Real Estate Market

Government Road Real Estate Market

Live stats and monthly reports across Government Road Saeed serves — updated every 5 minutes from MLS® data.

Buyer's Market22.0 mo supply — Buyer's

In Sep, 2 homes sold across Government Road at an average price of $1,259,000 — up 118.6% from the prior month. Properties averaged 27 days on market.

Browse Homes For Sale →
$1.26M↑avg price · last month
Apr6-month avg price trend · MLS®Sep
2
Homes Sold
last 30 days
$1.26M
Avg Sold Price
last 30 days · sold properties
27d
Avg Days on Market
last 30 days · listed to sold
44
Active Inventory
live MLS · updated every 5 min
22.0 mo
Months of Supply
current absorption rate
View Homes For SaleRecently SoldFree Home EvaluationMonthly Reports →
3-Year Price Trend
$1.3M
Avg sold price by type · last 36 months · MLS® data

Benchmark Prices by Property Type

Government Road · Last 30 days
Property TypeAvg Sold PriceAvg $/sqftYoY ChangeCondition
Houses$2.14M$712,667-43.4%Buyer's Market
Condos$380K$466-39.5%Buyer's Market
Market Insight

Condos are the most accessible entry point in Government Road, currently averaging $380,000 — well below the cost of a detached home.

Condos have declined the least over the past year at -39.5%, while Houses saw the weakest movement at -43.4%.

Buyers currently have more negotiating room across all property types in Government Road — consult a local agent before making pricing decisions.

Last 30 Days — By Property Type

Sold properties only

Apartment:Buyer's Market
House:Buyer's Market
Townhouse:Buyer's Market

What Does Each Home Cost?

By bedrooms & property type · Last 30 days sold

Type1 Bed2 Bed3 Bed4+ Bed
Apartment
$548K
$820/ft²
41 sold
$698K
$752/ft²
63 sold
$889K
$721/ft²
18 sold
$1.12M
$690/ft²
5 sold
Townhouse
$699K
$698/ft²
8 sold
$879K
$672/ft²
31 sold
$1.08M
$645/ft²
44 sold
$1.25M
$612/ft²
14 sold
House—
$1.19M
$580/ft²
6 sold
$1.49M
$558/ft²
22 sold
$2.25M
$498/ft²
18 sold

Studio = 0 bedrooms. 4+ Bed includes all homes with 4 or more bedrooms.

How does this period compare?

MetricSep · Last 30 daysAugSep (LY)
Homes Sold2-66.7%69
Avg Sold Price$1.26M+118.6%$576K$1.42M
Avg Days on Market27d-38.6%44d28d

By Property Type

All property types
Property Type
TypeSold (30d)Avg SoldAvg DOMActiveMarket
Apartment1$380,00041d15Buyer's Market
House1$2,138,00013d22Buyer's Market
Townhouse0N/A0d7Buyer's Market

Recently Sold

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Deep Breakdown

Age, bathrooms, storeys, and lot size — how each factor shapes the sale price in Government Road.

Age of Home — Does Year Built Affect Price?

Avg Sold Price & Days on Market by Year Built · Last 30 Days · Sold Properties

Insight: Pre-1980 homes command the highest avg price at $2,138,000 in Government Road. Pre-1980 homes sell the fastest — avg 13 days on market. Prices fell 82% from Pre-1980 to 1980s.
Avg Sold PriceAvg Days on Market
$2,138,000$380,00013d41dPre-19801980s
1 sold1 sold

By Bathroom Count

Avg Sold Price by Bathrooms · Last 30 Days · Sold Properties

1 bath1 sold
41d$380,000
3 baths1 sold
13d$2,138,000

Storey Count

Avg Sold Price by Storeys · Detached Houses · Last 30 Days · Sold Properties

2 Storey1 sold
13d$2,138,000

Lot Size

How Lot Size Affects Price · Detached Houses · Last 30 Days · Sold Properties

8,000+ sqft1 sold
13d$2,138,000

Frequently Asked Questions — Government Road Market

Is Government Road a buyer's or seller's market right now?+
Government Road is currently a buyer's market. The absorption rate — the pace at which active listings are being absorbed by buyers — points to more supply than demand, giving buyers more negotiating room. There are 44 active listings and 2 homes sold in the last 30 days.
What is the average home price in Government Road?+
The average sold price in Government Road is currently $1,259,000, based on sales over the past 30 days. Prices vary significantly by property type — condominiums and townhouses typically start lower, while detached homes command a premium.
What does the absorption rate mean for Government Road?+
Government Road has a sales-to-active listings ratio (SALR) of 4.5%, below the 12% threshold that defines a buyer's market. There are more homes available relative to demand, giving buyers more time to consider their options and more room to negotiate on price and conditions. Sellers may need to price competitively to attract offers.
How long do homes stay on the market in Government Road?+
Homes in Government Road are selling in an average of 27 days on market. Properties that are priced correctly and presented well tend to attract offers faster, sometimes within the first week of listing.
What is the average price of a house, townhouse, and condo in Government Road?+
Detached houses in Government Road average $2,138,000. Condos average $380,000. These figures reflect sold prices over the past 30 days from MLS® records and are updated monthly. Prices vary by neighbourhood, size, and condition — contact Saeed for a personalised estimate.
Which property type has appreciated the most in Government Road?+
Based on MLS® data, condos have shown the strongest year-over-year price movement in Government Road at -39.5% compared to the same period last year. Price growth has been moderate overall — buyers should evaluate value on a property-by-property basis. Consult a local agent for current conditions before making investment decisions.
How many homes sold in Government Road last month?+
2 homes sold in Government Road over the past 30 days. Tracking monthly sales volume is one of the best indicators of market momentum — rising sales generally signal growing buyer confidence, while declining volume can signal hesitancy or seasonal slowdown.
What does "months of supply" mean in Government Road?+
Months of supply measures how long it would take to sell all current active listings at the current pace of sales. Under 4 months is a seller's market; 4–6 months is balanced; over 6 months favours buyers. In Government Road, the current absorption rate of 22.0 months reflects a buyer's market.
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