Vaughan Housing Market Report

Vaughan housing market overview

The average home price in Vaughan was $1,240,158 — a 6.55% year-over-year decrease.
The median home price in Vaughan was $1,189,000 — a 4.81% year-over-year decrease.
The average detached home price decreased 6.76% year-over-year to $1,694,227
The average semi-detached home price decreased 5.03% year-over-year to $1,170,752
The average condo townhouse home price decreased 6.50% year-over-year to $859,653
The average condo apartment home price decreased 0.21% year-over-year to $688,993

Average Home Price Trends
Important Market Metrics
Historical Home Prices
Home Price by Property Type

Average home price trends

The average home price across all property types in Vaughan was $1,240,158. Home prices have decreased 6.55% year-over-year compared to the average home price of $1,327,034 the prior year. The average home price across all property types saw a 4.13% month-over-month decrease from the average home price of $1,293,549 the prior month. Here is how the average home price has changed across property types.

Property Type	Average	M/M	Y/Y
Detached	$1,694,227	-6.58%	-6.76%
Semi-Detached	$1,170,752	-0.42%	-5.03%
Condo Townhouse	$859,653	-12.28%	-6.50%
Condo Apartment	$688,993	1.19%	-0.21%

Important Market Metrics

Sales

Total sales in Vaughan were 235 which is a 3.07% increase from 228 sales the prior year. Here is how the sales are broken down by property type:

Detached: 106 — a 0% Y/Y change
Semi-Detached: 21 — a 10.53% Y/Y increase
Condo Townhouse: 8 — a 0% Y/Y change
Condo Apartment: 74 — a 13.85% Y/Y increase

Inventory

The housing inventory in Vaughan is 3.4 months which is up from 3.3 months of inventory the prior month and 2.3 months the prior year. Housing inventory in August 2024 is much higher than the historical 5-year average which is 2.20 months of inventory.

Listings

Vaughan had total new listings of 609 which is a 3.18% Y/Y decrease and 22.42% 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 Vaughan was 39.20% in August 2024. The SNLR indicates a buyers market market with a SNLR ratio that falling below 40%.

Home prices in Vaughan

Prices and statistics are updated for August 2024

All property types

The highest historical average home price in Vaughan was $1,607,591 in February 2022. The highest historical median home price was also in February 2022 which was $1,505,000.

Stat	August 2024	Y/Y Change
Average Price	$1,240,158	-6.55%
Median Price	$1,189,900	-4.81%
Sales	235	+3.07%
New Listings	609	-3.18%
Active Listings	1097	+39.57%

Single-family detached home prices in Vaughan

Stat	August 2024	Y/Y Change
Average Price	$1,694,227	-6.76%
Median Price	$1,524,750	-2.57%
Sales	106	+0.00%
New Listings	253	-3.44%
Active Listings	483	+43.32%

Semi-detached home prices in Vaughan

Stat	August 2024	Y/Y Change
Average Price	$1,170,752	-5.03%
Median Price	$1,180,000	-4.61%
Sales	21	+10.53%
New Listings	32	-20.00%
Active Listings	33	+17.86%

Condo townhouse prices in Vaughan

Stat	August 2024	Y/Y Change
Average Price	$859,653	-6.50%
Median Price	$825,000	-5.77%
Sales	8	+0.00%
New Listings	25	-13.79%
Active Listings	53	+15.22%

Condo prices in Vaughan

Stat	August 2024	Y/Y Change
Average Price	$688,993	-0.21%
Median Price	$645,000	-0.77%
Sales	74	+13.85%
New Listings	221	+12.76%
Active Listings	409	+50.92%

Canada Housing Markets

See the housing markets in Canada broken down at a national, provincial and city level with the following reports

source: TREB