Cranston’s housing market in Q1 2025 showed healthy momentum, characterized by rising demand, low inventory, and continued price stability, especially among detached homes.

📊 General Market Trends:

• Sales: 109 (▲9.0% YoY)

• New Listings: 176 (▲53.0% YoY)

• Sales-to-New-Listings Ratio (S/NL): 61.93% – indicative of a balanced to seller-leaning market

• Average Days on Market: 31 (▲26.5% YoY)

• Months of Supply: 1.88 (▲129% YoY) – still relatively tight despite increases

• Benchmark Price (All Residential): $626,967 (▲2.46% YoY)

🏠 Property Type Breakdown

🔹 Detached Homes

• Sales: 62 (↑12.7% YoY)

• Benchmark Price: $769,700 (↑5.4% YoY)

• Median Price: $697,250 (↓2.48% QoQ)

• Average Price: $777,672 (↓0.05% QoQ)

• Inventory: Tight, with 1.74 months of supply

• Market Insight: Continued strong demand despite higher prices. Slight QoQ dips hint at affordability ceilings being tested.

🔹 Semi-Detached Homes

• Benchmark Price: $529,967 (↑6.73% YoY)

• Market Insight: Moderate gains in pricing and inventory. These homes appeal to buyers looking for value near detached home quality.

🔹 Row Homes

• Benchmark Price: $464,267 (↑2.68% YoY)

• Median Price: $469,950 (↑13.8% YoY)

• Sales: Strong in the $400K–$500K range.

• Market Insight: Row homes have seen significant interest from first-time buyers and downsizers, contributing to rising median prices.

🔹 Apartments

• Benchmark Price: $364,600 (↑0.81% QoQ)

• Sales: Mostly under $400K, clustered around the $300K–$400K price bracket.

• Market Insight: Apartments remain the most affordable entry point, with price gains leveling off after strong activity in 2023.

📈 Price Growth Trends

Cranston’s benchmark price continues a multi-year upward trajectory, reaching its highest Q1 value to date. Long-term homeowners have seen substantial equity growth, especially in detached and row housing segments.

🏘️ Community News & Activities – Q1 2025

While the report doesn’t include direct community events, Cranston remains one of Calgary’s most family-friendly neighborhoods, anchored by:

• The Cranston Residents Association (CRA) at Century Hall: Offers a packed schedule of programs like yoga, skating lessons, and youth camps that keep community life vibrant.

• Proximity to Fish Creek Park continues to attract outdoor lovers.

• Ongoing infrastructure development in nearby Seton (including hospital services and shopping expansion) has had a halo effect on Cranston's desirability and property value.

📈 Market Outlook

Cranston is showing signs of healthy growth across all property types. Detached homes, while commanding higher prices, continue to perform steadily, while the semi-detached and row segments are rising stars, particularly for first-time and move-up buyers. The apartment market is comparatively slower, but stable.

Low supply and strong demand continue to define the area's dynamics. Sellers remain in a favorable position, particularly those with well-maintained, competitively priced homes.

The Cranston real estate market saw a mixed performance in January 2025, with notable activity across different property types. Here’s a breakdown of key market trends:

Sales and Inventory

• Total residential sales for January reached 29 units, reflecting a slight 3% decrease year-over-year.

• Inventory levels increased by 96% compared to last year, with 55 active listings.

• The months of supply increased to 1.90, suggesting a more balanced market compared to previous periods.

Home Prices

• The benchmark price for total residential properties in Cranston rose to $624,200, up 4.4% year-over-year.

• Detached homes saw a 7% price increase, reaching a benchmark of $764,200.

• Semi-detached homes had a benchmark price of $526,500, marking a 9% year-over-year rise.

• Row homes’ benchmark price increased by 5.3%, reaching $463,900.

• Apartment-style properties recorded a 4% price increase, with a benchmark price of $360,700.

Market Activity & Demand

• The sales-to-new-listings ratio stood at 53%, indicating that just over half of new listings were absorbed by buyers.

• Detached homes saw 16 sales, a 11% drop from January 2024, with inventory rising 50%.

• Row homes experienced 8 sales, increasing 33% year-over-year, with inventory up 133%.

• Apartment sales fell by 33%, with only 4 units sold, but inventory increased significantly by 300%.

Days on Market

• The average days on market for homes in Cranston was 31 days, slightly faster than previous months.

• Homes continue to sell close to asking prices, with the sale-to-list price ratio at 99.4%, showing strong buyer demand.

1. Detached Homes

• Sales: 16 units sold (↓ 11% from Jan 2024)

• New Listings: 27 new listings (↑ 50% Y/Y)

• Inventory: 27 active listings (↑ 50% Y/Y)

• Benchmark Price: $764,200 (↑ 7% Y/Y)

• Months of Supply: 1.69 months (↑ 153% Y/Y)

🔹 Market Insight: The detached home market remains strong, with prices increasing despite a drop in sales. The growing inventory and months of supply indicate a shift towards a more balanced market, but demand is still present.

2. Semi-Detached Homes

• Sales: 1 unit sold (same as last year)

• New Listings: 2 new listings (↑ 100% Y/Y)

• Inventory: 2 active listings (↑ 100% Y/Y)

• Benchmark Price: $526,500 (↑ 9% Y/Y)

• Months of Supply: 1.00 months (unchanged Y/Y)

🔹 Market Insight: The semi-detached market saw minimal activity, with only one sale. However, prices rose significantly, suggesting demand for this property type remains stable despite limited sales volume.

