Real Estate Market Report | Calgary | January 2025
Affordability leads the market
Home buyers continue to purchase in Calgary – due to the strong economy as well as an increase in migration. The strongest market in Canada continues to see significant demand primarily in apartments in attached homes.
We help provide home buyers and sellers with the data they need to be successful. When you have access to accurate and relevant data, you can be more confident in setting the price of your home and selling it or buying at the right price.
With many important factors to consider (what kind of home you have, what community etc.), it’s important to look specifically at what the housing market is doing in your neighbourhood.
Bōdesellers are more successful and actually make more money, on average, than the rest of the market. We are also here to make sure you have the information you need to make the decisions that are right for YOU!
Calgary Real Estate Market Trends: January 2025 Overview
Let’s start with a Macroeconomics view
To understand what’s happening in the real estate market you have to look at supply and demand.
The best proxies for supply and demand are:
Supply
New supply: New Listings (i.e. the number of homes recently listed for sale)
Total supply: Inventory (i.e. the total number of homes listed for sale)
Demand
Sales (i.e. the number of homes recently sold)
Supply & Demand
Months of Supply (i.e. the number of months it would take to sell all current inventory at the current rate of sale)
These metrics are the best indicators of the health of the real estate market. Let’s look at what they show us.
Calgary’s real estate market in December 2024 showed resilience despite seasonal slowdowns. While sales dipped 3% year-over-year to 1,322 units, they remained 20% above long-term trends. The benchmark price reached $572,400. Inventory improved to 2,989 units, offering some relief to buyers. However, the market remained firmly in seller’s territory with a sales-to-new-listings ratio of 107%. Compared to November, prices cooled slightly, with the benchmark price decreasing from last month.
Calgary's Detached Homes
In the detached housing segment, sales reached 613 units in December. The benchmark price for detached homes climbed to $678,900, representing a robust 8.6% year-over-year increase. This growth was particularly strong in more affordable areas like the North East and East. The average price for detached homes was $785,414, showing an 8.6% yearly growth and a 1.4% monthly increase from November. This sector continued to lead the market, driven by strong demand for homes above $600,000.
Calgary's Apartments
The apartment market saw 357 sales in December. Despite a 24% decline in sales compared to November, apartment-style units showed substantial price gains. The benchmark price for apartments reached $338,100, marking a significant 7% increase from the previous year. The average price was even higher at $358,432, up 14% year-over-year and 1.3% from November. This performance highlights the growing appeal of more affordable housing options in Calgary’s competitive market.
Calgary's Attached Homes
The attached housing market, comprising semi-detached and row homes, showed mixed results. Semi-detached sales increased by 7% year-over-year, with benchmark prices rising to $677,600, an 8% annual increase. Row homes saw 228 sales, with benchmark prices reaching $447,400, up 6% from the previous year. The average price for townhouses was $448,425, showing a 7.2% yearly increase but a 3.7% decrease from November. This segment benefited from improved inventory levels, which helped ease pressure on prices, particularly in higher-priced areas.
It’s critical to understand the dynamics in your local property market
To understand your local property market you need to look at your local data. Head over to Bōde’s new and improved Market Data dashboard, the only place where you can see all the data yourself, including being able to filter on community, property type, and price range to see exactly what’s happening where you live.
You can also see the sold price of any home that has sold in the last 2 years using Bode’s Sold Data page.
If you’re thinking about selling, take a look at how Bōde helps sellers sell for 1.3% higher prices while paying 50% less commission.
Want to Buy or Sell Your Home easily?
Welcome to Bōde
Bōde has created a marketplace to allow you to get transparent home data, set your price, and list your home on MLS (and 1000+ more sites). We will advertise your home and walk you through the whole sale process for 1% up to a maximum of $10K, only when the home sells.
Looking to buy? Bōde empowers buyers to purchase any Bōde property – for no charge.
With your free Bōde account, you don’t need an agent – you are completely in charge of your home sale or purchase and get to keep more of the money you invested in your home!
Get started at bode.ca
Why Bōde?
What homeowners are saying about Bōde
