St. Albert’s Real Estate Market Statistics – May 2024

St. Albert’s real estate continues to show growth, with increased sales and prices compared to the previous year. Demand remains strong, as evidenced by the lower days on market and higher ask to sell ratio. Sellers are benefiting from higher sale prices, while buyers are facing a competitive market with limited inventory.

Bar Graphs Below Are Interactive

St. Albert New Listing Count

225 new listings were added in May 2024, up by 2.74% compared to the same period last year. Year to date listings are up 1.65%

St. Albert’s real estate market- Average List Price

The average asking price for May 2024 was $530,000, a 6.22% increase from May 2023.

St. Albert Home Sales

St. Albert real estate saw 182 properties sell, up by 7.69% from May 2023. YTD 2024: 600 properties were sold, showing a 20.48% increase from the same period in 2023.

St. Albert Average Sale Price of Homes

May 2024: The average sale price was $505,000, marking a 5.15% increase from May 2023. YTD 2024: The average sale price was $501,000, reflecting a 9.72% increase from May 2023. The average ask to sell ratio in YTD 2024 was $538,000, up by 7.62% compared to the same period in 2023.

St. Albert Days on MLS®

Properties spent an average of 43 days on the market before being sold, a decrease of 18.87% from May 2023.

St. Albert real estate market statistics reveal a seller’s market characterized by increasing average prices, reduced days on the market, and steady new listings. Buyers should be prepared for competitive conditions and higher prices, while sellers can confidently expect a timely sale and strong returns.

Interested in buying or selling in the St. Albert real estate market CONTACT CHRIS REID

St. Albert Website