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,.png)
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-24 | YTD* | 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-24 | YTD* | 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-24 | YTD* | 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-24 | YTD* | 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-24 | YTD* | 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-24 | YTD* | 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-24 | YTD* | 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-24 | YTD* | 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-24 | YTD* | 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-24 | YTD* | 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-24 | YTD* | 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-24 | YTD* | 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-24 | YTD* | 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-24 | YTD* | 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-24 | YTD* | 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-24 | YTD* | 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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