Murray River, Prince Edward Island, Canada
As of August 12, 2026, the median asking price in Murray River is $189,000, across 9 active MLS® listings.
Those listings have been on the market an average of 129 days.
Asking prices work out to about $124 per square foot, based on the 3 listings that report floor area.
Murray River is a small, coastal rural community in eastern Prince Edward Island centered on the Murray River harbour and working waterfront. The neighbourhood is characterized by low-density single-family homes, hobby farms, and seasonal cottages, with a quieter demographic mix of local families, retirees, and a notable share of seasonal residents and short-term visitors in summer. Everyday services are limited within the community, so residents typically rely on nearby hubs (notably Montague) for larger grocery options, healthcare, and broader retail; local amenities focus on the waterfront, community facilities, and outdoor recreation.
Real estate is dominated by detached homes and cottages, with demand influenced by lifestyle buyers seeking water access, views, and privacy. The rental market skews toward single-family rentals and seasonal/short-term accommodations rather than large apartment stock, supporting decent summer revenue potential but with higher vacancy risk in the off-season. Pricing has generally benefited from PEI-wide in-migration and limited rural inventory, though liquidity is thinner than in Charlottetown-area markets and values can be more sensitive to property condition, water frontage, and septic/well considerations. Overall, the neighbourhood suits investors prioritizing stable long-term appreciation with moderate yields and the option to blend long-term tenancy with peak-season rental income.
Murray River currently has 10 active for-sale listings with a median asking price of $189,000 and an average of $124 per square foot, pointing to a relatively affordable market by Island standards. Homes are taking an average of 117 days to sell and only 1 new listing came to market in the past 30 days, suggesting slower turnover and limited fresh inventory—conditions that can favor patient buyers while investors may see steady pricing but should plan for longer holding and marketing timelines.
The median asking price in Murray River is $189,000, across 9 active MLS® listings as of August 12, 2026. The average asking price is $164,444. These are list prices on homes currently for sale, not sale prices.
There are 9 active MLS® listings in Murray River as of August 12, 2026.
Homes currently listed in Murray River have been on the market an average of 129 days as of August 12, 2026. This measures how long active listings have been available so far, not how long they take to sell.