Executive Summary
The Blackfalds, Alberta real estate market is currently classified as a balanced market. The median asking price is $420K, down 25.0% over the past 30 days.
There are currently 52 active listings. Inventory has increased 108.0% compared to last month.
Currently, listings spend an average of 37 days on market and the average price per square foot is $239.
Detached properties make up the largest share of the Blackfalds market at 90% of active listings with an average price of $632K. Condo listings follow at 10% (avg $242K).
Sales Activity & Absorption
Volume
Market Signals
27 new listings appeared in the past month.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| Valley Ridge | 10 | $450K |
| Mckay Ranch | 5 | $536K |
Interest Rates & Affordability
Current Rates
Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.
Estimated Monthly Payment
This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.
Market Outlook
The market is relatively balanced between buyers and sellers. The Blackfalds market currently has 52 active listings with a median price of $420K.
- Prices declining (-25% in 30 days)
- Low price reduction rate (0% of listings)
- Average price per square foot is $239
Market data is calculated from active and recently sold MLS listings as of February 28, 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.
Data provided by CREA DDF. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Information deemed reliable but not guaranteed.