Gull Lake, Alberta, Canada
As of September 4, 2026, the median asking price in Gull Lake is $894,900, across 5 active MLS® listings.
Those listings have been on the market an average of 81 days.
1 new listing came to market in Gull Lake in the last 30 days.
Asking prices work out to about $454 per square foot, based on the 5 listings that report floor area.
Detached homes in Gull Lake are listed at an average of $821,760 across 5 active listings.
Gull Lake is a very small, rural community in west-central Alberta with a quiet, tight-knit character and a housing stock dominated by single-detached homes on larger lots, some acreages on the fringes, and a limited number of rental-oriented multi-unit properties. The neighbourhood around Gull Lake (often centred near the village core and Highway 53 access) tends to attract local families, trades and resource-sector workers who commute to nearby employment hubs such as Rimbey, Lacombe, Ponoka, and Red Deer. Demand is influenced by seasonal recreation around nearby lakes and by regional job conditions; overall turnover is lower than in cities, and listings can be sporadic.
Amenities are modest and locally focused (small shops/services, parks, and community facilities), with most major retail, healthcare, and broader recreation reached by driving to larger centres. School options are typically served through the surrounding school divisions with busing/commuting to nearby communities rather than a wide selection within the village itself. Transit is car-dependent with no meaningful fixed-route public transit. Real estate trends generally feature lower absolute prices than urban Alberta, steadier but more variable appreciation tied to local employment cycles, and comparatively higher gross yields for investors who can secure and retain tenants—offset by higher vacancy risk and thinner resale liquidity than larger markets.
Gull Lake’s market is currently very limited, with just 2 active listings and 1 new listing in the past 30 days, pointing to tight inventory and selective opportunities. The median asking price is $710,950 with an average of $609/sqft, while homes are taking about 58 days on market, suggesting buyers still have some room to negotiate despite the higher price point. For investors, the small sample size means pricing can swing quickly, so deals will depend heavily on property specifics and timing.
Walk Score 6 · Bike Score 26
The median asking price in Gull Lake is $894,900, across 5 active MLS® listings as of September 4, 2026. The average asking price is $821,760. These are list prices on homes currently for sale, not sale prices.
There are 5 active MLS® listings in Gull Lake as of September 4, 2026. 1 of them came to market in the last 30 days.
Homes currently listed in Gull Lake have been on the market an average of 81 days as of September 4, 2026. This measures how long active listings have been available so far, not how long they take to sell.
Gull Lake has a Walk Score of 6 out of 100, which Walk Score classifies as Car-Dependent — almost all errands require a car. Bike Score is 26.
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Stuart Hall, REALTOR® · Licence #LIC-00651009 · Century 21 Bravo
Data from MLS® System. Deemed reliable but not guaranteed accurate by CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
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