Is Saskatoon a Good Place to Live? May 2025 Real Estate Trends and Insights

Saskatoon continues to draw people due to economic opportunity, but also as one of the most livable mid-sized cities in Canada. Whether you’re already a resident or exploring what it’s like to live in Saskatoon, the latest real estate numbers from May 2025 paint a clear picture: this is a growing, thriving city that more people are choosing to call home.

Last month, Saskatoon saw 544 residential sales. While this is a slight decrease from May 2024, it is still nearly 20% above the 10-year average. That signals to us that demand remains steady, especially as new residents look to move to a city that offers affordability, opportunity, and quality of life.

Saskatoon's housing market coninues to show strenght and stability which may be a draw for those looking to relocate to Saskatoon. The benchmark home price rose to a record breaking $433,700 in May, a staggering 9.2% from a year earlier. Detached homes continue to grow in demand, with the average now over $507,000. Homes in the mid to upper range continue to sell quickly — many receiving multiple offers — with a median sale price of $522,500. As interest rates hold steady, peoples affordabiltiy increases which is showing in the offers we receive.

With 903 new listings coming to market in May, but only 881 active at the end of the month and many of those conditionally sold, inventory remains tight. On average, homes are selling within 25 days, and often above asking price — a clear indicator of competitive conditions. For buyers relocating to Saskatoon or exploring life here for the first time, preparation is key. Financing pre-approvals, flexible timelines, and a local agent who knows the neighborhoods can make all the difference. If you have a home to sell, it is imperative to review all options and be prepared to list your home in case yours is the accepted offer.

Saskatoon’s population has been steadily growing, and the city’s real estate trends reflect that. Neighborhoods like Evergreen, Willowgrove, and Rosewood continue to be popular with families and professionals alike, thanks to their newer builds, nearby amenities, and easy access to green space and schools. For many, living in Saskatoon means a balance of urban convenience and relaxed prairie living — something increasingly hard to find in larger urban centres.

If you’ve ever asked, “Is Saskatoon a good place to live?”, the answer is increasingly yes — and the housing market backs it up. With a strong local economy, a welcoming community, and a housing market that still offers excellent value relative to other Canadian cities, Saskatoon is firmly on the radar of buyers from across the country.

Whether you’re buying, selling, or simply exploring the possibilities of life in Saskatoon, staying up to date on market trends is a smart move. And as we head into the summer months, continued growth seems to be on the horizon, both in home values and in the city’s appeal as a place to live, work, and invest.