Average House Price in Saskatoon
The average house price in Saskatoon is $415,900
Housing Market in Saskatoon
Saskatoon’s housing market is facing a significant crisis characterized by a severe shortage of housing stock, driven by a booming population and insufficient construction to meet demand. Low inventory has led to a seller’s market, with average house prices rising 7.4% to $403,400 by January 2025, and intense competition resulting in multiple-offer situations across all property types. The rental market is equally strained, with a vacancy rate around 2% and rising rents, exacerbated by over 3,000 vacant publicly owned units and 137 boarded-up homes, contributing to affordability challenges and increased homelessness.
In March 2025, Saskatoon house average price was up by 6.4% compared to last year.
| Average House Price in Saskatoon | |||
| 2023 | 2024 | 2025 | |
| January | $364,900* | $375,500* | $403,400 |
| February | $367,800* | $383,000* | $405,400 |
| March | $374,700* | $390,800* | $415,900 |
| April | $374,300* | $398,600 | |
| May | $375,600* | $397,200 | |
| June | $376,800* | $403,500 | |
| July | $379,500* | $406,500 | |
| August | $373,400* | $404,900 | |
| September | $377,100* | $401,800 | |
| October | $377,700* | $402,600 | |
| November | $374,700* | $398,800 | |
| December | $369,100* | $395,300 | |
| Source: CREA | |||
| *Updated | |||
House prices in Saskatoon 2020-2022
| Average House Price in Saskatoon | |||
| 2020 | 2021 | 2022 | |
| January | $286,300* | $310,300* | $359,800* |
| February | $283,400* | $316,600* | $360,600* |
| March | $290,500* | $322,800* | $368,100* |
| April | $290,200* | $327,900* | $370,400* |
| May | $298,700* | $359,400* | $379,600* |
| June | $301,300* | $360,800* | $379,400* |
| July | $305,100* | $360,200* | $382,900* |
| August | $307,100* | $358,800* | $373,800* |
| September | $309,000* | $355,200* | $368,500* |
| October | $308,700* | $356,000* | $369,100* |
| November | $307,800* | $358,100* | $361,600* |
| December | $309,200* | $359,400* | $354,600* |
| Source: CREA | |||
| *Updated | |||
House prices in Saskatoon 2017-2019
| Average House Price in Saskatoon | |||
| 2017 | 2018 | 2019 | |
| January | $305,800* | $293,400* | $286,800* |
| February | $304,500* | $291,500* | $282,500* |
| March | $303,400* | $291,500* | $283,600* |
| April | $304,400* | $292,800* | $287,300* |
| May | $304,900* | $293,800* | $290,000 |
| June | $306,500* | $295,300* | $292,100 |
| July | $303,500* | $295,200* | $291,300 |
| August | $300,800* | $294,100* | $290,800 |
| September | $299,400* | $293,900* | $290,400 |
| October | $297,700* | $295,400* | $291,100 |
| November | $294,300* | $293,700* | $287,500 |
| December | $293,200* | $289,800* | $285,500* |
| Source: CREA | |||
| *Updated | |||
Home prices depend on the size, location, amenities, the age and condition of the apartment, townhouse or house.
Decide if homeownership is right for you. Here are some recommendations from the Canada Mortgage and Housing Corporation to buying your first home:
- Check if you are financially ready to own a home
- Analyze your situation and mortgage possibilities
- Find the right home
- Make and offer and close the deal
