Question 1

What is the median sold price in City Centre?

Accepted Answer

The median sold price in City Centre is $286,000 based on 69 home sales over the past 2 years. The median represents the middle price point where half of homes sold for more and half sold for less, making it a reliable indicator of typical home values in the area.

Question 2

What is the average home price in City Centre?

Accepted Answer

The average sold price in City Centre is $266,248. Note that the average ($266,248) is lower than the median ($286,000), which suggests the market has a fairly even distribution of home prices.

Question 3

What is the price range for homes in City Centre?

Accepted Answer

Home prices in City Centre range from $89,500 to $438,000 based on recent sales data. This $348,500 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in City Centre selling above or below asking price?

Accepted Answer

On average, homes in City Centre are selling at 97.8% of their asking price. This means there is some room for negotiation, with homes selling slightly below asking. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in City Centre?

Accepted Answer

Homes in City Centre are selling in an average of 59 days. This indicates a balanced market with moderate competition. Buyers have reasonable time to make decisions without feeling rushed.

Question 6

What is the price per square foot in City Centre?

Accepted Answer

The average price per square foot in City Centre is $283. This metric helps you compare homes of different sizes on an equal basis. For example, a 2,000 sq ft home at this rate would cost approximately $566,000.

Question 7

How active is the real estate market in City Centre?

Accepted Answer

The City Centre market has seen 69 home sales over the past 2 years, with 5 properties currently for sale. With limited inventory, this is a competitive market favoring sellers.

Question 8

How many new listings are coming to market in City Centre?

Accepted Answer

There have been 2 new listings in City Centre during February 2026. Monitoring new inventory helps buyers catch fresh opportunities and helps sellers understand their competition.

Question 9

What types of properties are selling in City Centre?

Accepted Answer

The most common property types selling in City Centre are: condo (59 sold, avg $251,432), single family (10 sold, avg $353,660). Each property type has different price points and characteristics to consider when buying or selling.

Question 10

How much do condos cost in City Centre?

Accepted Answer

Condos and apartments in City Centre are selling for an average of $251,432, with 59 sales over the past 2 years. Condos typically offer a more affordable entry point into the City Centre market.

Question 11

Are home prices rising or falling in City Centre?

Accepted Answer

Home prices in City Centre have increased by 18.9% over the past 2 years. The average sold price moved from $184,133 to $218,900. This upward trend indicates strong demand and potential equity gains for homeowners.

Question 12

Is City Centre a buyer's or seller's market?

Accepted Answer

Based on current data, City Centre is a balanced market. Homes are selling in 59 days on average and at 97.8% of asking price. Both buyers and sellers have reasonable negotiating positions in current conditions.

Question 13

What percentage of homes sell above asking price in City Centre?

Accepted Answer

In City Centre, 14% of homes sold above asking price, while 81% sold below asking. Most homes sell at or below their listed price, giving buyers room to negotiate.

Question 14

What size homes are selling in City Centre?

Accepted Answer

Homes selling in City Centre range from 346 to 1,525 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 15

How much do home prices vary in City Centre?

Accepted Answer

City Centre shows relatively consistent pricing with a standard deviation of $85,660 around the average price of $266,248. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 16

How do I find out how much a house sold for in City Centre?

Accepted Answer

Simply search our City Centre sold archive. We index recently sold homes specifically by neighbourhood so you can compare apples-to-apples. If you see a "Sold" sign up the street, our MLS® sold listings data will tell you the exact closing price.

Question 17

Are sold prices different from the list price?

Accepted Answer

Often, yes. In competitive markets, house sale prices can be higher than the list price, while in slower markets, they may be lower. Viewing recently sold homes in City Centre will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 18

Do you show all MLS® sold listings for City Centre?

Accepted Answer

Our feed captures all MLS® listings sold page data available for City Centre. This includes detached homes, condos, and duplexes, ensuring you don't miss any sold real estate listings relevant to your search.

Just Sold: City Centre Home Prices

City Centre Sold Data Overview

1 Recently Sold Homes in City Centre (Last 30 days • Updated February 24, 2026 at 2:56 PM)

Sold Data & Market Statistics for City Centre

All Property Types

2-Year Market Trends: All Property Types

Negotiation & Cost Insights

Condo carrying costsn=59 condo sales (last 2y)

City Centre vs Spruce Grove

More neighbourhoods in Spruce Grove

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