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Alberta Housing Market Report
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Market Report Summary for September 2025
Updated October 20th, 2025
- October 28, 2025 Update: Today’s Lowest mortgage rate in Alberta is 3.79% for 5-Year Variable.
Alberta Housing Market Overview
Data for September 2025
Avg. Sold Price:$502,063
All Property Types:$502,063
Detached:$579,099
Semi-Detached:$504,910
Townhouse:$372,266
Condo Apartment:$281,042
Transactions (Buy/Sell):6,099
All Property Types:6,099
Detached:3,866
Semi-Detached:545
Townhouse:808
Condo Apartment:880
Alberta Average House Prices by City
Alberta Housing Market as of September 2025
The average home price in Alberta increased to $502,063 in September 2025 and is down 0.1% from August 2025 and 0.6% higher than September 2024.
Alberta’s benchmark home price was $510,700, a decrease of 0.9% and decrease of 0.4% year-over-year.
Sales and New Listings
There were 6,099 home sales in Alberta’s housing market in September 2025, a decrease of 5.6% year-over-year.
New listings increased to 10,635 (up 7.0% year-over-year). Inventory levels increased 17.0% year-over-year to 20,992 units.
Key Statistics:
- Total Residential Sales: 6,099 (5.6% decrease year-over-year)
- New Listings: 10,635 (7.0% increase year-over-year)
September 2025 saw these year-over-year changes based on property type:
- Detached: $579,099 (0.8% decrease year-over-year)
- Semi-Detached: $504,910 (0.2% increase year-over-year)
- Row: $372,266 (0.9% decrease year-over-year)
- Apartment: $281,042 (1.6% decrease year-over-year)
Alberta: Seller’s or Buyer’s Markets?
September 2025
| City | September 2025 Sales-to-New-Listings Ratio (SNLR) | August 2025 Sales-to-New-Listings Ratio (SNLR) | Change | Market Type |
|---|---|---|---|---|
| Calgary | 45% | 57% | Balanced Market | |
| Edmonton | 60% | 60% | - | Seller's Market |
| Red Deer | 64% | 71% | Seller's Market | |
| Lethbridge | 77% | 79% | Seller's Market | |
| Medicine Hat | 71% | 81% | Seller's Market | |
| Grande Prairie | 76% | 97% | Seller's Market | |
| Fort McMurray | 67% | 66% | Seller's Market | |
| Alberta | 57% | 63% | Balanced Market |
The provincial sales-to-new listings ratio (SNLR) was 57% in September 2025. Months of supply stood at 3.44, which represents an increase of 24.0% year-over-year.
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Regional Breakdown
| City | Average Home Prices (September 2025) | Population (2021) |
|---|---|---|
| Calgary | 1,481,806 6.4% vs. 2016 | |
| Edmonton | 1,418,118 7.3% vs. 2016 | |
| Red Deer | 100,844 4.0% vs. 2016 | |
| Lethbridge | 123,847 5.5% vs. 2016 | |
| Medicine Hat | 76,376 -0.2% vs. 2016 | |
| Grande Prairie | 64,141 1.5% vs. 2016 | |
| Fort McMurray | 68,002 1.3% vs. 2016 |
Housing Markets of Major Cities in Alberta
Housing Markets Across Canada
Disclaimer:
- Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
- The calculators and content on this page are for general information only. WOWA does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
- Financial institutions and brokerages may compensate us for connecting customers to them through payments for advertisements, clicks, and leads.
- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.
- The trademarks MLS®, Multiple Listing Service®, and associated logos are owned by CREA and identify services provided by its members.