The recent Kitchener MLS® statistics show an average house price of $951k and 411 new listings in the last 28 days. Recent, Kitchener housing data is indicating median days on the market for a home is 15 days.
1. Listings on the Market
Kitchener real estate market boasts a diverse array of housing options, encompassing homes, townhomes, and condos.
Kitchener’s real estate market currently features 321 homes listed, providing prospective buyers with a rich inventory, and contributing to the city real estate market’s variety.
With 150 townhomes on the market, Kitchener ensures a dynamic segment of the real estate landscape, offering space and affordability, which is an integral aspect of the city’s real estate market.
Condos hold a prominent position in Kitchener’s real estate market, with 179 units listed, presenting a compact and maintenance-free living arrangement.
2. Average Listings Price in the Last Month:
Analyzing the average listing prices over the last month unveils the affordability and market value of these properties within the city real estate market:
The average listing price for homes in Kitchener over the last month remains steady at $983.1K, indicating the stability and value of homes within the city real estate market.
Kitchener’s townhome market has shown a slight increase of 0.93% in the average listing price over the same period, reflecting consistent demand and affordability.
Condos in Kitchener have maintained their average listing price at $488.8K, offering affordable options within the city real estate market.
3. Change in Average Listing Price:
Understanding the variations in average listing prices can provide insights into significant market dynamics within the city real estate market:
Homes in Kitchener have shown no change in the average listing price, underlining the steady demand and equilibrium in the market.
The townhome market has displayed a modest 0.93% increase in the average listing price, emphasizing the importance of this segment in offering affordability and stability in the city real estate market.
Condos have experienced no change in their average listing price, contributing to a balanced and accessible market within the city real estate market.
4. Average SOLD Price in the Last Month:
Examining the average sold prices for these categories in the last month represents the actual transaction values within the city real estate market:
Kitchener’s homes have witnessed a noteworthy 5.55% increase in the average sold price over the last month, indicating their desirability and value within the city real estate market.
Townhomes in Kitchener have reported a significant 5.95% increase in the average sold price over the same period.
Condos have seen no change in the average sold price, contributing to a competitive and accessible condo market in the city real estate market.
Inventory & SOLD Statistics:
Over the last 60 days, Kitchener’s real estate market has been abuzz with activity:
There were 936 new home listings, with 196 homes sold during this period. The average days on the market for homes was 12 days, and the selling-to-listing price ratio stood at 101.48%, highlighting an efficient and competitive market.
Kitchener saw 368 new townhome listings and 78 townhomes sold in the last 60 days. The average days on the market for townhomes was 14 days, with a selling-to-listing price ratio of 101.51%.
For condos, there were 276 new listings and 52 condos sold in the last 60 days, with average days on the market of 25 days and a selling-to-listing price ratio of 100.13%.
Kitchener Real Estate Market Trends and Average Listings Price
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