Prince Albert Real Estate Market Update: April 2025 Shows Resilience Amid Fewer Listings
The April 2025 housing statistics for Prince Albert, Saskatchewan, reveal a continued trend of tight supply and climbing home values — a dynamic that’s shaping the real estate landscape in the region.
Market Highlights:
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Sales: 36 homes sold in April, down 12% compared to April 2024.
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New Listings: Just 39 properties hit the market, a notable 30% year-over-year drop.
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Benchmark Price: The total residential benchmark price reached $265,600, marking an 8% increase from April 2024.
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Inventory: Active listings stood at 125, down 11% from the previous year.
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Months of Supply: 3.47 months, reflecting a continued seller’s market.
Despite fewer sales and new listings, home prices in Prince Albert continued to rise — driven by ongoing demand and historically low inventory levels. This market pressure is most evident in detached homes, which continue to attract strong interest across a range of price points.
What This Means for Buyers and Sellers
For sellers, the market continues to offer favorable conditions with less competition and faster sales potential. Buyers, meanwhile, should be prepared to act quickly and rely on local expertise to secure opportunities.
Thinking of buying or selling in Prince Albert? Browse local listings or get in touch today to take the next step.
FAQs
Why did sales decline in April 2025?
Sales fell 12% year-over-year largely due to limited new listings, which restrict buying options and volume.
What does months of supply mean?
Months of supply indicates how long it would take to sell all current listings at the current pace of sales. 3.47 months suggests a seller’s market.
Is now a good time to sell in Prince Albert?
Yes, low inventory and increasing prices make it an opportune time for sellers to list their homes.
How has the benchmark price changed?
The benchmark price increased 8% from April 2024 to $265,600, showing strong market growth.
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