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Kitchener vs Waterloo

Side-by-side real estate market comparison, Ontario, Canada

MetricKitchenerWaterloo
Active Listings736474
Sold (12 mo)1,964994
Median Price$678K$700K
Average Price$709K$757K
Avg Days on Market31 days36 days
SP/LP Ratio101%100%
Months of Inventory3.74.4
Above Asking %37%32%
Below Asking %60%63%

Frequently Asked Questions

Is Kitchener or Waterloo more affordable?
The median home price in Kitchener is $678K compared to $700K in Waterloo. Kitchener is currently the more affordable market.
Which city has faster home sales, Kitchener or Waterloo?
Homes in Kitchener sell in an average of 31 days compared to 36 days in Waterloo. Kitchener has a faster-moving market.
Is Kitchener or Waterloo a buyer's market?
Kitchener has 3.7 months of inventory and Waterloo has 4.4. A market with over 6 months of inventory generally favours buyers.
Kitchener Market ReportWaterloo Market ReportAll Ontario Markets