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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 March 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 moving into the early spring market- March- would mean that sales would pick up. Right?
And 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 March is actually slightly slower than February. 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:
March 2026 ended as the slowest March we’ve had in years. It’s now the 3rd consecutive month of multi-year low volumes for a given month. For the full year to date totals, you’ll find these at the bottom.
So, how long will this continue and why is it happening? One theory is the extremely cold and long winter had buyers sidelined, but personally we think that’s only one of about 5 factors. We’ll get into a few of them here, but be sure to watch Ryan’s video or podcast for more detail.
What was the average price of a house in Guelph March 2026?
The overall average price of a house in Guelph in March 2026 was just over $770,000. This consists of an average price of $536,000 for condos/ townhouses (40 sales) and $888,000 in detached homes (79 sales).
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.
There are currently 464 houses on the market in Guelph, made up of:
207 detached (a slight decrease since mid March)
257 condo/ towns (a 7% increase since mid March)
Over the past two weeks we have realized a 3% increase in listings. All of this has come from condos/towns, as the detached segment has less houses available than mid March.
What sold in the Guelph real estate market in March 2026?
There were a total of 119 residential sales in Guelph real estate in March 2026:
Condos/ townhouses/ stacked townhouses:
Of the 40 units that sold:
$358,000 was the low price (a condo in downtown Guelph)
$1,350,000 was the high price (a condo in South Guelph)
As mentioned, the overall average was $536,000- a move into the middle of the trend for the past 6 months and almost flat to Feb. That being said, at this point we still anticipate the average price of a condo in Guelph will go lower in 2026 as supply continues to increase.
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.
Total homes sold at an average of 96.5% of the last posted asking. This is the lowest % we’ve seen in months, meaning on average there is 3.5% 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 40 units sold over asking (0%)
1 of the 40 sold at the asking (2.5%)
39 sold under the asking (97.5%)
A change in the condo/ townhouse segment?
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.
For the 2nd month, we’re seeing increased sales here, along with increasing inventory. We are now sitting at roughly 8 months inventory in this segment, putting Guelph firmly in a buyers market for condos/ towns. However, we are consistently now selling over 1 per day with 1.3 selling/ day in Feb and March now at 1.3.
Additionally, we watch for vacant listings in this segment to get an idea of what owners are thinking. We currently have 38% of available condo listings vacant- as in, no one lives there but someone is paying the mortgage, condo fees, utilities and taxes. This is a sharp decline from previous months.
Perhaps, the condo segment is showing signs of life?
Detached/ semi detached freehold
Of the 79 units that sold:
$492,000 was the low price (downtown)
$1,750,000 was the high price (Old University)
As mentioned earlier, the overall average was $888,000 and inching closer to the $900K mark we reached last summer
Total homes sold at an average of 97.7% of the last listed asking price- nothing notable.
9 of the 79 sold over asking (11%)
11 sold at the asking (14%)
59 sold under the asking (75%)
This is a slightly different breakdown than condos, where 11% are still selling over the asking, whether by design (“holding offers”) or pure demand. Still, 14% sold at the asking indicating that the buyer saw value at the listed price.
$1M plus segment
We watch this segment for an indication on trends. Historically, we see 15-20% of sales in the $1M+ price segment, but in the last few months this segment has been struggling. However, March bounced back.
In March, 17% (20 houses) of sales were over $1M putting us back in the historical range. Of the 20 that sold over asking, 19 were in the detached segment. Almost half sold at/ above asking meaning there appears to be some new demand.
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 464 houses on the market and the last 3 months avg sales (88/mth), we have 5.3 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.