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Ajax Housing Market Report

By Patrick Ross · Reviewed By Jacob Norris · Last Updated December 4, 2024
Ajax housing market report

Ajax housing market overview

  • The average home price in Ajax was $960,700 — a -2.86% year-over-year decrease.
  • The median home price in Ajax was $888,000 — a -2.68% year-over-year decrease.
  • The average detached home price increased 1% year-over-year to $1,088,906
  • The semi-detached home price increased 1.89% year-over-year to $850,750
  • The condo townhouse home price increased 0.1% year-over-year to $809,333
  • The average condo apartment home price increased 46.78% year-over-year to $774,980

Table of contents

Average home price trends

The average home price across all property types in Ajax was $960,700. Home prices have decreased -2.86% year-over-year compared to the average home price of $988,956 the prior year. The average home price across all property types saw a 2.58% month-over-month increased from the average home price of $936,566 the prior month. Here is how the average home price has changed across property types.

Read More: Toronto (GTA) Home Prices

Property Type Average M/M Y/Y
Detached $1,088,906 +6.66% +1%
Semi-Detached $850,750 +2.09% +1.89%
Condo Townhouse $809,333 -6.15% +0.1%
Condo Apartment $774,980 +28.52% +46.78%

Important Market Metrics

Sales

Total sales in Ajax were 96 which is a 50% increase from 64 sales the prior year. Here is how the sales are broken down by property type:

  • Detached: 55 — a 14.58% Y/Y increase
  • Semi-Detached: 6 — a 500% Y/Y increase
  • Condo Townhouse: 21 — a 162.5% Y/Y increase
  • Condo Apartment: 5 — a 150% Y/Y increase

Inventory

The housing inventory this month is 2 months which is up from 2 months of inventory the prior month and 1.4 months the prior year. Housing inventory this month is much higher than the historical 5-year average which is 0 months of inventory.

Listings

Ajax had total new listings of 150 which is a -19.35% Y/Y decrease and -33.92% M/M decrease.

Sales-to-new-Listings Ratio

The sales-to-new listing ratio is an important metric as it helps us to understand the balance of supply and demand in the housing market which helps determine who has the majority of negotiating power in the housing market. The sales-to-new-listings ratio (SNLR) in Ajax was 50.7% in August 2024. The SNLR indicates a buyers market market with a SNLR ratio that falling below 40%.

All property types

The highest historical average home price in Ajax was $0. The highest historical median home price was $0.

Stat August 2024 Y/Y Change
Average Price $960,700 -2.86%
Median Price $888,000 -2.68%
Sales 96 +50%
New Listings 150 -19.35%
Active Listings 201 +1.01%

Single-family detached home prices in Ajax

Stat August 2024 Y/Y Change
Average Price $1,088,906 +1%
Median Price $1,040,000 +2.46%
Sales 55 +14.58%
New Listings 83 -24.55%
Active Listings 115 +3.6%

Semi-detached home prices in Ajax

Stat August 2024 Y/Y Change
Average Price $850,750 +1.89%
Median Price $853,750 +2.25%
Sales 6 +500%
New Listings 16 +128.57%
Active Listings 16 +128.57%

Condo townhouse prices in Ajax

Stat August 2024 Y/Y Change
Average Price $809,333 +0.1%
Median Price $815,000 -2.28%
Sales 21 +162.5%
New Listings 31 -29.55%
Active Listings 40 -20%

Condo apartment prices in Ajax

Stat August 2024 Y/Y Change
Average Price $774,980 +46.78%
Median Price $555,000 +5.11%
Sales 5 +150%
New Listings 12 +50%
Active Listings 16 +45.45%

Other housing market reports across the greater Toronto area:

Toronto

Halton Region

Peel Region

York Region

Durham Region

Dufferin County

Simcoe County

source: TREB