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Pickering Housing Market Report

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

Pickering housing market overview

  • The average home price in Pickering was $965,665 — a 2.28% year-over-year increase.
  • The median home price in Pickering was $910,251 — a 5.84% year-over-year increase.
  • The average detached home price decreased -4.56% year-over-year to $1,186,193
  • The semi-detached home price increased 13.49% year-over-year to $935,993
  • The condo townhouse home price increased 5.35% year-over-year to $880,393
  • The average condo apartment home price increased 2.12% year-over-year to $613,000

Table of contents

Average home price trends

The average home price across all property types in Pickering was $965,665. Home prices have increased 2.28% year-over-year compared to the average home price of $944,130 the prior year. The average home price across all property types saw a -4.58% month-over-month decreased from the average home price of $1,012,060 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 $1,186,193 -6.97% -4.56%
Semi-Detached $935,993 +2.39% +13.49%
Condo Townhouse $880,393 +4.23% +5.35%
Condo Apartment $613,000 +3.01% +2.12%

Important Market Metrics

Sales

Total sales in Pickering were 140 which is a 70.73% increase from 82 sales the prior year. Here is how the sales are broken down by property type:

  • Detached: 62 — a 72.22% Y/Y increase
  • Semi-Detached: 11 — a 10% Y/Y increase
  • Condo Townhouse: 33 — a 450% Y/Y increase
  • Condo Apartment: 14 — a 16.67% Y/Y increase

Inventory

The housing inventory this month is 2.5 months which is up from 2.5 months of inventory the prior month and 1.8 months the prior year. Housing inventory this month is much higher than the historical 5-year average which is 0 months of inventory.

Listings

Pickering had total new listings of 218 which is a 26.01% Y/Y increase and -28.76% 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 Pickering was 45.2% 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 Pickering was $0. The highest historical median home price was $0.

Stat August 2024 Y/Y Change
Average Price $965,665 +2.28%
Median Price $910,251 +5.84%
Sales 140 +70.73%
New Listings 218 +26.01%
Active Listings 313 +26.21%

Single-family detached home prices in Pickering

Stat August 2024 Y/Y Change
Average Price $1,186,193 -4.56%
Median Price $1,186,000 -0.84%
Sales 62 +72.22%
New Listings 100 +29.87%
Active Listings 150 +25%

Semi-detached home prices in Pickering

Stat August 2024 Y/Y Change
Average Price $935,993 +13.49%
Median Price $930,000 +12.12%
Sales 11 +10%
New Listings 11 +57.14%
Active Listings 14 +100%

Condo townhouse prices in Pickering

Stat August 2024 Y/Y Change
Average Price $880,393 +5.35%
Median Price $872,500 +2.41%
Sales 33 +450%
New Listings 40 +25%
Active Listings 53 +23.26%

Condo apartment prices in Pickering

Stat August 2024 Y/Y Change
Average Price $613,000 +2.12%
Median Price $571,250 +4.62%
Sales 14 +16.67%
New Listings 35 +52.17%
Active Listings 49 +81.48%

Other housing market reports across the greater Toronto area:

Toronto

Halton Region

Peel Region

York Region

Durham Region

Dufferin County

Simcoe County

source: TREB