GTA Housing Market Report — May 2024
Across the 2,428 sales we analysed, the median GTA home sold for $1.12M, selling at 102.4% of asking on average after 16 days on market.
Source: HouseIndex analysis of TRREB MLS® sold data by the date each sale went firm · 21 GTA municipalities
TRREB's official figures for May 2024
TRREB usually publishes its Market Watch in the first week of the following month. Its headline figures will appear here automatically once released. TRREB Market Watch
Key takeaways for May 2024
- Homes sold fastest in Whitby, averaging 11 days on market.
- The GTA detached median ($1.38M) was 2.1× the condo apartment median ($659K).
Only cities with at least 40 sales in the month are ranked.
GTA prices by home type — May 2024
| Property type | Median sold | May 2023 | Change |
|---|---|---|---|
| Detached | $1.38M | — | — |
| Semi-detached | $1.09M | — | — |
| Townhouse | $897K | — | — |
| Condo apartment | $659K | — | — |
GTA home prices by city — May 2024
| City | Sold | Median | YoY | Sale-to-list | Days on market |
|---|---|---|---|---|---|
| Toronto | 865 | $1.07M | — | 103.6% | 16 |
| Mississauga | 250 | $1.06M | — | 100.2% | 17 |
| Brampton | 206 | $985K | — | 100.1% | 17 |
| Vaughan | 131 | $1.43M | — | 101.1% | 16 |
| Oakville | 129 | $1.70M | — | 99.1% | 16 |
| Burlington | 106 | $1.19M | — | 99.4% | 15 |
| Milton | 100 | $1.08M | — | 102.1% | 15 |
| Markham | 91 | $1.33M | — | 104.6% | 18 |
| Whitby | 81 | $980K | — | 104.6% | 11 |
| Oshawa | 76 | $818K | — | 108.3% | 12 |
| Richmond Hill | 75 | $1.43M | — | 103.9% | 19 |
| Pickering | 51 | $1000K | — | 105.2% | 11 |
| Ajax | 51 | $950K | — | 106.5% | 13 |
| Newmarket | 39 | $1.12M | — | 102.2% | 15 |
| Halton Hills | 39 | $990K | — | 97.8% | 19 |
| Caledon | 33 | $1.29M | — | 98.9% | 22 |
| East Gwillimbury | 32 | $1.23M | — | 99.2% | 18 |
| Aurora | 26 | $1.27M | — | 103.5% | 12 |
| Georgina | 24 | $891K | — | 98.8% | 20 |
| Whitchurch-Stouffville | 16 | $1.41M | — | 105.1% | 16 |
| King | 7 | $1.70M | — | 100.1% | 16 |
How this compares with TRREB's official numbers
The Toronto Regional Real Estate Board (TRREB) publishes its official monthly Market Watch report, usually in the first week of the following month. This HouseIndex report is an independent analysis of the same TRREB MLS® sold records, adding city-by-city and property-type detail.
Our figures will not match TRREB exactly: we cover 21 core GTA municipalities, count each sale in the month it went firm, exclude sales under $100,000 plus vacant land and farms, and use medians rather than averages or TRREB's benchmark (HPI) price. The newest months are recalculated as late-reported sales arrive, so their sales counts rise over the following weeks.
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Past GTA monthly reports
What does this mean for your move?
Talk to Vick Yogeswaran, REALTOR® with RE/MAX Realtron Realty, for a read on your city and price range.