Spruce Grove Real Estate Market Update July 2025

As we step into the final stretch of summer, the Spruce Grove real estate market continues to reflect strong pricing trends, stable sales, and a noticeable increase in inventory. The July 2025 statistics paint a picture of a market that is balancing between sustained demand and more options for buyers—ideal conditions for both sides of the transaction.

Whether you're buying your first home, upgrading, downsizing, or investing in the Spruce Grove area, this blog will walk you through the numbers, trends, and what they mean for your next real estate move.

📊 Market Overview – July 2025 at a Glance

Here are the key performance indicators for the Spruce Grove real estate market in July 2025:

• Sold Properties: 125 (↑ 0.81% from July 2024)
• YTD Sold Properties: 729 (↓ 8.99% from 2024)
• Average Asking Price: $497,000 (↑ 13.37%)
• YTD Avg Asking Price: $504,000 (↑ 9.97%)
• Average Sale Price: $483,000 (↑ 10.46%)
• YTD Avg Sale Price: $480,000 (↑ 12.78%)
• New Listings in July: 145 (↑ 13.28%)
• YTD New Listings: 1,018 (↑ 2.52%)
• Average Days on Market: 51 (↓ 8.93%)
• YTD Avg Days on Market: 49 (↓ 20.97%)
• Ask to Sell Ratio: 0.996 (↓ 0.17%)

The below graphs are interactive

New MLS® Listing Count

🏡 New Listings – Inventory is Expanding

A 13.28% jump in new listings in July brought 145 homes onto the Spruce Grove market. This adds to a YTD total of 1,018 listings, a 2.52% increase compared to 2024.

This influx of new inventory helps balance demand and gives buyers more choice than they’ve had in previous months. For sellers, it signals the importance of competitive pricing and marketing, as more options means buyers may take longer to make decisions or be more selective.

Average Listing Price in Spruce Grove

Average Asking Price:

The average asking price in July 2025 reached $497,000, a 13.37% increase from the same time last year. The YTD average asking price sits at $504,000, almost 10% higher than last year.

Spruce Grove Home Sales

🏘️ Sales Activity – Stability Returns

In July 2025, Spruce Grove recorded 125 home sales, representing a modest 0.81% increase compared to July 2024. While the year-to-date (YTD) sales still lag behind last year by 8.99%, the month-over-month stabilization in sales suggests buyer confidence is returning as we head deeper into Q3.

Compared to earlier in the year when sales volume saw sharper declines, July's performance is a strong indicator of a healthier, more stable market. More buyers are stepping off the sidelines, thanks to increased inventory and more realistic pricing.

Real Estate Market Statistics Spruce Grove Average Home Sale Price

Homes sold for an average of $483,000, a 10.46% increase from July 2024. YTD, homes are selling at $480,000 on average, up 12.78% over last year.

These figures highlight that Spruce Grove remains a seller-friendly market. Even with more listings, sale prices are rising consistently—proof that demand is healthy and buyers are willing to pay a premium for well-priced and well-presented homes.

📉 Ask-to-Sell Ratio – Slight Dip, Still Competitive

In July 2025, the average ask-to-sell ratio came in at 0.996, a small 0.17% dip from last year. While this is slightly below the ideal 1.0 threshold, it still indicates a competitive marketplace. YTD, the ratio is 1.002, up from 0.993 in 2024.

This suggests that most homes are still selling at or very close to list price. The slight dip this month may be due to rising inventory and more cautious buyers, but it's not enough to indicate a market shift in favour of buyers just yet.

Days on Market Until Sale

Homes sold in an average of 51 days in July, down 8.93% from July 2024. The YTD average days on market is 49, a significant 20.97% reduction compared to last year.

This reduction in selling time is a crucial indicator that demand remains strong and well-marketed homes are moving quickly.

📊 Spruce Grove Real Estate YTD Comparison: 2025 vs 2024

🧠 Buyer Insight – What You Need to Know

More Inventory, More Choices

Buyers now have more listings to choose from than at any point earlier this year. This gives you more negotiation leverage and opportunities to find a home that truly meets your needs.

Prices Are Still Climbing

While more inventory helps reduce competition, home prices continue to rise, so waiting too long may mean paying more in a few months.

Act Strategically

Work with an experienced REALTOR® who understands local trends and can help you:

• Move quickly when the right home comes up
• Avoid overpaying in a bidding war
• Understand the value of homes in specific Spruce Grove neighbourhoods

If you’re in the market, let’s talk! I’d love to help you buy smart in Spruce Grove. 📞 Call me today at (780) 717-5267.

💡 Seller Insight – A Prime Window of Opportunity

With higher sale prices and shorter time on market, July 2025 continues to favour sellers—but the increased inventory means competition is rising.

To Sell for Top Dollar:

• Price your home strategically (not just based on what your neighbour sold for!)
• Prepare your home—declutter, deep clean, and stage
• Invest in professional photos and digital marketing

Buyers are still motivated and willing to pay strong prices for homes that are move-in ready and well-presented. If you’re considering listing, now is the time.

📞 Reach out to me, Christina Reid, at (780) 717-5267 for a free home evaluation and tailored selling strategy.

🌇 Why Spruce Grove is in High Demand

✅ Proximity to Edmonton

With quick access to Highway 16 and a 20–30 minute commute to west and central Edmonton, Spruce Grove appeals to working professionals who want suburban peace without sacrificing access to urban amenities.

✅ Family-Friendly Communities

Neighbourhoods like Greenbury, Harvest Ridge, and Prescott offer excellent schools, playgrounds, and newer homes that cater to families looking to grow.

✅ Lifestyle Amenities

From the Tri-Leisure Centre to local shops, trails, golf courses, and year-round community events, Spruce Grove supports an active, engaged lifestyle.

✅ Value for Money

Compared to similar homes in Edmonton, Spruce Grove offers more square footage, newer construction, and larger lots—making it a top choice for homebuyers seeking value.

🔮 Forecast for the Rest of Summer 2025

The numbers suggest that we’re entering a more balanced market. While sellers continue to enjoy strong prices, buyers are gaining more inventory and choice. Here's what we might expect heading into August and September:

• Continued price growth, though possibly at a slower pace as listings increase
• Sales volume stabilizing as interest rates and buyer confidence settle
• More negotiating room for buyers as competition slightly eases
• Increased marketing importance for sellers to stay ahead of the rising listing pool

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