Market report · December 2024
Fort McMurray housing market: December 2024
The average sale price in Fort McMurray in December 2024 was $340,700, with no year-earlier figure to compare against. 57 homes sold against 74 new listings — 5.5 months of supply, a buyer's market.
What happened in December 2024
Fort McMurray recorded 57 sales in December 2024. Sellers brought 74 new listings to market, leaving 316 properties in inventory. At the month's pace of sales that is 5.5 months of supply, which puts Fort McMurray in a buyer's market. 77% of the month's new listings sold.
The average sale price across all property types was $340,700 and down 8.6% on the month.
AREA publishes an average sale price for Fort McMurray — not a benchmark or median. On roughly a hundred sales a month an average moves with the mix of what sold, so read sales, inventory and months of supply for the trend.
The two years to December 2024
By property type
| Type | Average sale price | YoY | Sold | New listings | Inventory | Months of supply |
|---|---|---|---|---|---|---|
| Detached | $471,345 | — | 29 | 46 | 205 | 7.1 |
| Semi-detached | $299,571 | — | 7 | 5 | 19 | 2.7 |
| Row / townhouse | $241,445 | — | 9 | 10 | 38 | 4.2 |
| Apartment | $123,408 | — | 12 | 13 | 54 | 4.5 |
| All types | $340,700 | — | 57 | 74 | 316 | 5.5 |
Source: the Alberta Real Estate Association, Fort McMurray, December 2024.
What this means for your mortgage
Market conditions shape the negotiation; your income, debts and the stress test decide what you can actually borrow. If you're planning a purchase in Fort McMurray, get the financing settled first — run your numbers, check today's rates, or start an application and we'll tell you exactly where you stand.
Buying in Fort McMurray?
Get a real pre-approval before you shop — it's the difference between a budget and a guess.