2024 Carleton Place and Lanark County Real Estate Market in Review
In 2024, I posted a short market update every month. Here they are in one place, so you can see how the year played out for Lanark County and Ottawa without clicking through ten posts.
The short version: 2024 was a steady year. Sales picked up a little, prices rose a little, and homes took longer to sell than they did in 2023.
2024 at a Glance
These are the year-to-date numbers from my October 2024 update, the last one I posted that year.
| Lanark County | Ottawa | |
|---|---|---|
| Homes sold (Jan to Oct) | 1,066 (up from 1,012 in 2023) | 3,697 (up from 3,358 in 2023) |
| Average sold price | $613,435 (up 1.90%) | $740,595 (up 1.38%) |
| Average days on market | 64 days (up from 56) | 49 days (up from 45) |
How the Year Unfolded
Winter: Waiting on interest rates
The year started quietly. The Bank of Canada held its rate steady from January through April, and that steadiness brought buyers back with more confidence. In February, prime was still 7.20%.
Spring: Busy, with multiple offers
By March, inventory was tight and I was seeing multiple offers again, though most still had financing and inspection conditions. In May, Lanark County had 474 sales year to date, up from 447, with an average price of $621,638.
In June, the Bank of Canada made its first rate cut in more than four years. Buyers did not rush back right away, but it set the tone for the rest of the year.
Summer: A slower pace
Summer was slower, as it usually is. Lanark County reached 715 sales by the end of July, with an average price of $622,311. Homes were taking about 63 days to sell. The Bank of Canada cut again in July.
Fall: Steady and resilient
By September, Lanark County had 948 sales, up 1.54% from 2023, with an average price of $612,709. By October, sales reached 1,066, and the average price was $613,435. The Bank of Canada kept cutting through the fall and finished 2024 at 3.25%.
Lanark County Month by Month
| Year to date | Homes sold | Average sold price | Days on market |
|---|---|---|---|
| May 2024 | 474 | $621,638 | 64 |
| July 2024 | 715 | $622,311 | 63 |
| August 2024 | 826 | $612,986 | 64 |
| September 2024 | 948 | $612,709 | 64 |
| October 2024 | 1,066 | $613,435 | 64 |
What 2024 Tells Us Today
Looking back, 2024 was the year the market settled. Prices held, sales recovered a little, and buyers took more time to decide.
That trend has carried on. Through July 2026, the average sold price in Lanark County was $602,063, and buyers still have time to compare homes before they make an offer. You can see the latest numbers in my Carleton Place Real Estate Market Update: Summer 2026.
The Monthly Snapshots
If you want the details, here are my original one-page snapshots for each month of 2024:
- January 2024 Market Snapshot (PDF)
- February 2024 Market Snapshot (PDF)
- March 2024 Market Snapshot (PDF)
- April 2024 Market Snapshot (PDF)
- May 2024 Market Snapshot (PDF)
- June 2024 Market Snapshot (PDF)
- July 2024 Market Snapshot (PDF)
- August 2024 Market Snapshot (PDF)
- September 2024 Market Snapshot (PDF)
- October 2024 Market Snapshot (PDF)
If you would like to know what these numbers mean for your own home, I am happy to talk it through.
About the author
Lynn Vardy, REALTOR®
I have 19+ years in real estate and work with RE/MAX Boardwalk Realty. I help families in Carleton Place, Lanark County, Kanata and Stittsville buy and sell through big life changes, like downsizing, divorce and estate sales. I have been through some of these moves with my own family, so I know it is about much more than the house.
Keep reading
- 2025 Carleton Place and Lanark County Real Estate Market in Review
- Carleton Place Real Estate Market Update: Summer 2026
- Carleton Place Real Estate Market Forecast 2026
- Best Time to Sell a House in Lanark County: Why Waiting for the Perfect Market Can Backfire
Want the details for your town? See my local market stats, including Carleton Place, or ask me what your home could sell for.