Grande Prairie Real Estate Market Report
Executive Summary
Dan BraunLocal expert · Grande PrairieThe Grande Prairie, Alberta real estate market is currently classified as a balanced market. The median asking price is $480K.
There are currently 396 active listings. Inventory has increased 60.3% compared to last month.
Currently, listings spend an average of 85 days on market and the average price per square foot is $229.
Detached properties make up the largest share of the Grande Prairie market at 91% of active listings with an average price of $695K. Condo listings follow at 9% (avg $389K).
Sales Activity & Absorption
Volume
Market Signals
149 new listings appeared in the past month.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| Central Business District | 23 | $845K |
| Richmond Industrial Park | 19 | $1.4M |
| Northridge | 18 | $683K |
| Royal Oaks | 16 | $599K |
| Crystal Landing | 15 | $385K |
| Westpointe | 15 | $458K |
| Westgate | 15 | $1.7M |
| Cobblestone | 14 | $370K |
| Arbour Hills | 13 | $563K |
| Crystal Lake Estates | 12 | $503K |
| Summerside | 11 | $403K |
| Hillside | 11 | $487K |
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 396 active listings with a median price of $480K.
- Low price reduction rate (0% of listings)
- Slow-moving market (85 avg days on market)
- Average price per square foot is $229
Data sourced from CREA DDF® active and sold listings. Metrics computed from listing data updated daily. Prepared by Dan Braun with AI assistance, reviewed by our team.
Market data is calculated from active and recently sold MLS® listings as of July 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.