As spring transitions into summer, the Mississauga housing market continues to show its dynamic range. This past week, 367 new listings came to market while 125 homes found buyers, resulting in an absorption rate of 34.1%. While the overall pace suggests a market finding its balance, a closer look at the extremes reveals the full spectrum of opportunities—from an affordable one-bedroom condo to a breathtaking riverfront estate. Here is your weekly breakdown of the highest and lowest sold and listed properties in Mississauga.
Lowest Sold: Affordable Entry in Applewood
The most affordable sale of the week was a bright and spacious one-bedroom, one-bathroom condominium located at 3145 Queen Frederica Drive, Unit 506 in the Applewood area. Listed at $299,000, this turn-key suite sold for $286,000 after just 11 days on market. Featuring a renovated interior with updated laminate flooring, a custom luxury bathroom with a walk-in glass shower, and an oversized open balcony with serene green views, this home offered exceptional value for first-time buyers or investors seeking affordable Mississauga condos.
Highest Sold: A Grand Erindale Estate
At the opposite end of the spectrum, the week's top sale was a spectacular home at 2489 Olinda Court in the family-friendly Erindale community. Originally listed at $3,999,000, this exceptional property closed at $3,900,000 in just 13 days. With 8 bedrooms, 6 bathrooms, and over 6,000 square feet of total living space, the home offers an open-concept layout with soaring ceilings, cherry hardwood floors, and a bespoke chef's kitchen. A standout feature is the self-contained basement apartment with two bedrooms, two bathrooms, a recreation area, a movie theatre, and a gym—making it an incredible opportunity for those seeking Mississauga homes for sale with income potential. The main-level primary suite with its own fireplace and spa-like ensuite adds to the allure of this residence.
Lowest New Listing: Downtown Living at Absolute Avenue
For buyers entering the market, the most affordable new listing this week is a beautifully renovated one-bedroom, one-bathroom unit at 60 Absolute Avenue, Unit 1802, in the heart of Mississauga City Centre. Priced at just $374,000, this move-in-ready condo features nine-foot ceilings, brand-new luxury vinyl plank flooring, an updated kitchen with granite countertops and stainless steel appliances, and a spacious 95-square-foot private balcony with south-facing city views. The building's exceptional amenities, including an indoor/outdoor pool, gym, and 50th-floor lounge, make this a prime pick for anyone looking for Mississauga condos for sale under $400,000.
Highest New Listing: Riverfront Prestige in Mineola West
Making its debut this week is a true architectural masterpiece. 1510 Pinetree Crescent in the prestigious Mineola West neighbourhood is listed at $7,998,850. Set on over an acre along the Credit River, this waterfront residence offers over 7,700 square feet of refined living space with floor-to-ceiling glass, a sculptural floating staircase, a custom Marana kitchen, and a two-level primary suite with river views and a spa-inspired ensuite. The resort-inspired grounds include an in-ground pool, outdoor kitchen, and circular driveway. This is a rare offering for discerning buyers seeking luxury Mississauga real estate with unparalleled privacy and natural beauty.
Market Overview: Absorption and Volume
This week's data for Mississauga highlights a market where new listings (367) significantly outpaced sales (125), yielding an absorption rate of 34.1%. This indicates a buyer's market segment where inventory is ample and choices are plentiful. Whether you are a first-time homebuyer looking for an affordable condo, a growing family seeking a home with a rental suite, or a luxury buyer in search of a waterfront estate, the current Mississauga real estate market has something to offer. As we move deeper into summer, buyers should be prepared for more selection, while sellers will need to price strategically to attract offers.