St. Albert Real Estate Market Update: May 2025 

The St. Albert real estate market continues to display resilience, growth, and unique trends that both buyers and sellers should be aware of. May 2025 brought a combination of price increases, a shift in buyer activity, and impressive year-over-year metrics that confirm St. Albert’s status as one of the Edmonton area’s most sought-after communities.

Whether you’re a homeowner considering selling, a first-time buyer, or an investor looking to expand your portfolio, understanding these changes is key to making smart, informed real estate decisions.

Bar Graphs Below Are Interactive

St. Albert New Listing Count

 New Listings Remain Flat

• 228 new listings in May 2025
• +0.88% year-over-year increase
• YTD listings: 918, up 5.88%

Inventory is increasing, but only marginally. This indicates that although more homeowners are listing, it’s not enough to fully meet buyer demand—another factor contributing to rising sale prices.

Average List Price

Average Asking Price Increases

• $580,000 average asking price in May 2025
• +10.68% increase from May 2024
• YTD average: $566,000, up 5.52%

While the average asking price is still slightly lower than the average sale price, the year-over-year gains show sellers have become more confident in pricing higher. This trend points to a strong seller’s market, where demand is clearly outpacing supply.

St. Albert Home Sales

Sales Activity Softens Slightly

• 158 homes sold in May 2025
• -13.19% decline from May 2024
• YTD 2025: 626 homes sold, up 4.33%

The monthly sales volume saw a modest dip, but the year-to-date growth still paints a positive picture. With fewer homes sold in May, the decrease may indicate slight buyer hesitation due to rising prices or limited options.

Average Sale Price of Homes

Average Sale Price Surges

• $593,000 average sale price in May 2025
• +17.26% increase from May 2024
• YTD average: $534,000, up 6.70%

This dramatic jump in average sale price is a standout statistic. Homes in St. Albert are not only maintaining their value—they’re appreciating rapidly. With strong demand, limited supply, and desirable community features, buyers are willing to pay a premium.

List-to-Sale Price Ratio Strong

• 1.009 in May 2025
• Homes sold for 0.9% above asking
• YTD ratio: 1.006, up 1.06% from 2024

This ratio confirms that multiple-offer scenarios are likely still common, and many homes are selling above list price—especially in high-demand neighbourhoods.

Days on MLS®

Homes Are Selling Faster

• 38 days on market in May 2025
• -11.63% faster than May 2024
• YTD average: 42 days, down 27.59%

The quicker turnover of properties highlights a fast-paced environment. For sellers, this means reduced time to close, and for buyers, it’s a sign to act fast when desirable properties become available.

🏡 Why Are St. Albert Home Prices Increasing?

The consistent rise in both sale and asking prices in St. Albert can be attributed to several core market factors:

1. Strong Community Appeal

St. Albert continues to rank as one of the best places to live in Alberta. With its excellent schools, family-friendly parks, and access to amenities, it’s especially attractive to growing families and working professionals.

2. Limited Inventory

While new listings are growing slowly, they aren’t keeping up with demand. This low supply-to-demand ratio naturally drives up prices and encourages faster, competitive bidding.

3. High Buyer Confidence

The strong ask-to-sell ratio and fast sales show that buyers are confident in St. Albert’s long-term value. Even as prices rise, they’re willing to compete for well-priced homes.

4. Commuter Convenience

Its proximity to Edmonton makes St. Albert ideal for commuters who want a suburban lifestyle while maintaining easy access to work and urban amenities.

🌿 Spotlight on Jensen Lakes

A major player in St. Albert’s real estate momentum is the award-winning lake community of Jensen Lakes. With access to private beaches, walking trails, and top-rated schools, this neighbourhood continues to draw interest from high-end buyers.

Increased buyer attention in Jensen Lakes is helping push up the city-wide average sale price, particularly as new builds and upgraded homes hit the market.

🔍 Neighbourhoods on the Rise

In addition to Jensen Lakes, the following St. Albert communities are seeing increased buyer activity:

• Erin Ridge North – A newer community with larger, modern homes and plenty of green space
• North Ridge – Offering quiet streets and newer builds, it remains a top pick for families
• Oakmont – A premium riverside neighbourhood with mature trees and scenic walking trails

These areas have contributed to May’s high average sale price, especially with homes often selling above list price in multiple-offer scenarios.

🧠 Market Advice for Buyers

1. Get Pre-Approved

With prices rising, it’s essential to know your budget and lock in a mortgage rate as early as possible.

2. Act Fast

Homes are spending less time on the market. If you find a listing that suits your needs, don’t wait—schedule a showing and be prepared to write an offer.

3. Be Flexible on Closing Dates

With multiple buyers vying for the same property, flexibility on terms like possession dates can help your offer stand out.

4. Consider Older Inventory

Some homes may have been overlooked and offer potential value. Work with a REALTOR® to uncover hidden gems in the market.

💡 Market Advice for Sellers

1. Price for Strategy, Not Emotion

While the market is strong, overpricing can lead to your home sitting longer than average. Use current comparables to determine a compelling list price.

2. Stage and Prepare Your Home

Well-presented homes continue to sell above asking. Staging, decluttering, and professional photography can all contribute to a faster and higher sale.

3. Leverage the Spring Market

Spring and early summer remain the busiest times for real estate. With inventory still low, now is a great time to list if you want strong exposure and multiple offers.

📈 Year-to-Date Market Trends (Jan–May 2025)

Here’s a summary of how the year is shaping up so far in St. Albert:

Metric	YTD 2025	YTD 2024	% Change
Homes Sold	626	600	+4.33%
Avg. Sale Price	$534,000	$501,000	+6.70%
Avg. Asking Price	$566,000	$536,000	+5.52%
Days on Market	42 days	58 days	-27.59%
New Listings	918	867	+5.88%
Ask-to-Sell Ratio	1.006	0.995	+1.06%

This data paints a clear picture: while inventory is gradually rising, demand and pricing power remain firmly in favour of sellers.

🧭 Looking Ahead: What to Expect This Summer

As we move into the summer months, market activity is expected to remain strong. However, continued price appreciation may cause some buyer fatigue, especially among first-time buyers. Inventory will likely remain tight, particularly in the detached and semi-detached home segments.

Sellers who list in June and July may still see favourable pricing and quick sales, especially in high-demand neighbourhoods. Buyers will need to continue acting fast and submitting competitive offers.

Mortgage rates will also continue to play a role. Should interest rates remain steady or decrease slightly, it will likely spur further buyer activity—keeping pressure on pricing.

Data provided by the REALTORS® Association of Edmonton and subject to change. Always consult with a real estate professional for the most current market information. 

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

St. Albert Website