Ajax market report · December 2024
Ajax housing market: December 2024
Ajax housing market in December 2024: $915,709 average sale price (up 0.3% year over year), 53 homes sold, 2.0 months of supply — a balanced market. Figures from the Toronto Regional Real Estate Board.
What happened in Ajax in December 2024
Ajax recorded 53 sales in December 2024, 23.2% fewer than the same month a year earlier. Sellers brought 65 new listings to market, leaving 133 properties in inventory — 14.7% more than a year ago. At the month's pace of sales that is 2.0 months of supply, which puts Ajax in a balanced market. 50% of the month's new listings sold.
The average sale price across all property types was $915,709, up 0.3% year over year and down 4.7% on the month. Detached homes averaged $1,067,224 against $509,375 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 December 2024
By property type
| Type | Average sale price | YoY | Sold | New listings | Inventory |
|---|---|---|---|---|---|
| Detached | $1,067,224 | +8.3% | 25 | 34 | 76 |
| Semi-detached | $804,900 | -13.5% | 5 | 6 | 16 |
| Row / townhouse | $893,500 | +5.5% | 12 | 13 | 24 |
| Apartment | $509,375 | -3.0% | 4 | 6 | 12 |
| All types | $915,709 | +0.3% | 53 | 65 | 133 |
Source: the Toronto Regional Real Estate Board, Ajax, December 2024.
What this means if you're buying in Ajax
Market conditions shape the negotiation; your income, debts and the stress test decide what you can actually borrow. In a market this tight the practical risk is being pushed to write without a financing condition. That is a genuine gamble — if the appraisal comes in low or an underwriter questions something, the deposit is at stake. The way to compete safely is to have the file fully underwritten in advance, so a short condition is a formality rather than a hope. A pre-approval that is just a rate hold does not achieve this; a properly underwritten one does.
Read the full Ajax area guide, compare it with the wider GTA market, or run your numbers and start an application.
Buying in Ajax?
Get a real pre-approval before you shop — it's the difference between a budget and a guess.