3. Townhouses (Row Homes)

• Sales: 8 units sold (↑ 33% Y/Y)

• New Listings: 14 new listings (↑ 133% Y/Y)

• Inventory: 13 active listings (↑ 133% Y/Y)

• Benchmark Price: $463,900 (↑ 5.3% Y/Y)

• Months of Supply: 1.63 months (↑ 117% Y/Y)

🔹 Market Insight: Townhouses experienced increased sales and rising prices, though inventory growth suggests buyers now have more choices. The market remains competitive but is showing signs of balance.

4. Apartments

• Sales: 4 units sold (↓ 33% Y/Y)

• New Listings: 12 new listings (↑ 300% Y/Y)

• Inventory: 14 active listings (↑ 300% Y/Y)

• Benchmark Price: $360,700 (↑ 4% Y/Y)

• Months of Supply: 3.50 months (↑ 175% Y/Y)

🔹 Market Insight: The apartment market is cooling down, with a significant drop in sales and a surge in inventory. Prices continue to increase slightly, but buyers have more negotiating power due to rising supply levels.

Final Thoughts

• Detached and semi-detached homes remain the strongest segments, with price growth and stable demand.

• Townhouses are gaining traction, with rising sales and prices, though inventory growth is providing buyers with more options.

• Apartments are seeing a shift towards a buyer’s market, with high inventory and slowing sales.

Market Trends

The Cranston real estate market in December 2024 experienced steady growth across all property types. Key highlights include:

• Detached Homes: The benchmark price reached $757,700, reflecting a 6.8% year-over-year (Y/Y) increase.

• Semi-Detached Homes: The benchmark price rose to $519,400, marking a 10.7% Y/Y increase.

• Row/Townhouses: Prices for row homes increased to $459,900, up 6.2% Y/Y.

• Apartments: The benchmark price for apartments climbed 7.2% Y/Y, reaching $361,900.

Inventory & Sales:

• Total Residential Sales: 25 sales, up 56% from December 2023.

• New Listings: 18 new listings, representing a 38% increase Y/Y.

• Active Inventory: 31 active listings, up 50% Y/Y.

• Months of Supply: 1.24, indicating a seller's market with strong demand.

2024 Annual Market Summary

The year 2024 was marked by a 7.5% increase in overall residential prices, with a total of 510 sales, reflecting a 4% decline compared to 2023. Other key metrics include:

• New Listings: 638, a 3% increase from 2023.

• Inventory: 47 active listings on average, down 8% from the previous year.

• Median Price: Increased 7.8% Y/Y to $587,500.

• Average Price: Rose 6.7% Y/Y to $629,375.

Cranston remained a strong market in 2024, with steady price growth and a seller-favored environment due to low months of supply and strong demand​.

Community Features

Schools

Cranston offers access to quality educational institutions, including:

• Cranston School (Public)

• Dr. George Stanley School (Middle School)

• Christ the King School (Catholic)

• Joane Cardinal-Schubert High School (Nearby)

Transportation

• Highway Access: Convenient access to Deerfoot Trail & Stoney Trail, making commuting easy.

• Public Transit: Calgary Transit routes connect residents to the Seton YMCA, South Health Campus, and LRT stations.

Shopping & Amenities

• Seton Urban District: Includes grocery stores, restaurants, and entertainment.

• Cranston Market: Offers everyday essentials, banking, and dining options.

• South Health Campus: Provides top-tier healthcare facilities.

Parks & Recreation

• Bow River Pathways: Walking and biking trails with scenic views.

• Fish Creek Park: One of Calgary’s largest natural parks, adjacent to Cranston.

• Cranston Residents’ Association: Offers community programs, an ice rink, and sports facilities.

Cranston continued to be a desirable residential area in 2024, with strong price appreciation, low inventory, and high demand. Families and professionals benefit from excellent schools, nearby amenities, and great connectivity. As we enter 2025, the market is expected to remain competitive, particularly in the detached and semi-detached segments.

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Cranston Real Estate Market Report

August 2024 showcased a dynamic real estate market in the Cranston community of Calgary, characterized by robust buyer activity and continued interest in this family-friendly neighborhood. Renowned for its picturesque landscapes, extensive amenities, and strong community spirit, Cranston remains a highly sought-after destination for homebuyers.

Market Overview: In August, Cranston recorded 48 home sales. 29 SOLD Detached houses $515,000 - $1,335,000 newer house in Riverstone; 3 SOLD Duplex houses $527,500 - $536,750; 8 SOLD Townhouses $370,000 - $600,000; 8 SOLD Apartments $353,000-$410,000.

Inventory and Trends: Currently, there are 67 active listings in Cranston, offering a variety of options, including single-family homes, townhouses, and condos. Homes are selling at an average of 21 days on market (DOM), Detached houses 22 days; Duplex houses 10 days; Townhouses 23 days; Apartments 15 days.

Community Insights: Cranston’s charm is enhanced by its extensive recreational facilities, including parks, walking trails, and access to the nearby Bow River. The community is known for its vibrant events and activities, fostering a strong sense of belonging among residents. Local amenities, such as schools, shopping centers, and dining options, further contribute to the quality of life in the area.

Looking Ahead: As we transition into September, the Cranston real estate market is expected to maintain its momentum. The end of summer often brings renewed buyer interest, creating opportunities for sellers. Buyers should be prepared for competition, particularly for sought-after listings. Overall, Cranston continues to thrive as a vibrant community within Calgary’s real estate landscape, offering both a desirable lifestyle and solid investment potential.

Contact us for a Free Home Evaluation.

For the latest community market report, SIGNUP HERE.

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