Peace River Real Estate

Refine your Peace River real estate search by price, bedroom, or type (house, townhouse, or condo). View up-to-date MLS® listings in Peace River.

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  3. Peace River Real Estate

Home Prices in Peace River

The asking price of homes for sale in Peace River has decreased -13.76% since October last year, while the number of homes for sale has increased 14.29%. See more Peace River Home Prices & Values.

House
Median Asking Price
$315K
79 Houses
Townhouse
Median Asking Price
$195K
7 Townhouses
Condo
Median Asking Price
$100K
16 Condos

Find Real Estate & MLS® Listings in Peace River

Zolo has the most detailed, up-to-date set of Peace River real estate listings. At the moment, Peace River has 3 homes for sale, including 77 houses, 17 condos, and 7 townhouses for sale. The average sold price for all home types in Peace River is $206K, which is % the same as October 2019. See our Peace River average house price stats for a more detailed analysis on average home prices, housing inventory, and days on market.

Peace River is home to 3 unique neighbourhoods. With Zolo you'll be able to find the most popular Peace River neighbourhoods, the highest-rated schools in the city, and evaluate nearby amenities. Narrow down your home search to filter by price, bedrooms, size or search by our map of MLS® listings for Canada-wide real estate.

MLS® Listing data for Peace River is updated every 15 minutes to provide you the most-up-to-date home listings. Reach out to one of our Peace River real estate agents to get started on landing your dream home today.

Peace River City Guide

7K
Population
6.8%
Population Growth
3%
Unemployment

Located in Alberta, the city of Peace River has a population of 6,744. The 6.8% population growth for this city is above average when compared to other Canadian cities.

There are 8.64% of immigrants in in Peace River, 2.8% of which are recent immigrants to Canada. Other than English, the most common language spoken is French, with 5% of residents reporting it as their mother tongue. The largest cultural community within Peace River is German at 25%, followed by Canadian at 24% and English at 24%.

Peace River offers good employment opportunities with an unemployment rate that sits near 3%, which is above average when compared to other cities. Approximately 52% of residents hold a university degree. Residents can expect an exceptional quality of life in Peace River based upon an above average median family income of $92,380.

According to Statistics Canada 90% of Peace River residents drive. About 19% of residents that are already established within the city will move within a year, while 53% will move within five years.

Peace River's population is higher than average when it comes to homeownership, with 59% owning a home and 41% renting. The median monthly mortgage cost is estimated to be about $1,296, which is above average when compared to renters in other Canadian cities.

In the Canadian real estate context, Peace River is a good place to to buy a home.

Neighbourhoods

Peace River is recognized as the city for great communities. To assist you to search for the most acquire area to reside consider each of Peace River's 3 neighbourhoods. Better still, spend the weekend inspecting open houses in Peace River. Ask the real estate agent on duty about the neighborhood. Their local knowledge will aid in narrowing down the best spot to set up roots in the Canadian real estate market.

Neighbourhood
(Top 5)
Sold under 10d Sold above asking Average sale price Active listings
1Saddleback Ridge 0% 0% $380K 20
2Shaftesbury Estates 0% 0% $385K 13
3Lower West Peace 0% 0% $134K 10

Demographics

Buying a house means owning a piece of a neighbourhood, so it’s a good idea to get to know your neighbours. Here’s a snapshot of Peace River’s demographics, including median age, schools and income, using census information from Statistics Canada.

41%
Rent
59%
Own
$926
Monthly Rent (Median)
$1,296
Monthly Mortgage (Median)
1,785
Total Families
$92,380
Family Income (Median)
33
Age (Median)
52%
College Educated

Schools

For those interested in buying Canadian real estate in order to raise a family, take heart: Peace River is home to top-rated elementary and secondary schools. To help you narrow down your Peace River housing market search, here’s the top five schools in each category. (Learn more in our school guide.)

Elementary Schools

5.8 Good Shepherd

Secondary Schools

5.2 Peace River
4.9 Glenmary

Commuters

According to Statistics Canada, residents in Peace River use a variety of ways to get around.

90%
Drive
1%
Transit
0%
Bike
8%
Walk

FAQs About Peace River Real Estate

According to current Peace River MLS© statistics, the average home listing price in Peace River, AB is $278,000. Based on Peace River housing inventory, the average home is listed on the market for 145 days and has a 94% selling to listing price ratio.

Based on current Peace River MLS© data, the average detached house in Peace River, AB has a listing price of $313,000. In Peace River, detached houses are on the market for 106 days on average.

According to current Peace River MLS© data, the average condo in Peace River, AB has a listing price of $112,000. In Peace River, the average price for a 2-bedroom condo is $116,000 and the average price for a 1-bedroom condo is $106,000.

In Peace River, AB, the most expensive neighbourhoods to buy a home include Shaftesbury Estates, Saddleback Ridge and Lower West Peace. Shaftesbury Estates is the most expensive neighbourhood in Peace River with an average home price of $316,000.

The cheapest neighbourhoods to buy a home in Peace River include Lower West Peace, Saddleback Ridge and Shaftesbury Estates. Lower West Peace is the most affordable neighbourhood in Peace River with an average home price of $267,000.

The closest cities to Peace River, AB include Grimshaw, Berwyn, Falher and Manning. Out of the nearby Peace River cities, Manning has the highest average home price of $195,000 and Falher has the most affordable average home price of $106,000.

The average townhouse in Peace River has an average listing price of $269,000, which represents a -26.2% change in price from last year. There are currently 7 townhouses for sale in Peace River, AB.

According to Statistics Canada Census data, the median total household income in Peace River is $92,380 per year, which is above the national median income of $67,000 per year.

In Peace River, AB, fewer people rent their homes than own at 40.9% rent versus 59.1% own. The median monthly rent price is $82,200 per month versus the median monthly mortgage of $700 per month.

peace-river
The listing data is provided under copyright by the Calgary Real Estate Board. The listing data is deemed reliable but is not guaranteed accurate by the Calgary Real Estate Board nor Zolo.