Grassy Lake, Alberta, Canada
As of August 31, 2026, the median asking price in Grassy Lake is $380,000, across 3 active MLS® listings.
Those listings have been on the market an average of 52 days.
1 new listing came to market in Grassy Lake in the last 30 days.
Asking prices work out to about $258 per square foot, based on the 3 listings that report floor area.
Grassy Lake is a very small, rural hamlet in southeastern Alberta near the Saskatchewan border, surrounded by irrigated farmland and prairie. The neighbourhood character is quiet and close-knit, with a predominantly family and working-age population tied to agriculture, local services, and regional commuting. Amenities are limited in-town (basic services and community facilities), with larger-scale shopping, healthcare, and employment nodes accessed by driving to nearby towns/cities in the broader region.
Housing is dominated by detached single-family homes on larger lots, with a small, thinly traded resale market and limited new supply. Demand is typically end-user driven rather than investor driven, so liquidity can be low and time-on-market can be longer than in Alberta’s major centres. Rental demand exists but is modest and sensitive to local employment; rents tend to be relatively affordable, and yields can look reasonable due to low entry prices, offset by higher vacancy risk and slower long-run appreciation compared with Calgary/Edmonton-area markets.
Grassy Lake’s market is very tight right now with just 2 active for-sale listings, a median asking price of $403,750, and an average of $249 per square foot. Homes are averaging 65 days on market, suggesting measured demand and giving buyers some room to negotiate on price or terms, while investors may find limited inventory supportive of values but should underwrite conservatively given the small sample size.
The median asking price in Grassy Lake is $380,000, across 3 active MLS® listings as of August 31, 2026. The average asking price is $359,167. These are list prices on homes currently for sale, not sale prices.
There are 3 active MLS® listings in Grassy Lake as of August 31, 2026. 1 of them came to market in the last 30 days.
Homes currently listed in Grassy Lake have been on the market an average of 52 days as of August 31, 2026. This measures how long active listings have been available so far, not how long they take to sell.