St. Albert Real Estate Market Update: March 2025
As of March 2025, the St. Albert real estate market has seen a considerable uptick in several key metrics. According to the latest data from the REALTORS® Association of Edmonton, the number of properties sold in St. Albert has increased by 27.19% year-over-year, with 145 properties sold in March 2025, compared to 114 in March 2024. This surge reflects the strong demand in the area, indicating that buyers are actively searching for homes and capitalizing on current market conditions.
St. Albert, a thriving city located just north of Edmonton, continues to experience an active and competitive real estate market. With its family-friendly atmosphere, close proximity to the capital city, and a variety of housing options, St. Albert has long been a desirable destination for both buyers and sellers. As we move through March 2025, it’s clear that the market is in a state of growth, with a significant increase in sold properties and average sale prices. This article will delve into the current state of the St. Albert real estate market, analyzing key trends, offering insights into the latest data, and discussing what it means for prospective homebuyers, investors, and sellers alike.
Bar Graphs Below Are Interactive
St. Albert New Listing Count
The number of new listings in St. Albert has decreased by 4.35%. In March 2025, 176 new listings came to market, which is a slight decrease compared to the same month in 2024. However, when looking at the year-to-date figures, the total number of new listings has actually increased by 5.95%, rising from 437 listings in 2024 to 463 in 2025.
The decrease in new listings may indicate that homeowners are holding off on selling their properties, perhaps due to uncertainty in the broader economy or a desire to capitalize on rising home values. This may also suggest that sellers are increasingly staying put, reducing the overall supply of available homes in the market, which is contributing to the increase in home prices.
Average List Price
St. Albert’s real estate market is seeing steady growth in home prices, which is in line with broader market trends throughout the Edmonton region. The average sale price has increased by 4.51% year-over-year, signalling that demand for homes in St. Albert is still strong. As prices continue to climb, both buyers and sellers must be aware of the shifting market dynamics.
For buyers, this means they will need to be prepared for higher prices compared to previous years. It also underscores the importance of working with an experienced real estate professional who can help navigate this competitive market and ensure that offers are competitive. Sellers, on the other hand, can take advantage of rising prices, but must also be mindful of pricing their homes strategically to avoid overpricing, which can lead to extended market times.
St. Albert Home Sales
In total, there have been 310 properties sold in St. Albert year-to-date (YTD) for 2025, showing a 19.69% increase over the same period in 2024. This growth underscores the continued interest in the city, particularly for those looking for family homes or properties with larger lots.
Average Sale Price of Homes
When it comes to the average sale price, homes in St. Albert are being sold at an average price of $527,000, marking a 4.51% increase from March 2024. On a year-to-date basis, the average sale price has risen by 1.25%, from $497,000 in 2024 to $503,000 in 2025. These figures suggest that despite market fluctuations, St. Albert’s real estate market remains strong and offers significant potential for both buyers and sellers.
Increased Ask-to-Sell Ratio
The average ask-to-sell ratio in St. Albert is currently at 1.004, reflecting a slight increase from 0.988 in 2024. This metric suggests that homes are selling at or slightly above the asking price, a common trend in a seller’s market. The increase in the ask-to-sell ratio further highlights the competitiveness of the market, as buyers are often willing to pay more than the listing price to secure a property in this desirable community.
Days on MLS®
One of the most significant changes in the St. Albert market is the reduction in the number of days properties are spending on the market before being sold. In March 2025, the average days on market for sold properties was just 43 days, a substantial drop of 31.75% compared to March 2024, when the average was 46 days. This decrease is indicative of a quicker-paced market where properties are being sold faster, likely due to high demand and limited inventory.
This shorter time on market can be attributed to a combination of factors, including more competitive pricing, an increase in homebuyers’ activity, and a more robust overall economy. Buyers are increasingly eager to make quick decisions, which often results in multiple offers on homes and faster sales.
What This Means for Homebuyers and Sellers
For Homebuyers
St. Albert continues to be an attractive option for buyers, particularly those looking for family-friendly communities with access to top-rated schools, parks, and amenities. With rising prices and competitive market conditions, it’s crucial for buyers to act quickly and make competitive offers when they find a home they like.
It’s also important for buyers to get pre-approved for financing early in the process. This will ensure that they are ready to make offers quickly, which is key in a market where homes are selling faster than ever. Working with a knowledgeable REALTOR® who has experience in the St. Albert market will give buyers a significant advantage.
For Sellers
Sellers in St. Albert are in a favourable position, as demand for homes is strong and prices are continuing to rise. However, it’s essential for sellers to price their homes strategically to avoid the potential pitfall of overpricing. Overpricing a home can lead to longer market times and reduced buyer interest. Working with an experienced REALTOR® will help sellers understand market conditions and ensure their home is priced to sell quickly and for the best possible price.
Looking Ahead: Future Trends in St. Albert Real Estate
As we move into the second quarter of 2025, the St. Albert real estate market is expected to continue its upward trajectory. Factors such as low inventory, high demand, and rising home prices are likely to keep the market competitive. However, buyers should be prepared for potential interest rate changes and other economic factors that could influence home buying decisions.
Sellers will continue to benefit from a market where demand is high and prices are strong, but they must be mindful of pricing their homes correctly to avoid the risk of extended market times. Ultimately, whether you are buying or selling in St. Albert, staying informed about market trends and working with an experienced real estate professional will be key to achieving success.
Conclusion
St. Albert’s real estate market in March 2025 is in a state of growth, with rising prices, a strong increase in sales, and faster property turnover. The demand for homes remains robust, with fewer new listings and more competitive pricing in the area. Whether you’re a first-time homebuyer, an investor, or a seasoned homeowner looking to sell, understanding the current dynamics of the St. Albert real estate market is essential to making informed decisions. As we head into the spring season, expect continued competition in the market, but also numerous opportunities for those ready to seize them.
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
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