Guelph Real Estate Market Update: March 2025 & Q1 Recap

The Guelph real estate market is heading into the Spring season with some early signs of potential stability and cautious optimism. After a winter of slower movement and elevated inventory, March brought a mix of small shifts that could signal the beginning of a more balanced market ahead. Here’s a breakdown of what’s happening in the local housing landscape as we wrap up the first quarter of 2025. 

Housing transactions (sales volume) increased in March, but stayed well below the seasonal norm.  Guelph real estate agents are feeling some sparks of life in buyer interest and seller activity, but not all of that is yet showing up in the statistics.  So it will be interesting to see what will happen over the next few months as hesitancy lingers and the market settles into a new normal—at least for for now. 

Months of Inventory Continues Climb, But Below January Peak

One of the most telling metrics in any market is Months of Inventory (MOI)—which gauges the pace at which homes are selling. In Guelph, MOI rose again in March to 2.73, up from 2.62 in February. While this marks a slight increase over the prior period, it remains below the January 2025 high of 2.92. 

This gradual increase continues a trend we’ve seen since early 2024, when MOI dropped sharply to just 1.31 in Q1. Since then, inventory has slowly built back up, not necessarily due to a flood of new listings, but largely because homes are taking longer to sell. The median Days on Market (DOM) increased from 15 in February to 18 in March—still far better than the 32-day peak we saw in January, but something to definitely keep an eye on. 

Home Prices Holding—With a Slight March Dip

Despite the uptick in inventory, home prices in the Guelph real estate market have held relatively steady over the quarter. The average sale price across all property types for Q1-2025 landed at $769,335. However, March saw a mild dip to approximately $740,000—suggesting some softening that may benefit buyers this spring or could simply reflect the fact that market activity below $1m is far busier than transactions above that threshold. 

Detached homes continue to represent the largest share of the market, making up 45% of active listings. As of April, there are 165 detached homes available with a median list price of just under $1 million ($999,999). Roughly three-quarters of these listings fall within the $775,000 to $1.4 million range, reflecting Guelph’s mid-to-upper price positioning among Ontario’s mid-sized cities. 

More Listings, More Choice

Active listings edged up to 366 in March 2025—up 3.7% compared to March 2024. At the same time, 136 homes sold, which shows moderate buyer activity as we enter what’s typically the busiest season in the Guelph real estate calendar. 

This growing inventory is providing buyers with more options and slightly more negotiating power, though sellers are still seeing healthy demand—especially for well-priced, move-in-ready homes. 

Is a More Balanced Guelph Real Estate Market on the Horizon?

When you compare transaction volume to active listings, we see a fluctuating but telling pattern: MOI has hovered between 2.4 and 2.9 since last summer. This implies that the increase in MOI isn’t simply a function of fewer sales—it’s tied to longer selling timelines. 

This shift toward longer DOM began mid-to-early 2024 and has persisted into early 2025. But the recent moderation in days on market, paired with stable pricing, suggests we could be approaching a more balanced phase. For homeowners wondering whether now is a good time to move—it might be, depending on your goals. And for buyers hoping for more room to negotiate, this spring could offer a meaningful window of opportunity. 

What This Means for You

Whether you're a homeowner looking to sell and move or a buyer entering the market for the first time, it’s important to understand the dynamics at play. The Guelph real estate market is showing some signs of stability—not a strong movement yet, but something that could change quickly if the news headlines shift.  Uncertainty around trade-wars loom, but it wouldn't take much to lessen public hesitation and see life return to a more typical Spring market.

If you’re looking for a Guelph real estate agent who understands the trends and can help you make confident, informed decisions, I’d love to help. From detached homes and condos to investment properties, I provide trusted advice, smart strategies, and exceptional client-first service to help you succeed.

Let’s connect to talk about your goals—whether you're buying, selling, or simply staying informed about Guelph real estate.

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Brady Veitch, REALTOR® 
Red Brick Real Estate Brokerage 
DealWithBrady.ca