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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 mid April 2026
It feels like things are happening. This is conversation that we’re having 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. But the numbers show that sales volume so far through mid April is actually slightly slower than March. Buyers are in no rush to buy, and sellers are in no rush to sell.
Let’s start off with a re-cap the number of homes on average that have sold per day in prior Marchs in Guelph real estate in order to get a baseline:
As you see, we’re significantly below 2025 and down closer to levels not seen since early days of COVID in April 2020. 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 high 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 so far in Guelph in April 2026 is $779,000. This consists of an average price of $517,000 for condos/ townhouses (13 sales) and $861,000 in detached homes (42 sales). Overall, the average price is rising slightly from March.
So what can we predict for further into the spring?
Is Guelph real estate inventory rising or falling overall?
It took until mid March to surpass the inventory levels from December 1, 2025, which is much slower than most people had expected. However, as of Easter Monday there was a noticeable rise in inventory that we anticipate is going to continue to increase over the following 8 weeks.
There are currently 512 houses on the market in Guelph, up 10% in two weeks. This is made up of:
233 detached (a 12% increase in two weeks)
279 condo/ towns (a 9% increase in two weeks)
However, despite the fact that detached inventory is rising faster than condos, detached inventory is also selling faster. We’re seeing more condos/ towns hit the market and they aren’t selling as fast, which is great for buyers who now have more selection.
What sold in the Guelph real estate market so far in April 2026?
So far, there have been 55 sales, made up of :
Condos/ townhouses/ stacked townhouses:
Of the 13 units that sold:
$300,000 was the low price (a lowrise condo Riverside Park)
$1,017,000 was the high price (a condo in downtown Guelph)
As mentioned, the overall average was $516,000- a move much lower than we’ve seen in past weeks. In fact, without the one high sale at $1,017,000, the average was $474,000. This is consistent with our prediction of continued inventory rising in this segment, which in turn will result in lower prices for buyers.
This isn’t meant to be negative on the condo/ town segment, but simply supply and demand in action- more listings means more options for buyers. 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 96.7% of the last posted asking. This means on average there is over 3% negotiation room from the last listed price. Of course, this is an average, so it’s not applicable in all situations but is used as a measure in totality.
0 of the 13 units sold over asking (0%)
3 of the 13 sold at the asking (23%)
10 sold under the asking (77%)
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. And we currently have 279, meaning we have 279 days of inventory (over 9 months). 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 279 units
For prices to fall (buyers): we need more inventory to hit the market
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.
Detached/ semi detached freehold
Of the 42 units that sold:
$634,000 was the low price (east Guelph)
$1,328,000 was the high price (Kortright Hills)
As mentioned earlier, the overall average was $871,000 and inching closer to the $900K mark we reached last summer
Total homes sold at an average of 98.1% of the last listed asking price- nothing notable.
4 of the 42 sold over asking (10%)
1 sold at the asking (2%)
37 sold under the asking (88%)
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 512 houses on the market and the last 3 months avg sales (88/mth), we have 5.8 months of inventory (MOI). Buyers are quickly gaining control.
We anticipate we will be close to 6 MOI by May. 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
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
Q1 Year to date performance (Jan 1- March 2026) vs the same period 2025
We only update this monthly, so we now have 3 full months of finalized data. Here is how the Guelph real estate market stack up this year vs last:
Number of houses sold: -15% (301 in 2026 vs 353 in 2025, 52 less houses)
$ volume sold: -19% ($223M in 2026 vs $275M in 2025)
Average price: -4.9% ($743K in 2026 vs $781K 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.