A look at average house prices in the most and least expensive neighbourhoods in Mississauga

Although almost every business sector has been hit by the COVID-19 pandemic, house prices in Mississauga are holding steady and homes—especially detached ones—remain quite costly in the city (even as sales decline dramatically).
According to data released by the Toronto Region Real Estate Board and broken down by real estate website and brokerage Zoocasa, there were 532 new listings in Mississauga in April and 260 home sales—a steep 72 per cent year-over-year decline.
That said, average home prices in Mississauga grew faster than the regional average at 8 per cent annually, ending April at $832,112. A closer look at housing types reveals that detached house prices grew 5 per cent year-over-year to $1,168,041, while semi-detached and condo apartments grew 6 per cent to $802,661 and $500,349, respectively.
But while home prices remained high in April 2020, some Mississauga neighbourhoods continued to offer more affordable options for buyers on a budget.
Nikhil Oberoi, a sales representative with Cloud Realty, recently supplied insauga.com with some data that shows just how expensive—and affordable—some neighbourhoods are compared to others.
Here's a look at the average house price (all home types combined) in various Mississauga neighbourhoods, ranked from most to leave expensive:
Lorne Park: $1,801,806
The most expensive neighbourhood In Mississauga, it takes, on average, 19 days to sell a home. Properties are currently selling for 1.3 per cent higher than their list price.
Mineola: $1,577,325
The second most expensive neighbourhood in Mississauga, it takes 29 days, on average, to sell a Mineola home. Properties are currently selling 1.1 per cent below their ask price.
Sheridan: $1,218,735
The third most expensive neighbourhood in Mississauga, it takes 25 days, on average, to sell a home. Properties typically sell 3.2 per cent below their ask price.
Port Credit: $1,111,926
The fourth most expensive neighbourhood in Mississauga, it takes about 23 days to sell a home. Properties are currently selling for 0.9 per cent lower than their list price.
Clarkson: $1,073,995
The fifth most expensive neighbourhood in Mississauga, it takes 20 days on average to sell a home. Properties are currently selling 0.2 per cent higher than their ask price.
Lakeview: $1,014,810
The sixth most expensive neighbourhood in Mississauga, it takes 23 days on average to sell a home. Properties typically sell 3.1 per cent higher their ask price.
Meadowvale Village: $981,006
The seventh most expensive neighbourhood in Mississauga, it takes, on average, 13 days to sell a home. Properties are currently selling for 3.6 per cent higher than their list price.
East Credit: $933,485
The eighth most expensive neighbourhood in Mississauga, it takes, on average, 12 days to sell a home. Properties are currently selling for 3 per cent higher than their list price.
Fairview: $928,806
The ninth most expensive neighbourhood in Mississauga, it takes, on average, 21 days to sell a home. Properties are currently selling for 7 per cent higher than their list price.
Erin Mills: $899,624
The tenth most expensive neighbourhood in Mississauga, it takes, on average, 15 days to sell a home. Properties are currently selling for 1.1 per cent higher than their list price.
Streetsville: $896,836
The eleventh most expensive neighbourhood in Mississauga, it takes, on average, 20 days to sell a home. Properties are currently selling for 10 per cent higher than their list price.
Central Erin Mills: $881,008
The twelfth most expensive neighbourhood in Mississauga, it takes, on average, 14 days to sell a home. Properties are currently selling for 1.4 per cent higher than their list price.
Churchill Meadows: $873,902
The thirteenth most expensive neighbourhood in Mississauga, it takes, on average, 11 days to sell a home. Properties are currently selling for 2.2 per cent higher than their list price.
Lisgar: $868,203
The fourteenth most expensive neighbourhood in Mississauga, it takes about eight days to sell a home. Properties are currently selling for 2.6 per cent higher than their list price.
Rathwood: $863,310
The fifteenth most expensive neighbourhood in Mississauga, It takes about 16 days to sell a home. Properties are currently selling for 5.2 per cent higher than their list price.
Erindale: $801,945
The sixteenth most expensive neighbourhood in Mississauga, it takes about 18 days to sell a home. Properties are currently selling for 4.6 per cent higher than their list price.
Cooksville: $778,663
The seventeenth most expensive neighbourhood in Mississauga, It takes about 14 days to sell a home. Properties are currently selling for 3.5 per cent higher than their list price.
Creditview: $760,370
The eighteenth most expensive neighbourhood in Mississauga, It takes about 22 days to sell a home. Properties are currently selling for 0.9 per cent higher than their list price.
Meadowvale: $752,385
The nineteenth most expensive neighbourhood in Mississauga, It takes about 10 days to sell a home. Properties are currently selling for 3.7 per cent higher than their list price.
Applewood: $752,206
The twentieth most expensive neighbourhood in Mississauga, it takes about 13 days to sell a home. Properties are currently selling for 7.3 per cent higher than their list price.
Hurontario: $719,314
The twenty-first most expensive neighbourhood in Mississauga, it takes about 12 days to sell a home. Properties are currently selling for 3.3 per cent higher than their list price.
Malton: $677,885
The twenty-second most expensive neighbourhood in Mississauga, it takes about 17 days to sell a home. Properties are currently selling for 4 per cent higher than their list price.
Mississauga Valleys: $635,785
The twenty-third most expensive neighbourhood in Mississauga, it takes about 18 days to sell a home. Properties are currently selling for 2.3 per cent higher than their list price.
City Centre (Square One Condos): $635,785
The least expensive neighbourhood in Mississauga, it takes, on average, 12 days to sell a home. Properties are currently selling for 3.3 per cent higher than their list price.
Are you planning to buy a home in Mississauga this year?
Cover photo courtesy of The Canadian Press
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