Executive Summary
The Grande Prairie, Alberta real estate market is currently classified as a balanced market. The median asking price is $430K, down 9.5% over the past 30 days.
There are currently 361 active listings. Inventory has increased 50.4% compared to last month.
Currently, listings spend an average of 47 days on market and the average price per square foot is $204.
Detached properties make up the largest share of the Grande Prairie market at 89% of active listings with an average price of $693K. Condo listings follow at 11% (avg $293K).
Sales Activity & Absorption
Volume
Market Signals
121 new listings appeared in the past month.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| Central Business District | 29 | $725K |
| Kensington | 23 | $283K |
| Westgate | 20 | $1.9M |
| Richmond Industrial Park | 15 | $1.5M |
| Railtown | 14 | $300K |
| Signature Falls | 13 | $414K |
| Arbour Hills | 13 | $541K |
| Royal Oaks | 12 | $558K |
| Northridge | 12 | $858K |
| Stone Ridge | 11 | $1.4M |
| Avondale | 10 | $329K |
| Patterson Place | 9 | $306K |
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 Grande Prairie market currently has 361 active listings with a median price of $430K.
- Prices declining (-9.5% in 30 days)
- Low price reduction rate (0% of listings)
- Slow-moving market (47 avg days on market)
- Average price per square foot is $204
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.