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Kitchener vs Waterloo

Side-by-side Real Estate market comparison, Ontario, Canada

MetricKitchenerWaterloo
Active Listings739405
Sold (12 mo)1,8841,022
Median Price$668K$695K
Average Price$697K$748K
Avg Days on Market31 days35 days
SP/LP Ratio101%100%
Months of Inventory5.44.8
Above Asking %36%33%
Below Asking %60%62%

Frequently Asked Questions

Is Kitchener or Waterloo more affordable?
The median home price in Kitchener is $668K compared to $695K 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 35 days in Waterloo. Kitchener has a faster-moving market.
Is Kitchener or Waterloo a buyer's market?
Kitchener has 5.4 months of inventory and Waterloo has 4.8. A market with over 6 months of inventory generally favours buyers.
Kitchener Market ReportWaterloo Market ReportAll Ontario Markets

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