Average House Price in Saskatoon

by The Canadian Magazine of Immigration · June 21, 2025

The average house price in Saskatoon is $433,700

House prices in Saskatoon, SK

Housing Market in Saskatoon – May 2025

In May 2025, Saskatoon’s housing market remained robust, characterized by strong demand and limited inventory, driving significant price growth. The benchmark home price reached $485,900, an 8.2% year-over-year increase, with the median sale price at $522,500 and the average at $522,076, reflecting double-digit gains compared to May 2024. Despite a 16% year-over-year sales decline to 440 transactions, the market stayed highly competitive with only 1.55 months of supply, fueled by population growth and low housing stock. Detached homes and townhouses in family-friendly neighborhoods saw the most competition, while the rental market remained tight with a vacancy rate around 2%, pushing rents higher.

Housing Market in Saskatoon – April 2025

In April 2025, Saskatoon’s housing market continued to experience significant price growth driven by persistent low inventory and strong demand. The benchmark price for a home reached a record high of $422,600, marking a 7.1% increase from April 2024 and surpassing the previous record of $415,900 set in March 2025. Despite a 16% year-over-year decline in sales, with 440 residential transactions recorded, the market remained competitive, with only 451 of the 681 available units actively listed, translating to a tight 1.55 months of supply. This seller’s market, characterized by a sales-to-new-listings ratio of 65%, was fueled by population growth and limited housing stock, pushing prices upward across all property types, particularly detached homes and townhouses in family-friendly neighborhoods.

Housing Market in Saskatoon – March 2025

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 May 2025, Saskatoon house average price was up by 9.2% 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*	$394,500*	$422,700
May	$375,600*	$397,200	$433,700
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