The Windsor housing market has seen year-over-year increases across their average and median home price — with a year-over-year decrease on their benchmark home price. Home sales in July 2024 matched those of July 2023 with the majority of homes selling in the $300K-$700K price range. Months of inventory continues to increase as it reaches levels much higher than the historical average.
Windsor Housing Market Summary | July 2024
- The average home price in Windsor is $599,248 — which is a year-over-year increase of 8.15%
- The median home price in Windsor is $535,000 — which is a year-over-year increase of 2.88%
- The benchmark home price in Windsor is $582,000 — which is a year-over-year decrease of 2.20%
- Home sales totalled 467 which is the same as the prior year period
- Months of inventory reached 3.5 months at the end of July 2024
Market Activity
Windsor had total available listings of 1,291 in July which is a 20.65% year-over-year increase over the 1,070 listings in July 2023. The available listings year-to-date are up 10.96% with total listings of 7004.
Home sales in July totalled 467 which was the same sames as the prior year. When looking at total year-to-date residential sales for Window there is a year-over-year decrease of 2.32% with total home sales of 3033 in July 2024.
Windsor average & median home prices
The average home price in Windsor was $599,248 in July 2024. Home prices in Windsor are trending upwards with a month-over-month increase of 4.77% when compared to the prior month average home price of $571,952. On a year-over-year basis the average home price in Windsor has increased 8.15% from an average home price of $554,081. The average home price in January 2024 was $517,187 for an increase of 15.87% year-over-year.
Windsor had a median home price of $540,754 in July 2024 — which is $58,494 lower compared to the average home price. Home prices continue to trend upwards in Windsor with the median home price increasing 5.51% year-over-year from $512,500 the year prior.
Price range of homes sold
Home sales in Windsor totalled 467 in July 2024 with 347 home sales sold with a closing price between $300K to $700K. The 347 home sales are make up of 127 home sales priced between $420K-$549K, 109 home sales priced between $550K-$699K, 58 home sales priced between $360K-$419K; and 53 home sales between $300K-$359K.
Windsor inventory
Home inventory reached 3.5 months at the end of July 2024 which is an increase for the 3.1 months recorded the prior year. Months of inventory is also higher than the historical average of 2.4 months inventory for this time period.
- Canada housing market report
- Calgary housing market report
- Edmonton housing market report
- Hamilton housing market report
- Markham housing market report
- Ontario housing market report
- Ottawa housing market report
- Toronto housing market report
- Vancouver housing market report
- Waterloo housing market report
source: WECAR; CREA