Pickering market report · May 2025
Pickering housing market: May 2025
Pickering housing market in May 2025: $991,759 average sale price (down 2.7% year over year), 125 homes sold, 3.1 months of supply — a balanced market. Figures from the Toronto Regional Real Estate Board.
What happened in Pickering in May 2025
Pickering recorded 125 sales in May 2025, 0.0% fewer than the same month a year earlier. Sellers brought 371 new listings to market, leaving 482 properties in inventory — 61.7% more than a year ago. At the month's pace of sales that is 3.1 months of supply, which puts Pickering in a balanced market. 40% of the month's new listings sold.
The average sale price across all property types was $991,759, down 2.7% year over year and down 2.5% on the month. Detached homes averaged $1,262,427 against $609,452 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 May 2025
By property type
| Type | Average sale price | YoY | Sold | New listings | Inventory |
|---|---|---|---|---|---|
| Detached | $1,262,427 | -1.4% | 61 | 189 | 257 |
| Semi-detached | $831,111 | -9.4% | 9 | 13 | 21 |
| Row / townhouse | $849,550 | -4.8% | 20 | 52 | 47 |
| Apartment | $609,452 | +3.3% | 23 | 55 | 77 |
| All types | $991,759 | -2.7% | 125 | 371 | 482 |
Source: the Toronto Regional Real Estate Board, Pickering, May 2025.
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.