Labrador City, Newfoundland and Labrador, Canada
As of August 12, 2026, the median asking price in Labrador City is $379,950, across 22 active MLS® listings.
Those listings have been on the market an average of 59 days.
7 new listings came to market in Labrador City in the last 30 days.
Asking prices work out to about $240 per square foot, based on the 22 listings that report floor area.
Detached homes in Labrador City are listed at an average of $392,345 across 20 active listings.
Labrador City is a remote, resource-driven community in western Labrador, with housing demand and household incomes strongly influenced by iron-ore operations (including IOC and related contractors). The neighbourhood is largely made up of post-war to late-20th-century detached homes, duplexes, and low-rise apartments, with a practical, family-oriented character and a sizable population of tradespeople and fly-in/fly-out or rotational workers. Demographics tend to skew toward working-age households, with periodic in-migration tied to project cycles; vacancy and rents can shift quickly when major expansions or slowdowns occur.
Key amenities are concentrated around the town core: grocery and retail services, arenas and recreation facilities, and access to regional healthcare and public services for the area. Schools are provided through the Newfoundland and Labrador English School District with local elementary and secondary options within Labrador City/Wabush, and commuting is primarily car-based (limited local transit), with regional connectivity via the airport. The real estate market is typically less liquid than larger Canadian centres and more volatile: values and rents can move sharply with commodity prices, but entry prices are often lower than provincial urban markets, supporting mid-single-digit gross yields when employment conditions are stable.
Labrador City currently has 25 active listings with a median asking price of $385,000 and an average of $232 per square foot. Homes are spending about 56 days on market, pointing to a moderately paced environment where buyers have time to compare options while well-priced properties can still move. With 8 new listings in the past 30 days, supply is staying fresh, creating opportunities for investors to find value and negotiate on longer-sitting listings.
The median asking price in Labrador City is $379,950, across 22 active MLS® listings as of August 12, 2026. The average asking price is $524,814. These are list prices on homes currently for sale, not sale prices.
There are 22 active MLS® listings in Labrador City as of August 12, 2026. 7 of them came to market in the last 30 days.
Homes currently listed in Labrador City have been on the market an average of 59 days as of August 12, 2026. This measures how long active listings have been available so far, not how long they take to sell.