August 2025 was another historic month for Saskatoon’s real estate market. The city reported 451 sales, a slight 1% decrease year-over-year, but still well above the 10-year average.
New listings fell 10% year-over-year, with 650 properties brought to market. Inventory closed the month at 910 units, down 4% from last year. Notably, nearly one-third of those listings were already conditionally sold, leaving just 643 available heading into September.
The biggest story is pricing. Saskatoon’s benchmark residential price climbed to $435,900, up from $432,700 in July and 7.7% higher than August 2024. This marks yet another all-time high, reflecting continued buyer demand in the face of limited supply.
Detached homes led the way with a benchmark of $501,800, while townhouses reached $365,500, and apartments averaged $263,700. Demand across property types remains strong, underscoring a competitive market for buyers and opportunities for sellers.
With just over two months of supply, conditions remain firmly in favour of sellers. Buyers should be prepared for quick decisions, while sellers can continue to benefit from record-setting prices.
If you’re considering buying or selling in Saskatoon, now is an excellent time to connect with a local REALTOR® to navigate this dynamic market.
FAQs
What was the benchmark home price in Saskatoon for August 2025?
The benchmark residential price reached $435,900 in August 2025, up 7.7% from last year.
How many homes sold in Saskatoon in August 2025?
There were 451 sales in August, down 1% year-over-year but above the 10-year average.
Is Saskatoon currently a buyer’s or seller’s market?
With just over two months of supply, Saskatoon remains a seller’s market.
How did new listings compare to last year?
New listings fell 10% year-over-year, with 650 properties hitting the market in August.
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