Current Saskatoon Real Estate Market Data
The table below summarizes residential market activity in the City of Saskatoon. Figures come from the Saskatchewan REALTORS® Association (SRA), which publishes monthly MLS® System statistics for Saskatoon and the surrounding region. We update this section after each monthly release.
Report month: August 2026 | Last updated: October 3, 2026
| Measure | August 2026 | Change vs. August 2025 |
|---|
| Residential Sales | 446 | Down 1% (7% above the long-term average) |
| New Listings | — | Up more than 12% |
| Total Listings Available (month end) | 965 | — |
| Conditionally Sold Listings | 239 | — |
| Active Listings (excluding conditional sales) | 726 | — |
| Months of Supply (effective) | 1.63 | — |
| Benchmark Price (MLS® HPI) | $444,700 | Up about 3% |
| Average Sale Price | — | — |
| Average Days on Market | — | — |
| Year-to-Date Sales | — | — |
Source: Saskatchewan REALTORS® Association, Residential Market Watch, August 2026 (released September 2, 2026). — = not included in that month's release. Effective months of supply is calculated using active listings after removing conditionally sold homes. Statistics are city-wide and do not predict the value of any individual property. Warman, Martensville and other surrounding communities are reported separately as part of the Saskatoon-Biggar region.
What August's numbers mean: sales were steady and well above long-term norms, more sellers listed than a year earlier, and prices kept rising at a moderate pace. Even so, with about 1.6 months of effective supply, the SRA still describes Saskatoon as the most supply-constrained market in Saskatchewan, so well-priced homes in popular areas continue to sell quickly.
Want to see what is happening right now, not last month? Browse homes listed in the last 24 hours or search every active Saskatoon MLS® listing.
Understanding Saskatoon Real Estate Market Statistics
Market reports are full of terms that sound similar but measure very different things. Here is what each one means in practical terms.
Sales
The number of homes that sold during the month, meaning the deal became firm. More sales than usual signals strong buyer activity. Sales also follow the seasons in Saskatoon, so compare a month to the same month last year rather than to the month before.
New Listings
Homes that came on the market during the month. New listings show how many sellers are choosing to list. When new listings rise faster than sales, buyers get more choice.
Active Listings (Inventory)
The total number of homes for sale at the end of the month, including ones listed in earlier months. This is the pool of homes a buyer can actually choose from today.
Conditionally Sold Listings
Homes with an accepted offer that still has conditions to clear, such as financing or a home inspection. They are not yet counted as sales, so they are an early sign of where sales numbers are heading.
Months of Supply
How long it would take to sell every active listing at the current pace of sales, if no new homes were listed. It is calculated by dividing active listings by monthly sales. Lower numbers mean a tighter market. A common rule of thumb is that under about 4 months favours sellers, roughly 4 to 6 months is balanced, and over 6 months favours buyers, but conditions can differ a lot by price range and property type.
Benchmark Price
The benchmark price comes from the MLS® Home Price Index (HPI). It estimates the price of a typical home with common features in a given area, and it is adjusted so it isn't skewed by the mix of homes that happened to sell. It is the most reliable single number for tracking whether Saskatoon prices are rising or falling over time.
Average Sale Price
The total value of all sales divided by the number of sales. It is easy to understand but swings with the mix of homes sold. A month with several luxury sales pushes the average up even if typical home values didn't change. Use it alongside the benchmark price, not instead of it.
Days on Market
How long homes take to sell, on average, from listing to sale. Falling days on market suggests buyers are acting quickly. Rising days on market suggests buyers have more time and more choice.
Saskatoon Real Estate Market History
One month of data can be misleading. Seasonal swings, a few unusual sales or a slow holiday period can all move the numbers. Tracking month after month shows the real direction of the market and helps you judge whether today's prices and inventory are normal, high or low for Saskatoon.
| Month | Sales | Sales vs. Last Year | Active Listings* | Months of Supply* | Benchmark Price |
|---|
| August 2026 | 446 | Down 1% | 726 | 1.63 | $444,700 |
*Excluding conditionally sold listings. Source: Saskatchewan REALTORS® Association monthly Residential Market Watch. A new row is added after each monthly release, so this table grows into a long-term record of the Saskatoon housing market.
Why Local Saskatoon Real Estate Knowledge Matters
Saskatoon is not one uniform market. A headline that says "prices are up" or "inventory is rising" describes the city as a whole, but the home you want to buy or sell sits in a much smaller market of its own. Conditions can differ by:
- Neighbourhood: a character home in a mature area like Nutana or Varsity View competes with very different homes than a newer build in Brighton or Aspen Ridge.
- Property type: detached houses, townhouses and condos often move at different speeds and see different price trends.
- Price range: entry-level homes can be competitive while higher price ranges have more choice, or the reverse.
