October 2025 was another record-setting month for the Saskatoon real estate market. Strong sales activity, rising new listings, and steady prices demonstrated a balanced yet competitive market as the city heads toward year-end
Sales & Listings
Saskatoon reported 455 sales in October 2025 — a 2% increase year over year and 31% above the 10-year average, surpassing last October’s record of 444 transactions.
New listings also jumped significantly to 686 properties, up 33% from October 2024. The increase offered much-needed inventory relief after months of low supply.
However, high buyer activity quickly absorbed the new listings. By month’s end, 891 active listings remained, yet 229 were conditionally sold, leaving only 662 available homes heading into November.
Prices and Market Balances
The total residential benchmark price for Saskatoon stood at $421,100, a 4.6% increase year over year but a slight month-to-month dip from September’s $431,400. Despite the seasonal softening, prices remain roughly 5% higher than October 2024, signaling steady growth.
Breakdown by category:
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Detached: $480,700 (+8% Y/Y)
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Semi-Detached: $505,900 (+8% Y/Y)
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Row/Townhouse: $361,900 (+6% Y/Y)
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Apartment: $263,300 (+4% Y/Y)
Months of supply eased slightly to 1.96, still well below a balanced level (around 4 months), confirming an ongoing seller’s market.
Market Trends
Saskatoon’s market remains characterized by tight supply and strong absorption rates. Even with listings up by a third, homes continue to move quickly. Detached properties remain the most sought-after segment, followed by townhouses and apartments that offer affordable entry points for first-time buyers.
The average Days on Market (DOM) hovered around 31 days, down slightly from last year. Sales-to-new-listing ratios and low months of supply underscore consistent demand despite higher borrowing costs.
With the MLS HPI Index at 328.7, Saskatoon is posting a 7% year-to-date price gain and continues to outperform many Canadian mid-sized markets.
Looking Ahead
As we move into the final months of 2025, Saskatoon’s housing market shows signs of resilient momentum. Rising inventory may help ease competition, but steady sales and a strong economy are expected to keep prices firm.
Buyers can anticipate a slightly less competitive winter market with more options to choose from, while sellers should continue to benefit from low supply conditions and healthy demand.
FAQs
How many homes sold in Saskatoon in October 2025?
Saskatoon recorded 455 sales in October 2025 — 2% higher than last year and 31% above the 10-year average.
What is the current benchmark price in Saskatoon?
The total residential benchmark price was $421,100, up 4.6% year-over-year.
Is Saskatoon still a seller’s market?
Yes. With only 1.96 months of supply and high absorption rates, Saskatoon remains a seller’s market.
What can we expect heading into winter 2025?
More listings should create a bit more balance, but demand is expected to stay strong through the season.
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