January 2024 Calgary Real Estate Statistics Recap

Discover the dynamic shifts unfolding in Calgary's real estate realm in our latest blog, which unpacks the January 2024 statistics. With sales soaring to 1,650 units, eclipsing last year's figures and long-term patterns, fueled by a surge in new listings peaking at 2,137 units. Notably, there's a notable uptick in listings for homes priced above $300,000, particularly those exceeding $700,000. However, despite this surge, Calgary's housing inventory remains scarce at 2,150 units, nearly 49 percent below the historical average, maintaining a tight market scenario.

As observed by Ann-Marie Lurie, Chief Economist at CREB®, the influx of listings expands options for buyers but does little to alleviate the prevailing supply challenges, thereby exerting upward pressure on prices. The months of supply shrink to 1.3 months, continuing to drive home prices skyward. Witness the intricate dynamics of Calgary's real estate landscape in January 2024 as you delve into the details.



Latest Combined Calgary Real Estate Statistics: January 2024


Latest Combined Calgary Real Estate Statistics: January 2024

  • Benchmark Price $572,300
  • Inventory 2,150
  • Sales to New Listings Ratio 77%
  • Months of Inventory/Supply  1.30 Months of supply (Down 36% Y/Y)

Year to Date Calgary Real Estate Statistics: January 2024

  • Benchmark Price $572,300
  • Sales to New Listings Ratio 77%
  • Months of Inventory/Supply 1.30  Months of supply (Down 36% Y/Y) 

DOM = Number of Days on Market 

As of February 5th 2024, the average number of days on market for all property types combined was 32 days (YTD) while the month of January saw an average DOM of 34


MLS® Listings in Calgary (New) 

As of February 5th 2024, the total number of new active listings in the city of Calgary added to the market was 2,143 and in total there have been 2,636 YTD 


Homes Sold in Calgary January 2024

The total number of homes sold for the month of January in Calgary was 1,649 this represents a 35.37% increase Y/Y. The total sales for 2024 are 1,971 which represents a 35,37% increase Y/Y.  


Average Real Estate Prices in Calgary 

In January 2024 the average price for a detached home in the city of Calgary was $759,160

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Specific community spotlight real estate statistics 

Glendale Detached Homes Statistics 

 Jan-24YTD*Y/Y% 
Sales 2 2 0.00%
New Listings 5 5 0.00%
Inventory 7 7 250.00%
Sales To New Listings Ratio 40.00% 40.00% 0.00%
Benchmark Price 756,100 756,100 20.40%
Median Price 752,000 752,000 19.65%
Average Price 752,000 752,000 19.65%
Average Days on Market 34 34 9.68%

 

 

Signal Hill Detached Homes Statistics

 Jan-24YTD*Y/Y% 
Sales 8 8 60.00%
New Listings 7 7 -36.36%
Inventory 5 5 -44.44%
Sales To New Listings Ratio 114.29% 114.29% 151.46%
Benchmark Price 820,900 820,900 10.45%
Median Price 877,500 877,500 36.47%
Average Price 989,021 989,021 40.97%
Average Days on Market 31 31 342.86%

 

 

Pineridge Detached Homes Statistics

 Jan-24YTD*Y/Y% 
Sales 4 4 100.00%
New Listings 4 4 0.00%
Inventory 5 5 0.00%
Sales To New Listings Ratio 100.00% 100.00% 100.00%
Benchmark Price 528,300 528,300 20.31%
Median Price 507,800 507,800 2.90%
Average Price 511,150 511,150 3.58%
Average Days on Market 22 22 -29.03%

 

 

2023 Greater Calgary Regional Market Statistics

City Centre Calgary Statistics

 Jan-24YTD*Y/Y% 
Sales 338 338 22.46%
New Listings 563 563 9.75%
Inventory 739 739 -11.28%
Sales To New Listings Ratio 60.04% 60.04% 11.60%
Benchmark Price 590,600 590,600 5.07%
Median Price 448,500 448,500 5.72%
Average Price 597,946 597,946 9.51%
Average Days on Market 40 40 -20.00%

 

North Calgary Statistics

 Jan-24YTD*Y/Y% 
Sales 214 214 51.77%
New Listings 240 240 30.43%
Inventory 200 200 2.56%
Sales To New Listings Ratio 89.17% 89.17% 16.36%
Benchmark Price 553,000 553,000 11.78%
Median Price 550,500 550,500 18.39%
Average Price 553,805 553,805 16.90%
Average Days on Market 30 30 -16.67%

 

 

Northeast Calgary Statistics

 Jan-24YTD*Y/Y% 
Sales 229 229 36.31%
New Listings 264 264 4.76%
Inventory 273 273 -20.41%
Sales To New Listings Ratio 86.74% 86.74% 30.10%
Benchmark Price 495,800 495,800 17.24%
Median Price 482,000 482,000 12.75%
Average Price 480,937 480,937 11.70%
Average Days on Market 33 33 -29.79%

