Real Estate Market Trends and Average Listings Price in Pickering in November

Nestled on the shores of Lake Ontario, Pickering, a vibrant city in Ontario, Canada, boasts a thriving real estate market. Current Pickering MLS® stats indicate an average house price of $1,139,724 and 132 new listings in the last 28 days. As of today, Pickering housing data shows median days on the market for a home is 15 days.

1. Listings on the Market
Pickering’s real estate market presents a variety of housing options, including homes, townhomes, and condos.

Pickering currently features 139 homes listed on the market, providing a diverse range of choices for residents and newcomers alike. For those seeking townhome living, Pickering offers 59 listings, showcasing the appeal of this housing style for those seeking a balanced lifestyle.

Condos present 31 options for those looking for a more compact and convenient living arrangement.

2. Avg Listings Price Last 3 months
The average listing price for homes in the last three months stands at $1.3 million, emphasizing the attractiveness of Pickering’s residential offerings.

Townhomes, an excellent choice for those seeking affordability without compromising on space, have an average listing price of $799.5 thousand over the same period.

Condos maintain their affordability in Pickering, with an average listing price of $618.1 thousand in the past three months.

3. Change in Average Listing Price
Understanding the change in average listing price can reveal market dynamics:

Over the past three months, there has been a notable 3.46% increase in the average listing price for homes.

Townhomes: Townhomes have seen a 3.84% increase in the average listing price, making them an attractive option for those seeking affordability.

Condos: Condos, while experiencing no change in the average listing price, remain competitively priced in Pickering’s market.

4. Avg SOLD Price Last 3 months
The average sold price for homes, townhomes, and condos in the past three months reflects actual transactions:

Homes in Pickering have seen an average selling price of $1.4 million in the last three months, reflecting the city’s appeal to homebuyers.

The average sold price for townhomes in the past three months is $836.1 thousand, demonstrating steady demand for this housing category.

The condo market in Pickering, while limited in supply, has seen an average sold price of $651.6 thousand in the past three months.

5. Change in Average SOLD Price
Analyzing the change in the average sold price provides insights into market dynamics:

The change in the average sold price for homes reflects a significant 15.67% increase, indicating robust demand and appreciation in property values.

Townhomes have witnessed a 5.33% increase in the average sold price, showcasing the attractiveness of this segment to buyers.

The condo market has seen a substantial 7.66% increase in the average sold price, reflecting strong demand and the potential for investment.

Inventory & SOLD Statistics
In the last 60 days, the Pickering real estate market has been active, with key statistics as follows:

There were 299 new home listings, with 133 homes sold in the same period. The average days on the market for homes is 11 days, and the selling-to-listing price ratio stands at 102.01%. These figures underscore the competitive nature of Pickering’s home market.

Pickering saw 158 new townhome listings and 12 townhomes sold in the last 60 days. The average days on the market for townhomes is 12 days, with a selling-to-listing price ratio of 101.61%. This segment offers efficiency and competitive pricing.

For condos, there were 62 new listings and 18 condos sold in the last 60 days. The average days on the market for condos is 18 days, and the selling-to-listing price ratio is 100.66%. Condos remain a strong component of Pickering’s real estate landscape.

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