Moose Jaw’s real estate market had another strong showing in April, maintaining a 22-month streak of above-average sales. While slightly lower year-over-year when compared to April 2024—one of the strongest on record—sales continue to perform 14 per cent above the 10-year average.
“Inventory is tight in Moose Jaw, but not as tight as it’s been in prior months,” explained Cole Zawislak, Director of Public Affairs and Communications at SaskREALTORS.
“We’re sitting around two months of supply in Moose Jaw as of April 2025, with really solid sales for a good stretch of the last year.”
Zawislak indicated that inventory levels are manageable, although 70 per cent below historical norms for the area. In April there were 75 new listings in Moose Jaw, with 58 sales and a total active listing count of 118 available units as of the end of the month. It is worth noting that number includes properties that may be conditionally sold.
The tight supply has been reflected in fierce competition, with Zawislak noting that some individual properties have generated as many as 30 offers.
Limited inventory, combined with high demand has fueled steady growth in housing prices in the city, with the residential benchmark price increasing to just under $271,000. That jump in prices amounts to an 11 per cent year-over-year increase compared to April 2024’s benchmark price of $253,000.
“This isn’t a one-month thing, Moose Jaw is leading the pack in price growth here for the last year. Not every month, but I would say, more often than not, we’ve seen monthly double-digit price growth for probably six of the last 12 months,” said Zawislak.
Demand remains highest for properties in the $100,000 to $300,000 price range, with detached single-family homes making up the lion's share of home sales last month, consistent with trends across the province.
Increased interest from out-of-province buyers, primarily from Ontario and B.C., attracted by the relative affordability of Moose Jaw’s housing and lower cost of living, are also fueling demand in the city.
“(Homes in Moose Jaw are) relatively affordable, especially when you consider not only some other markets across the country, Calgary, Toronto, Vancouver... but it’s relatively affordable compared to Regina, Saskatoon, and some of those larger centres as well,” Zawislak noted, putting the 10 per cent year-over-year dip when compared to April 2024 into context.
“If you look at some other markets, Vancouver's down 24 per cent year over year. In April, Toronto, same thing 24 per cent, Calgary is down 22 per cent. So, we talked a lot about how Saskatchewan and Moose Jaw are outperforming many other markets across the country. That stands true in April and has for the last few months.”
He said that the numbers tell a good story about Saskatchewan’s market, demonstrating what he called ‘incredible resilience’ in the face of economic uncertainty, the threat of tariffs impacting costs, and inventory challenges faced provincewide.