Market Report of November 2025

Dec 4, 2025 | Marla Janzen, Marlas Real Estate Market Report

Saskatoon Real Estate Market Update – November 2025

Saskatoon recorded 372 residential sales in November, a 2% year-over-year decline. Even with that dip, sales remained 25% above the 10-year average, showing how resilient buyer demand continues to be in the city.

🏷️Home Prices

The benchmark price for a typical home in Saskatoon came in at $431,400, slightly down from August’s record high of $435,900 but still up 7.4% year-over-year. Detached homes continue to lead the pack with strong values and steady sales, while townhouses and apartments show moderate but consistent growth.

 

🏠 New Listings Rise, But Inventory Still Tight

New listings increased to 469 units, up 8% from last year.
However, stronger sales activity prevented inventory from growing meaningfully. Total inventory sat at 808 units, which is still over 40% below historical norms.

It’s also important to note that 217 of those units were conditionally sold, leaving only 591 active listings heading into December.

Low supply continues to be one of the major storylines of Saskatoon’s market.

 

📈Prices Continue Their Upward Trend

The MLS® Benchmark Price for Saskatoon rose to $421,000 in November:

Up from $420,300 in October

Up 6.3% compared to November 2024

This marks yet another month of consistent price growth across most property types, driven by ongoing demand and historically low supply.

🛒 What This Means for Buyers

  • Expect strong competition, especially for well-priced detached homes.

  • Be prepared to act quickly and have financing ready.

  • Expanding your search into nearby communities may provide more options.

💰 What This Means for Sellers

  • Market conditions continue to favour sellers.

  • Low supply is helping homes sell quickly and close to list price.

  • If you’ve been considering selling, winter 2025 may offer better conditions than a typical winter market.

 

Stats

469

New Listings

372

Homes Sold

6.3%

benchmark price up year over year

8.7%

Inventory Year  over Year up

$492,643

Avg Price        Single family

$332,782

Avg Price Townhouse

$254,555

Avg Price apartment

34

Days on  Market

💬 What It Means

With demand remaining high and inventory still far below normal levels, Saskatoon’s real estate market is positioned to stay strong heading into early 2026. Unless a significant wave of new listings arrives, prices are likely to remain supported through the winter months.

📞 Ready to navigate this market? Let’s talk.

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