McPhee Lake, Saskatchewan, Canada
As of September 4, 2026, the median asking price in McPhee Lake is $402,450, across 58 active MLS® listings.
Those listings have been on the market an average of 92 days.
10 new listings came to market in McPhee Lake in the last 30 days.
Asking prices work out to about $437 per square foot, based on the 41 listings that report floor area.
Detached homes in McPhee Lake are listed at an average of $577,819 across 37 active listings.
Vacant land in McPhee Lake are listed at an average of $218,831 across 16 active listings.
McPhee Lake is a very small, remote northern Saskatchewan lakeside community where day-to-day life is oriented around seasonal outdoor recreation, local services, and regional travel for higher-order shopping and healthcare. The neighbourhood character is predominantly low-density with detached homes, cabins/seasonal properties, and a limited supply of purpose-built rentals. Demographics skew toward long-term local households, seasonal residents/visitors, and workers tied to regional resource, service, and public-sector employment; turnover and transaction volume tend to be low, which can make pricing less transparent and listings sporadic.
Amenities are centred on the lake, community facilities, and small local retail/services, with many residents relying on nearby hubs for broader needs. School options are typically limited locally, with students often bused to larger communities depending on catchment arrangements; similarly, transit is minimal to non-existent (car/boat/snowmobile dependence is common), and access is driven by regional roads and seasonal conditions. The real estate market tends to be value-oriented with occasional spikes in demand for waterfront/recreational properties; overall price growth is usually steadier and more variable than in major cities, while rent levels are constrained by the small tenant pool—supporting decent gross yields when purchase prices are low, but with higher vacancy and liquidity risk.
McPhee Lake currently has just 2 active listings, with a median asking price of $479,900 and an average of $454 per square foot, pointing to a small, higher-priced pool of available homes. With properties averaging 69 days on market, buyers and investors may have time to evaluate options and negotiate, but the limited inventory can still support pricing for well-positioned listings.
The median asking price in McPhee Lake is $402,450, across 58 active MLS® listings as of September 4, 2026. The average asking price is $490,591. These are list prices on homes currently for sale, not sale prices.
There are 58 active MLS® listings in McPhee Lake as of September 4, 2026. 10 of them came to market in the last 30 days.
Homes currently listed in McPhee Lake have been on the market an average of 92 days as of September 4, 2026. This measures how long active listings have been available so far, not how long they take to sell.
Of the 58 homes currently listed in McPhee Lake, 64% detached houses, 28% vacant land, 2% commercial properties, 2% townhouses.
Communities.ca Inc.
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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