Spruce Grove Real Estate Market Update November 2025

The Spruce Grove real estate market continues to shift in expected seasonal ways—with a drop in sales volume, longer days on market, and moderated pricing momentum. Yet, inventory levels remain strong, and year-over-year gains in sale price and new listings reflect long-term confidence in this vibrant community.

Whether you're looking to buy, sell, or invest, here’s a detailed breakdown of what happened in the Spruce Grove housing market in November 2025, and what it means for your real estate goals as we head into the final month of the year.

📊 November 2025 Market Snapshot

The below graphs are interactive

New MLS® Listing Count

📦 New Listings Surge in November

Interestingly, while sales slowed, new listings jumped by 31.25% this month with 105 properties hitting the market, compared to just 80 in November 2024. That brings the year-to-date total to 1,535 listings, up 5.43% from last year.

This unexpected surge in late-season inventory may be the result of sellers trying to capture buyers still active before the year ends or positioning themselves early for 2026. For buyers, this creates more negotiating power and a broader pool of properties to consider.

Average Listing Price in Spruce Grove

💰 Average Asking Price: Flat but Holding Strong

The average asking price in November 2025 was $495,000, virtually flat from the previous year (down just 0.29%). This pause in price growth may reflect seller adjustments in response to slower buyer demand.

Despite the monthly dip, the year-to-date average asking price is $504,000, which is 8.14% higher than in 2024. That means overall seller confidence remains strong, though flexibility and pricing accuracy are becoming more important in attracting buyers.

Spruce Grove Home Sales

📉 Sales Activity Slows Further in November

A total of 60 homes were sold in Spruce Grove in November 2025, down 7.69% from the same month last year. This seasonal drop in activity is typical for the time of year as both buyers and sellers start shifting focus toward the holidays.

On a year-to-date basis, 1,056 properties have sold, which is nearly 10% fewer than in 2024. This continuing trend of reduced transactions signals a cooling market, though not necessarily a weak one—it reflects a return to more normal levels following several years of unusual volatility.

Real Estate Market Statistics Spruce Grove Average Home Sale Price

📈 Average Sale Price: Modest Monthly Rise, Strong YTD Gains

The average sale price in November 2025 was $462,000, marking a very modest 0.13% increase from the previous year. However, year-to-date sale prices continue to impress with a 10.09% rise, now sitting at $475,000 compared to $431,000 in 2024.

While we may be moving into a plateau period, the cumulative gains made this year reflect the strength of the Spruce Grove market over the longer term.

⚖️ Ask-to-Sell Ratio: Small Decline Signals More Negotiation

The average ask-to-sell ratio was 0.989 in November, down slightly from 0.991. This means that, on average, homes sold for about 1.1% below the list priceWhile that’s not a massive change, it does reinforce the shifting leverage toward buyers, particularly as inventory grows and homes sit on the market longer. Sellers should work closely with their REALTOR® to fine-tune pricing and expectations in this environment.

Days on Market Until Sale

⏳ Days on Market: Buyers Taking More Time

The average home in Spruce Grove took 70 days to sell in November, up 9.38% from 64 days the year before. That’s the highest average days on market we’ve seen in 2025, and it’s an important signal that buyers are being more cautious.

However, year-to-date numbers still look good—homes are selling in an average of 52 days in 2025, which is 10.34% faster than last year. This could be the result of quick spring and summer sales that are balancing out the longer fall timelines.