Are home prices rising or falling in Penhold?

Currently, sold prices in Penhold are showing a steady, flat-to-modest-growth trajectory. The market has transitioned into a balanced state rather than experiencing extreme spikes or severe corrections. Steady demand from interprovincial migration and nearby Red Deer commuters helps maintain baseline property values without dramatic inflation.

How long are recently sold homes sitting on the market?

Properties in Penhold are moving at a reasonable, measured pace. On average, homes spend 36 days active before finding a buyer. This timeline indicates a balanced market where buyers have adequate time to perform due diligence, and sellers are rewarded for accurate pricing and strong property presentation.

What types of homes are selling most in Penhold?

The dominant property type turning over in the Penhold market is the detached single-family home. These properties are highly sought after by families and professionals seeking space and affordability within a short commute to Red Deer. Townhouses and duplexes represent a smaller, but still active, segment of local sales.

How does Penhold compare to neighbouring real estate markets?

Penhold stands out for its structural affordability when compared to larger urban centres in Central Alberta, like Red Deer or Sylvan Lake. Buyers often find that their purchasing power stretches further here, allowing them to secure larger detached homes while still enjoying quick highway access to regional amenities and employment hubs.

Recently Sold • Alberta

Penhold Sold House Prices & Market Data

Access MLS® past sales data for Penhold. Compare sold home prices and find comparable sales for your neighbourhood.

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Homes sold in the last 30 days

Typical sale price

$445,000

Average time to sell

35 days

Data last updated: Just now

Understanding the Penhold real estate market starts with MLS® past sales data. Our sold listings show you what houses sold for over the last 2 years — from condos and townhouses to single-family homes and luxury properties.

Use this MLS® sold real estate data to find comparable sales in your area. Whether you're pricing your home to sell or making an offer, knowing the average home price in Penhold for 2026 puts you ahead of the competition.

Penhold Sold Data Overview

Over the past 2 years, 154 homes have sold in Penhold, with a median sold price of $384K. Sale prices have ranged from $128K to $673K. The typical home sells in 25 days, showing a balanced market. Homes are selling at 98.9% of their list price — very close to asking price. Median property taxes in the area run approximately $3,322 annually. The most common property types sold include Detached Single Family (106), Townhouse (40), Half Duplex (5).

Recently Sold in Penhold

11 homes sold in the last 30 days. Showing 6 of 11 • Updated July 14, 2026 at 12:51 AM

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$600K – $700K

2026

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House|Hawkridge Estates

4 beds

4 baths

2,158 sqft

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$300K – $400K

2026

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$400K – $500K

2026

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$300K – $400K

2026

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$300K – $400K

2026

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$500K – $600K

2026

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Penhold Price Trends & Sale Statistics

See how the market is performing — prices, how fast homes are selling, and whether buyers or sellers have the advantage.

Median Sold Pricen=154

$383,500

Avg: $397,415

Range: $127,500 – $673,000

Sold % of Askingn=154

98.9%

Homes selling near asking

Avg Time to Selln=22(3-mo avg)

36 days

Seller's Market

3-mo avg

Avg $/Sqftn=154

$331

154 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

(25 months)

$497k$404k$311k

J25

J26

Jul 2024: $318,000+41.3% changeJul 2026: $449,483

Negotiation & Cost Insights

Sold Above Asking

16%

64% sold below

Median Property Tax

$3,322/yr

Avg: $3,140

Home Size Range

689 – 2,191

sq ft

Price Spread

±$94,754

standard deviation

154

Homes sold (last 2 years)

Currently for sale

1.8

Months of Inventory (MOI)

55.0%

Absorption Rate (30d)

New in July 2026

11 vs 6

Sold count (last 30 vs prior 30): +83.3%

Median price: $445,000 vs $403,950 (+10.2%)

Neighbourhood Sold Data

Browse recently sold homes by neighbourhood.

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Hawkridge Estates Oxford Landing Palisades Park Place Penhold Estates

See Penhold MLS® listings for sale

20 active MLS® listings · $479,900 median. See what's on the market today.

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Sell your Penhold home for cashSkip the listing. Get a REALTOR®-assessed cash offer for your Penhold home — no fees, no staging, close on your timeline.Get my cash offer

Frequently Asked Questions

The residential market in Penhold primarily features mid-range detached single-family properties. Based on recent transactions, the benchmark for the area is reflected in an average value of $397,415. Prices can fluctuate based on exact location, lot size, and property condition, but overall, the town maintains an affordable profile compared to larger cities.

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 July 14, 2026 at 1:00 am (America/Edmonton)

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