Waterloo Real Estate Market Trends and Average Listings Price

Waterloo, often celebrated for its tech hub and educational institutions, is also home to a dynamic real estate market. current Waterloo MLS® stats indicate an average house price of $861,020 and 189 new listings in the last 28 days. As of today, Waterloo housing data shows median days on the market for a home is 15 days.

1. Listings on Market:
Waterloo real estate market offers a variety of housing options, including homes, townhomes, and condos.

Waterloo currently boasts 135 homes listed on the market, providing diverse choices for residents and newcomers alike. These homes offer a blend of comfort and modern living.
For those seeking townhome living, Waterloo offers 42 listings, showcasing the appeal of this housing style for those who desire convenience and community living.

Condos present 162 options for those looking for compact and maintenance-free living arrangements.

2. Average Listings Price Last month:
The average listing prices for homes, townhomes, and condos in the past three months provide insights into the affordability and value of these properties:

The average listing price for homes in the last three months stands at $1.1 million, demonstrating the allure of Waterloo’s residential offerings.

Townhomes, often favoured for their balance of space and affordability, have an average listing price of $647.6 thousand over the same period.

Condos maintain their affordability in Waterloo, with an average listing price of $533.6 thousand in the past three months.

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

Over the past three months, there has been no change in the average listing price for homes, reflecting stability and consistent demand. Townhomes have seen a 4.71% increase in the average listing price, indicating growing interest in this housing segment. Condos have experienced a 1.6% increase in the average listing price, reflecting modest growth in demand.

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

Homes in Waterloo have seen an average selling price of $1.1 million in the last three months, underscoring the city’s appeal to homebuyers.
The average sold price for townhomes in the past three months is $673.9 thousand, demonstrating growing demand for this housing category. The condo market in Waterloo has seen a 4.73% increase in the average sold price, indicating a growing market.

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 5.37% increase, indicating robust demand and appreciation in property values.

Townhomes have witnessed a 5.86% increase in the average sold price, showcasing the attractiveness of this segment to buyers. The condo market has experienced significant growth, with a 4.73% increase in the average sold price, reflecting a robust market.

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

There were 416 new home listings, with 87 homes sold in the same period. The average days on the market for homes is 14 days, and the selling-to-listing price ratio stands at 101.46%. These figures highlight the competitive nature of Waterloo’s home market.

Waterloo saw 120 new townhome listings and 29 townhomes sold in the last 60 days. The average days on the market for townhomes is 15 days, with a selling-to-listing price ratio of 101.6%. This segment offers efficiency and competitive pricing.

For condos, there were 222 new listings and 53 condos sold in the last 60 days. The average days on the market for condos is 26 days, and the selling-to-listing price ratio is 99.88%. Condos remain a strong component of Waterloo’s real estate landscape.

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