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Mississauga Housing Market Report

By Patrick Ross · Reviewed By Jacob Norris · Last Updated October 8, 2024
Mississauga housing market report

Mississauga housing market overview

  • The average home price in Mississauga was $1,048,914 — a 2.7% year-over-year increase.
  • The median home price in Mississauga was $970,000 — a 3.19% year-over-year increase.
  • The average detached home price increased 1.48% year-over-year to $1,461,044
  • The semi-detached home price decreased -9.59% year-over-year to $980,808
  • The condo townhouse home price decreased -1.31% year-over-year to $786,042
  • The average condo apartment home price decreased -6.09% year-over-year to $612,937

Table of contents

Average home price trends

The average home price across all property types in Mississauga was $1,048,914. Home prices have increased 2.7% year-over-year compared to the average home price of $1,021,324 the prior year. The average home price across all property types saw a 0.42% month-over-month increased from the average home price of $1,044,543 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 $1,461,044 -5.97% +1.48%
Semi-Detached $980,808 -2.36% -9.59%
Condo Townhouse $786,042 +1.61% -1.31%
Condo Apartment $612,937 +1.06% -6.09%

Important Market Metrics

Sales

Mississauga home sales history

Total sales in Mississauga were 453 which is a 17.36% increase from 386 sales the prior year. Here is how the sales are broken down by property type:

  • Detached: 171 — a 22.14% Y/Y increase
  • Semi-Detached: 77 — a 113.89% Y/Y increase
  • Condo Townhouse: 77 — a 6.94% Y/Y increase
  • Condo Apartment: 102 — a -16.39% Y/Y decrease

Inventory

The housing inventory this month is 3.3 months which is up from 3.3 months of inventory the prior month and 2.2 months the prior year. Housing inventory this month is much higher than the historical 5-year average which is 0 months of inventory.

Listings

Mississauga had total new listings of 1514 which is a 4.92% Y/Y increase and 29.51% M/M increase.

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 Mississauga was 40.1% in August 2024. The SNLR indicates a buyers market market with a SNLR ratio that falling below 40%.

Home prices in Mississauga

Mississauga historical home prices

All property types

The highest historical average home price in Mississauga was $1,070,000.

Stat August 2024 Y/Y Change
Average Price $1,048,914 +2.7%
Median Price $970,000 +3.19%
Sales 453 +17.36%
New Listings 1514 +4.92%
Active Listings 2199 +28.75%

Single-family detached home prices in Mississauga

Stat August 2024 Y/Y Change
Average Price $1,461,044 +1.48%
Median Price $1,338,001 +0.79%
Sales 171 +22.14%
New Listings 604 +11.85%
Active Listings 830 +32.38%

Semi-detached home prices in Mississauga

Stat August 2024 Y/Y Change
Average Price $980,808 -9.59%
Median Price $970,000 -9.39%
Sales 77 +113.89%
New Listings 148 +12.12%
Active Listings 172 +20.28%

Condo townhouse prices in Mississauga

Stat August 2024 Y/Y Change
Average Price $786,042 -1.31%
Median Price $770,000 -4.35%
Sales 77 +6.94%
New Listings 241 -3.6%
Active Listings 352 +22.65%

Condo apartment prices in Mississauga

Stat August 2024 Y/Y Change
Average Price $612,937 -6.09%
Median Price $557,000 -8.84%
Sales 102 -16.39%
New Listings 458 -1.72%
Active Listings 763 +27.81%

source: TBREB; CREA