The Vaughan real estate market in September 2024 marked the official start of the fall market, bringing with it stronger buyer activity, stable prices, and a renewed sense of urgency from both sides of the transaction. After a slower August, buyers returned with motivation—driven by stable interest rates, pent-up demand, and hopes of locking in purchases before year-end.
If you’ve been waiting for the market to pick a direction, September showed clear signs of momentum building.
📊 September 2024 Market Snapshot
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Average Sale Price: $1,359,000
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Month-over-Month Change: ⬆️ 0.4%
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Total Sales: 256
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New Listings: 703
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Average Days on Market (DOM): 29
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Sale-to-List Price Ratio: ~97.2%
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Months of Inventory: ~2.8
📈 Prices rose slightly while inventory tightened, signalling a shift back to a more active and balanced market.
💵 Prices Edge Up as Buyer Activity Returns
Vaughan’s average sale price increased by 0.4% in September, breaking the two-month trend of slight dips. As buyers re-entered the market, particularly first-time buyers and upsizers, homes that were well-marketed and competitively priced started moving again—often within two weeks.
Top-performing property types:
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Townhomes in the $1.1M–$1.3M range across Maple, Vellore Village & Sonoma Heights
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Condos under $900K near the Vaughan Metropolitan Centre (VMC)
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Detached homes between $1.5M–$1.9M with finished basements or in-law suites
💡 Inventory remained healthy, but buyers were more decisive—especially for homes with income potential or strong school zones.
🏘️ Inventory Remains Healthy, But Choices Are Narrowing
With 703 new listings in September, Vaughan continued to offer buyers a good mix of options. However, as demand picked up and days on market dropped to 29, certain neighbourhoods and property types began to see multiple offers again—especially if they were staged, upgraded, and priced to sell.
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DOM dropped for the first time in 3 months
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Stale summer listings were finally moving with adjusted pricing
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Open houses saw increased traffic, particularly on weekends
📌 This was a turning point month—buyers began acting faster, and sellers who waited out August were rewarded.
🏙️ Neighbourhood Spotlights: Kleinburg & Patterson
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Kleinburg: Luxury detached homes saw more traffic, especially those under $2.5M with curb appeal, triple garages, and upgraded interiors
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Patterson: Townhomes and semis remained in high demand, especially for families looking near top-ranked schools and transit access
📍 These areas led the charge in showing activity, firm deals, and price performance in September.
🔮 What to Expect for October and Fall 2024
As we move deeper into the fall season, here’s what to watch:
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More buyers returning with fresh pre-approvals and clearer goals
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Steady interest rates keeping demand stable and predictable
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A likely increase in sales across townhomes and entry-level detached homes
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Sellers will need to act soon—October is typically one of the last strong months before the holidays
🎯 Buyers: Lock in before inventory narrows heading into winter.
🎯 Sellers: October could be your best month to list this year—get ahead of seasonal slowdowns.
💬 Final Thoughts
September 2024 marked the start of the fall rebound in Vaughan real estate. Prices stabilized, buyer activity increased, and both confidence and clarity returned to the market. Whether you're buying, selling, or investing, the final quarter of the year presents real opportunities for those ready to make a move.
📞 Let’s talk about your real estate goals.
Whether you're planning to sell before winter or buy your next home before rates change—let’s build a strategy around today’s market.
