Waterloo Region Real Estate Market Update Sep 2025
Waterloo Region Real Estate Market Update: September 2025 Analysis
Kitchener-Waterloo-Cambridge housing market continued to rebalance in September 2025—more inventory, softer pricing, and a more balanced market for buyers and sellers across Waterloo Region.
Watch Full Market Analysis (Waterloo Region, Sept 2025)
September 2025 Market Overview: Key Takeaways
📊 Market Snapshot at a Glance — Waterloo Region Real Estate
Breaking Down September 2025 Sales by Property Type
🏠 Detached Homes
Average Sale Price: $858,872
▼ 5.9% YoY • ▲ 1.4% MoM • 325 sales (▼ 4.1% YoY)
Read: Still the priciest segment; stabilizing with ~3.3 months of supply. Well-priced, desirable homes draw activity.
🏘️ Townhouses
Average Sale Price: $606,871
▲ 1.7% YoY • ▲ 1.8% MoM • 91 sales (▼ 5.2% YoY)
Read: The resilient middle; ~4.8 months of supply. Strong for first-timers and downsizers.
🏢 Condominiums
Average Sale Price: $442,086
▼ 8.9% YoY • ▲ 2.0% MoM • 51 sales (▼ 13.6% YoY)
Read: Most affordable entry; 7.3 MOS = buyer’s market. University/tech-adjacent units remain competitive.
🏡 Semi-Detached
Average Sale Price: $621,026
▼ 5.1% YoY • ▲ 0.5% MoM • 34 sales (▲ 6.3% YoY)
Read: Value play between towns and detached; growing interest from budget-minded families.
Understanding Market Conditions
The Shift to Balance
A healthy correction after the frenzy—more sustainable, not a crash.
Inventory Tells the Story
1,469 new listings (▲ 11.0% YoY; ▲ 32.9% vs 10-year avg) and 2,094 total active (▲ 22.2% YoY; ▲ 79.5% vs 10-year avg of 1,167).
For Buyers
- More selection, less competition
- Negotiation leverage on price/terms
- Time to inspect and decide
For Sellers
- Stand out with price + presentation
- Digital marketing matters more
- Be flexible on dates/terms
MLS® Home Price Index (HPI): Benchmark Prices
Kitchener–Waterloo (September 2025)
| Property Type | Benchmark Price | Monthly Change | YoY Change |
|---|---|---|---|
| Composite | $673,100 | ▼ 0.3% | ▼ 7.6% |
| Single Family | $794,600 | ▼ 0.1% | ▼ 5.9% |
| Townhouse | $548,300 | ▼ 1.3% | ▼ 9.0% |
| Apartment | $406,200 | ▼ 0.9% | ▼ 6.8% |
Cambridge (September 2025)
| Property Type | Benchmark Price | Monthly Change | YoY Change |
|---|---|---|---|
| Composite | $701,700 | ▲ 0.1% | ▼ 5.4% |
| Single Family | $742,700 | ▲ 0.1% | ▼ 4.5% |
| Townhouse | $611,500 | ▲ 0.3% | ▼ 4.7% |
| Apartment | $453,100 | ▼ 0.4% | ▼ 5.9% |
Key insight: Cambridge edges KW with slightly softer YoY declines.
Speed & Balance Indicators
Average Days on Market
32 days (flat vs Aug; up from 28 in Sept 2024). Five-year average ≈ 19.
Pro tip: Competitive pricing + pro photos + staging + move-in readiness = faster sells.
Months of Supply
- Overall: 4.0 (balanced)
- Detached: 3.3 (slight seller tilt)
- Townhouse: 4.8 (balanced)
- Condo: 7.3 (buyer’s market)
What It Means for Buyers (Waterloo Region)
- More selection (2,094 active; ~79.5% above 10-yr avg)
- Fewer bidding wars, more negotiating room
- Stabilizing month-to-month pricing
What It Means for Sellers
- 502 sales = steady demand; success is strategy-dependent
- Price precisely; present professionally; market hard
- Be flexible on terms to close stronger deals
Investor Angle (Kitchener • Waterloo • Cambridge)
- Condos: entry pricing + rental demand (uni/tech); choose carefully with 7.3 MOS
- Townhouses: only YoY price gainer; resilient
- Semi-detached: family appeal, solid value
Peel Region (Mississauga • Brampton • Caledon) — September 2025
📊 Market Snapshot at a Glance
Read: Peel mirrors GTA-wide dynamics: firmer sales than last year, but pricing remains sensitive. Listings priced to the last 30–45 days of comps and presented professionally are still moving.
Halton Region (Oakville • Burlington • Milton • Halton Hills) — September 2025
📊 Market Snapshot at a Glance
Read: Sales and prices are softer year-over-year, yet fewer fresh listings prevent an inventory surge. Best-prepped, well-located homes still earn strong attention—accurate pricing is critical.
Take Action: Next Steps
About the Data
Statistics sourced from the Waterloo Region Association of REALTORS® (Cornerstone Association of REALTORS®), ITSO MLS® System, and TRREB (for GTA/Peel context) for September 2025. Averages guide long-term trends but don’t determine individual property values.
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