Recently Sold Homes in Downtown, Peace River
Track the market value of homes in Downtown. See sold history and average home prices for 2026.
Homes sold in the last 30 days
3
Typical sale price
$200,000
Average time to sell
31 days
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Downtown Sold Data Overview
Over the past 2 years, 22 homes have sold in Downtown, Peace River, with a median sold price of $124K. Sale prices have ranged from $42K to $313K. The typical home sells in 51 days, suggesting buyers have time to negotiate. Homes are selling at 95.2% of their list price — below asking price on average. Median property taxes in the area run approximately $2,160 annually. The most common property types sold include Detached Single Family (10), Lowrise Apartment (10), Half Duplex (1).
Recently Sold in Downtown
3 homes sold in the last 30 days. Showing 3 of 3 • Updated August 28, 2026 at 7:14 AM
View all 22 on the map
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Downtown Price Trends & Sale Statistics
See how the market is performing — prices, how fast homes are selling, and whether buyers or sellers have the advantage.
$123,500
Avg: $157,818
Range: $42,000 – $313,000
95.2%
Room for negotiation
83 days
$165
22 homes sold
Click a property type to view its trends in the chart below:
All Property Types
(click to filter chart)2-Year Market Trends: All Property Types
(12 months)Negotiation & Cost Insights
Sold Above Asking
5%
86% sold below
Median Property Tax
$2,160/yr
Avg: $2,255
Home Size Range
554 – 2,593
sq ft
Price Spread
±$86,607
standard deviation
22
Homes sold (last 2 years)
26
Currently for sale
8.7
Months of Inventory (MOI)
11.5%
Absorption Rate (30d)
4
New in August 2026
3 vs 0
Sold count (last 30 vs prior 30): 0.0%
Median price: $200,000 vs $0 (0.0%)
How does Downtown compare to Peace River?
Downtown typical sale price
$200,000
3 sold in last 30 days
Peace River typical sale price
$280,000
17 sold in last 30 days
Neighbourhood Guide: Downtown, Peace River
Neighbourhood Overview
Downtown Peace River is the vibrant heart of the town, set dramatically in a scenic valley where the Peace River meets the Heart River and Pat's Creek. This affordable neighbourhood balances picturesque riverside charm with convenient urban amenities, making it a hub for local commerce, community gatherings, and accessible living.
Location
Situated nearly 1,000 feet below the surrounding prairie landscape, Downtown stretches along the eastern bank of the Peace River. It is bounded by the winding river to the west and the steep valley walls to the east, acting as the central commercial and cultural anchor for northwestern Alberta.
Housing Character
The real estate landscape in Downtown Peace River is highly affordable, with the dominant property type being low-to-mid-rise apartment condominiums. These accessible multi-family buildings offer convenient, maintenance-free living for young professionals and downsizers, with a current market $157,818 that appeals to budget-conscious buyers and investors alike. Market activity remains steady, with an 83 days that reflects the consistent demand for affordable town-center housing.
Schools & Education
Families living in or near the downtown core have access to a variety of educational options through the Peace River School Division and the Holy Family Catholic Regional Division. While elementary and high schools like Springfield Elementary and Peace River High School are located in adjacent neighbourhoods, Downtown itself is home to the Vision Learning Centre and the Northern Lakes College Peace River Campus, offering accessible adult learning and trades training.
Transit & Access
Getting around Downtown Peace River is convenient, thanks to a compact, highly walkable layout. For longer trips, the town offers local public transit services and accessible taxi options, while regional connectivity is provided by intercity coach services like Cold Shot and Northern Express, which link Peace River to Grande Prairie and Edmonton.
Shopping & Dining
Downtown serves as the primary commercial district for the region, featuring a quaint Main Street lined with local boutiques, cozy cafes, and essential services. Residents can easily walk to local dining staples, pubs, and nearby grocery stores, ensuring all daily necessities are just steps away from their front door.
Parks & Recreation
The neighbourhood is defined by its spectacular outdoor spaces, most notably Riverfront Park. Located right along the water, this central park features a playground, boat launch, picnic areas, and a paved walking trail. Just steps away, residents can enjoy the Curtis Marshall Memorial Skateboard Park and the town's Water Play Park, providing ample recreational activities for all ages.
Lifestyle & Community
Life in Downtown Peace River is characterized by a strong sense of community and an active, outdoorsy lifestyle. Residents enjoy easy access to the river for boating and fishing, while the neighbourhood comes alive with annual events like the World Jet Boat Championships, River Days, and the festive Light Up the Park winter celebration. It is a deeply affordable, nature-connected community where the 95.2% highlights the practical value of its vibrant riverside setting.
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26 active MLS® listings · $220,000 median. See what's on the market today.
Frequently Asked Questions
Website provided by Kelly Grant
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Mortgage values are calculated by hômm and are provided for estimate purposes only.
The hômm Estimate is calculated by instantestimate.house and is provided as a general estimate only.
Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®, REALTORS®) and/or the quality of services they provide (MLS®, Multiple Listing Service®).
Listing information last updated on August 28, 2026 at 3:00 pm (America/Edmonton)
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