Faust, Alberta, Canada
As of August 12, 2026, the median asking price in Faust is $40,000, across 5 active MLS® listings.
Those listings have been on the market an average of 109 days.
1 new listing came to market in Faust in the last 30 days.
Faust is a small lakeside hamlet in Big Lakes County on the south shore of Lesser Slave Lake, with a quiet, rural character and a mix of older cottages, modest single-family homes, and seasonal/recreational properties. The local demographic skews toward long-time residents, retirees, and trades/shift workers who commute to nearby service centres; summer brings a noticeable influx of seasonal visitors tied to boating, fishing, and cabin use. Day-to-day amenities in Faust are limited, with most groceries, medical services, and major retail accessed in High Prairie; recreation is the primary draw, with lake access, beaches, and outdoor trails supporting a lifestyle market.
Schools and most family services are typically accessed in High Prairie (within the regional school division), and transit is largely car-dependent—no fixed-route public transit, with Highway access facilitating commuting and hauling. Real estate tends to be lower priced than larger Alberta centres, with demand influenced by seasonal recreation, regional employment cycles, and limited new supply. Recent market trends in the broader north-central Alberta lake communities point to steady interest in affordable ownership and vacation properties, but liquidity can be thin and prices can move in steps; investors generally do better targeting well-maintained year-round homes near lake access that can attract both local long-term tenants and medium-term/seasonal renters.
Market activity in the Faust neighbourhood is currently hard to quantify because there is limited market data available. With so few reliable data points, pricing trends and negotiating leverage are less clear than in more active markets, so buyers and investors may need to rely more on recent comparable sales, property-specific fundamentals, and longer search timelines when evaluating opportunities.
The median asking price in Faust is $40,000, across 5 active MLS® listings as of August 12, 2026. The average asking price is $109,160. These are list prices on homes currently for sale, not sale prices.
There are 5 active MLS® listings in Faust as of August 12, 2026. 1 of them came to market in the last 30 days.
Homes currently listed in Faust have been on the market an average of 109 days as of August 12, 2026. This measures how long active listings have been available so far, not how long they take to sell.