Prince Albert Real Estate Market Update – March 2025
The Prince Albert housing market in March 2025 showed a strong year-over-year performance with notable gains in property values and a shift toward a more balanced market environment.
Home Prices Continue to Rise
The total residential benchmark price reached $262,500, marking an 11.7% increase year-over-year. This rise in value signals continued demand and confidence in the local market despite slight dips in sales activity.
Sales See a Small Dip
There were 39 residential sales in March, a 4.9% decrease compared to March 2024 and a 1.0% decline year-to-date. This slight slowdown could be attributed to tightening inventory and rising prices.
New Listings on the Rise
New listings totaled 64, an increase of 12% year-over-year, and stood 26.2% above the 10-year average. This influx of listings is a healthy sign, offering buyers more options as the spring season kicks off.
Inventory and Supply Remain Balanced
Active inventory sat at 131 homes, 3% lower than last March, but still 47% above the 10-year average. The months of supply dropped to 3.36, indicating a balanced market—neither strongly favoring buyers nor sellers.
What This Means for Buyers and Sellers
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Buyers should act strategically—while there are more listings, prices are rising, and competition may intensify.
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Sellers are benefiting from higher benchmark prices, but realistic pricing and strong marketing remain key to securing a quick sale.
By the Numbers:
| Metric | Value | Y/Y Change |
|---|---|---|
| Sales | 39 | ↓ 4.9% |
| New Listings | 64 | ↑ 12% |
| Benchmark Price | $262,500 | ↑ 11.7% |
| Inventory | 131 | ↓ 3% |
| Months of Supply | 3.36 | ↓ 2% |
As we move deeper into the spring market, staying updated with local data is critical for making informed real estate decisions in Prince Albert.
Want to know how these stats impact your buying or selling plans? Let’s chat!
Posted by Kent Braaten on
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