Listowel Real Estate Market: Signs of Spring Momentum in March 2025

The Listowel, North Perth real estate market showed some stronger signs of life in March 2025, with sales activity picking up despite winter weather still hanging on. While the market remains tilted in favour of buyers, March brought several encouraging signals that point to a potentially more active Spring ahead.

Sales Volume of Homes Surges in March

March saw one of the strongest sales volumes for Listowel since 2021, with a total of 9 homes sold across all property types. That marks the second-highest March total in four years, reflecting a clear uptick from prior months and picking up the continuation of a trend in increased activity that started in 2024.

Detached homes continue to dominate the market, but there was also a small number of Attached Townhouse transactions, highlighting some diversity in inventory for buyers looking for alternatives to traditional rural town single-family homes.

Listowel Real Estate Prices Stable, But Homes Still Selling Below Asking

The median sale price in March landed at $590,000, showing relative stability month-over-month in comparison to prior years. While list prices continue to trend upward slightly, many sellers are still accepting offers below asking — a key sign that buyers still hold negotiating power.

This pricing gap is worth watching. On one hand, it signals that sellers remain confident in Listowel’s value proposition. On the other, it means buyers still have room to be selective and strategic.

Housing Inventory Shrinking — But Still Favouring Buyers

While Months of Inventory (MOI) remains high at 4.89, that’s a notable improvement from where we were just a few months ago. Inventory has trended downward since December 2024, suggesting that available listings are being absorbed more consistently.

That trend is reinforced by the median Days on Market, which dropped to 20 days in March — nearly on par with the faster median turnover periods in the past year. Homes are clearly moving quicker, a sign of more serious buyer engagement.

Still, with nearly five months of inventory, Listowel remains in buyers’ market territory by traditional standards. That said, if inventory continues to tighten and days on market stay low, the Spring season could bring a subtle shift toward more balanced conditions.

Sellers Are Listing — 29 New Listings Hit the Market in March

Perhaps the clearest sign of optimism... Sellers are returning to the market. March 2025 saw 29 new listings, the highest single-month over the past four years. That suggests that homeowners are feeling more confident about listing — and possibly upgrading or relocating — after a softer fall and winter stretch.

It’s a positive signal not only for buyers seeking choice, but also for real estate watchers keeping an eye on supply-side confidence.

Local Activity Unfazed by Larger City Trends

Interestingly, the hesitation seen in some larger urban centres hasn’t impacted Listowel to the same degree. While cities like Kitchener-Waterloo and Guelph are seeing more cautious buyers and longer DOM trends, Listowel real estate appears to be carving out a steady, rural market rhythm of its own after the first quarter of 2025.

Affordability continues to be a draw, and as more buyers are priced out of larger urban centres or looking for lifestyle changes, Listowel remains a compelling option for families and investors alike.

Final Thoughts: A Potentially Strong Spring Shaping Up

With higher-than-normal listing activity, strong sales volume, and a trend of inventory tightening beginning, March delivered a solid foundation for a more active Spring in Listowel.

Buyers still have the upper hand for now — with most homes still selling under asking and plenty of selection — but the window for advantageous conditions may begin to narrow if these trends continue.

Not sure if now’s the right time to buy or sell in Listowel? Let’s connect — as a local Listowel real estate agent I'm happy to help you make sense of the market trends and what they mean for your goals.

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