- Age and condition: updates, foundation type, basement development and lot size all change how buyers value a home.
- Inventory and demand at that moment: a single new listing on the right street can change a seller's competition overnight.
The same applies outside the city. Warman and Martensville are reported together with the rest of the Saskatoon region, and each has its own mix of newer homes, lot sizes and commuter appeal. Reading the market well means looking past the city-wide numbers to the specific homes that compete with yours.
What the Saskatoon Real Estate Market Means for Buyers
Market data can't tell you whether to buy, but it can help you buy well. Here is how to use it.
Deciding when to start looking
Rising active listings and months of supply mean more choice and usually less pressure. Low inventory means you should have your mortgage pre-approval ready before you start booking showings. Your timing should be driven by your own needs and finances first, and by the market second.
Gauging how competitive the market is
Low months of supply and short days on market suggest well-priced homes may get multiple offers. In your price range and preferred neighbourhoods, that can be very different from the city-wide average.
Evaluating asking prices and comparing properties
An asking price is the seller's opinion. Recent sales of similar homes nearby tell you what buyers have actually paid. Before you make an offer, we prepare a comparison of recent sales and current competition so you can judge whether the price is reasonable.
Approaching negotiations
A home that has been on the market longer than similar homes, or has had price changes, may leave more room to negotiate. In a busy segment, the strength of your terms (deposit, conditions and possession date) can matter as much as price.
Spotting opportunities
Opportunities often hide in the details: a neighbourhood next to a more popular one, a home that photographs poorly but shows well, or a property type that is selling more slowly than the rest of the market. Set up saved searches and listing alerts when you search Saskatoon homes so you hear about new listings quickly.
What the Saskatoon Real Estate Market Means for Sellers
Market data helps sellers set realistic expectations and make better decisions about pricing and timing. Keep in mind that individual homes can perform quite differently from the overall market.
Understanding your competition
Buyers compare your home to the other homes for sale at the same time, not to the city average. Knowing what is currently listed in your neighbourhood and price range is one of the most useful pieces of information you can have. Street Match lets you draw an area around your home and see what is listed nearby.
Reading buyer demand
Sales trends, conditionally sold listings and days on market show how quickly buyers are acting. Strong demand can support a confident list price. Softer demand means presentation and pricing need to be sharper.
Pricing with comparable sales
Recent sales of similar homes are the foundation of any pricing strategy. You can request sold prices in your area or start with a free home value estimate, then we prepare a detailed market analysis for your specific home.
Positioning and negotiation
Rising inventory gives buyers more leverage, so pricing, preparation and marketing matter more. In a tighter market, sellers may have more control over terms, but overpricing still costs time. We help you understand which conditions you are actually facing before you set a price.
Saskatoon Real Estate Market by Property Type
Different kinds of homes behave like different markets. Start your research with the type of property that fits your plans:
Saskatoon Area Real Estate
Our focus is the City of Saskatoon and the communities around it, where many buyers compare city living with a short commute.
Explore Saskatoon Neighbourhoods
Neighbourhood research is where good home decisions are made. Each of our Saskatoon neighbourhood guides covers the housing types and price ranges you can expect, nearby amenities, schools, parks, transportation, shopping and recreation, along with the homes currently for sale in that area.
Not sure where to start? The Saskatoon Neighbourhood Match Quiz asks about your lifestyle and priorities and suggests areas worth a closer look. You can also browse every neighbourhood guide from the Areas menu, from mature areas like Nutana and Caswell Hill to newer communities like Brighton, Evergreen and Stonebridge.
The Trusted Realty Difference
Trusted Realty, Powered by RE/MAX Saskatoon is the team of Saskatoon REALTORS® Clayton McNally and Jessica Hamel. We focus on one thing: helping people buy and sell homes in Saskatoon and the surrounding area. We don't do rentals. Here is what that looks like in practice.
Local Saskatoon market knowledge
Pricing a home or judging an offer depends on details that city-wide statistics miss: how a particular neighbourhood is moving, what buyers pay for a developed basement or a double garage in that area, and which listings are really competing with each other. We study those details every day across Saskatoon, Warman, Martensville and the surrounding communities.
A better way to search for a home
HousesInSaskatoon.com gives you more than a basic MLS® feed. You can search every active listing with saved searches and email alerts, see homes listed in the last 24 hours, find homes with suites and acreages in one place, compare home styles with the This or That quiz, find your fit with the neighbourhood match quiz, keep an eye on your street with Street Match, and run numbers with the mortgage calculator.
Helping buyers make better decisions
Finding a home is only part of buying one. We help you evaluate the property and the neighbourhood, review comparable sales, think about resale potential, flag possible concerns before you commit, negotiate price and terms, and keep every condition and deadline on track through to possession day. For legal, tax and financing questions, we work alongside your lawyer and lender.
