Spruce Grove Real Estate Market Statistics – April 2024

The Spruce Grove real estate market continues to show strong performance, with significant increases in both sold properties and average sale prices compared to last year. These trends indicate a robust and growing market, making it an attractive location for both buyers and sellers.

More detailed information below

The below graphs are interactive

New MLS® Listing Count

There have been 739 new listings in YTD 2024, a 30.37% increase from 2023. 176 new listings came on MLS® in May of this year.

Average Listing Price in Spruce Grove

The average asking price is currently $473,000, up 13.68% from $415.9k  last year.

Spruce Grove Home Sales

165 properties were sold in May 2024, marking a significant 46.02% increase from May 2023. Year-to-date (YTD) 2024, there have been 569 sold properties, showing a 45.52% increase from the same period in 2023.

Average Home Sale Price

The average sale price in May 2024 was $443,000, reflecting an 11.62% increase from May 2023. YTD 2024, the average sale price was $418,000, showing a 7.00% increase from the previous year.

Average Days on MLS®

The average days on market until sale in May 2024 was 62 days, which is a 11.43% decrease from May 2023.

Spruce Grove’s real estate market has shown resilience and growth in the face of economic fluctuations. With steady price increases, faster sales, and growing buyer interest, it’s a seller’s market. As we move into the warmer months, sellers can expect continued demand, while buyers should be prepared to move quickly on desirable listings.

For more information on buying or selling in Spruce Grove CONTACT CHRIS REID

City of Spruce Grove Website