Average Home Prices in Spruce Grove, Alberta: What You Need to Know in 2025

In 2025, the average home price in Spruce Grove is approximately $425,000, based on recent sales data. However, current listings show an average list price closer to $554,000, indicating a range of property values. Entry-level homes start at about $250,000, while luxury homes can exceed $800,000, offering options for various budgets.

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Neighborhood Variations

Popular neighborhoods like Jesperdale, Deer Park, Spruce Ridge, and Greenbury have average home prices around $425,000. Prices can fluctuate depending on property size, condition, and proximity to amenities like schools or parks.

Factors Affecting Prices

Location near top schools or recreational facilities, the type of home (e.g., single-family vs. condo), and market demand significantly impact prices. New constructions with modern features tend to be pricier, appealing to buyers seeking energy-efficient homes.

Market Insights

Spruce Grove's real estate market appears stable, with homes selling in about 51 days on average. Compared to Edmonton's average home price of $400,000, Spruce Grove is slightly more expensive but offers a suburban lifestyle that many find appealing.

Detailed Analysis and Findings

Introduction

Spruce Grove, Alberta, a charming city just 11 km west of Edmonton, is a magnet for families, first-time buyers, and investors drawn to its safe neighborhoods, excellent schools, and vibrant community. Understanding the average home prices in Spruce Grove is crucial for anyone looking to buy or sell in this growing market. This article dives into the 2025 average home prices, explores neighborhood variations, and highlights key factors influencing the market, all while keeping things friendly and approachable. For further research, check out local real estate websites like yeg4sale.ca.

Current Average Home Prices

As of April 20, 2025, the average home price in Spruce Grove, based on recent sales, is approximately $425,000. This figure reflects the typical cost of homes sold, making it a useful benchmark for buyers and sellers. However, current market listings show an average list price of $554,000, with a median list price of $584,950, suggesting that higher-end properties are also in demand. Here's a breakdown of price ranges:

• Entry-level homes: Starting at around $250,000, ideal for first-time buyers or those seeking fixer-uppers.

• Single-family homes: Typically range from $375,000 to $525,000, catering to families.

• Luxury homes: Custom builds in upscale areas can exceed $800,000, offering premium features.

These ranges reflect the diversity of housing options, from affordable condos to spacious family homes.

Factors Influencing Home Prices

Several factors shape home prices in Spruce Grove, making it a dynamic market:

• Location: Homes near top-rated schools like Copperhaven School or recreational hubs like the TransAlta Tri Leisure Centre often command higher prices due to their convenience and appeal.

• Home Type: Single-family homes are pricier than townhouses or condos, while new constructions with energy-efficient features can push prices toward the higher end.

• Size and Lot: Larger homes or those on bigger lots naturally cost more, appealing to buyers seeking space.

• Condition: Well-maintained or recently renovated properties tend to sell at a premium compared to those needing repairs.

• Market Conditions: With 201 active listings and an average of 51 days on the market, Spruce Grove's market is balanced, but high demand can drive prices up in certain areas.

These factors create a range of opportunities for buyers, from budget-friendly starter homes to high-end properties.

Comparison with Nearby Areas

Comparing Spruce Grove to nearby Edmonton provides valuable context. Edmonton's average home price in 2025 is around $400,000, slightly lower than Spruce Grove's $425,000. However, Spruce Grove offers a quieter, suburban lifestyle with larger lots and a strong community feel, which many buyers prioritize. Nearby Stony Plain and Parkland County have similar price ranges, but Spruce Grove stands out for its accessibility to Edmonton (a 15-20 minute commute via the Yellowhead Highway) and robust amenities, making it a competitive choice.

Market Trends

Spruce Grove's real estate market in 2025 is stable and growing, with homes averaging 51 days on the market, indicating a healthy balance between supply and demand. The median list price of $584,950 reflects strong interest in mid-to-high-end properties. Key trends include:

• Rise in New Constructions: Modern, energy-efficient homes are increasingly popular, often priced from $400,000 to over $1,000,000.

• Investment Opportunities: The rental market is thriving, driven by Spruce Grove's growing population and demand for housing from students, professionals, and families.

• Steady Appreciation: Experts predict continued growth in home values, fueled by infrastructure developments and the city's appeal as a family-friendly destination.

These trends suggest that Spruce Grove remains a sound investment for both homeowners and investors.

Key Takeaways

• Average Home Price: Approximately $425,000 for sold homes, with an average list price of $554,000.

• Price Range: From $250,000 for entry-level homes to over $800,000 for luxury properties.

• Neighborhood Variations: Jesperdale, Deer Park, Spruce Ridge, and Greenbury average around $425,000.

• Influencing Factors: Location, home type, size, condition, and market conditions drive prices.

• Comparison with Edmonton: Slightly higher than Edmonton's $400,000 average, offering a suburban lifestyle.

• Market Outlook: Stable with steady growth, particularly in new constructions and rentals.

Frequently Asked Questions (FAQs)

1. What is the average home price in Spruce Grove?The average home price in 2025 is around $425,000 for sold homes, with an average list price of $554,000.

2. How do home prices vary across Spruce Grove neighborhoods?Neighborhoods like Jesperdale, Deer Park, Spruce Ridge.Concurrent user sessions detected. Please wait a moment and try again.