Spruce Grove Real Estate Market Update October 2025

As we settle into autumn and approach the close of Q4, the Spruce Grove real estate market is displaying typical seasonal trends—marked by fewer sales, longer days on market, and a slowing pace of new listings. Yet, prices remain elevated, highlighting continued demand and long-term confidence in the local market.

Whether you're planning to buy, sell, or invest, this detailed update offers insight into where the market stands as of October 2025 and how you can make the most of current conditions.

📊 October 2025 Market Overview – Key Stats at a Glance

The below graphs are interactive

New MLS® Listing Count

📦 New Listings: Slower Month, But YTD Inventory Still Up

In October, 122 new listings hit the market, slightly below the 125 homes listed during the same month in 2024—a 2.40% decline. 

However, looking year-to-date, 1,430 homes have been listed in 2025, up 3.92% from the 1,376 listed last year. While fewer homeowners are entering the market as the year winds down, the overall supply has been strong throughout the year, giving buyers more to choose from than in 2024.

Average Listing Price in Spruce Grove

📈 Average Asking Price: Seller Expectations Remain High

The average asking price for October was $533,000, reflecting a 7.30% increase compared to October 2024. This makes October one of the highest-priced months of the year in terms of list price.

Year-to-date, the average asking price sits at $505,000, which is 8.77% higher than the YTD average from 2024. This indicates that seller confidence remains high, even as market activity slows. However, pricing strategy is critical now—buyers are less likely to overpay as interest rates and affordability pressures persist.

Spruce Grove Home Sales

📉 Sales Activity: Sharp Slowdown in October

Only 75 homes sold in Spruce Grove during October 2025, marking a sharp 23.47% drop compared to the 98 sales recorded in October 2024. This aligns with the seasonal slowdown typical for the fall market, but it’s more pronounced than the drops we’ve seen earlier in the year.

Year-to-date, 996 properties have sold, which is 10.11% fewer than this time last year. The lower transaction volume suggests that many buyers may be pausing their search or delaying decisions until spring, which creates new dynamics for both buyers and sellers to consider.

Real Estate Market Statistics Spruce Grove Average Home Sale Price

💰 Sale Prices: Double-Digit Annual Growth Holds

The average sale price in October 2025 reached $476,000, a notable 11.33% increase from the same month last year. That’s a positive sign for sellers—values are holding strong despite slower activity.

YTD, homes are selling for $475,000 on average, compared to $429,000 in 2024—a 10.73% year-over-year increase. These figures continue to reflect the strong equity gains that many Spruce Grove homeowners have seen throughout 2025.

⚖️ Ask-to-Sell Ratio: Negotiability Returns

The ask-to-sell ratio dropped to 0.983 in October, down from 0.991 in 2024. While not dramatic, this 0.83% decline suggests that buyers are negotiating more successfully, particularly as listings accumulate and homes sit longer on the market.

The YTD ratio of 0.999 is still strong, but the monthly trend indicates a shift away from the over-asking frenzy seen earlier in the year. Sellers should adjust expectations accordingly.

Days on Market Until Sale

⏳ Days on Market: Homes Taking Longer to Sell

Homes in Spruce Grove took an average of 59 days to sell in October, up from 44 days the year prior—a 34.09% increase.

Still, on a year-to-date basis, homes are selling in 51 days, which is 12.07% faster than last year. The jump this month is seasonal but worth watching—it indicates that buyers are no longer rushing into purchases, especially in a higher-interest-rate environment.

🔎 What This Means for Buyers

If you're a buyer entering the fall market, conditions are finally shifting in your favour.

Buyer Advantages:

• Longer days on market = more time to make informed decisions.
• Growing negotiability = better opportunities for price reductions or incentives.
• More choice: Inventory is up year-over-year, giving you greater variety.

🏡 Thinking of buying? Let’s find a property that fits your lifestyle and budget. Call me today at (780) 717-5267 for expert buyer guidance in Spruce Grove.

💡 What This Means for Sellers

While the fall market is quieter, it’s still a good time to sell if you’re strategic.

Seller Tips:

• Price right from the start—today’s buyers are sensitive to overpricing.
• Prepare your home thoroughly: Staging, maintenance, and great marketing are now essential.
• Expect negotiations: Flexibility on closing dates, incentives, or slight price reductions may be needed.

📞 Thinking about listing? Let’s build a custom plan to sell your home this fall. Reach out at (780) 717-5267 for your free market analysis.

🌆 Why Spruce Grove Remains a Great Market

Despite the seasonal slowdown, Spruce Grove continues to attract homebuyers due to:

• Proximity to Edmonton via Highway 16 for commuters.
• Top-rated schools and safe, family-oriented neighbourhoods.
• Outdoor lifestyle supported by trails, parks, and the Tri-Leisure Centre.
• Newer homes and modern communities that offer better value than similar Edmonton neighbourhoods.

Communities like Prescott, Fenwyck, Harvest Ridge, and Greenbury remain top picks for both first-time and move-up buyers.

📊 YTD Market Comparison Chart

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📞 Work with Christina Reid – Your Spruce Grove Real Estate Expert

Navigating a changing market takes knowledge, strategy, and local insight. Whether you're buying, selling, or investing, I’m here to help you make confident, informed decisions in Spruce Grove.

📱 Call/Text: (780) 717-5267
📧 Email: creid@chrisreidedmonton.com
🌐 Visit: chrisreidedmonton.com