Brampton, a vibrant city in the Greater Toronto Area, is known for its diverse community, cultural richness, and dynamic real estate market. Current Brampton MLS® stats indicate an average house price of $1,191,156 and 1001 new listings in the last 28 days. As of today, Brampton housing data shows median days on the market for a home is 15 days.
1. Listings on the Market
Brampton’s real estate market offers a wide range of housing options, including homes, townhomes, and condos.
Brampton currently boasts a substantial 1,056 homes listed on the market, reflecting a city that welcomes both buyers and sellers. For those interested in townhomes, Brampton offers 301 listings, providing numerous choices for potential buyers.
Condos provide an excellent option for those looking for convenient living, with 128 listings available in Brampton’s market.
2. Avg Listings Price Last 3 months
The average listing price for homes, townhomes, and condos in the past three months provides insight into the affordability and value of these properties:
The average listing price for homes in the last three months stands at $1.3 million, reflecting the premium nature of this housing category. Brampton’s demand for homes is driven by factors such as excellent schools, community amenities, and accessibility to major employment centres. Townhomes offer an attractive option with an average listing price of $863.6 thousand over the same period.
Condos maintain their affordability with an average listing price of $585.2 thousand in the past three months. The condo market in Brampton is a dynamic mix of urban living and convenience.
3. Change in Average Listing Price
Understanding the change in average listing price can shed light on the evolving real estate market:
Over the past three months, there has been a 2.26% increase in the average listing price for homes, indicating the growing value of properties in Brampton. This rise is driven by a combination of factors, including strong demand, limited inventory, and the city’s appeal.
Townhomes have experienced a 2.73% increase in the average listing price, making them an attractive option for potential buyers.
Condos have witnessed a minor 0.04% increase in the average listing price, offering excellent value to buyers.
4. Avg SOLD Price Last 3 months
Homes in Brampton have seen an average selling price of $1.2 million in the last three months.
The average sold price for townhomes in the past three months is $874.9 thousand, demonstrating steady demand. This price point appeals to buyers seeking a balance between affordability and the benefits of townhome living.
Condos have had an average sold price of $586.6 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, reflecting a 4.82% increase, further highlights the robust nature of the housing market for homes. The townhomes market has witnessed a 4.03% increase in the average sold price, indicating a healthy appreciation in value. Buyers in this segment can expect their investments to appreciate over time.
The condo market has seen a substantial 4.38% increase in the average sold price, reflecting strong demand for this housing category.
Inventory & SOLD Statistics
In the last 60 days, the Brampton real estate market has been active, with key statistics as follows:
There were 2,197 new home listings, with 720 homes sold in the same period. The average days on the market for homes is 13 days, and the selling-to-listing price ratio stands at an impressive 100.64%.
Brampton saw 609 new townhome listings and 214 townhomes sold in the last 60 days. The average days on the market for townhomes is 14 days, with a selling-to-listing price ratio of 100.75%. For condos, there were 211 new listings and 71 condos sold in the last 60 days. The average days on the market for condos is 20 days, and the selling-to-listing price ratio is 99.86%.ve ratio.
Real Estate Market Trends and Average Listings Price in Brampton in November
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