The St. Albert real estate market continues to evolve, and February 2025 has provided some key insights into current trends. Whether you are a buyer, seller, or investor, understanding the latest market movements is essential. Let’s take a deep dive into how the market performed last month, how it compares to January 2025, and how it stacks up against previous Februarys.
Market Snapshot: February 2025
Median Sale Price
The median sale price for homes in St. Albert in February 2025 was $493,000. This represents a 3.7% increase from January 2025 ($475,400) but a slight 0.7% decrease from February 2024 ($496,500). Over the last five years, the median sale price has seen consistent growth, rising from $366,000 in February 2020 to today’s levels, indicating a strong long-term trend in property appreciation.
Median List Price
Sellers have continued to push asking prices higher. The median list price in February 2025 was $535,000, up from $519,650 in January 2025 and a substantial jump from $499,950 in February 2024. This suggests that sellers remain confident in the market’s strength and are pricing their homes accordingly.
Median Days on Market
One of the biggest changes observed was the time it took for homes to sell. The median days on market (DOM) increased to 96 days in February 2025, up from 65 days in January 2025 and slightly longer than 92 days in February 2024. This trend suggests that while prices are strong, buyers may be taking longer to make purchasing decisions.
How Does February 2025 Compare to Previous Years?
Looking at historical data, the St. Albert market has shown steady growth over the years:
- February 2020: Median sale price: $366,000, Median DOM: 61 days
- February 2021: Median sale price: $425,000, Median DOM: 90 days
- February 2022: Median sale price: $451,000, Median DOM: 97 days
- February 2023: Median sale price: $411,000, Median DOM: 65 days
- February 2024: Median sale price: $496,500, Median DOM: 92 days
- February 2025: Median sale price: $493,000, Median DOM: 96 days
Over the past five years, home prices have risen 35% since 2020, demonstrating strong long-term value appreciation. However, the increase in days on market indicates a shift where buyers are becoming more selective or taking their time due to market conditions.
What’s Driving These Trends?
- Seasonal Market Adjustments – Historically, real estate activity slows in the winter months before picking up in the spring. The rise in days on market could be partially attributed to typical seasonal fluctuations.
- Interest Rates & Buyer Sentiment – With continued fluctuations in interest rates, some buyers may be holding off on making purchases, leading to longer sales cycles.
- Strong Seller Confidence – The increase in list prices suggests that sellers remain optimistic, possibly in anticipation of a stronger spring market.
What Does This Mean for Buyers and Sellers?
For Buyers:
- With longer days on market, you may have more negotiating power.
- Prices remain high, but stabilization suggests potential opportunities to find value.
- Spring activity may drive competition, so acting sooner rather than later might be wise.
For Sellers:
- While home values remain strong, expect longer listing times.
- Pricing competitively and staging homes effectively can help attract serious buyers.
- Consider listing earlier in the season to get ahead of increased spring competition.
Looking Ahead to Spring 2025
As we move into March and April, market activity is expected to increase. Historically, the spring market brings more buyers into play, potentially reducing days on market and increasing sales volume. The key for both buyers and sellers is to remain informed and strategic in their approach.
If you’re thinking of buying or selling in St. Albert, now is the time to connect with a local St. Albert Realtor who understands the market dynamics. Let’s navigate the next steps together to help you achieve your real estate goals!
For more updates on homes for sale in St. Albert, stay tuned for our next market report.
