🏘️ Millrise SW Calgary Real Estate Market Summary Q1 2025

Millrise kicked off 2025 with a balanced yet active real estate performance:

• Total Sales: 30 homes sold (-3.2% YoY)

• New Listings: 37 listings (+12.1% YoY)

• Sales-to-New-Listings Ratio (SNL): 81.08%, indicating strong demand relative to supply.

• Average Days on Market (DOM): 29 days, up 124.5% from Q1 2024.

• Average Inventory: 13 units (+143.8% YoY)

• Months of Supply: 1.30, keeping Millrise in a seller-favored market.

🏡 Market Trends

🏠 Detached Homes

• Sales: 17 (up 30.8% YoY)

• Benchmark Price: $605,233 (+10.78% YoY)

• Average Price: $630,753

• Median Price: $642,500

• Detached homes continue to dominate the market in value and demand. Most sales occurred in the $600K–$700K range, with limited inventory keeping prices strong.

🏘 Row Homes

• Benchmark Price: $398,900 (+5.75% YoY)

• Average Price: $440,000

• Median Price: $461,667

• Row homes are seeing renewed buyer interest from young families and downsizers, especially given their relative affordability and access to green space.

🏢 Apartments

• Benchmark Price: $331,033 (-1.9% YoY)

• Average Price: $285,000

• Median Price: $274,700

• The apartment market cooled slightly this quarter, with minor price declines, likely due to increased supply and slower absorption. Still, this remains a key entry point for first-time buyers.

🏚 Semi-Detached Homes

• Benchmark Price: $546,267

• Limited sales this quarter, but when available, semis tend to attract steady interest thanks to their mid-range pricing and family-friendly layouts.

💰 Price Growth Summary

• Total Residential Benchmark Price: $465,933 (+6.7% YoY)

• Average Price: $507,337 (+13.1% YoY)

• The price trajectory continues upward, especially for detached homes, while apartment and row segments remain more accessible.

🏫 Millrise Community Highlights

• Our Lady of Peace School hosted a STEM Innovation Fair in February, showcasing student projects and tech-based learning initiatives. This drew attention from local families and contributed to Millrise’s growing appeal among young households.

• Millrise Pre-K Program at the community center saw record enrollment for Spring 2025, reflecting a demographic shift toward younger families moving into the neighborhood.

🎉 Community Events

• The Millrise Winter Lights Festival returned in January, drawing over 1,000 residents for an evening of food trucks, firepits, and music. Events like this highlight the strong community spirit that makes Millrise attractive to buyers.

• Community-led Neighbourhood Clean-Up Day was announced for late March, reflecting civic pride and increasing homebuyer confidence in the area’s upkeep and desirability.

🔑 Key Insights

• Millrise remains a strong seller’s market, especially for detached homes and mid-range row houses.

• The benchmark price trend remains upward, albeit moderately, with inventory slightly expanding.

• Apartments offer affordability but face a slower sales pace.

• Community vibrancy, strong school engagement, and proximity to LRT and parks are key factors fueling Millrise’s steady real estate appeal.