Best Mortgage Rates
5-Year Fixed
Alberta Housing Market Report
WOWA Simply Know Your Options
Market Report Summary for July 2025
Updated August 14th, 2025
- September 2, 2025 Update: Today’s Lowest mortgage rate in Alberta is 3.99% for 3-Year Fixed.
Alberta Housing Market Overview
Data for July 2025
Avg. Sold Price:$503,123
All Property Types:$503,123
Detached:$587,224
Semi-Detached:$500,177
Townhouse:$366,364
Condo Apartment:$273,635
Transactions (Buy/Sell):7,644
All Property Types:7,644
Detached:4,805
Semi-Detached:684
Townhouse:997
Condo Apartment:1,158
Alberta Average House Prices by City
Alberta Housing Market as of July 2025
The average home price in Alberta increased to $503,123 in July 2025 and is down 4.2% from June 2025 and 1.9% higher than July 2024.
Sales and New Listings
There were 7,644 home sales in Alberta’s housing market in July 2025, a decrease of 4.4% year-over-year.
New listings increased to 12,049 (up 9.0% year-over-year). Inventory levels increased 17.0% year-over-year to 21,099 units.
Key Statistics:
- Total Residential Sales: 7,644 (4.4% decrease year-over-year)
- New Listings: 12,049 (9.0% increase year-over-year)
July 2025 saw these year-over-year changes based on property type:
- Detached: $587,224 (1.3% increase year-over-year)
- Semi-Detached: $500,177 (0.4% increase year-over-year)
- Row: $366,364 (3.1% decrease year-over-year)
- Apartment: $273,635 (1.3% decrease year-over-year)
Alberta: Seller’s or Buyer’s Markets?
July 2025
| City | July 2025 Sales-to-New-Listings Ratio (SNLR) | June 2025 Sales-to-New-Listings Ratio (SNLR) | Change | Market Type |
|---|---|---|---|---|
| Calgary | 54% | 54% | - | Balanced Market |
| Edmonton | 65% | 68% | Seller's Market | |
| Red Deer | 77% | 74% | Seller's Market | |
| Lethbridge | 85% | 89% | Seller's Market | |
| Medicine Hat | 84% | 73% | Seller's Market | |
| Grande Prairie | 84% | 102% | Seller's Market | |
| Fort McMurray | 68% | 67% | Seller's Market | |
| Alberta | 63% | 65% | Seller's Market |
The provincial sales-to-new listings ratio (SNLR) was 63% in July 2025. Months of supply stood at 2.76, which represents an increase of 22.1% year-over-year.
GET A CASH OFFER TO SELL WITHOUT SHOWINGS!
NO OBLIGATION. CONSIDER A CASH OFFER BEFORE LISTING
Regional Breakdown
| City | Average Home Prices (July 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.