Pickering market report · November 2024
Pickering housing market: November 2024
Pickering housing market in November 2024: $965,665 average sale price (up 2.3% year over year), 140 homes sold, 2.5 months of supply — a balanced market. Figures from the Toronto Regional Real Estate Board.
What happened in Pickering in November 2024
Pickering recorded 140 sales in November 2024, 70.7% more than the same month a year earlier. Sellers brought 218 new listings to market, leaving 313 properties in inventory — 26.2% more than a year ago. At the month's pace of sales that is 2.5 months of supply, which puts Pickering in a balanced market. 45% of the month's new listings sold.
The average sale price across all property types was $965,665, up 2.3% year over year and down 4.6% on the month. Detached homes averaged $1,186,193 against $613,000 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 November 2024
By property type
| Type | Average sale price | YoY | Sold | New listings | Inventory |
|---|---|---|---|---|---|
| Detached | $1,186,193 | -4.6% | 62 | 100 | 150 |
| Semi-detached | $935,993 | +13.5% | 11 | 11 | 14 |
| Row / townhouse | $880,393 | +5.4% | 33 | 40 | 53 |
| Apartment | $613,000 | +2.1% | 14 | 35 | 49 |
| All types | $965,665 | +2.3% | 140 | 218 | 313 |
Source: the Toronto Regional Real Estate Board, Pickering, November 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.