Average House Price in Saskatoon

by The Canadian Magazine of Immigration · November 18, 2025

The average house price in Saskatoon is $421,100

House prices in Saskatoon, SK

In October 2025, Saskatoon house average price was up by 4.6% 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	$432,700
July	$379,500*	$406,500	$435,100
August	$373,400*	$404,900	$435,900
September	$377,100*	$401,800	$431,400
October	$377,700*	$402,600	$421,100
November	$374,700*	$398,800
December	$369,100*	$395,300
Source: CREA
*Updated

Housing Market in Saskatoon – October 2025

In October 2025, Saskatoon’s housing market remained a robust seller’s domain, characterized by intense demand and persistently low inventory levels hovering around two months of supply—well below the balanced threshold of three to five months—fueled by record population growth, strong employment in sectors like potash and uranium, and ongoing Bank of Canada interest rate cuts to 3% earlier in the year. Home sales totaled approximately 380 units, aligning with seasonal trends but still 20% above the 10-year average, while the residential benchmark price dipped slightly to $398,800 from a record $435,900 in August, yet climbed 6% year-over-year amid a 4% rise in average sale prices to about $413,000. New construction, including nearly 3,000 apartment and row units underway, offered glimmers of relief, though the tight rental vacancy rate of 2.1% continued to drive rent growth and constrain mobility, positioning Saskatoon as one of Canada’s hottest Prairie markets with forecasts predicting modest 1-3% sales and price increases through year-end.

Housing Market in Saskatoon – September 2025

In September 2025, Saskatoon’s housing market remained robust and seller-favored, defying national softening trends with strong demand fueled by record population growth, low unemployment, and immigration, amid critically low inventory levels well below historical averages. Home sales reached 426 units, a 20% surge over the city’s 10-year September average and contributing to the province’s second-strongest September on record, while the benchmark price dipped slightly to $431,400 from August’s record high of $435,900 but climbed 7% year-over-year; average sale prices hovered around $413,000, up 4% from September 2024.

New home prices rose 2.9% year-to-date through August, bucking declines in many Canadian cities, as buyers increasingly turned to secondary suites and emerging neighborhoods like Brighton and Kensington for affordability and appeal.

With months of inventory under 2.0—far below the balanced 4-6 range—competition intensified for first-time buyers, now averaging late-20s to early-30s and often relying on family support, while rental vacancy held tight at 2.1% and asking rents rose 3.2% year-over-year, signaling sustained pressure into Q4.

Housing Market in Saskatoon – July 2025

In July 2025, Saskatoon’s housing market continued its record-breaking trajectory, characterized by a robust seller’s market driven by high demand and low inventory. Home sales surged to 610, a 17% increase year-over-year, while the benchmark price reached a new high of $435,100, up 7% from July 2024. Inventory remained tight at 895 listings, with only 594 active after conditional sales, and homes sold faster, averaging 26 days on the market compared to 29 the previous year. Despite an 11% rise in new listings, the market’s 1.47 months of supply underscored intense competition, fueled by affordability, migration, and limited new construction, positioning Saskatoon as a standout in Canada’s real estate landscape.

Housing Market in Saskatoon – June 2025

In June 2025, Saskatoon’s housing market remained robust, recording 575 home sales, a 7% year-over-year increase and 22% above the 10-year average, marking the second-highest June on record. Despite a significant 18% rise in new listings (789 total), inventory levels stayed critically low at 937 units, with over one-third conditionally sold, leaving just 600 active listings and a tight 1.6 months of supply. The benchmark home price was $432,700, slightly down from May’s $433,700 but up 7.2% from June 2024, driven by strong demand, population growth, and limited supply, particularly for single-family homes ($466,000, up 6% year-over-year), townhouses, and condos. This seller’s market, with a sales-to-new-listings ratio of 65%, continued to face affordability challenges, intensified by a tight rental market with rising rents and a vacancy rate around 2%.

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.

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