Lethbridge Market Report Mar 2026 | Prices Down 13.3%

Executive Summary

The Lethbridge, Alberta real estate market is currently classified as a balanced market. The median asking price is $485K, down 13.3% over the past 30 days.

There are currently 365 active listings. Inventory has increased 73.8% compared to last month.

Currently, listings spend an average of 42 days on market and the average price per square foot is $363.

Detached properties make up the largest share of the Lethbridge market at 88% of active listings with an average price of $553K. Condo listings follow at 13% (avg $390K).

Sales Activity & Absorption

Volume

365

Active

Avg DOM

158

New (30d)

New (7d)

Market Signals

Price Cuts (30d)

New (7d)

Price Cuts

New (7d)

158 new listings appeared in the past month.

Neighborhoods

Area	Listings	Avg Price	Median
Discovery	30	$566K	$560K
Downtown	23	$1.1M	$520K
Copperwood	19	$522K	$525K
Southridge	18	$496K	$368K
Varsity Village	18	$375K	$382K
Indian Battle Heights	18	$403K	$390K
Southgate	15	$1.2M	$730K
Riverstone	14	$720K	$687K
Blackwolf 2	14	$507K	$540K
Garry Station	12	$517K	$572K
Country Meadows Estates	10	$560K	$560K
Parkbridge Estates	10	$264K	$260K

Avg 1 schools nearbyAvg 6 parks nearbyAvg 3 transit stops nearby

Interest Rates & Affordability

Current Rates

Bank of Canada Policy Rate2.25%

Prime Rate4.45%

Est. Variable Rate (Prime + 0.5%)4.95%

Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.

Estimated Monthly Payment

Based on median price of $485K, 20% down, 25yr amortization

$2,257/mo

at 4.95% variable rate

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 Lethbridge market currently has 365 active listings with a median price of $485K.

Prices declining (-13.3% in 30 days)
Low price reduction rate (0% of listings)
Average price per square foot is $363

For Buyers

The Lethbridge market is balanced. You have reasonable options, but well-priced homes will still draw interest. Get pre-approved and stay informed on new listings. There were 39 new listings in the past week.

For Sellers

Price your home realistically based on recent sales. Focus on presentation and highlight unique features. Well-priced properties are still selling within reasonable timeframes.

Search Lethbridge

Browse all 365 active listings.

View All Listings

Resources

Market data is calculated from active and recently sold MLS listings as of March 1, 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.