As we step into the new year, it’s essential to look back at the latest real estate trends in St. Albert. January 2025 has set the tone for what could be a dynamic year for the local housing market. In this analysis, we’ll break down the key metrics, compare them to previous years, and uncover what they mean for buyers and sellers. Whether you’re a homeowner, an investor, or simply keeping an eye on market trends, this data will provide valuable insights.
Market Overview
January 2025 saw a continuation of the upward trend in median home prices, a decrease in days on market, and a steady number of transactions compared to previous years. The real estate market in St. Albert is showing resilience despite economic fluctuations, with strong buyer demand keeping prices competitive.
Median List Price vs. Median Sale Price
A crucial indicator of market conditions is how closely homes sell to their asking price. The median list price for January 2025 was $479,000, while the median sold price was $475,400. This means that, on average, homes in St. Albert sold for 99.2% of their asking price—a strong indicator of a seller’s market.
Looking at the past five years:
- 2020 – Median List Price: $375,000 | Median Sold Price: $365,000
- 2021 – Median List Price: $390,000 | Median Sold Price: $380,000
- 2022 – Median List Price: $405,000 | Median Sold Price: $395,000
- 2023 – Median List Price: $389,900 | Median Sold Price: $375,000
- 2024 – Median List Price: $419,900 | Median Sold Price: $412,500
- 2025 – Median List Price: $479,000 | Median Sold Price: $475,400
The steady rise in median sale prices suggests that home values in St. Albert are appreciating, making real estate a solid investment. Sellers are seeing strong offers, while buyers must act quickly in competitive price ranges.
Median Days on Market
Another important metric is how long properties stay on the market before selling. In January 2025, homes spent a median of 19 days on the market before being sold. This is a significant improvement compared to previous years:
- 2020 – 45 days
- 2021 – 40 days
- 2022 – 35 days
- 2023 – 18 days
- 2024 – 38 days
- 2025 – 19 days
This trend suggests that well-priced homes are moving quickly, indicating strong buyer demand and a competitive market.
Number of Transactions
A key measure of market activity is the number of sales completed. In January 2025, 65 homes were sold, a notable increase from previous years:
- 2020 – 40 homes sold
- 2021 – 48 homes sold
- 2022 – 55 homes sold
- 2023 – 45 homes sold
- 2024 – 43 homes sold
- 2025 – 65 homes sold
This surge in transactions suggests an active real estate market, with more buyers looking to secure properties early in the year.
What Does This Mean for Buyers?
If you’re looking to buy in St. Albert, it’s essential to be prepared. With homes selling quickly and close to asking price, buyers should:
- Get pre-approved for a mortgage to strengthen their offers.
- Work with an experienced St. Albert realtor to identify the best opportunities.
- Be ready to act quickly when the right property comes on the market.
What Does This Mean for Sellers?
For homeowners considering selling, now is an excellent time. The combination of rising prices, strong demand, and shorter time on market makes it a seller-friendly environment. To maximize your sale price:
- Price competitively based on recent market trends.
- Prepare your home for showings with proper staging.
- Work with a top St. Albert realtor to market your property effectively.
Conclusion
The St. Albert real estate market remains strong, with steady price growth, quicker sales, and increasing transactions. Whether you’re buying or selling, understanding these trends is crucial for making informed decisions. If you’re thinking about entering the market, working with a knowledgeable St. Albert realtor, like the Nice Agents Team, can help you navigate these conditions effectively.
Stay tuned for next month’s market update as we continue to track these trends and provide expert insights!
