Pickering market report · December 2024
Pickering housing market: December 2024
Pickering housing market in December 2024: $984,991 average sale price (down 2.0% year over year), 68 homes sold, 2.6 months of supply — a balanced market. Figures from the Toronto Regional Real Estate Board.
What happened in Pickering in December 2024
Pickering recorded 68 sales in December 2024, 12.8% fewer than the same month a year earlier. Sellers brought 81 new listings to market, leaving 206 properties in inventory — 53.7% 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. 45% of the month's new listings sold.
The average sale price across all property types was $984,991, down 2.0% year over year and up 2.0% on the month. Detached homes averaged $1,185,855 against $576,700 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 | $1,185,855 | -8.6% | 38 | 36 | 93 |
| Semi-detached | $812,750 | -1.1% | 4 | 6 | 11 |
| Row / townhouse | $863,000 | -0.7% | 10 | 11 | 34 |
| Apartment | $576,700 | -0.7% | 7 | 13 | 36 |
| All types | $984,991 | -2.0% | 68 | 81 | 206 |
Source: the Toronto Regional Real Estate Board, Pickering, December 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.