 

 

 

East Calgary Statistics

 Jan-24YTD*Y/Y% 
Sales 58 58 52.63%
New Listings 74 74 27.59%
Inventory 59 59 -23.38%
Sales To New Listings Ratio 78.38% 78.38% 19.63%
Benchmark Price 420,900 420,900 25.57%
Median Price 440,000 440,000 39.21%
Average Price 414,986 414,986 35.90%
Average Days on Market 27 27 -18.18%

 

 

Southeast Calgary Statistics

 Jan-24YTD*Y/Y% 
Sales 181 181 21.48%
New Listings 239 239 21.94%
Inventory 225 225 3.21%
Sales To New Listings Ratio 75.73% 75.73% -0.38%
Benchmark Price 558,100 558,100 9.17%
Median Price 515,000 515,000 6.85%
Average Price 534,471 534,471 8.96%
Average Days on Market 31 31 -20.51%

 

South Calgary Statistics

 Jan-24YTD*Y/Y% 
Sales 317 317 67.72%
New Listings 346 346 24.46%
Inventory 278 278 -16.52%
Sales To New Listings Ratio 91.62% 91.62% 34.76%
Benchmark Price 553,100 553,100 9.31%
Median Price 587,000 587,000 23.58%
Average Price 574,352 574,352 21.82%
Average Days on Market 31 31 -18.42%

 

 

West Calgary Statistics

 Jan-24YTD*Y/Y% 
Sales 158 158 29.51%
New Listings 207 207 26.99%
Inventory 187 187 -11.37%
Sales To New Listings Ratio 76.33% 76.33% 1.98%
Benchmark Price 686,600 686,600 10.55%
Median Price 647,000 647,000 19.26%
Average Price 716,446 716,446 14.40%
Average Days on Market 32 32 -8.57%

 

Northwest Calgary Statistics

 Jan-24YTD*Y/Y% 
Sales 149 149 33.04%
New Listings 192 192 -3.03%
Inventory 177 177 -23.04%
Sales To New Listings Ratio 77.60% 77.60% 37.18%
Benchmark Price 619,100 619,100 11.63%
Median Price 625,000 625,000 11.56%
Average Price 596,090 596,090 -1.18%
Average Days on Market 30 30 -23.08%

 

 

Airdrie Real Estate Statistics

 Jan-24YTD*Y/Y% 
Sales 105 105 25.00%
New Listings 133 133 8.13%
Inventory 136 136 -0.73%
Sales To New Listings Ratio 78.95% 78.95% 15.61%
Benchmark Price 522,000 522,000 9.80%
Median Price 525,000 525,000 24.69%
Average Price 540,578 540,578 25.79%
Average Days on Market 37 37 -2.63%

 

 

Calgary Detached Homes Statistics

 Jan-24YTD*Y/Y% 
Sales 733 733 30.66%
New Listings 954 954 8.53%
Inventory 1,006 1,006 -11.99%
Sales To New Listings Ratio 76.83% 76.83% 20.39%
Benchmark Price 702,200 702,200 12.55%
Median Price 690,000 690,000 15.19%
Average Price 759,160 759,160 13.16%
Average Days on Market 33 33 -19.51%

 

Calgary Semi-Detached Homes Statistics

 Jan-24YTD*Y/Y% 
Sales 131 131 18.02%
New Listings 223 223 48.67%
Inventory 222 222 -1.33%
Sales To New Listings Ratio 58.74% 58.74% -20.62%
Benchmark Price 625,000 625,000 11.29%
Median Price 610,000 610,000 15.09%
Average Price 667,721 667,721 14.53%
Average Days on Market 35 35 -25.53%

 

Calgary Row Home Statistics

 Jan-24YTD*Y/Y% 
Sales 297 297 42.11%
New Listings 322 322 15.83%
Inventory 259 259 -18.04%
Sales To New Listings Ratio 92.24% 92.24% 22.69%
Benchmark Price 426,400 426,400 19.71%
Median Price 434,200 434,200 18.96%
Average Price 439,285 439,285 17.83%
Average Days on Market 29 29 -23.68%

 

 

Calgary Condominium Statistics 

 Jan-24YTD*Y/Y% 
Sales 488 488 53.94%
New Listings 640 640 17.43%
Inventory 685 685 -11.27%
Sales To New Listings Ratio 76.25% 76.25% 31.08%
Benchmark Price 324,000 324,000 18.68%
Median Price 308,000 308,000 19.38%
Average Price 337,011 337,011 18.45%
Average Days on Market 35 35 -20.45%

 

*Year-To-Date as of February 6, 2024
Year-To-Date, year over year percent change.

†Year-To-Date, year over year percent change.‡Calgary Census Metropolitan Area includes Calgary, Airdrie, and Rocky View

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