Prince George market report
Current average prices, inventory levels, days on market, and what the data actually means for buyers and sellers in Prince George right now.
Frequently Asked Questions
What is the current average home price in Prince George?
As of early 2026, the average residential sale price for a detached home in Prince George is approximately $490,000 to $510,000. Townhomes are averaging $310,000 to $370,000 and condos run lower depending on age and location. These averages cover the full city. Prices in high-demand areas like Hart Highlands and Heritage are often 10 to 20% above the city average, while some outlying or older areas run below it. A neighbourhood-specific number is more useful for most decisions than the citywide average.
Is it a buyer's market or seller's market in Prince George right now?
Spring 2026 slightly favours sellers in the mid-range market ($400,000 to $550,000), where inventory is running about 15% below the five-year seasonal average. Well-priced homes in established neighbourhoods are going under contract in three to four weeks. Above $650,000, there is more inventory relative to demand and buyers have more negotiating room. Below $350,000, the market is thin because there is not much available at that price point. Contact Jason for current data on any specific area or price range.
How long are homes sitting on the market in Prince George?
Average days on market varies considerably by price range and neighbourhood. In the $400,000 to $550,000 range in desirable areas, well-priced homes are typically under contract within 30 days. Overpriced homes in any range can sit for 60 to 90 days or longer before sellers reduce their price to where the market actually is. The upper end of the market (above $650,000) has longer average days on market right now. Ask Jason for current DOM data on any specific neighbourhood before making a pricing or timing decision.
What is the sale-to-list price ratio in Prince George?
The sale-to-list price ratio tells you how close homes are selling relative to their asking price. In Prince George's current market, well-priced homes in the mid-range are selling at 97 to 101% of list price. Homes that have been sitting and had price reductions often ultimately sell at 93 to 96% of their original asking price, though they may be near their reduced list price at the time of sale. This data is property-type and neighbourhood specific, and Jason can pull the current numbers for any area you are interested in.
Which neighbourhoods have seen the most price growth?
Hart Highlands and Heritage have seen the most consistent appreciation over the past five years, driven by strong demand from families and limited new supply. College Heights has held value well due to proximity to UNBC and UHNBC. Older areas closer to downtown have been more flat and in some cases have lagged. Within any neighbourhood, renovated and updated homes have outperformed unrenovated ones by a meaningful margin as buyers have become more selective.
How does Prince George compare to the BC Northern Real Estate Board averages?
Prince George is the largest market in the BCNREB district, which also includes communities like Smithers, Terrace, Fort St. John, and Prince Rupert. Prince George tends to have higher sale volumes and more liquidity than the smaller surrounding markets. Provincial BC averages are dominated by Metro Vancouver and are not a useful comparison for Prince George. The relevant benchmark is the BCNREB district data, and Prince George typically sits at or above the district average on both prices and sales velocity.
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