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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 May 2026
The largest volume sales month in Guelph real estate has just finished! Historically, more transactions come together in May than any other month. There is usually more of everything in May: more buyers buying and more sellers selling. But, if you follow along on this blog series, you’ll know that 2026 has trailed 2025 in every month so far this year. Is it the same for May?
well, is it?
Yes, it is. Although we did see a brief period where May 2026 started to outpace 2025, it fell. And, like all the other months in 2026, it fell below 2025. At least, there’s… consistency?
Let’s start off with a re-cap the number of homes on average that have sold per day May, including final 2026 numbers in Guelph real estate:
So, the good news is that May has been the strongest month so far in 2026 with 162 sales. However, it’s only slightly better than May 2020, the early days of COVID.
Buyers will also be loving the fact that even with more sales than previous months, in the largest volume month of the year, the average price of a house in Guelph also fell in May.
What was the average price of a house in Guelph May 2026?
For those that are wondering how the average price of a house in Guelph is faring, it’s safe to say that we are currently at pricing that was last seen in 2021. Meaning, if you bought a house anywhere from Fall 2021- December 2025, you’d probably be listing it now, for less.
The chart below consists of an average price of $575,000 for condos/ townhouses (54 sales) and $912,000 in detached homes (108 sales). Combined, the total average price so far in May is $799,000.
What sold in the Guelph real estate market in May 2026?
In May 2026, sales were made up of :
Condos/ townhouses/ stacked townhouses:
Of the 54 units that sold:
$320,000 was the low price (Onward Willow neighbourhood)
$1,285,000 was the high price (Clairfields neighbourhood)
As mentioned, a big change here in the past two weeks as the condo segment seems to have come alive in two ways:
- Average price has been in the low-mid $500,000’s for 6-8 months. May finished at $575K
- Sales per day: average 1- 1.3/ day for months. So far in May it’s over 1.7 per day.
Personally, we had two condo buyers in May that ended in multiple offers. This is noteworthy because neither of these condos were new to market. In fact, one of them had been on the market over 6 months. Meaning, there are buyers out there but they’re not moving quickly- they’re waiting for other buyers to validate the price before they jump in.
Total homes sold at an average of 97.7% 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 54 units sold over asking (7%)
8 sold at the asking (15%)
42 sold under the asking (78%)
Is now a good time to buy or sell a condo in Guelph?
Well it appears the market thinks so. 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.
What we’re surprised to see is that despite being in the largest volume sales month, the condo inventory has barely increased at all. Are all the sellers that wanted to sell, on the market?
We’ll be watching this new trend, as it’s either an anomoly or perhaps a trend change. We’re thinking it could be the latter.
Detached/ semi detached freehold
Of the 108 units that sold:
$390,000 was the low price (St Georges Park)
$2,292,500 was the high price (Kortright East)
As mentioned earlier, the overall average was $912,000, the higher end point of what we’ve seen over the past year (between $800- $900K mark). However, this may be propped up by the 3 sales in the month at $1.9M+
Total homes sold at an average of 98.6% of the last listed asking price- nothing notable.
21 of the 108 sold over asking (19%)
13 sold at the asking (12%)
64 sold under the asking (69%)
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. On average, 3 detached homes sell per day in Guelph. We’re noticing that although inventory is rising, there are buyers there to buy it.
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.
Is Guelph real estate inventory rising or falling overall?
There are currently 594 houses on the market in Guelph, up 5% in two weeks. However, all of that is in the detached segment, whereas the condo/ town segment has actually seen a decrease in active listings.
299 detached (a 14% increase in May)
295 condo/ towns (a small increase in two weeks)
This is extremely noteworthy because it’s a big change from what we’ve been talking about for months: stagnant detached and rising condo/ towns. We’re experiencing the opposite at the moment.
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 (140/mth), we have 4.2 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- May 31 2026) vs the same period 2025
We only update this monthly and we now have 5 full months of finalized data. Here is how the Guelph real estate market stack up this year vs last:
Number of houses sold: -12% (603 in 2026 vs 683 in 2025, 80 less houses)
$ volume sold: -16% ($458M in 2026 vs $543M in 2025)
Average price: -5% ($759K in 2026 vs $796K 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: