Central Erin Mills Condo Market Report
August 2026 · 12 sold · median sold $464.4K
Source: TRREB/PropTx MLS® data · Updated monthly · Last updated September 15, 2026 · Next update ~October 4, 2026
The Central Erin Mills condo market for August 2026 — closed sales, prices, and trends from TRREB/PropTx MLS® data, with current inventory as of September 2026. Updated monthly.
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Mississauga pricing and inventory vary by neighbourhood — pick one below for a closer look.
Central Erin Mills, Mississauga — current market data
Based on properties for sale & sold — rentals not included. Figures are a monthly rollup covering September 2026, refreshed with each MLS® sync — shown as of September 19, 2026.
Bedrooms
Central Erin Mills, Mississauga currently has 59 active condo apartments for sale with a median list price of $549.0K, averaging 58 days on market. With 4.3 months of inventory on 3 recent sales, this is currently a balanced market. Median sold prices are -25.8% compared to a year ago. Recent sales closed at an average of 97% of asking price.
Balanced market
4.3 months of inventory
59
Number of homes currently for sale in this area.
$549.0K
The middle asking price among active listings -- half are listed higher, half lower.
$677
Median list price divided by square footage, for comparing across different unit sizes.
58
Average number of days active listings have been on the market.
| Metric | Current |
|---|---|
| Active listings | 59 |
| Median asking price | $549.0K |
| Average days on market | 58 |
| Months of inventory | 4.3 mo |
| Recent sales | 3 |
| Sale-to-list ratio | 97% |
| YoY median sold-price change | -25.8% |
Price trend
Median asking price against median sold price, by month.
-25.8%
Median sold price this period compared to the same month last year.
What actually sold
Closed sales — the figures above describe homes still on the market.
$408.0K
The middle sold price among closed sales this period -- half sold for more, half for less.
$628
Median sold price divided by square footage, for comparing across different unit sizes.
4.3 mo
How long it would take to sell all current listings at the recent sales pace. Lower favors sellers, higher favors buyers.
33%
Homes sold this period as a share of new listings -- a higher ratio signals stronger demand.
97%
Average sold price as a percentage of asking price. Above 100% means homes are selling over asking.
Based on a small number of sales (3) — figures may not reflect the broader market.
3 sold in the last 24 months · median $408.0K · 97% of asking (based on a small number of sales — 3)
Buildings in Central Erin Mills
Live snapshot, current as of this page load.
| Building | Active | Median Ask | Avg. DOM | Sold (24mo) | Median Sold | $/sqft | Sale:List |
|---|---|---|---|---|---|---|---|
| 1725 The Chase | 4 | $1.1M | 44 | 2 | — | — | — |
| 2555 Thomas Street | 0 | — | — | 6 | $860.9K | $533 | 103% |
| 2891 Rio Court | 1 | $499.0K | 41 | 4 | $712.5K | $600 | 98% |
| 2945 Thomas Street | 1 | $768.9K | 7 | 9 | $735.0K | $569 | 98% |
| 5535 Glen Erin Drive | 2 | $824.5K | 13 | 5 | $780.0K | $563 | 98% |
| 5910 Greensboro Drive | 2 | $709.0K | 26 | 4 | $772.5K | $575 | 99% |
| 5940 Glen Erin Drive | 1 | $839.0K | 41 | 1 | — | — | — |
| Arc Condos | 5 | $650.0K | 57 | 18 | $530.0K | $739 | 97% |
| Downtown Erin Mills Condos | 6 | $585.0K | 48 | 16 | $586.0K | $680 | 96% |
| Enclave on the Park Condos | 1 | $1.1M | 105 | 7 | $980.0K | $526 | 98% |
| Erin Mills Terrace Condos | 3 | $439.9K | 65 | 7 | $420.0K | $491 | 96% |
| Erin Mills West Tower | 2 | $621.4K | 51 | 13 | $500.0K | $751 | 98% |
| Erin Square Condos | 6 | $599.5K | 45 | 36 | $630.0K | $735 | 97% |
| Mills Square Condos | 8 | $629.5K | 36 | 27 | $625.0K | $706 | 96% |
| Miracle in Mississauga Condos | 1 | $459.9K | 28 | 10 | $477.5K | $672 | 97% |
| Papillon Place Condos | 2 | $517.5K | 81 | 10 | $547.5K | $674 | 97% |
| Papillon Place I Condos | 7 | $499.0K | 41 | 10 | $512.0K | $681 | 97% |
| Papillon Place II Condos | 4 | $529.5K | 81 | 5 | $495.0K | $673 | 97% |
| Parkway Place Condos | 12 | $504.0K | 89 | 22 | $522.9K | $678 | 96% |
| The Heights of Erin Mills Condos | 1 | $849.9K | 22 | 4 | $762.5K | $602 | 104% |
| The Kith Condominiums | 0 | — | — | 17 | $448.0K | $800 | 100% |
Some buildings show a small number of sales — figures may not reflect the broader market.
What Changed
Active Listings
059
2026-08-01 → 2026-09-01
Avg. Days on Market
—58
2026-08-01 → 2026-09-01
Sales
123
2026-08-01 → 2026-09-01
Median Sold Price
$464.4K$408.0K
2026-08-01 → 2026-09-01
August 2026 sales
12 condos sold in Central Erin Mills in August 2026 at a median sold price of $464.4K ($694/sqft). Homes sold at an average of 100% of asking — often at or over list price and took a median of about 53 days to sell.
Price trend
Median sold prices for Central Erin Mills condos are down 10.0% over six months through August 2026.
For Sellers
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Get My Instant Home ValueCurrent inventorySeptember 2026 · compiled September 15, 2026
As of September 2026 (compiled September 15, 2026), there are 59 condo listings for sale in Central Erin Mills with a median asking price of $549K ($677/sqft), averaging around 56 days on market.
By bedroom
| Bedrooms | Active now | Median list | Sold (Aug) | Median sold |
|---|---|---|---|---|
| 1-bed | 8 | $432,500 | 2 | — |
| 2-bed | 23 | $552,545 | 3 | $561,900* |
*Based on a small number of sales — figures may not reflect the broader market.
Market velocity
With 4.3 months of inventory, Central Erin Mills's condo market is currently a balanced market. Supply and demand are reasonably matched, so buyers have room to negotiate and well-priced condos still sell in good time.
What this means for buyers and sellers
For buyers
At 4.3 months of inventory, Central Erin Mills is fairly balanced right now — there's room to negotiate on price or conditions without losing every listing to a bidding war. Homes are still selling at or above asking on average (100% of list price), so budget for that negotiating room to disappear on the sharpest-priced units. Recent sales took a median of about 53 days to close, so that's roughly how long a realistically priced unit tends to stay available once it hits the market.
For sellers
At 4.3 months of inventory, pricing accurately from day one matters more than usual — overpriced listings tend to sit while realistically priced ones still move well.
Sales figures cover closed transactions in August 2026; inventory is a live snapshot as of September 2026. Compiled from TRREB/PropTx MLS® data for condos in Central Erin Mills. Deemed reliable but not guaranteed.
About the Central Erin Mills, Mississauga market
Mississauga is the GTA West’s largest and most varied housing market, with deep transit and highway links and proximity to Pearson. Its condo stock is concentrated around Square One in City Centre and the Hurontario/LRT corridor, with lakeside pockets in Port Credit and Lakeview. Condos are the most accessible way into the Central Erin Mills market — lower entry prices than a house, no exterior upkeep, and locations close to transit, shopping, and employment.
The breakdown above tracks Central Erin Mills condo apartments by bedroom so you can see where the value sits.
Methodology
Figures on this page are compiled from TRREB/PropTx MLS® data via the site’s IDX (active listings) and VOW (closed sales) data feeds for Central Erin Mills, Mississauga, refreshed on every data sync.
- Median is the middle value in a sorted list of prices — half of transactions are above it, half below. It is used instead of an average because a single very high or very low sale can’t skew it.
- $/sqft is the sold or asking price divided by the unit’s square footage, as reported on the listing.
- Days on Market (DOM) is the number of days between a listing going live and it selling (or, for active listings, the number of days it has been live so far).
- Sale-to-List Ratio is the sold price as a percentage of the final asking price. Above 100% means the home sold over asking.
- Months of Inventory is how long the current active listings would take to sell through at the recent sales pace.
- Sample-size policy: sold-price figures are only published once at least 3 sold sales support them, to avoid identifying any single transaction. A figure based on fewer than 10 sales is labeled as a small sample.
Frequently asked questions
What did condos sell for in Central Erin Mills in August 2026?
In August 2026, condos in Central Erin Mills sold at a median price of $464,400 (about $694/sqft), an average of 100% of asking. The breakdown above shows how this varies by bedroom count.
How many condos sold in Central Erin Mills in August 2026?
12 condos closed in Central Erin Mills in August 2026. The chart above breaks the total down by bedroom count.
How much did a 2-bed condo sell for in Central Erin Mills?
2-bed condos in Central Erin Mills sold at a median of $561,900 in August 2026, and there are currently 23 for sale at a median asking price of $552,545.
Is Central Erin Mills a buyer’s or seller’s market for condos?
With 4.3 months of inventory as of September 2026, the Central Erin Mills condo market is currently a balanced market. Under three months favours sellers; three to six is balanced; above six favours buyers.
How many condos are for sale in Central Erin Mills right now?
There are currently 59 active condo listings in Central Erin Mills as of September 2026, at a median asking price of $549,000. This refreshes with every MLS® sync.
How often is this report updated, and where does the data come from?
It is refreshed monthly for the previous complete month, from TRREB/PropTx MLS® data; inventory figures update live with each MLS® sync. Deemed reliable but not guaranteed.
Miko Nalepa
Realtor® at The Condo Bar Real Estate
With 15+ years in the GTA West market, Miko Nalepa is a Realtor® with Right At Home Realty, Brokerage, specializing in condos, townhouses, and detached homes across Mississauga, Oakville, Burlington, and Milton. The focus stays deliberately narrow -- four cities, not a Toronto-wide practice -- because that's what it takes to know individual buildings and blocks, not just neighbourhood names.
Miko Nalepa is also the creator of The Condo Bar, the data platform behind this site, tracking building-level sales history and live market reports across 450+ GTA West condo buildings so every recommendation starts with what comparable units actually closed for, not asking price.
Market statistics are aggregate estimates compiled from TRREB (Toronto Regional Real Estate Board) MLS® data via the PropTx IDX/VOW feed. Deemed reliable but not guaranteed accurate, provided for general informational purposes only, and not a substitute for a professional appraisal, inspection, or investment advice. No liability is assumed for any errors or omissions.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.