Murray River, Prince Edward Island
As of September 27, 2026, the median asking price in Murray River is $236,975, across 4 active MLS® listings.
Those listings have been on the market an average of 194 days.
1 new listing came to market in Murray River in the last 30 days.
Murray River is a small, coastal rural neighbourhood in eastern Prince Edward Island, centered on the Murray River harbour and surrounding farms, wooded lots, and low-density residential roads. The community skews toward families, long-time residents, and a notable share of seasonal/retiree households, with housing dominated by detached homes, cottages, and larger properties rather than apartments. Everyday amenities are limited within the neighbourhood (general services and shopping are typically a drive away), but the area is valued for scenery, boating/harbour access, beaches nearby, and a quiet lifestyle that attracts both year-round residents and summer visitors.
Schooling and most public services are generally accessed in nearby towns, with students commonly bused to regional schools; local options are more limited than in Charlottetown/Summerside. Transit is car-dependent with minimal to no fixed-route service, so tenant demand is strongest among households with vehicles. Real estate trends are driven by a mix of lifestyle migration and seasonal demand: prices rose sharply across PEI in the early 2020s, then cooled as interest rates increased, with Murray River tending to be less liquid and more sensitive to property condition, waterfront proximity, and year-round usability. From an investment lens, cash flow can be reasonable for single-family rentals and winterized cottages (and potentially stronger with seasonal leasing), but vacancy risk and longer selling times are higher than in PEI’s urban centres.
Murray River’s for-sale market is currently very small, with 4 active listings and a median asking price of $236,975, reflecting a mix of housing options across the community from village-adjacent homes to more rural properties along the surrounding roads and coastline. With listings averaging 194 days on market so far and just 1 new listing in the past 30 days, inventory appears to be lingering and thin, giving buyers more room to negotiate while requiring patience for those waiting for the right property to come up.
AI-written commentary on the active MLS® listing snapshot as of September 27, 2026. Not financial advice.
Walk Score 21 · Bike Score 42
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Stuart Hall, REALTOR® · Licence #LIC-00651009 · Century 21 Bravo
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