of the last listed asking price- nothing notable.
12 of the 96 sold over asking (12%)
8 sold at the asking (8%)
74 sold under the asking (80%)
This is a slightly different breakdown than condos, where 10%+ are still selling over the asking, whether by design (“holding offers”) or pure demand.
Is now a good time to buy or sell a detached home in Guelph?
The demand for detached homes will always be greater than the condo segment. However, in Guelph we’re noticing that although inventory is rising (as you’d expect in spring), there are buyers there to buy it.
In detached, we have roughly 3 months inventory available which puts us in a balanced market. However, it’s actually getting closer to a sellers market (2 months and under is considered a sellers market). As detached prices stabilize and condo prices decrease, the gap between the two becomes narrower.
Consider this: In the eyes of a first time buyer, what’s a better financial decision: a detached home that doesn’t have monthly fees for $700K, or a $600K condo with $500/month fees? Of course, there is no right or wrong answer here, it depends on what is important to you. However, these are the decisions a buyer is considering in todays market.
What type of market is the Guelph real estate market in?
Guelph is currently in a balanced market trending towards a buyers market. The type of market we are in, is calculated on the trending months of inventory (MOI).
With 539 houses on the market and the last 3 months avg sales (122/mth), we have 4.1 months of inventory (MOI) which is putting us firmly in balanced real estate market territory.
However, we anticipate we will be inching closer to 6 MOI as the year moves on. This prediction is based on current lower volume sales trends along with increasing inventory with a spring market. Rising inventory = lower prices which buyers can benefit from.
Types of markets
Less than 2 MOI: sellers market. This means that prices will likely RISE because there is more demand (buyers buying) than supply (sellers selling)
2- 6 MOI: balanced market. This means there is enough inventory to satisfy needs of buyers and sellers and regular/ standard negotiations happen. We are currently here
6+ MOI: buyers market. This means there is more supply (houses for sale) than the demand for them (buyers to buy them). In this case, prices typically DECLINE because buyers can negotiate more
Year to date performance (Jan 1- Apr 30 2026) vs the same period 2025
We only update this monthly and we now have 4 full months of finalized data. Here is how the Guelph real estate market stack up this year vs last:
Number of houses sold: -12% (441 in 2026 vs 506 in 2025, 65 less houses)
$ volume sold: -17% ($328M in 2026 vs $397M in 2025)
Average price: -5% ($744K in 2026 vs $785K in 2025)
Want more info?
If you’re thinking of buying or selling, working with award winning Guelph real estate agents can make navigating this market much easier! Check out our other market update formats include video and podcast: