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Southgate, Ontario Real Estate Market Report

Grey County, Ontario, Canada · Market data as of

Buyer's Market
SellerBalancedBuyer
6.9 mo
Buyer's Market

Southgate is currently a buyer’s market with 6.9 months of inventory and a median sale price of $595K. Higher inventory gives buyers more options and room to negotiate.

Most market reports are old by the time you read them. Boards publish monthly, usually two weeks after the month closes. Every figure on this page is calculated daily from live MLS data, so you're seeing today's market, not last month's summary.

Based on 148 sales and 105active listings · Data refreshes every morning

BWhat This Means for Buyers

With 6.9 months of inventory, buyers have more options and negotiating power in Southgate.

There are 105 active listings to choose from, giving you time to find the right fit.

Prices have been trending down, which may create opportunities for patient buyers.

SWhat This Means for Sellers

Higher inventory means sellers need to work harder to stand out in Southgate.

Homes are selling at 96% of list price — pricing accurately from day one is critical.

148 homes sold in the past 12 months. Presentation and pricing strategy matter more in this environment.

Filters apply to statistics and charts below. Other sections show all property types.

0
Active Listings
0
Sold (12 mo)
$0
Median Price
0 days
Avg DOM
+4.7% 30d
0%
SP/LP Ratio
0.0
Months of Inventory
Updated daily
$638K
Average Price
Influenced by outliers
$595K
Median Price
Middle value of all sales
$826K
Benchmark Price
Tracks a typical home (CREA HPI)
$24K
Median Bid Delta
11%
Sold Above Asking
84%
Sold Below Asking

Prices have been trending downward over the past 12 months. Here's how that breaks down across price ranges and time.

Price Trends

$826KBenchmark-5.1% YoY
↓ Prices Trending Down
HPI Trend Median Average
Price trend data: Jun 25: Median $633,000, Average $742,666, HPI Trend $527,748; Jul 25: Median $646,000, Average $642,111, HPI Trend $526,231; Aug 25: Median $661,000, Average $722,779, HPI Trend $524,883; Sep 25: Median $550,000, Average $684,015, HPI Trend $522,356; Oct 25: Median $540,000, Average $619,533, HPI Trend $521,513; Nov 25: Median $620,000, Average $572,885, HPI Trend $518,986; Dec 25: Median $560,000, Average $672,429, HPI Trend $515,953; Jan 26: Median $585,000, Average $594,450, HPI Trend $510,898; Feb 26: Median $620,000, Average $672,857, HPI Trend $507,359; Mar 26: Median $495,000, Average $539,000, HPI Trend $504,663; Apr 26: Median $505,000, Average $522,800, HPI Trend $505,000; May 26: Median $550,000, Average $667,632; Jun 26: Median $597,500, Average $597,500

Price Distribution

Price distribution: $60K–$380K: 11 properties, $380K–$700K: 103 properties, $700K–$1.0M: 21 properties, $1.0M–$1.3M: 7 properties, $1.3M–$1.7M: 5 properties, $1.7M–$2.0M: 0 properties, $2.0M–$2.3M: 0 properties, $2.3M–$2.6M: 1 properties

Days on Market Distribution

Days on market distribution: 1–7 days: 14 properties, 8–14 days: 11 properties, 15–30 days: 33 properties, 31–60 days: 47 properties, 61–90 days: 26 properties, 90+ days: 17 properties

How fast are homes selling?

Average days on market over time. Lower numbers mean homes are selling faster.

Under 20 = Hot Market Over 60 = Slow Market

How does this month compare?

Month-over-month and year-over-year changes in key metrics.

MetricCurrentLast MonthMoMSame Month Last YearYoY
Median Price$598K$550K+8.6%$633K-5.6%
Sales Count219-89.5%9-77.8%
Avg DOM6663+4.8%33+100%

The monthly stats tell one story. The daily trajectory tells another — here's how inventory is moving day by day.

Daily Market Trajectory

Updated daily

Most market reports use 30-day rolling averages. By the time you see a shift, it already happened weeks ago. This chart tracks inventory daily so you can spot trajectory changes as they happen.

Under 4 mo = Seller'sOver 6 mo = Buyer's

Speed and competitiveness are two sides of the same coin. Here's how aggressively homes are trading.

How competitive is this market?

Absorption rate and sale-to-list price ratio show how aggressively homes are trading.

Absorption Rate SP/LP Ratio
Dual-axis chart showing absorption rate (area, left axis) and sale-to-list price ratio (line, right axis) over time.

Just Listed

Just Sold

Want a Detailed Analysis?

Contact Jeff Chisholm for a personalized market analysis of Southgate and surrounding areas.

Jeff Chisholm, Sales Representative
Chisholm Real Estate Team
Direct Realty Ltd., Brokerage

Get in Touch

Market Pulse Score

76
Buyer's Market

Driving factor: Absorption rate (0.1)

MOI
25%
Absorption
20%
SP/LP
20%
DOM
15%
Price Cuts
10%

Frequently Asked Questions

What is the average home price in Southgate, Ontario?
The median home price in Southgate, Ontario is $595K based on 148 sales over the past 12 months. The average price is $638K. There are currently 105 active listings in Southgate.
Is Southgate a buyer's or seller's market?
Southgate is currently a buyer's market with 6.9 months of inventory. Higher inventory gives buyers more options and negotiating leverage.
How long do homes take to sell in Southgate?
Homes in Southgate take an average of 51 days to sell (days on market). The median days on market is 39. This is a moderate pace, typical of a balanced market.
What is the months of inventory in Southgate?
Southgate currently has 6.9 months of inventory, calculated daily from live listing data. Months of inventory measures how long it would take to sell all current listings at the current sales rate. Under 4 months typically indicates a seller's market, while over 6 months indicates a buyer's market.
How much do homes sell above or below asking in Southgate?
In Southgate, the median sale price is $24K below asking price. 11% of homes sold above asking and 84% sold below asking over the past 12 months. The sale-price-to-list-price ratio is 96%.
What are the real estate market trends in Southgate, Ontario?
The Southgate real estate market has prices trending downward with a median price of $598K in the most recent month. Prices changed +8.6% compared to the previous month. There were 2 sales in the month with an average of 66 days on market.

Current Mortgage Rates in Ontario

1 year fixed

2.50%

Bank of Canada Posted Rate

3 year fixed

5.19%

Bank of Canada Posted Rate

5 year fixed

6.09%

Bank of Canada Posted Rate

Prime (variable)

2.65%

Posted rates from Bank of Canada · Updated June 5, 2026

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Jeff Chisholm, Sales Representative, Chisholm Real Estate Team, Direct Realty Ltd., Brokerage

CREA Member
Direct Realty Ltd., Brokerage
MLS Data Provider
RECO Registered
How We Calculate These Statistics

Data source: Statistics are calculated from MLS listing data provided under license from the Canadian Real Estate Association (CREA) and participating real estate boards.

Months of Inventory (MOI):Active listings divided by the monthly sales rate for the selected period (1, 3, 6, or 12 months). Under 4 months generally indicates a seller's market; over 6 months indicates a buyer's market.

SP/LP Ratio: Sale Price to List Price ratio calculated as the median of (sale price / list price) across all sold properties with valid pricing data.

Home Price Index (HPI):CREA's aggregate composite benchmark index tracking price changes for a typical home, adjusted for property mix differences over time.

Update frequency: Data refreshes every 30 minutes via Incremental Static Regeneration (ISR). Daily snapshot metrics update once per day.

Coverage: Includes all residential property types listed on the MLS for Southgate and surrounding areas.

View All Active ListingsView All Sold ListingsHome Value EstimateReal Estate GlossaryAll Ontario Markets

Jeff Chisholm, Sales Representative

Chisholm Real Estate Team at Direct Realty Ltd., Brokerage

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Data provided by REintel. Statistics are aggregated from MLS data under license. Reproduction or redistribution of this data is prohibited without written consent. The listing data is deemed reliable but is not guaranteed accurate by the Canadian Real Estate Association (CREA).

REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS, Multiple Listing Service and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.