Spruce Grove Real Estate Market: April 2025 Update

As we enter the second quarter of 2025, the Spruce Grove real estate market presents notable shifts, with increasing prices despite a slight dip in sales. For both buyers and sellers, it’s crucial to understand the current trends to make informed decisions in this ever-evolving market.

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New MLS® Listing Count

There were 154 new listings in April 2025, an 8.88% decrease from 2024. However, the total number of listings year-to-date shows only a slight decline of 2.13%, with 552 listings this year compared to 564 last year.

Average Listing Price in Spruce Grove

In April 2025, the average asking price in Spruce Grove reached $513K, a remarkable 9.92% increase from April 2024. Year-to-date data shows a 13.62% rise in asking prices compared to last year, indicating a robust market despite fewer listings.

Home Sales Spruce Grove

In April 2025, 123 properties were sold, marking a 19.61% decrease compared to the same month in 2024. This decline in sales reflects broader market conditions that are affecting many regions. Year-to-date (YTD) 2025 sales show a decrease of 3.96%, with 388 properties sold in comparison to 404 last year.

Spruce Grove Average Home Sale Price

The average sale price of homes in Spruce Grove has seen a significant increase. In April 2025, the average sale price was $477K, reflecting a 12.87% rise compared to April 2024. Year-to-date, the sale price has risen by 16.64%, from $408K in 2024 to $476K in 2025. This increase highlights the growing demand for homes in Spruce Grove and the area’s ongoing appeal to buyers.

Average Ask to Sell Ratio:

The average ask-to-sell ratio for Spruce Grove properties was 1.006 in April 2025, which represents a 1.36% increase from the same month in 2024. This ratio indicates that sellers are, on average, receiving slightly more than their asking price, which is a positive sign for homeowners looking to list their properties.

Days on Market Until Sale

The average number of days on market for properties in Spruce Grove dropped significantly in April, with homes selling in an average of 52 days—13.33% faster than the 55 days seen in April 2024. This decrease suggests increased buyer activity despite the overall sales drop.

Market Insights for Buyers and Sellers

For buyers, it’s crucial to act fast, as homes are selling 13.33% faster than last year. With a rising average sale price, prospective buyers should be prepared for potentially higher home costs, particularly in desirable neighbourhoods. Financing options, including securing a mortgage pre-approval, have become even more critical for navigating this competitive market.

For sellers, the market remains favourable. With the average asking price and sales price rising, there’s potential for solid returns on homes, especially for those who list with the right strategy. Homes are selling faster, and the ask-to-sell ratio suggests that competitive offers are common.

Conclusion: What’s Next for Spruce Grove’s Real Estate Market?

As we move forward in 2025, Spruce Grove’s real estate market continues to show resilience. Despite fewer sales, rising prices and faster selling times demonstrate ongoing demand for homes in this vibrant community. Whether you’re a buyer or a seller, understanding these trends and working with a local real estate expert will help ensure success in this dynamic market.

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