Helping sellers prepare and position their home
For sellers, we review your current competition and recent comparable sales, recommend a pricing strategy, help you prepare the home, market it to buyers, evaluate offers, negotiate and guide you through to closing. No one can promise a particular sale price, but a well-prepared, well-priced home gives you the best chance at a strong result.
A Better Way to Research Saskatoon Real Estate
We built HousesInSaskatoon.com so buyers and sellers can do their homework in one place:
- Search properties across Saskatoon and area with live MLS® listings.
- Research neighbourhoods with detailed area and community guides.
- Understand market conditions with the data and explanations on this page.
- Explore sold information by requesting recent sold prices in your area.
- Learn about buying and selling through the Saskatoon Home Buyer's Guide and FAQ.
- Connect with a local REALTOR® when you are ready, with no pressure.
Clayton McNally & Jessica Hamel, REALTORS®
Clayton McNally, REALTOR®, has more than 15 years of experience helping clients buy and sell homes in Saskatoon and the surrounding areas, and was inducted into the RE/MAX Hall of Fame in 2026. Jessica Hamel, REALTOR®, works alongside Clayton, bringing close knowledge of the Saskatoon market and a focus on strategic negotiation. Together they are Trusted Realty, Powered by RE/MAX Saskatoon, based at 324 Duchess Street in Saskatoon. The team has consistently earned the RE/MAX 100% Club Award year after year.
If you are thinking about buying or selling in Saskatoon, Warman, Martensville or the surrounding communities, call 306.341.4401 or send a message using the form below. Learn more about our team.
Saskatoon Real Estate Market FAQ
What is happening in the Saskatoon real estate market right now?
In August 2026, Saskatoon recorded 446 residential sales, new listings rose more than 12% from a year earlier, and the benchmark price reached $444,700, according to the Saskatchewan REALTORS® Association. Inventory remains tight at about 1.6 months of effective supply. See the current market data for the latest release, and today's new listings for day-to-day activity.
What is the benchmark price in Saskatoon?
The benchmark price is the estimated price of a typical home based on the MLS® Home Price Index. Saskatoon's residential benchmark price was $444,700 in August 2026, about 3% higher than a year earlier, according to the Saskatchewan REALTORS® Association. Check the market data section for the most recent figure.
What is the average home price in Saskatoon?
The average sale price changes every month and depends heavily on the mix of homes that sold. The benchmark price, $444,700 in August 2026, is a more reliable picture of typical values. See the current market data for the latest figures.
Are Saskatoon home prices increasing?
Yes, at a moderate pace as of the latest data: the benchmark price was up about 3% year over year in August 2026. Compare future months in the market data table and the monthly history. Trends in your neighbourhood and property type can differ from the city as a whole.
How many months of inventory does Saskatoon have?
Saskatoon entered September 2026 with 1.63 months of effective supply (726 active listings after removing 239 conditionally sold homes), according to the Saskatchewan REALTORS® Association. That is very low by historical standards.
Is Saskatoon a buyer's or seller's market?
Months of supply is the most common indicator. As a rule of thumb, under about 4 months favours sellers, 4 to 6 months is balanced and over 6 months favours buyers. With about 1.6 months of effective supply in August 2026, Saskatoon overall leans toward sellers, though conditions vary by price range, neighbourhood and property type.
Is Saskatoon a good place to buy a home?
That depends on your finances, plans and how long you expect to stay. Saskatoon offers a wide range of neighbourhoods and home types, and nearby cities like Warman and Martensville add more options. Use the market data, neighbourhood guides and buyer's guide to decide whether the timing and the home are right for you.
How do I find homes for sale in Saskatoon?
Search all active Saskatoon MLS® listings and save your search to get email alerts for new matches. You can also browse by city, by neighbourhood through the Areas menu, or by type, such as income properties and acreages.
How do I find out what homes recently sold for in Saskatoon?
Request sold prices in your area and we will send you recent sales for the neighbourhood you are interested in.
What neighbourhoods should I consider in Saskatoon?
It depends on your budget, commute, school needs and preferred home style. The neighbourhood match quiz is a quick way to narrow it down, and each neighbourhood guide describes the area in detail.
How do I find out what my Saskatoon home is worth?
Start with a free home value estimate. An online estimate is a starting point. For an accurate value, we prepare a market analysis based on recent comparable sales, current competition and your home's condition and features.
What should I know before buying a home in Saskatoon?
Get pre-approved, know your full budget including closing costs, research neighbourhoods, and understand how conditions protect you in an offer. Our Saskatoon Home Buyer's Guide and FAQ cover each step in detail.
Market statistics on this page are general information about the Saskatoon market and are not an appraisal or a prediction of any property's value. This page is not legal, tax or financial advice.
