Pickering market report · September 2024
Pickering housing market: September 2024
Pickering housing market in September 2024: $995,768 average sale price (up 2.3% year over year), 86 homes sold, 2.6 months of supply — a balanced market. Figures from the Toronto Regional Real Estate Board.
What happened in Pickering in September 2024
Pickering recorded 86 sales in September 2024, 11.7% more than the same month a year earlier. Sellers brought 316 new listings to market, leaving 414 properties in inventory — 53.9% more than a year ago. At the month's pace of sales that is 2.6 months of supply, which puts Pickering in a balanced market. 42% of the month's new listings sold.
The average sale price across all property types was $995,768, up 2.3% year over year and up 1.5% on the month. Detached homes averaged $1,249,486 against $567,617 for condo apartments — the gap that decides which side of the $1.5 million insured-financing cap a purchase here falls on.
The two years to September 2024
By property type
| Type | Average sale price | YoY | Sold | New listings | Inventory |
|---|---|---|---|---|---|
| Detached | $1,249,486 | +0.2% | 43 | 161 | 195 |
| Semi-detached | $848,050 | -6.6% | 8 | 23 | 21 |
| Row / townhouse | $890,000 | +0.1% | 10 | 40 | 73 |
| Apartment | $567,617 | -8.6% | 11 | 30 | 51 |
| All types | $995,768 | +2.3% | 86 | 316 | 414 |
Source: the Toronto Regional Real Estate Board, Pickering, September 2024.
What this means if you're buying in Pickering
Market conditions shape the negotiation; your income, debts and the stress test decide what you can actually borrow. The north end runs into rural lending rules — well and septic, limited acreage valuation, and greenbelt restrictions that can affect what a property may be used for and therefore how it appraises. In the south, the newer condo supply near the GO station raises the same maintenance-fee point as Square One: a high monthly fee reduces borrowing capacity, because lenders count a share of it against you.
Read the full Pickering area guide, compare it with the wider GTA market, or run your numbers and start an application.
Buying in Pickering?
Get a real pre-approval before you shop — it's the difference between a budget and a guess.