Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD
Call Now: 416-939-2500 Email: vikas@vikaspalan.com
May 2025 · Toronto
Toronto Sold Home Prices for May 2025
1,978 residential properties closed in Toronto in May 2025. Average sold price of $1,134,079. 66.2% of homes sold below asking — buyers have negotiating leverage.
Avg Sold Price $1,134,079
Median Price $899,500
Sale / List 99.9%
Over Asking 30.2%
Avg DOM 78 days
Total Sold
1,978
all residential
Avg Sold Price
$1,134,079
all types
Median Price
$899,500
mid-point
Sale / List
99.9%
avg ratio
Over Asking
30.2%
of all sales
Avg DOM
78
days on market
Prices by Property Type
Toronto · May 2025
💰 Price Summary
Average Sold $1,134,079
Median Sold $899,500
Avg List Price $1,135,660
Lowest Sale $265,000
Highest Sale $27,325,000
Sale / List Ratio 99.9%
Luxury Sold
23
Avg Luxury
$6,733,261
Luxury Share
1.2%
📊 Competition
Sold over asking 30.2%
Sold at asking 3.6%
Sold under asking 66.2%
Avg Days on Market 78 days
Fast · 050Slow · 100+
🧊 Buyers market — 66.2% sold below asking. Avg 78 days on market.
💰 Price Summary
Average Sold $732,883
Median Sold $635,000
Avg List Price $748,487
Lowest Sale $265,000
Highest Sale $4,200,000
Sale / List Ratio 97.9%
Luxury Sold
10
Avg Luxury
$3,502,500
Luxury Share
0.9%
📊 Competition
Sold over asking 17.5%
Sold at asking 4.0%
Sold under asking 78.5%
Avg Days on Market 78 days
Fast · 050Slow · 100+
🧊 Buyers market — 78.5% sold below asking. Avg 78 days on market.
💰 Price Summary
Average Sold $1,615,448
Median Sold $1,305,000
Avg List Price $1,601,037
Lowest Sale $625,000
Highest Sale $27,325,000
Sale / List Ratio 100.9%
Luxury Sold
13
Avg Luxury
$9,218,461
Luxury Share
1.5%
📊 Competition
Sold over asking 45.3%
Sold at asking 3.0%
Sold under asking 51.7%
Avg Days on Market 77 days
Fast · 050Slow · 100+
🧊 Buyers market — 51.7% sold below asking. Avg 77 days on market.
💰 Price Summary
Average Sold $1,009,875
Median Sold $850,000
Avg List Price $998,546
Lowest Sale $419,900
Highest Sale $4,200,000
Sale / List Ratio 101.1%
Luxury Sold
1
Avg Luxury
$4,200,000
Luxury Share
0.5%
📊 Competition
Sold over asking 37.2%
Sold at asking 4.8%
Sold under asking 58.0%
Avg Days on Market 73 days
Fast · 050Slow · 100+
🧊 Buyers market — 58% sold below asking. Avg 73 days on market.
💰 Price Summary
Average Sold $1,800,615
Median Sold $1,675,000
Avg List Price $1,856,145
Lowest Sale $1,160,000
Highest Sale $2,800,000
Sale / List Ratio 97.0%
📊 Competition
Sold over asking 7.7%
Sold at asking 0.0%
Sold under asking 92.3%
Avg Days on Market 113 days
Fast · 050Slow · 100+
🧊 Buyers market — 92.3% sold below asking. Avg 113 days on market.
Nearby Cities · May 2025
Average sold price across all residential property types
| City | Avg Sold | Median | Sale / List | DOM | Conditions |
|---|---|---|---|---|---|
| Mississauga | $971,362 | $885,000 | 98.0% | 82d | 🧊 Buyers |
| Markham | $1,194,079 | $1,197,500 | 101.4% | 78d | 🧊 Buyers |
| Vaughan | $1,254,515 | $1,179,000 | 97.9% | 80d | 🧊 Buyers |
| Brampton | $941,616 | $890,000 | 98.8% | 81d | 🧊 Buyers |
| Richmond Hill | $1,274,560 | $1,200,000 | 100.1% | 85d | 🧊 Buyers |
| Pickering | $911,070 | $876,550 | 99.8% | 76d | 🧊 Buyers |
| Ajax | $913,113 | $866,000 | 101.9% | 70d | 🔥 Sellers |
| Oakville | $1,458,214 | $1,203,990 | 97.2% | 96d | 🧊 Buyers |
Frequently Asked Questions
Toronto · May 2025
The average sold price across all residential types in Toronto was $1,134,079 in May 2025,
based on 1,978 closed transactions. The median was
$899,500.
Condos averaged $732,883, freehold averaged $1,615,448, and townhouses averaged $1,009,875.
The average Toronto home took 78 days to sell in May 2025.
Freehold properties averaged 77 days while condos averaged 78 days.
In May 2025, condos averaged $732,883 while freehold homes averaged $1,615,448 —
a gap of $882,565.
Toronto averaged $1,134,079 in May 2025. Markham averaged $1,194,079. Mississauga averaged $971,362. See the full May 2025 Ontario summary →
Looking to buy or sell in Toronto?
Work with a Roofup agent and get cashback on your purchase. No hidden fees.
Data note: Based on MLS® resale transaction data held in our system for Toronto, Ontario. Not official TRREB or CREA data. For general research only — consult a licensed real estate professional before making decisions.
